White Mountains Insurance Group, Ltd.

NYSE:WTM Stock Report

Market Cap: US$5.3b

White Mountains Insurance Group Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for White Mountains Insurance Group.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Insurance earnings growth2.1%
Revenue growth raten/a
Future return on equityn/a
Analyst coverage

None

Last updatedn/a

Recent future growth updates

No updates

Recent updates

Seeking Alpha • Sep 03

White Mountains Insurance: Not Much To Be Excited About

Summary White Mountains Insurance Group lacks a clear competitive advantage and offers minimal income appeal for investors, with a stagnant $1 annual dividend. The company’s strategy centers on value-oriented acquisitions across the insurance value chain, but growth and profitability lag behind peers like Berkshire Hathaway. Recent acquisitions and capital deployment have boosted revenues, yet most earnings still come from mature P&C and reinsurance segments with limited growth potential. Trading at 1.22x tangible book value, I find White Mountains fairly valued and recommend investors stay on the sidelines given its uninspiring outlook. Read the full article on Seeking Alpha
Seeking Alpha • Apr 14

White Mountains: With Two Catalysts, I Am Upgrading It To A Buy

Summary I previously rated White Mountains Insurance (WTM) as a hold, waiting for the price to fall below book value before buying. Recent market volatility and tariff announcements caused WTM to drop below book value, triggering my interest. WTM made two strategic investments: $150m in Broad Street, a commercial P&C insurance broker, and an undisclosed sum in Enterprise Solutions, an electrical contractor. WTM price has not recovered with the rest of the market, and I look into why this might be. I review my previous rating and share how I will play this. Read the full article on Seeking Alpha
Seeking Alpha • Mar 30

White Mountains Insurance

Summary White Mountains Insurance Group (WTM) has a strong track record but faces risks from natural catastrophes and concentrated underwriting niches. WTM's FY 2024 results showed an 8% increase in ABVPS, despite a poor Q4 impacted by hurricanes, with a 5.5% GAAP BVPS increase. WTM is undervalued at 1.1x book value, 30% lower than peers, but recent performance has lagged, peers despite a 12% share price increase. I maintain a hold rating, recommending waiting for bad news to drive the price below book value before considering a buy. Read the full article on Seeking Alpha
Seeking Alpha • Mar 13

White Mountains: A High-Quality Insurer At A Fair Price

Summary White Mountains avoids competitive insurance sectors like auto and homeowners insurance, instead focusing on specialized, high-margin businesses where underwriting expertise is a key advantage. The company reported 7.9% growth in book value per share, a 12.35% free cash flow yield, and maintains a conservative balance sheet, reinforcing its ability. Trading at a 1.01x book value, significantly below peers like Markel (1.49x) and Chubb (1.8x), White Mountains presents a compelling long-term investment for those prioritizing steady returns over short-term momentum. Read the full article on Seeking Alpha
Seeking Alpha • Sep 19

White Mountains: Under-The-Radar Value Builder

Summary White Mountains (WTM) is a specialist player in the insurance sector. The company has a long-term track record of solid performance through market cycles, with 14% CAGR and strong ROEs. WTM is a holding company with an attractive stable of well-positioned investments. It is valued competitively to peers; however, it does present some risk factors to be aware of. In this article, I profile the key segments, review the risks and opportunities, and provide an initial rating. Read the full article on Seeking Alpha
Seeking Alpha • Mar 25

White Mountains Insurance: Sum Of The Parts Points To Potential Upside

Summary White Mountains Insurance Group has seen strong performance in its shares, rising over 38% in the past year. The company's investment portfolio is a primary driver of its growth, with net investment income and realized/unrealized gains contributing to its solid financial results. White Mountains operates in diverse niches within the insurance sector, including municipal bond insurance, specialty P&C insurance, capital solutions, and now home insurance. Read the full article on Seeking Alpha
Seeking Alpha • Feb 24

