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Other product segments

Property and Accident & Health
31.9%-2.7%
Marine & Energy
27.1%-11.1%
Casualty-Runoff
13.9%-1.4%
Casualty-Active
7.5%-10.7%

Similar metrics at other companies

The Hanover Insurance Group logo
THGSpecialty Lines — Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
-$20M-8.7%
Arch Capital Group logo
ACGLSpecialty — Liabilities for losses and loss adjustment expenses, net of reinsurance
366,900,000,000%+92,000,000,000pp
Radian Group logo
RDNSpecialty Insurance — Liability For Unpaid Claims And Claims Adjustment Expense Period Increase Decrease
$88M
Old Republic International logo
ORISpecialty Insurance — Claims and claim adjustment expenses attributable to insured events of prior years
$610.9M+19.6%
Radian Group logo
RDNSpecialty Insurance — Premiums Written Net
$148.48M
Arch Capital Group logo
ACGLSpecialty — Incurred losses and allocated loss adjustment expenses, net of reinsurance
856,400,000,000%+686,800,000,000pp

Other financials

Income statement

See full
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

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

Returns & leverage

See full
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 specialty — 2?
White Mountains Insurance Group (WTM) reported specialty — 2 of 26.8% in Q4 2025.
How has White Mountains Insurance Group's specialty — 2 changed year-over-year?
White Mountains Insurance Group's specialty — 2 decreased by 13.0% year-over-year, from 30.8% to 26.8%.
What does specialty — 2 mean?
Represents the net impact of prior year reserve development for the specialty insurance segment. This metric reflects the adjustment in estimated liabilities for claims incurred in previous reporting periods, indicating the accuracy of initial underwriting and reserving assumptions.