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Company Analysis

White Mountains Insurance Group WTM

A comprehensive view of key metrics, scores, and financial health for White Mountains Insurance Group

Overview of White Mountains Insurance Group, Ltd.

WTM NYQ
Financial Services Insurance - Property & Casualty Framework: Insurance & Reinsurance Mid Cap
White Mountains Insurance Group, Ltd. (WTM), is a Mid Cap company, in the Insurance - Property & Casualty industry, last closed at $2317.42, about 0.0% overvalued vs fair value, +22.5% 1Y return, ranked 459/1078 in sector.
Metrics P/E 4.8× Rev Growth 22.5% ROE 22.3% Gross Margin 50.4% Div Yield 0.05%
USD 2317.42
2.09%
(Delayed)
• Vol 90d: 18.3%
52-Week Range
Market Cap
$5.46B
Enterprise Value
$7.16B
Overall Score
View breakdown
Overall
Growth
Good
Profitability
Fair
Health
Fair
Efficiency
Weak
Valuation
Fair
Growth
Good
Profitability
Fair
Health
Fair
Efficiency
Weak
Valuation
Fair
Completeness: 94%
Confidence: 94%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.whitemountains.com
HQ Hamilton
Employees 1,648
Fiscal year Dec 31

Next Events

Earnings Nov 5 Estimated

Fair Value Snapshot

Bear Base Bull
$1285
$2317
$4339
Current: $2317.42 0% vs base

Engine Room Money Flow™

Mid Cap

Insurance & Reinsurance - Where revenue goes and how value is created

Flow Steps
Total Revenue
$2.9B
22.5%%
Claims & Losses
-$1.3B
-2.2%%
Acquisition & Admin Expenses
$606.6M
Underwriting Result
$1.3B
319.5%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Insurance & Reinsurance

Quality & Reliability Indicators

Loss Ratio
43.4%
Excellent

Claims & Losses / Revenue — core underwriting discipline metric; lower is better

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$205.2M
18.5% of Net Income

Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
0
Active Leaks
0/0
Improving
0
High Impact
0
Critical
Moat Analysis Insurance & Reinsurance

Competitive Advantage Assessment

Evaluating White Mountains Insurance Group's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
65
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Strong Premium Pricing Margins Premium margin signal is strong (score 0.86), with operating margin at 46.0% vs peers — indicating pricing authority.
  • Top-Quartile Underwriting Margins Gross margin at 50.4% (top 21%) and operating margin at 46.0% (top 7%) reflect strong underwriting discipline.

Key risks

  • Volatile Underwriting Results Underwriting stability is low (score 0.09), indicating significant exposure to loss cycle or catastrophe volatility.
  • Volatile Capital Returns Signal Cat Exposure Capital adequacy stability is low (score 0.30), indicating elevated catastrophe or reserve cycle exposure.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Underwriting Discipline

Moderate
51
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Signals, strengths and risks for Underwriting Discipline

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Signals, strengths and risks for Float Investment Quality

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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Capital Strength & Solvency

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Signals, strengths and risks for Operational Efficiency

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Signals, strengths and risks for Scale & Diversification

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Insurance (Life, P&C, Reinsurance) vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing WTM's balance between Growth (33.2%), Profitability (35.4%), and Safety (31.5%). Growth 33% Safety 31% Profitability 35%

Click axes to expand details. Marker shows current allocation.

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Growth

83th percentile vs peers
84
Key Signals
Rev Growth YoY 22.5% 79p Revenue CAGR 3Y 35.6% 88p Equity Growth YoY 21.0% 74p EPS Growth YoY 3.79 96p Asset Growth YoY 24.0% 94p
Strengths
  • Growth performance in top 20% of peers (percentile: 83)
  • Revenue CAGR 3Y in top 20% of peers (35.6%, 88th percentile)
  • EPS Growth YoY in top 20% of peers (3.79, 96th percentile)
  • ROE in top 20% of peers (22.3%, 82th percentile)
Risks

No significant risks identified for this axis.

Profitability

89th percentile vs peers
89
Key Signals
Strengths
Risks
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Safety

79th percentile vs peers
80
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for White Mountains Insurance Group.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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Bear
-
- - -
- upside
-
Base
$2316.88
- - -
0.0% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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