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White Mountains Insurance Group WTM Specialty Insurance Distribution (Distinguished) — Nonredeemable noncontrolling interests

Other segment segments

P&C Insurance and Reinsurance (Ark/WM Outrigger)
$447.8M+7.6%
Asset Management (Kudu)
$135.4M+7.1%
Financial Guarantee (HG Global)
-$19.2M-53.6%

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MARARedeemable noncontrolling interests in subsidiaries
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TDS
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$1.2M-80.0%
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EQHRedeemable noncontrolling interests in subsidiaries
$390M+34.9%

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:MinorityInterest.

The official record: White Mountains Insurance Group’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is White Mountains Insurance Group's specialty insurance distribution (distinguished) — nonredeemable noncontrolling interests?
White Mountains Insurance Group (WTM) reported specialty insurance distribution (distinguished) — nonredeemable noncontrolling interests of $70.6M in Q1 2026.
What does specialty insurance distribution (distinguished) — nonredeemable noncontrolling interests mean?
Represents the equity interest in a subsidiary held by minority partners that is not subject to mandatory redemption by the company. This metric reflects the permanent or long-term minority ownership structure within the segment. It helps investors understand the portion of the segment's earnings and equity that belongs to external partners.