What does WTM partners — redeemable NCI mean?

This represents the portion of equity in a consolidated subsidiary held by third-party investors that is subject to redemption features outside the control of the issuer. It reflects potential future cash outflows required to settle these interests, serving as a key indicator of liquidity risk and capital structure obligations. Monitoring this balance helps investors assess the extent of external claims on subsidiary assets that may be triggered by specific events or dates.

White Mountains Insurance Group (WTM) WTM Partners — Redeemable NCI

Screener

Other segment segments

Specialty Insurance Distribution (Distinguished)

$131.5M—

Asset Management (Kudu)

$0—

Similar metrics at other companies

SPBHPC — Redeemable noncontrolling interest

$56.5M—

STWDProperty Segment — Temporary Equity: Redeemable non-controlling interests

$356.38M-16.2%

STWDInfrastructure Lending Segment — Temporary Equity: Redeemable non-controlling interests

$0—

STWDInvesting and Servicing Segment — Temporary Equity: Redeemable non-controlling interests

$0—

STWDCommercial and Residential Lending Segment — Temporary Equity: Redeemable non-controlling interests

$0—

RITMAsset management — Redeemable Non-controlling Interests of Consolidated Subsidiaries (Note 22)

$120.48M+371%

Other financials

Income statement

See full

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

See full

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

See full

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:RedeemableNoncontrollingInterestEquityCarryingAmount.

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, 2026	Ark/WM Outrigger	Kudu	HG Global	Distinguished	WTM Partners	Other Operations	Total
Total investments	$3,725.5	$1,459.0	$749.3	$79.4	$.6	$2,120.6	$8,134.4
Total assets	$7,570.2	$1,496.9	$1,216.6	$744.8	$434.9	$2,303.3	$13,766.7
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

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's WTM partners — redeemable NCI?: White Mountains Insurance Group (WTM) reported WTM partners — redeemable NCI of $0 in Q2 2026.
What does WTM partners — redeemable NCI mean?: This represents the portion of equity in a consolidated subsidiary held by third-party investors that is subject to redemption features outside the control of the issuer. It reflects potential future cash outflows required to settle these interests, serving as a key indicator of liquidity risk and capital structure obligations. Monitoring this balance helps investors assess the extent of external claims on subsidiary assets that may be triggered by specific events or dates.