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Wednesday 4 November 2026 Export WTM’s income statement to Excel — free account

White Mountains Insurance Group, Ltd.

WTM Financial Insurance Property & Casualty

White Mountains Insurance Group, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $3.7 billion, up 66.8% from fiscal 2024.

Revenue
+22.6%
EPS
+68.8%
Free cash flow
−131.3%
Total debt
+34.2%

Quarter to June 2026, against a year earlier

2,376.57 90.04 +3.94%
Market cap
$5.5B
P/E
5.2×
Fwd P/E
5.1×
Dividend yield
0.04%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

White Mountains Insurance Group, Ltd. (WTM) Debt to equity

Alert me on Debt to equity

White Mountains Insurance Group, Ltd.'s debt to equity at the end of the quarter to 30 June 2026 was 0.2×, up 0.0× from fiscal 2025 (0.1×). Over the past ten years it has ranged from 0.0× (fiscal 2016) to 0.1× (fiscal 2022); the current reading is higher than 91% of that period. That is below the Insurance Property & Casualty industry median of 0.2× and below the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.1× 24.73%
FY2024 0.1× (11.47%)
FY2023 0.1× (15.32%)
FY2022 0.1× 28.70%
FY2021 0.1× 15.21%
FY2020 0.1× 9.31%
FY2019 0.1× 27.22%
FY2018 0.1× 898.59%
FY2017 0.0× 108.82%
FY2016 0.0× (95.60%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.2× 10.35%
Mar 2026 0.1× 1.02%
Dec 2025 0.1× (0.29%)
Sep 2025 0.1× 5.38%
42 more quarters

Against its own ten years

Low 0.0× High 0.1×
Ten-year median 0.1×
Current reading's percentile 91

Debt to equity against peers

Company Debt to equity
KNSL Kinsale Capital Group, Inc. compare 0.1×
WTM White Mountains Insurance Group, Ltd. 0.2×
RLI RLI Corp. compare 0.2×
MCY Mercury General Corporation compare 0.2×
THG The Hanover Insurance Group, Inc. compare 0.2×
SIGI Selective Insurance Group, Inc. compare 0.3×
ORI Old Republic International Corporation compare 0.3×
PLMR Palomar Holdings, Inc. compare 0.3×
HGTY Hagerty, Inc. compare 0.3×
Insurance Property & Casualty industry median 0.2×
Financial sector median 0.2×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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