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White Mountains Insurance Group WTM HG Global — Loss and loss adjustment expense reserves

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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:LiabilityForClaimsAndClaimsAdjustmentExpense.

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

As of June 30, 2026 and December 31, 2025, HG Re did not have any outstanding loss and LAE reserves. For the three and six months ended June 30, 2026 and 2025, HG Re did not recognize any incurred loss and LAE.

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's HG global — loss and loss adjustment expense reserves?
White Mountains Insurance Group (WTM) reported HG global — loss and loss adjustment expense reserves of $0 in Q2 2026.
What does HG global — loss and loss adjustment expense reserves mean?
This represents the estimated liability for claims that have been reported but not yet settled, plus an estimate for claims incurred but not reported. It is a critical measure of the segment's long-term financial obligations and reserve adequacy. Higher reserves relative to premiums may indicate conservative underwriting or a shift in the risk profile of the insured portfolio.

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