WTMWHITE MOUNTAINS INSURANCE GROUP LTD
Fire, Marine & Casualty Insurance
- Revenue
- $3.7B
- 67% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $796M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired50% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear37% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear6% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $428M | $1.2B | $2.2B | $2.2B | $3.7B | 67% |
| Net income | −$275M | $793M | $509M | $230M | $1.1B | 380% |
| Operating cash flow | $39M | $365M | $404M | $587M | $551M | 6.2% |
| Stock-based comp | $15M | $14M | $15M | $16M | $19M | 13% |
| Buybacks | $108M | $616M | $33M | $8M | $203M | 2465% |
| Dividends | $3M | $3M | $3M | $3M | $3M | 4.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.