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White Mountains Insurance Group WTM HG Global — Unearned insurance premiums

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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:UnearnedPremiums.

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
Other liabilities116.796.5
Total Asset Management liabilities467.4446.9
Financial Guarantee (HG Global)
Unearned insurance premiums331.8327.9
Debt197.4147.8
Other liabilities20.123.8
Total Financial Guarantee liabilities549.3499.5
Specialty Insurance Distribution (Distinguished)

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's HG global — unearned insurance premiums?
White Mountains Insurance Group (WTM) reported HG global — unearned insurance premiums of $331.8M in Q2 2026.
What does HG global — unearned insurance premiums mean?
This represents the portion of written insurance premiums that have been collected but not yet earned by the HG Global segment. It reflects the company's obligation to provide insurance coverage over the remaining term of the policies. As a liability, it indicates the volume of future service obligations currently held by the segment.

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