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

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Asset Management (Kudu)
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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:MinorityInterest.

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 Selected Balance Sheet Data / June 30, 2026Ark/WM OutriggerKuduHG GlobalDistinguishedWTM PartnersOther OperationsTotal
Total liabilities$5,864.0$467.4$549.3$332.2$183.3$118.5$7,514.7
Redeemable noncontrolling interests$131.5$131.5
Total White Mountains’s common shareholders’ equity$1,234.7$885.4$687.3$205.1$195.8$2,180.0$5,388.3
Nonredeemable noncontrolling interests$471.5$144.1$(20.0)$76.0$55.8$4.8$732.2
December 31, 2025
Total investments$3,926.5$1,313.3$784.2$94.0$.5$2,205.4$8,323.9
Total assets$6,354.1$1,402.3$1,236.8$735.4$182.4$2,395.5$12,306.5
Total liabilities$4,528.5$446.9$499.5$307.1$91.4$178.0$6,051.4

Item 1. Financial Statements (Unaudited)

FAQ

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 $76M in Q2 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.

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