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White Mountains Insurance Group WTM Property and Accident & Health — 2

Other product segments

Marine & Energy
27.1%-11.1%
Specialty
26.8%-13.0%
Casualty-Runoff
13.9%-1.4%
Casualty-Active
7.5%-10.7%

Similar metrics at other companies

The Hartford Financial Services Group logo
HIGProperty, Liability and Casualty Insurance Product Line — Prior accident year development [1]
-$41M+66.4%
The Hartford Financial Services Group logo
HIGProperty & Casualty Other Operations — Prior accident year development [1]
-$36M
Allstate logo
ALLProperty and casualty — Prior years
-$1B-300%
RenaissanceRe Holdings logo
RNRProperty — Net claims and claim expenses incurred – prior accident years
-$160.74M+14.1%
Cincinnati Financial logo
CINFProperty and Casualty Insurance — Prior accident years
$967M+20.0%
RenaissanceRe Holdings logo
RNRProperty — Net claims and claim expense ratio – prior accident years
-17.9%+4.3pp

Other financials

Income statement

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Revenue$517.8M-10.4%
Gross profit$475.1M-16.7%
Net income-$27.2M-180%

Balance sheet

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Total debt$834.8M+23.5%
Total equity$5.4B+19.2%
Total assets$13.2B+19.7%

Cash flow

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Operating cash flow$30.5M+176%

Valuation

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Market cap$4.99B+9.8%

Profitability

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Gross margin94.9%-3.7pp
Net margin28.4%

Returns & leverage

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Return on equity21.2%
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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

The official record: White Mountains Insurance Group’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is White Mountains Insurance Group's property and accident & health — 2?
White Mountains Insurance Group (WTM) reported property and accident & health — 2 of 31.9% in Q4 2025.
How has White Mountains Insurance Group's property and accident & health — 2 changed year-over-year?
White Mountains Insurance Group's property and accident & health — 2 decreased by 2.7% year-over-year, from 32.8% to 31.9%.
What does property and accident & health — 2 mean?
This metric represents the net favorable or unfavorable development of prior accident year loss reserves for the Property and Accident & Health segment. It reflects the adjustment in estimated liabilities for claims incurred in previous periods as more information becomes available. Changes in this figure indicate the accuracy of initial underwriting assumptions and reserve adequacy over time.