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White Mountains Insurance Group WTM Financial Guarantee (HG Global) — Minimum regulatory capital requirement

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Other financials

Income statement

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Revenue$844.6M+22.5%
Gross profit$764.5M+18.2%
Net income$199.5M+62.3%

Balance sheet

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Total debt$932.5M+34.2%
Total equity$5.4B+16.0%
Total assets$13.8B+16.4%

Cash flow

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Operating cash flow-$55.5M-131%

Valuation

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Market cap$5.3B+15.6%
P/E4.7×
P/S1.4×-0.5×

Profitability

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Gross margin94.1%-3.2pp
Net margin29.3%

Returns & leverage

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Return on equity22.4%
Debt / equity0.2×0.0×

Where this comes from

Reported directly by White Mountains Insurance Group in its filing.

Tagged under the XBRL concept us-gaap:StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired.

The source filing: White Mountains Insurance Group’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 9:21 AM EST
Fiscal year
FY2025
Accession
0001628280-26-012603

HG Re is a special purpose insurer under Bermuda insurance regulations and is subject to regulation and supervision by the BMA. As of December 31, 2025, HG Re had statutory capital and surplus of $731.7 million. As a special purpose insurer, HG Re has a nominal minimum regulatory capital requirement of $1.

Item 16. Form 10-K Summary.

FAQ

What is White Mountains Insurance Group's financial guarantee (HG global) — minimum regulatory capital requirement?
White Mountains Insurance Group (WTM) reported financial guarantee (HG global) — minimum regulatory capital requirement of $1 in Q4 2025.
What does financial guarantee (HG global) — minimum regulatory capital requirement mean?
The baseline level of capital that the segment is legally required to maintain by insurance regulators to ensure solvency and protect policyholders. Comparing this to actual statutory capital provides a measure of the segment's capital buffer or solvency margin. It is a fundamental metric for assessing regulatory risk and operational stability.

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