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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:DirectPremiumsWritten.

The source filing: White Mountains Insurance Group’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 8:50 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053932
MillionsThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Written premiums:
Direct$373.6$356.6$730.9$773.4
Assumed403.9458.61,137.51,149.4
Gross written premiums777.5815.21,868.41,922.8
Ceded (1)(240.1)(236.6)(740.9)(616.5)
Net written premiums$537.4$578.6$1,127.5$1,306.3
Earned premiums:
Direct$288.2$260.1$554.9$506.4

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's HG global — direct?
White Mountains Insurance Group (WTM) reported HG global — direct of $0 in Q2 2026.
What does HG global — direct mean?
This metric measures the volume of insurance business written directly by the segment with policyholders, without the involvement of other primary insurers. It indicates the segment's direct market presence and its ability to originate business. A zero value suggests the segment operates exclusively as a reinsurance or wholesale entity.

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