White Mountains Insurance Group (WTM)
Financials · diversified insurance holdings · NYSE
A diversified insurance and financial services holding company focused on building long-term value through specialized underwriting and strategic asset management.
What White Mountains Insurance Group does
White Mountains Insurance Group is a diversified financial services holding company. It operates primarily through segments focused on property and casualty (P&C) insurance and reinsurance (Ark/WM Outrigger), asset management (Kudu), financial guarantee insurance (HG Global), and specialty insurance distribution (Distinguished). The company actively manages a portfolio of businesses and investments with the objective of building long-term value.
Themes: P&C insurance and reinsurance, specialty insurance distribution, financial guarantee, asset management / GP stakes, capital allocation
Fundamentals
- Price$2,132.30 as of 2026-08-24 close
- Market cap$5.1B as of 2026-08-24
- 1-year return+14.4% 2025-08-22 close $1,863.22 → 2026-08-24 close $2,132.30
- P/E4.79 as of 2026-08-24
- Net margin+37.3% as of 2026-08-24
- ROE+21.2% as of 2026-08-24
- Debt / equity0.17 as of 2026-08-24
- Revenue growth (YoY)+15.5% as of 2026-08-24
- Revenue CAGR (3y)+47.8% SEC XBRL
- Beta0.32 as of 2026-08-24
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.0%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How WTM compares in its sector
- price-to-earnings ratiobottom 10% 513 covered Financials peers, as of 2026-08-24
- net profit margintop 10% 538 covered Financials peers, as of 2026-08-24
- operating margintop 25% 534 covered Financials peers, as of 2026-08-24
- return on equitytop 25% 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 347 covered Financials peers
- indicated dividend yieldbottom 10% 453 covered Financials peers, as of 2026-08-24
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
WTM is not currently in any published Top 10 list. Its scores are below.
Long-term score
74.2 #15 of 987 scored · #12 of 191 in Financials
Valuation 97th (price to earnings 4.7, price to book 0.9) and growth 87th (3-year revenue CAGR 47.8%, revenue growth year over year 15.5%); weakest is long-term trend (42nd, trading below its 200-day average).
Short-term score
46.8 #1003 of 1,704 scored · #183 of 277 in Financials
Volume and participation 91st: trading volume is about normal versus its 30-day average; setup 81st: no fresh 20-day breakout up or down; weakest is catalysts 7th: open-market insider buys in 90 days 0.
Never in this list — passed over at the rebalances below
- Not selected 18 Aug 2026 despite rank 15: Financials already holds 4 of 10 (sector cap).
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, WTM's dividend was covered by reported results (earnings payout 0%, operating-cash-flow payout 0%). This describes past coverage, not a forecast.
- Earnings payout0% dividends / net income
- Operating-cash-flow payout0% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How White Mountains Insurance Group looks technically
White Mountains Insurance Group (WTM) is trading 0.1% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 5 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 45, neither overbought (above 70) nor oversold (below 30). It made a new 20-day high about 25 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 0.1% below its 200-day average, the long-term trend line — a long-term downtrend | -0.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $2116.58 | $2116.58 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $2112.72 | $2112.72 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 17 calendar days ago — the swings before that are what the structure reading is measured on | 17 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes below 2070.3. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible upward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 5 trading days ago — a "golden cross", a bullish long-term signal | 5 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend) | 15.6 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 45, neither overbought (above 70) nor oversold (below 30) | 45.5 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($2070.30 to $2172.18) — its "stochastic" reading is 40 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 39.9 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 18 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $2333.00 | $2333.00 |
|---|---|---|
| From the 52-week high | it is 9.5% below its 52-week high (its highest price of the past year) | -9.5% |
| Above the 52-week low | it is 28.1% above its 52-week low (its lowest price of the past year) | +28.1% |
| Below the 52-week high | it is 9.5% below its highest point of the past year | 9.5% |
| Since a 20-day breakout | it made a new 20-day high about 25 trading days ago | 25 sessions |
| Since a 55-day breakout | it made a new 55-day low about 49 trading days ago | 49 sessions |
| All-time high | its highest closing price on record is $2333.00 (set on 2026-04-17) | $2333.00 |
| Given back of the 52-week move | over the past year its closes ranged ($1650.50 to $2319.41), and it has given back roughly a third of its rise from last year’s low — 31% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $1884.62 to $1906.02. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 31.2% |
| From the all-time high | it is 9.5% below its all-time high | -9.5% |
| Nearest price level | it is sitting right on a resistance level at $2119.19 — a price it turned at five times since 2025-12-11, most recently on 2026-07-15. Since 2024-08-21 it has 7 such levels below the current price and 4 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.4% |
