White Mountains Insurance Group (WTM)

Financial Services · Insurance - Property & Casualty
$2,060.63 +0.04% on the day Market cap $5.2B 52-week range $1,830.13 to $2,333.00 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

White Mountains Insurance Group's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

B

Five factors scored 1 to 9 from WTM's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation8
Profitability8
Growth9
Financial health3

Results from SEC filings

Fiscal years, from White Mountains Insurance Group's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$614M$1.2B$2.2B$2.2B$3.7B
Net income-$275M$793M$509M$230M$1.1B
Free cash flow—————
EPS (diluted)-$89.46$276.96$198.60$89.79$430.14
Operating margin-44.5%-12.9%26.1%14.1%35.6%

Where the revenue comes from

Revenue by segments, fiscal 2025. Every breakdown, year by year.

P&C Insurance and Reinsurance (Ark/WM Outrigger)$1.9B78%
P&C Insurance Distribution (Bamboo)$246M10%
Asset Management (Kudu)$183M7%
Financial Guarantee (HG Global)$74M3%
Specialty Insurance Distribution (Distinguished)$58M2%

Superinvestors who own WTM

From each investor's latest 13F filing (what a 13F shows).

None of the superinvestors we track held WTM in their latest 13F.

Insider buying

Open-market purchases by White Mountains Insurance Group's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of WTM in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are White Mountains Insurance Group insiders buying the stock?

No open-market insider purchases of WTM in the last 12 months, according to SEC Form 4 filings.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.