WTM Stock Analysis: White Mountains Insurance | NYSE

Property Insurance, Specialty Reinsurance, Casualty Coverage, Municipal Guarantees

Total Rating 47

Safety 44

Buy Signal 0.00

Insurance - Property & Casualty
Industry Rotation: +13.6

Market Cap: 5.28B
Avg Turnover: 45.0M

Risk 3d forecast

Volatility18.7%

VaR 5^th Pctl3.23%

VaR vs Median4.74%

Reward TTM

Sharpe Ratio0.80

Rel. Str. IBD66.2

Rel. Str. Peer Group55 pctl

Character TTM

Beta0.215

Beta Downside0.259

Hurst Exponent0.545

Choppyness43.7%

Drawdowns 3y

Max DD18.05%

CAGR/Max DD0.89

CAGR/Mean DD2.65

EPS (Earnings per Share)

EPS CAGR: 28.68%
EPS Trend: 22.7%

Qual. Beats: 0

Revenue

Rev. CAGR: 11.27%
Rev. Trend: 82.2%

Qual. Beats: 0

Warnings

Earnings Expected To Drop (P/E To P/E Forward)

Tailwinds

No distinct edge detected

Seasonality

Not enough history

Description: WTM White Mountains Insurance

White Mountains Insurance Group is a Bermuda-based financial holding company with insurance and reinsurance operations in the United States, the United Kingdom, Bermuda, and other markets. Its specialty coverage spans property, casualty, marine, aviation, cyber, travel, and other risks, distributed through brokers, managing general agents, and reinsurance intermediaries.

Beyond insurance, the company provides municipal bond guarantee reinsurance, capital solutions and investment services for boutique asset and wealth managers, and specialty electrical contracting. Its mix of underwriting and reinsurance businesses reflects a model that both covers risks directly and assumes portions of risks from other insurers.

Headlines to Watch Out For

Ark underwriting margins hinge on catastrophe losses and reinsurance pricing
HG Global earnings track municipal bond issuance and credit quality
Capital returns and Kudu realizations support per-share book value growth

Piotroski VR-10 (Strict) 5.0

Net Income: 1.12b TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.89 > 1.0
NWC/Revenue: -151.3% < 20% (prev -174.1%; Δ 22.79% < -1%)
CFO/TA 0.03 > 3% & CFO 425.0m > Net Income 1.12b
Net Debt (-858.3m) to EBITDA (1.41b): -0.61 < 3
Current Ratio: 0.02 > 1.5 & < 3
Outstanding Shares: last quarter (2.41m) vs 12m ago -5.26% < -2%
Gross Margin: 65.17% > 18% (prev 45.62%; Δ 19.55% > 0.5%)
Asset Turnover: 21.89% > 50% (prev 21.81%; Δ 0.08% > 0%)
Interest Coverage Ratio: 22.62 > 6 (EBIT TTM 1.39b / Interest Expense TTM 61.5m)

Altman Z'' 0.61

A: -0.31 (Total Current Assets 91.5m - Total Current Liabilities 4.33b) / Total Assets 13.8b
B: 0.35 (Retained Earnings 4.82b / Total Assets 13.8b)
C: 0.11 (EBIT TTM 1.39b / Avg Total Assets 12.8b)
D: 0.72 (Book Value of Equity 5.39b / Total Liabilities 7.51b)
Altman-Z'' = 0.61 = B

What is the price of WTM shares?

As of October 31, 2026, the stock is trading at USD 2269.99 with a total of 20,256 shares traded. Over the past week, the price has changed by +2.01%, over one month by +12.29%, over three months by +7.15% and over the past year by +19.09%.

Current recommended Stop Loss: 2201.70 (which is 3% or 1.6 ATR below the current price).

Is WTM a buy, sell or hold?

White Mountains Insurance has no consensus analysts rating.

What are the forecasts/targets for the WTM price?

Analysts Target Price	360	-84.1%

White Mountains Insurance (WTM) - Fundamental Data Overview as of 29 October 2026

Market Cap USD = 5.28b (5.28b USD * 1.0 USD.USD)
P/E Trailing = 5.068
P/E Forward = 13.8696
P/S = 1.7726
P/B = 0.9866
P/EG = 0.8106
Revenue TTM = 2.80b USD
EBIT TTM = 1.39b USD
EBITDA TTM = 1.41b USD
Long Term Debt = 932.5m USD (from longTermDebt, last quarter)
Short Term Debt = 9.20m USD (from shortTermDebt, last fiscal year)
Debt = 932.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -858.3m USD (calculated: Debt 932.5m - CCE 1.79b)
Enterprise Value = 4.42b USD (5.28b + Debt 932.5m - CCE 1.79b)
Interest Coverage Ratio = 22.62 (Ebit TTM 1.39b / Interest Expense TTM 61.5m)
EV/FCF = 10.40x (Enterprise Value 4.42b / FCF TTM 425.0m)
FCF Yield = 9.61% (FCF TTM 425.0m / Enterprise Value 4.42b)
FCF Margin = 15.18% (FCF TTM 425.0m / Revenue TTM 2.80b)
Net Margin = 39.92% (Net Income TTM 1.12b / Revenue TTM 2.80b)
Gross Margin = 65.17% ((Revenue TTM 2.80b - Cost of Revenue TTM 975.3m) / Revenue TTM)
Gross Margin QoQ = 79.21% (prev 59.84%)
Tobins Q-Ratio = 0.32 (Enterprise Value 4.42b / Total Assets 13.8b)
Interest Expense / Debt = 6.60% (Interest Expense 61.5m / Debt 932.5m)
Taxrate = 9.92% (130.0m / 1.31b)
NOPAT = 1.25b (EBIT 1.39b * (1 - 9.92%))
Current Ratio = 0.02 (Total Current Assets 91.5m / Total Current Liabilities 4.33b)
Debt / Equity = 0.17 (Debt 932.5m / totalStockholderEquity, last quarter 5.39b)
Debt / EBITDA = -0.61 (Net Debt -858.3m / EBITDA 1.41b)
Debt / FCF = -2.02 (Net Debt -858.3m / FCF TTM 425.0m)
Total Stockholder Equity = 5.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.74% (Net Income 1.12b / Total Assets 13.8b)
RoE = 21.34% (Net Income TTM 1.12b / Total Stockholder Equity 5.24b)
RoCE = 22.55% (EBIT 1.39b / Capital Employed (Equity 5.24b + L.T.Debt 932.5m))
RoIC = 13.47% (NOPAT 1.25b / Invested Capital 9.31b)
WACC = 6.31% (E(5.28b)/V(6.21b) * Re(6.37%) + D(932.5m)/V(6.21b) * Rd(6.60%) * (1-Tc(0.10)))
Discount Rate = 6.37% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -38.09 | Cagr: -2.20%
[DCF] Terminal Value 74.00% ; FCFF base≈443.3m ; Y1≈408.8m ; Y5≈365.1m
[DCF] Fair Price = 2.78k (EV 5.79b - Net Debt -858.3m = Equity 6.65b / Shares 2.39m; r=8.35% [WACC [floored]]; 5y FCF grow -9.73% → 2.50% )
EPS Correlation: 22.66 | EPS CAGR: 28.68% | SUE: N/A | # QB: 0
Revenue Correlation: 82.22 | Revenue CAGR: 11.27% | SUE: N/A | # QB: 0