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White Mountains Insurance Group WTM Specialty Insurance Distribution (Distinguished) — Premiums and commissions payable

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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 wtm:PremiumsAndCommissionsPayable.

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, except share and per share amountsJune 30, 2026December 31, 2025
Total Financial Guarantee liabilities549.3499.5
Specialty Insurance Distribution (Distinguished)
Debt140.9140.8
Premiums and commissions payable114.081.3
Other liabilities77.385.0
Total Specialty Insurance Distribution liabilities332.2307.1
Services, Industrial and Consumer (WTM Partners)
Debt66.519.4

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's specialty insurance distribution (distinguished) — premiums and commissions payable?
White Mountains Insurance Group (WTM) reported specialty insurance distribution (distinguished) — premiums and commissions payable of $114M in Q2 2026.
What does specialty insurance distribution (distinguished) — premiums and commissions payable mean?
The amount of premiums and commissions collected by the segment that are owed to insurance carriers or other intermediaries. This represents a significant liability that is typically settled in the normal course of business as part of the insurance distribution cycle. It is a critical indicator of the segment's short-term obligations and working capital management.

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