White Mountains Insurance declares $1.00 dividend

White Mountains Insurance (NYSE:WTM) declares $1.00/share annual dividend, in line with previous. Payable March 22; for shareholders of record March 13; ex-div March 10. See WTM Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Sep 21

Insurtech startup Pie Insurance gets backing from Centerbridge, Allianz, others

Pie Insurance, a tech-driven provider of workers' compensation insurance to small businesses, has raised $315M in a series D round of funding led by Centerbridge Partners and the digital investments arm of Allianz Group. White Mountains Insurance Group (NYSE:WTM) also joined as a new investor. Existing investors Gallatin Point Capital, Greycroft, and Acrew Capital, as well as others, also participated. The financing round is Pie's largest, more than doubling its total capital raised to $615M. The company will use the capital to support its growth initiatives including expansion into new lines of business, transitioning to a full-stack carrier, and innovating upon its advanced proprietary pricing algorithms. Pie, operating in the highly fragmented small business commercial insurance market, has proprietary technology designed to more accurately price and underwrite insurance risks. "This fundraise allows us to strategically expand in a way that serves the long-term interests of our customers, partners, investors, and Pie-oneers," said Pie CEO John Swigart. Last November, Heritage Insurance (HRTG) entered a partnership with Slide, a startup insurtech P&C carrier.
Seeking Alpha • Aug 22

White Mountains Insurance commences $500M cash tender offer

White Mountains Insurance Group (NYSE:WTM) announced Monday that it has started off the self-tender offer to purchase up to $500M in its common shares, priced between $1,250-$1,400 each, in cash. That would represent the repurchase of around 12-14% of the company's shares outstanding. The insurer said offering will expire at 12 midnight ET on Sep. 20, 2022. Earlier: White Mountains Insurance GAAP EPS of -$1.98, revenue of $76.7M

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as White Mountains Insurance Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

NYSE:WTM - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20262,8231,026621621N/A
12/31/20252,8861,090551551N/A
9/30/20252,489139561561N/A
6/30/20252,579203471471N/A
3/31/20252,28527510510N/A
12/31/20242,354227587587N/A
9/30/20242,733639547547N/A
6/30/20242,299485501501N/A
3/31/20242,282558355355N/A
12/31/20232,167502404404N/A
9/30/20231,868248588588N/A
6/30/20231,731220482482N/A
3/31/20231,42927492492N/A
12/31/20221,158-120326326N/A
9/30/2022981-118107107N/A
6/30/2022506-4852222N/A
3/31/2022771-1764848N/A
12/31/2021614-2683939N/A
9/30/2021874185-27-27N/A
6/30/20211,426788-8-8N/A
3/31/20211,343767-94-94N/A
12/31/2020896711-96-96N/A
9/30/2020835278-36-36N/A
6/30/202053195-161-161N/A
3/31/2020401-1-139-139N/A
12/31/2019893408N/A-120N/A
9/30/2019724212N/A-73N/A
6/30/2019767222N/A-4N/A
3/31/2019761206N/A-27N/A
12/31/2018369-122N/A-31N/A
9/30/201847731N/A-28N/A
6/30/2018366-10N/A-22N/A
3/31/2018327-3N/A-52N/A
12/31/201737442N/A-62N/A
9/30/2017254-21N/A-63N/A
6/30/2017224-32N/A-118N/A
3/31/2017188-95N/A-182N/A
12/31/2016161-127N/A-179N/A
9/30/2016768164N/A-120N/A
6/30/20161,00793N/A22N/A
3/31/20161,322151N/A117N/A
12/31/2015449157N/A-66N/A
9/30/20151,422-62N/A50N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if WTM's forecast earnings growth is above the savings rate (3.5%).

Earnings vs Market: Insufficient data to determine if WTM's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if WTM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if WTM's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if WTM's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if WTM's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 22:08
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

White Mountains Insurance Group, Ltd. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert GlasspiegelBrean Capital Historical (Janney Montgomery)
Daniel SchlemmerMacquarie Research
Jim RyanMorningstar Inc.