profit from every $100 of sales.
$0$100
White Mountains Insurance Group
$2,254.95+0.38% today
+17.7% in 1 year
1-year low $1,881.611-year high $2,376.30
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $4.86 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What White Mountains Insurance Group sold, what it kept, and what it did with the cash.
Sales went from $1.16 billion in 2022 to $2.89 billion in 2025, with $1.11 billion of profit last year.
SalesProfit
White Mountains Insurance Group handed back 37% of the cash it generated last year.
Buybacks $203M
Free cash flow 2025$551M
Bought back its own shares$203M
Paid as dividends$3M
Cash vs. debt$185M vs. $837M
White Mountains Insurance Group vs. similar companies
White Mountains Insurance Group grows the fastest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| White Mountains Insurance Group | 4.9× · Cheap | ||
 Chubb | 13.9× · Cheap | ||
 The Progressive | 12.1× · Cheap | ||
 Tokio Marine Holdings | 15.9× · Fair price | ||
 The Travelers Companies | 13.1× · Cheap |
AI analysis
An AI analyst reads White Mountains Insurance Group's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,158 | 2,167 | 2,355 | 2,886 | |
| 1,059 | 2,126 | 2,210 | 3,583 | |
| – | – | – | – | |
| -105 | 610 | 371 | 1,416 | |
| 793 | 509 | 230 | 1,106 | |
| 276.96 | 198.60 | 89.79 | 430.14 | |
| 91.5% | 98.1% | 93.9% | 124.2% | |
| – | – | – | – | |
| 68.5% | 23.5% | 9.8% | 38.3% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 7,389 | 8,386 | 9,926 | 12,307 |
| Cash | 255 | 122 | 266 | 185 |
| Total debt | 575 | 565 | 563 | 837 |
| Total liabilities | 3,454 | 3,824 | 4,795 | 6,051 |
| 3,747 | 4,241 | 4,484 | 5,425 | |
| 3 | 3 | 3 | 3 | |
| -2.0% | 10.3% | 5.9% | 17.8% | |
| 21.2% | 12.0% | 5.1% | 20.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 365 | 404 | 587 | 551 | |
| – | – | – | – | |
| 365 | 404 | 587 | 551 | |
| Dividends paid | 3 | 3 | 3 | 3 |
| 616 | 33 | 8 | 203 | |
| 14 | 15 | 16 | 19 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 4.9×
- 19.6×
- 0.31
- 1.0×
- 1.9×
- 20.6%
- 0.0%
Profitability
- 38.3%
- 18.2%
- 8.2%
- 20.6%
- 14.6%
Growth
- +35.6%
- +15.8%
- +0.0%
- −3.5%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 10%of 688
Top 16%of 540
Top 5%of 900
Top 12%of 908
Top 23%of 941
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | 12.59 | -4.00 | +414.4% |
| Feb 6, 2026 | 39.77 | 379.45 | −89.5% |
| Nov 6, 2025 | 72.21 | 57.00 | +26.7% |
| Aug 7, 2025 | 47.75 | 57.00 | −16.2% |
| May 7, 2025 | -20.50 | -14.00 | −46.4% |
| Feb 7, 2025 | -50.78 | -33.00 | −53.9% |
| Nov 6, 2024 | 69.68 | 99.00 | −29.6% |
| Aug 7, 2024 | -2.74 | -26.00 | +89.5% |
0.0%of the share price, paid each year
On $1,000 invested$0a year at today's yield, before tax
+0.0%2020 to 2025
Raised–not every year
Paid per share, each year
$1.00 in 2015 → $1.00 in 2025
How safe it looks
0.2% of its profit
Room to growStretchedMore than it earns: 0.5%
News
Trump offers press secretary position to UFC boss Dana WhiteSeeking Alpha · Nov 8, 2026Trump’s $330 Million White House Ballroom Donor List Reveals Nvidia, Apple and Google Among Top Tech Contributors: Report (UPDATED)Yahoo Finance · Oct 19, 2026Kennedy, White House officials to revive food policy talks next week: PoliticoSeeking Alpha · Oct 17, 2026Nvidia and Apple Each Gave $25 Million to Trump’s White House BallroomYahoo Finance · Oct 16, 2026Judge extends block on Trump White House ban of MS NOW, CNN and PoliticoCNBC · Oct 14, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
6/7Passes 6 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
64Pass
Benjamin Graham
79Pass
Philip Fisher
72Pass
Peter Lynch
85Pass
Joel Greenblatt
72Pass
Charlie Munger
65Pass
Terry Smith
51No pass
Questions about White Mountains Insurance Group
Is White Mountains Insurance Group a good stock to buy?
A strong, very profitable business, and the price looks low. 6 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the White Mountains Insurance Group AI analysis
What does White Mountains Insurance Group do?
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. It is in Insurance - Property & Casualty, based in Hamilton, Bermuda, with 1,648 employees.
Does White Mountains Insurance Group pay a dividend?
Yes. At today's price the dividend is 0.0% a year, about 0% of its yearly profit. In 2025 it paid out $2.60 million in dividends.
Is White Mountains Insurance Group stock halal?
No. White Mountains Insurance Group does not pass our halal screen: its main business, conventional insurance, is not permitted. How we check
How has White Mountains Insurance Group stock done over the past year?
Up 17.7% over the past twelve months, to $2,254.95. It traded between $1,881.61 and $2,376.30 and is 5.1% below its high.
Who are White Mountains Insurance Group's competitors?
The largest listed companies in the same industry are Chubb, The Progressive, Tokio Marine Holdings and The Travelers Companies. The peers table on this page compares their profit, growth and price with White Mountains Insurance Group's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.