White Mountains Insurance Group Ltd
WTMFinancial·Insurance - Property & Casualty·USA·Mid·NYSE·Nov 11 • 10:07 AM ET
Price
WTM against its 20, 50 and 200-day averages4.6% under 2,378.94 on 4 Nov 2026. Last 15 sessions, 10.6% high to low
Profile
WTMWhite Mountains Insurance Group Ltd. engages in the acquisition of businesses and assets in the insurance, financial services, and related sectors. It operates through the following segments: HG Global/BAM, Ark/MW Outrigger, Kudu, and Other Operations. The HG Global/BAM segment refers to White Mountains' investment in HG Global Limited, and the consolidated results of Build America Mutual Assurance Company (BAM). The Ark/WM Outrigger segment consists of Ark Insurance Holdings Limited and its subsidiaries. The Kudu segment provides capital solutions for boutique asset and wealth managers for various purposes including generational ownership transfers, management buyouts, acquisition and growth finance, and legacy partner liquidity. The Other Operations segment focuses on its wholly-owned subsidiary, WM Capital, other intermediate holding companies, investment management subsidiary, White Mountains Advisors LLC, as well as certain consolidated and unconsolidated private capital and other investments. The company was founded on September 4, 1980 and is headquartered in Hanover, NH.
| Index | RUI |
|---|---|
| Employees | 1648 |
| IPO | Oct 23, 1985 |
| Beta | 0.28 |
| ATR, 14d | 59.74 |
| Rel volume | 0.50 |
| Short float | 5.59% |
| Insider own | 3.23% |
| Inst own | 93.60% |
Snapshot
6 groupsValuation
| Index | RUI |
|---|---|
| Market Cap | 5.42B |
| Enterprise Value | - |
| Income | 944.20M |
| Sales | 2.76B |
| Book/sh | 2242.77 |
| Cash/sh | - |
| Dividend Est. | - |
| Dividend TTM | 1.00 (0.04%) |
| Dividend Ex-Date | Mar 16, 2026 |
| Dividend Gr. 3/5Y | 0.00% 0.00% |
| Payout | 0.23% |
| Employees | 1648 |
| IPO | Oct 23, 1985 |
Ratios
| P/E | 6.01 |
|---|---|
| Forward P/E | 17.46 |
| PEG | - |
| P/S | 1.97 |
| P/B | 1.01 |
| P/C | - |
| P/FCF | 10.08 |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | - |
| Current Ratio | 1.11 |
| Debt/Eq | 0.17 |
| LT Debt/Eq | 0.17 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | 377.47 |
|---|---|
| EPS next Y | 130.00 |
| EPS next Q | 51.15 |
| EPS this Y | -75.31% |
| EPS next Y | 22.41% |
| EPS next 5Y | - |
| EPS past 3/5Y | - 13.56% |
| Sales past 3/5Y | 35.58% 19.57% |
| EPS Y/Y TTM | 586.65% |
| Sales Y/Y TTM | 10.70% |
| EPS Q/Q | -140.18% |
| Sales Q/Q | -25.82% |
| Earnings | Nov 05 BMO |
| EPS/Sales Surpr. | -807.27% - |
Ownership
| Insider Own | 3.23% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 93.60% |
| Inst Trans | 0.16% |
| ROA | 7.97% |
| ROE | 18.66% |
| ROIC | 15.03% |
| Gross Margin | - |
| Oper. Margin | 18.47% |
| Profit Margin | 34.26% |
| SMA20 | 1.20% |
| SMA50 | 6.60% |
| SMA200 | 5.76% |
| Trades | - |
Technical
| Shs Outstand | 2.39M |
|---|---|
| Shs Float | 2.31M |
| Short Float | 5.59% |
| Short Ratio | 5.97 |
| Short Interest | 0.13M |
| 52W High | 2378.94 -4.60% |
| 52W Low | 1870.00 21.37% |
| Volatility | 4.26% 2.56% |
| ATR (14) | 59.74 |
| RSI (14) | 57.79 |
| Beta | 0.28 |
| Rel Volume | 0.50 |
| Avg Volume | 21.63K |
| Volume | 1,512 |
Performance
| Perf Week | -4.49% |
|---|---|
| Perf Month | 8.43% |
