What does HG global — total investments mean?

This is the aggregate fair value of all investment assets held by the HG Global segment, including fixed maturities, short-term instruments, and other securities. It represents the total capital deployed by the segment to generate investment income and support insurance underwriting activities. This metric is a key measure of the segment's overall financial scale and investment capacity.

White Mountains Insurance Group (WTM) HG Global — Total investments

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Other segment segments

Asset Management (Kudu)

$1.34B+19.3%

Specialty Insurance Distribution (Distinguished)

$79.4M—

WTM Partners

$600K—

Similar metrics at other companies

ARESOther — Total investments

$95.96M+168%

ARESCredit Group — Total investments

$29.98B+21.7%

ARESSecondaries Group — Total investments

$8.02B-47.2%

ARESPrivate Equity Group — Total investments

$6.07B+2.8%

ARESReal Assets Group — Total investments

$36.61B+83.3%

IEPInvestment — Investments

$1.39B-28.4%

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

See full

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:Investments.

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 amounts	June 30, 2026	December 31, 2025
Financial Guarantee (HG Global)
Fixed maturity investments, at fair value	715.1	693.4
Short-term investments, at fair value	34.2	90.8
Total investments	749.3	784.2
Cash	.2	.1
BAM Surplus Notes, at fair value	352.8	339.0
Insurance premiums receivable	9.8	11.4
Deferred acquisition costs	98.5	96.9

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's HG global — total investments?: White Mountains Insurance Group (WTM) reported HG global — total investments of $749.3M in Q2 2026.
What does HG global — total investments mean?: This is the aggregate fair value of all investment assets held by the HG Global segment, including fixed maturities, short-term instruments, and other securities. It represents the total capital deployed by the segment to generate investment income and support insurance underwriting activities. This metric is a key measure of the segment's overall financial scale and investment capacity.