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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) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, White Mountains Insurance Group, Ltd. (WTM) trades at a P/B ratio of 0.9×. Over the past ten years it has ranged from 0.7× (March 2020) to 1.2× (September 2018); the current reading is higher than 32% of that period. That is below the Insurance Property & Casualty industry median of 2.0× and below the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 0.9× (10.41%)
FY2024 1.0× 14.74%
FY2023 0.8× (16.60%)
FY2022 1.0× 20.45%
FY2021 0.8× 3.13%
FY2020 0.8× (27.53%)
FY2019 1.1× 5.66%
FY2018 1.1× (1.42%)
FY2017 1.1× 2.57%
FY2016 1.0× 10.62%

Quarterly newest first

Period P/B ratio Change
Jun 2026 0.8× (8.29%)
Mar 2026 0.9× 3.42%
Dec 2025 0.9× 13.04%
Sep 2025 0.8× (10.96%)
42 more quarters

Against its own ten years

Low 0.7× High 1.2×
Ten-year median 0.9×
Current reading's percentile 31

P/B ratio against peers

Company P/B ratio
WTM White Mountains Insurance Group, Ltd. 0.9×
ORI Old Republic International Corporation compare 1.6×
SIGI Selective Insurance Group, Inc. compare 1.8×
MCY Mercury General Corporation compare 2.0×
THG The Hanover Insurance Group, Inc. compare 2.5×
HGTY Hagerty, Inc. compare 2.6×
RLI RLI Corp. compare 3.6×
PLMR Palomar Holdings, Inc. compare 3.8×
KNSL Kinsale Capital Group, Inc. compare 4.5×
Insurance Property & Casualty industry median 2.0×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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