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White Mountains Insurance Group WTM Financial Guarantee (HG Global) — Statutory capital and surplus

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Other financials

Income statement

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Revenue$517.8M-10.4%
Gross profit$475.1M-16.7%
Net income-$27.2M-180%

Balance sheet

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Total debt$834.8M+23.5%
Total equity$5.4B+19.2%
Total assets$13.2B+19.7%

Cash flow

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Operating cash flow$30.5M+176%

Valuation

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Market cap$4.99B+9.8%

Profitability

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Gross margin94.9%-3.7pp
Net margin28.4%

Returns & leverage

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Return on equity21.2%
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:StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance.

The official record: White Mountains Insurance Group’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is White Mountains Insurance Group's financial guarantee (HG global) — statutory capital and surplus?
White Mountains Insurance Group (WTM) reported financial guarantee (HG global) — statutory capital and surplus of $731.7M in Q4 2025.
What does financial guarantee (HG global) — statutory capital and surplus mean?
The excess of admitted assets over liabilities as determined by statutory accounting principles for insurance regulatory purposes. This metric represents the financial cushion available to support the segment's insurance obligations and regulatory solvency requirements. It is a primary indicator of the segment's financial strength and capacity to underwrite new risks.