| All-time low | its lowest closing price on record is $24.13 (set on 1987-12-04) | $24.13 |
| Above the all-time low | it is 8650.1% above its all-time low | +8,650% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 82% of it) | 18th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $46.31 between its high and its low — about 2.2% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $46.31 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $2076.72 and $2185.42 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $2076.72 – $2131.07 – $2185.42 |
| Typical daily range (% of price) | its price moves about 2.2% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.2% |
| Stretch from the 200-day average | it is sitting essentially on its 200-day average price (0.1% below it in plain percentage terms) | at its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.44× |
|---|
Candlestick patterns
2
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|---|---|
| Since a bullish engulfing | 6 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 6 sessions ago |
Price gaps
1
| Gap at the open | it opened on 2026-08-21 0.8% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.8% |
|---|
Price streaks
1
| Closing streak | it has closed lower 3 sessions in a row, a -1.61% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 3 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 6.1 percentage points (the stock lost 3.8% while the market gained 2.3%) | -6.1% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 4.4 percentage points (the stock lost 1.3% while the market gained 3.1%) | -4.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 16.3 percentage points (the stock lost 5.3% while the market gained 11.1%) | -16.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 5.8 percentage points (the stock gained 14.6% while the market gained 20.5%) | -5.8% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.0% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-15 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 0.2% of the share price, which is taken to mean a barrier that gives way easily. | 0.0% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 1% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $2136.08 — a volume-weighted average of daily closes over 159 sessions, not a true tick-by-tick VWAP. | -1.2% |
|---|
Price levels it has turned at before
WTM last closed at $2110.95 on 2026-08-21. Since 2024-08-21 it has turned at 7 prices below its last close and 4 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $2119.19 | Resistance | 0.4% above the last close | turned there five times · 2025-12-11 to 2026-07-15 |
| $2062.51 | Support | 2.3% below the last close | turned there three times · 2026-04-06 to 2026-08-04 |
| $2184.14 | Resistance | 3.5% above the last close | turned there twice · 2026-05-14 to 2026-08-10 |
| $2008.37 | Support | 4.9% below the last close | turned there 8 times · 2024-11-27 to 2026-06-11 |
| $2245.12 | Resistance | 6.4% above the last close | turned there six times · 2026-02-06 to 2026-07-20 |
| $1947.37 | Support | 7.8% below the last close | turned there five times · 2025-01-02 to 2025-11-12 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes below $2070.30.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $2332.35 and $2494.30 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close below $2070.30.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Recent golden cross (50-day crossed above 200-day) · trendless / choppy (low ADX) · lagging the market · Trading at this year’s average price paid (anchored VWAP) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Key risks (from latest filing)
["exposure to significant catastrophic loss events (natural disasters, man-made catastrophes)","volatility in investment portfolio valuations and financial market conditions","reliance on specialized business segments and key management personnel for capital allocation decisions"]
What changed in the latest 10-Q
AI-assisted comparison of WTM's 10-Q filed 2026-05-06 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-06) reports results for Q1 2026 and Q1 2025, whereas older filing (2025-11-06) reports results for Q3 2025 and Q3 2024, plus nine-month periods
- Newer filing shows Specialty Insurance Distribution (Distinguished) with full-period revenues of $40.3M in Q1 2026; older filing shows Distinguished revenues of only $14.3M for nine months ended Sept 30, 2025
- Newer filing removes P&C Insurance Distribution (Bamboo) as active operating segment, showing zero revenues in Q1 2026 (compared to $61.4M in Q1 2025 in older filing); older filing still reports Bamboo as active with $71.4M in Q3 2025
- Newer filing shows 'Net gain on sale of the Bamboo Group' of $2.4M in Other Operations for Q1 2026
- Newer filing reports balance sheet as of March 31, 2026 and December 31, 2025; older filing reports balance sheet as of September 30, 2025 and December 31, 2024
- Newer filing removes 'Assets held for sale - Bamboo Group' line item (shows only 'Assets held for sale - Other'); older filing separately reported Bamboo assets held for sale of $662.0M as of Sept 30, 2025
- Newer filing removes 'Liabilities held for sale - Bamboo Group' line item; older filing reported Bamboo liabilities held for sale of $312.3M as of Sept 30, 2025
- Newer filing reports Asset Management (Kudu) assets of $1,447.1M as of March 31, 2026 versus $1,298.8M as of Sept 30, 2025 in older filing
