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White Mountains Insurance Group WTM HG Global — Notes receivable, fair value disclosure

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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:NotesReceivableFairValueDisclosure.

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
Millions, except share and per share amountsJune 30, 2026December 31, 2025
Short-term investments, at fair value34.290.8
Total investments749.3784.2
Cash.2.1
BAM Surplus Notes, at fair value352.8339.0
Insurance premiums receivable9.811.4
Deferred acquisition costs98.596.9
Other assets6.05.2
Total Financial Guarantee assets1,216.61,236.8

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's HG global — notes receivable, fair value disclosure?
White Mountains Insurance Group (WTM) reported HG global — notes receivable, fair value disclosure of $352.8M in Q2 2026.
What does HG global — notes receivable, fair value disclosure mean?
This reflects the fair value of notes receivable held by the HG Global segment, representing contractual rights to receive cash payments from third parties. These assets are often associated with specific financing arrangements or structured transactions within the segment's business model. Tracking this value helps investors understand the segment's credit exposure and potential future cash inflows.

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