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White Mountains Insurance Group Ltd
White Mountains Insurance Group Ltd (WTM) is listed on NYSE and classified in Insurance - Property & Casualty, part of the Financial Services sector. It is headquartered in Hamilton, Bermuda and has 1,648 employees. The company is worth $5.36B and trades at 5.1x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $3.74B in fiscal 2025, up 66.8% from the year before. Net income was $1.11B. The share price is 3.7% below its 52-week high of $2,333.00. It pays a dividend yielding 0.04%. None of the 38 superinvestors we track reported it in their latest 13F. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
None of the investors we track reported a position in WTM.
▲ +115.4% over 5Y.
today you would have $2,054.34▲ +105.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $2,078.03 | $1,945.06 | $1,505.01 | $1,414.33 | $1,013.90 | $1,000.66 | $1,115.51 | $857.69 | $851.28 | $836.05 | $726.81 | $630.11 | $603.08 | $515.00 | $453.46 | $335.60 | $332.66 | $267.11 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 13.6% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 8.6 across this company’s own years on record.
Cash flow growing 13.6% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FIGRFigure Technology Solutions, Inc. | $24.04 | 25.8x | 3.8x | 0.00% | 26.12% | $5.39B |
| OZKBank OZK | $49.67 | 8.2x | 0.9x | 3.95% | 11.03% | $5.42B |
| HGTYHagerty, Inc. | $15.79 | 143.5x | 7.5x | 0.00% | 8.92% | $5.43B |
| SIGISelective Insurance Group Inc | $91.74 |
| P/E | 8.6x | 4.8x | 21.7x | 7.6x | 5.1x | — | 4.4x | 8.6x | — | 5.8x | 10.4x | 14.5x | 12.3x | 11.6x | 16.9x | 4.7x | 33.2x | 6.3x | — |
| P/S | 2.7x | 1.4x | 2.2x | 1.8x | 3.1x | 5.0x | 3.5x | 4.0x | 6.8x | 8.5x | 24.2x | 9.2x | 2.7x | 2.7x | 1.3x | 1.6x | 1.2x | 0.9x | — |
| P/B | 0.9x | 0.9x | 1.1x | 0.9x | 1.0x | 0.9x | 0.8x | 1.1x | 1.0x | 0.9x | 1.1x | 1.0x | 0.9x | 1.0x | 0.9x | 0.8x | 0.7x | 0.8x | — |
| EPS | $430.14 | $89.79 | $198.60 | $276.96 | -$89.46 | $226.97 | $130.27 | -$41.76 | $146.06 | $80.06 | $50.20 | $51.13 | $51.85 | $30.50 | $97.44 | $10.12 | $53.10 | -$54.26 |
| Dividend yield | 0.12% | 0.05% | 0.05% | 0.07% | 0.07% | 0.10% | 0.10% | 0.09% | 0.12% | 0.12% | 0.12% | 0.14% | 0.16% | 0.17% | 0.19% | 0.22% | 0.30% | 0.30% | 1.50% |
| Payout | 1.11% | 0.23% | 1.11% | 0.50% | 0.36% | — | 0.44% | 0.77% | — | 0.68% | 1.25% | 1.99% | 1.96% | 1.93% | 3.28% | 1.03% | 9.88% | 1.88% | — |
| Profit margin | 23.10% | 29.62% | 10.29% | 23.50% | 68.47% | -44.82% | 74.07% | 42.15% | -47.71% | 158.67% | 259.35% | 62.89% | 20.55% | 22.70% | 7.94% | 37.25% | 3.71% | 13.65% | -18.85% |
| ROE | 11.42% | 20.39% | 5.14% | 12.01% | 21.16% | -7.76% | 16.98% | 11.55% | -6.73% | 16.98% | 11.42% | 7.07% | 7.26% | 7.91% | 5.18% | 19.80% | 2.37% | 12.85% | — |
Median of the years shown; P/E years above 200x are left out.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+161.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 11.4x |
| 1.6x |
| 1.87% |
| 14.15% |
| $5.46B |
| AXAxos Financial, Inc. | $92.53 | 10.9x | 1.7x | 0.00% | 16.77% | $5.26B |
| ABCBAmeris Bancorp | $82.37 | 14.9x | 1.3x | 0.97% | 9.40% | $5.53B |