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White Mountains Insurance Group WTM HG Global — Interest Expense

Other segment segments

Asset Management (Kudu)
$7.2M+18.0%
Specialty Insurance Distribution (Distinguished)
$3.6M
WTM Partners
$600K
P&C Insurance Distribution (Bamboo)
$0-100%

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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:InterestExpense.

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
Financial Guarantee (HG Global)
Insurance acquisition expenses2.12.04.23.9
General and administrative expenses4.21.04.91.6
Interest expense3.74.57.39.1
Total Financial Guarantee expenses10.07.516.414.6
Specialty Insurance Distribution (Distinguished)
Broker commission expenses23.340.5
General and administrative expenses41.078.2

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's HG global — interest expense?
White Mountains Insurance Group (WTM) reported HG global — interest expense of $3.7M in Q2 2026.
What does HG global — interest expense mean?
This reflects the cost of servicing debt or other interest-bearing financial obligations held by the HG Global segment. It represents a direct charge against the segment's operating income and impacts its net profitability. High interest expenses relative to operating income may indicate excessive leverage or high cost of capital.

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