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White Mountains Insurance Group
(NYSE:WTM)
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Rating:79Outperform
Price Target:
$2,456.00
▲(11.23% Upside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by strong financial performance (debt-free balance sheet and robust recent profitability) and very favorable valuation (low P/E and solid dividend yield). These positives are tempered by uneven cash flow conversion and a mixed technical picture with neutral-to-soft momentum.
Positive Factors
Debt-free balance sheet
The absence of debt and substantial equity provide financial flexibility through insurance cycles, reduce funding risk, and support continued capital deployment or shareholder returns without relying heavily on external financing.
Negative Factors
Unreliable cash flow conversion
Cash generation remains positive but has been inconsistent relative to reported earnings. This volatility can constrain predictable capital returns and makes it harder to assess the durability of profitability across insurance and investment cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt and substantial equity provide financial flexibility through insurance cycles, reduce funding risk, and support continued capital deployment or shareholder returns without relying heavily on external financing.
Read all positive factors
White Mountains Insurance Group (WTM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.05B
Dividend Yield0.05%
Average Volume (3M)19.77K
Price to Earnings (P/E)4.8
Beta (1Y)0.27
Revenue Growth21.20%
EPS Growth445.91%
CountryUS
Employees1,648
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)439.41
Shares Outstanding2,386,721
10 Day Avg. Volume22,997
30 Day Avg. Volume19,775
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.98
Price to Sales (P/S)1.96
P/FCF Ratio-737.17
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)115
Revenue Forecast (FY)N/A
White Mountains Insurance Group Business Overview & Revenue Model
Company Description
White Mountains Insurance Group, Ltd. provides insurance services in the United States, the United Kingdom, Bermuda, and internationally. It operates through Ark/WM Outrigger, HG Global, Kudu, Distinguished, and Other Operations segments. The comp...
How the Company Makes Money
White Mountains makes money primarily through (1) underwriting income from its insurance and reinsurance operations and (2) investment income and gains on the assets it holds at the parent company and within its regulated insurance subsidiaries. U...
White Mountains Insurance Group Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.80B | 2.71B | 2.35B | 2.17B | 1.16B | 614.40M |
| Gross Profit | 1.72B | 1.45B | 1.07B | 1.15B | 370.90M | 33.10M |
| EBITDA | 1.41B | 1.41B | 371.10M | 610.30M | -104.80M | -231.50M |
| Net Income | 1.12B | 1.11B | 230.40M | 509.20M | 792.80M | -275.40M |
Balance Sheet | ||||||
| Total Assets | 13.77B | 12.31B | 9.93B | 8.39B | 7.39B | 7.00B |
| Cash, Cash Equivalents and Short-Term Investments | 1.79B | 3.15B | 1.22B | 1.61B | 1.18B | 605.80M |
| Total Debt | 932.50M | 837.00M | 562.50M | 564.60M | 575.20M | 639.10M |
| Total Liabilities | 7.51B | 6.05B | 4.79B | 3.82B | 3.45B | 3.30B |
| Stockholders Equity | 5.39B | 5.43B | 4.48B | 4.24B | 3.75B | 3.55B |
Cash Flow | ||||||
| Free Cash Flow | 425.00M | -7.20M | 586.80M | 404.10M | 434.00M | 98.20M |
| Operating Cash Flow | 425.00M | -7.20M | 586.80M | 404.10M | 434.00M | 98.20M |
| Investing Cash Flow | -432.20M | 212.70M | -447.00M | -543.90M | 155.70M | -204.00M |
| Financing Cash Flow | -251.40M | -205.20M | 4.20M | 7.20M | -461.80M | 149.20M |
White Mountains Insurance Group Technical Analysis
Negative
2208.05
Price Trends
2118.52
Negative
2145.56
Negative
2112.79
Positive
Market Momentum
-3.81
Positive
46.61
Neutral
49.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WTM, the sentiment is Negative. The current price of 2208.05 is above the 20-day moving average (MA) of 2135.93, above the 50-day MA of 2118.52, and above the 200-day MA of 2112.79, indicating a neutral trend. The MACD of -3.81 indicates Positive momentum. The RSI at 46.61 is Neutral, neither overbought nor oversold. The STOCH value of 49.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WTM.
White Mountains Insurance Group Risk Analysis
White Mountains Insurance Group disclosed 19 risk factors in its most recent earnings report. White Mountains Insurance Group reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
White Mountains Insurance Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $5.05B | 4.80 | 21.95% | 0.05% | 21.20% | 445.91% | |
78 Outperform | $5.41B | 11.35 | 13.87% | 1.80% | 7.30% | 32.16% | |
74 Outperform | $5.75B | 6.25 | 37.19% | 1.18% | 9.95% | 140.12% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $4.40B | 31.62 | 9.81% | ― | 7.75% | -20.74% | |
55 Neutral | $1.61B | -3.21 | -19.33% | 4.44% | -3.92% | -256.50% | |
52 Neutral | $3.92B | -28.54 | -26.78% | ― | 76.73% | 35.36% |
* Financial Sector Average
WTM
White Mountains Insurance Group
2,110.95
248.58
13.35%
MCY
Mercury General
105.70
30.35
40.28%
SIGI
Selective Insurance Group
91.47
14.31
18.55%
KMPR
Kemper
27.03
-24.43
-47.48%
LMND
Lemonade
53.37
-3.45
-6.07%
HGTY
Hagerty Inc Class A
13.08
2.15
19.67%
White Mountains Insurance Group Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsShareholder Meetings
White Mountains Highlights 2026 Investor Presentation and Strategy
Positive
Jun 5, 2026
White Mountains Insurance Group used its 2026 Annual Investor Presentation to highlight a strong 2025, when book value per share rose 25% to $2,188, supported by good operating results, solid though benchmark-lagging investment performance, and ov...
Executive/Board ChangesShareholder Meetings
White Mountains Shareholders Approve Governance Changes at AGM
Positive
May 21, 2026
At its 2026 Annual General Meeting held on May 21, 2026 in Hamilton Parish, Bermuda, White Mountains Insurance Group, Ltd. reported that director Steven M. Yi did not stand for re-election and concluded his service on the board at the end of his t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.