NYSE · FIRE, MARINE & CASUALTY INSURANCE · LARGE CAP
White Mountains Insurance Group, Ltd. WTM
18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$3.7B
▲ 66.8% vs FY2024
EPS · FY25
$430.14
Dividend / sh · FY25
$1.00
Payout · FY25
0%
ROE · FY25
22.3%
Net margin · FY25
29.6%
Dividend coverage
430.1×
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Result
USD 3.7B
Revenue, FY2025 · full 18-year series below
Revenue
Net income
30 cents of every revenue dollar became profit this year.
Per share
USD 430.14
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 430.1 times — the rest stayed in the company.
Profitability
22.3%
Return on equity, FY2025
ROE
Operating margin35.6%
Net margin29.6%
Return on assets10.0%
Each USD of equity produced 22 cents of profit this year.
Returned to shareholders
USD 205.2M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 2.6M
Net buybacksUSD 202.6M
Share of profit18.5%
Consecutive raises—
USD 2.6M in dividends and USD 202.6M in buybacks — 19% of the year's profit went back to shareholders.
Growth
+33.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+47.8%
+33.1%
+23.8%
+3.2%
Net income
+11.8%
+10.8%
+14.9%
+14.8%
EPS, diluted
+15.8%
+13.6%
+24.0%
+28.4%
Dividend / share
+0.0%
+0.0%
+0.0%
+0.0%
Returned to shareholders
−30.8%
+18.3%
−2.9%
−0.9%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.00B
Shares outstanding, FY2025
Change, 5 years−20.1%
Change, 10 years−55.9%
The share count shrank 20% in five years — the same company, cut into fewer, larger slices.
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Balance sheet
USD 12.3B
total assets, end of FY2025
Total assetsUSD 12.3B
EquityUSD 5.4B
CashUSD 185.6M
Gross debtUSD 837.0M
Net debtUSD 651.4M
Net debt stands at 12% of equity.
History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
3.7
2.2
2.2
1.2
0.6
0.9
0.3
0.4
0.2
0.2
0.4
1.4
1.4
2.4
2.2
2.3
3.4
2.9
Operating income $B
1.3
0.3
0.6
−0.1
−0.3
0.7
0.4
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
1.3
0.3
0.5
−0.1
−0.3
0.7
0.4
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
0.1
0.0
−0.0
0.0
0.0
−0.0
0.0
−0.0
−0.0
−0.0
0.0
−0.0
0.0
−0.0
−0.1
0.0
0.2
−0.5
Net income $B
1.1
0.2
0.5
0.8
−0.3
0.7
0.4
−0.2
0.6
0.4
0.3
0.3
0.3
0.2
0.8
0.1
0.6
−0.6
EPS, diluted $
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 / sh $
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
4.00
Payout %
0
1
1
0
−1
0
1
−2
1
1
2
2
2
3
1
6
2
−8
ROE %
22.3
5.3
12.8
21.7
−7.4
18.5
12.3
−6.0
16.8
10.9
7.0
7.3
8.1
4.9
20.9
3.8
15.8
·
Shares out B
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.01
0.01
0.01
0.01
0.01
0.01
0.01
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
34 of 34
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed