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White Mountains Insurance Group WTM Specialty — Cumulative Paid Loss and LAE, Net of Reinsurance

Other product segments

Marine & Energy
$1B+128%
Property and Accident & Health
$942.2M+306%
Casualty-Runoff
$110.9M+241%
Casualty-Active
$76.2M+686%

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ACGLSpecialty — Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
493,000,000,000%+430,300,000,000pp
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ACGLMulti-line and other specialty — Cumulative paid losses and allocated loss adjustment expenses, net of reinsurance
540,000,000,000%+478,900,000,000pp
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FRHCLife Insurance — Cumulative paid losses and LAE, net of reinsurance
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RNRCasualty and Specialty — Cumulative Paid Claims and Claim Expenses, Net of Reinsurance
$13.66B+684%
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FRHCAccident Insurance — Cumulative paid losses and LAE, net of reinsurance
$245K+33.2%
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AFGProperty and casualty insurance — Cumulative Paid Claims and Allocated LAE, Net of Reinsurance
$20.75B+809%

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:ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet.

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 — cumulative paid loss and LAE, net of reinsurance?
White Mountains Insurance Group (WTM) reported specialty — cumulative paid loss and LAE, net of reinsurance of $411M in Q4 2025.
How has White Mountains Insurance Group's specialty — cumulative paid loss and LAE, net of reinsurance changed year-over-year?
White Mountains Insurance Group's specialty — cumulative paid loss and LAE, net of reinsurance increased by 384.1% year-over-year, from $84.9M to $411M.
What does specialty — cumulative paid loss and LAE, net of reinsurance mean?
This metric measures the total cash outflows for claims and loss adjustment expenses paid by the Specialty segment, net of reinsurance recoveries, over a specified period. It reflects the actual settlement progress of the segment's insurance obligations.