- Newer filing shows common shares outstanding of 2,476,670 as of March 31, 2026 versus 2,575,161 as of Sept 30, 2025 in older filing
- Removed:
- Older filing (2025-11-06) reported nine-month comparative results; newer filing (2026-05-06) reports only three-month results with prior-year three-month comparison
- Older filing included separate line items for 'Liabilities held for sale - Bamboo Group' ($312.3M at Sept 30, 2025) and 'Assets held for sale - Bamboo Group' ($662.0M at Sept 30, 2025); newer filing consolidates these into single 'held for sale' categories
- Reworded:
- Newer filing lists MD&A section page references differently: 'Results of Operations for the Three Months Ended March 31, 2026 and 2025' versus older filing's 'Results of Operations for the Three and Nine Months Ended September 30, 2025 and 2024'
- Newer filing shows 'P&C Insurance and Reinsurance' segment revenues decreased to $376.3M in Q1 2026 from $413.2M in Q1 2025, with specific change in 'Net realized and unrealized investment losses' of ($32.9M) versus gains of $29.5M
- Notes:
- The two filings report different fiscal periods (Q1 2026 vs Q3 2025 primary focus), limiting direct period-over-period comparisons
- Balance sheet dates differ by multiple months (March 31, 2026 vs Sept 30, 2025), affecting comparability of asset and liability levels
- The newer filing appears truncated in the provided text (Consolidated Statements of Operations section cuts off mid-table), so expense line items and totals for Q1 2026 were not fully captured for comparison
- Bamboo Group transition from 'held for sale' in older filing to completed sale reflected in newer filing represents a material operational change but is factually documented in both filings
Risk Factors
- Added:
- Share repurchase activity disclosed for January-March 2026 period (12,622 shares total purchased; 8,393 under publicly announced plans; maximum remaining shares 261,201)
- Footnote explaining 4,229 shares in January 2026 were repurchased to satisfy employee income tax withholding and do not reduce Board authorization amounts
- Reference to '2025 Annual Report on Form 10-K' in Insider Trading Policy section
- Statement that no trading plans were adopted or terminated during 'first quarter of 2026'
- Removed:
- Share repurchase activity for July-September 2025 period (showing zero shares purchased)
- Exhibits 2.1, 10.1, 10.2, and 10.3 (Securities Purchase Agreement and credit agreement amendments)
- Reference to '2024 Annual Report on Form 10-K' in Insider Trading Policy section
- Statement that no trading plans were adopted or terminated during 'third quarter of 2025'
- Reworded:
- Item 1A reference changed from '2024 Annual Report on Form 10-K' to '2025 Annual Report on Form 10-K'
- Insider Trading Policy exhibit reference changed from 'our 2024 Annual Report' to 'our 2025 Annual Report'
- Signature date changed from 'November 6, 2025' to 'May 6, 2026'
- Notes:
- The two filings cover different quarterly periods (Q3 2025 vs. Q1 2026), which accounts for the different share repurchase activity tables and quarterly references
- Page numbers differ between filings (95/96 vs. 73/74)
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for WTM — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 1 matched disclosure for WTM from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Short interest (FINRA)
WTM had 136,979 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
WTM had 5.74% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 8.53 days to cover at the same settlement.
- Reported short interest (shares) 136,979
- Short interest (% of shares outstanding) 5.74%
- Prior settlement (shares) 138,306
- Reported change -0.96%
- Days to cover (reported) 8.53
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- RenaissanceRe (RNR)
- Arch Capital Group (ACGL)
- Everest Group (EG)
- Axis Capital (AXS)
- Markel (MKL)
- Berkley (WRB)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare WTM vs…
Frequently asked questions
What does White Mountains Insurance Group (WTM) do?
White Mountains Insurance Group is a diversified financial services holding company. It operates primarily through segments focused on property and casualty (P&C) insurance and reinsurance (Ark/WM Outrigger), asset management (Kudu), financial guarantee insurance (HG Global), and specialty insurance distribution (Distinguished). The company actively manages a portfolio of businesses and investments with the objective of building long-term value.
What sector is White Mountains Insurance Group (WTM) in?
White Mountains Insurance Group (WTM) is classified in the Financials sector. Its industry is diversified insurance holdings. It trades on NYSE.
Does WTM pay a dividend?
Yes — White Mountains Insurance Group (WTM) pays a dividend, with an indicated yield of about 0.04% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are White Mountains Insurance Group's (WTM) competitors?
Notable peers of White Mountains Insurance Group (WTM) include RenaissanceRe, Arch Capital Group, Everest Group, Axis Capital and Markel. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in WTM?
Yes — we hold 1 matched STOCK Act disclosure for WTM from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is White Mountains Insurance Group (WTM) overbought or oversold right now?
White Mountains Insurance Group (WTM) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 45, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on WTM come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-24.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.