| Perf Quarter | 5.99% |
| Perf Half Y | 7.06% |
| Perf YTD | 9.22% |
| Perf Year | 17.90% |
| Perf 3Y | 50.31% |
| Perf 5Y | 101.37% |
| Perf 10Y | 174.11% |
| Recom | - |
| Target Price | - |
| Prev Close | 2280.00 |
| Price | 2269.59 |
| Change % | -0.46% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| MKL | Markel Group Inc | 23.89B |
| AGO | Assured Guaranty Ltd | 3.21B |
| L | Loews Corp | 22.32B |
| HG | Hamilton Insurance Group Ltd | 3.75B |
| AXS | Axis Capital Holdings Ltd | 7.68B |
| PLGO | Pelagos Insurance Capital Ltd | 2.33B |
| RNR | RenaissanceRe Holdings Ltd | 14.18B |
| BRK-B | Berkshire Hathaway Inc | 1238.71B |
| MBI | MBIA Inc | 242.34M |
| GLRE | Greenlight Capital Re Ltd | 521.50M |
Insider trading
2 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Rountree George Manning | Chief Executive Officer | Dec 19 '25 | Sale | 2050.00 | 5,000 | 10,250,000 | 13,809 | Dec 22 10:13 AM |
| Gelston Philip A | Director | Dec 16 '25 | Sale | 2048.51 | 165 | 338,004 | 1,568 | Dec 16 08:41 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| DFSV | US Small Cap Value Portfolio ETF Class Shares | - |
| VB | Vanguard Morningstar Small-Cap ETF | AUM: 79.59B |
| AVUV | Avantis U.S. Small Cap Value ETF | AUM: 32.39B |
| DFAT | U.S. Targeted Value Portfolio-ETF Class Shares | - |
| VBR | Vanguard Morningstar Small-Cap Value ETF | AUM: 37.76B |
| DFAS | U.S. Small Cap Portfolio-ETF Class Shares | - |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
| DFAC | U.S. Core Equity 2 Portfolio-ETF Class Shares | - |
News
latest 14 of 206- White Mountains: Q3 Earnings Snapshot (Associated Press)
- WHITE MOUNTAINS REPORTS THIRD QUARTER RESULTS (PR Newswire)
- Stephen Klar Elected to the White Mountains Board (PR Newswire)
- White Mountains: Q2 Earnings Snapshot (Associated Press)
- WHITE MOUNTAINS REPORTS SECOND QUARTER RESULTS (PR Newswire)
- Loading…
- Australian Financial Planning Group Secures Minority Investment from Kudu Investment Management to Fund Growth Initiatives (PR Newswire)
- Australia's Drummond Capital Partners Secures Investment from Kudu Investment Management (PR Newswire)
- White Mountains to Hold 2026 Annual Investor Information Meeting on June 5, 2026 (PR Newswire)
- White Mountains: Q1 Earnings Snapshot (Associated Press)
- WHITE MOUNTAINS REPORTS FIRST QUARTER RESULTS (PR Newswire)
- WHITE MOUNTAINS PARTNERS ANNOUNCES ACQUISITION OF HAWKEYE ELECTRIC BY ENTERPRISE SOLUTIONS (PR Newswire)
- WHITE MOUNTAINS PARTNERS ANNOUNCES ACQUISITION OF BASESIX (PR Newswire)
- White Mountains: Q4 Earnings Snapshot (Associated Press Finance)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-05 | -17.710 | 2.504 | -17.710 | - | - | 1 |
| 2026Q2 | 2026-08-06 | 80.580 | 75.000 | 80.578 | - | - | 1 |
| 2026Q1 | 2026-05-06 | -12.590 | -4.005 | -12.585 | 517.8 | - | 1 |
| 2025Q4 | 2026-02-06 | 327.23 | 379.45 | 327.23 | 1,604 | - | 1 |
| 2025Q3 | 2025-11-06 | 44.180 | 57.003 | 44.173 | 864.2 | - | 1 |
| 2025Q2 | 2025-08-07 | 47.750 | 57.005 | 47.730 | 689.2 | - | 1 |
| 2025Q1 | 2025-05-07 | 13.190 | -14.001 | 13.224 | 577.8 | - | 1 |
| 2024Q4 | 2025-02-07 | -50.780 | -33.000 | -50.153 | 358 | - | 1 |
| 2024Q3 | 2024-11-06 | 69.680 | 98.998 | 69.689 | 839.1 | - | 1 |
| 2024Q2 | 2024-08-07 | -21.240 | -25.996 | -21.289 | 395.4 | - | 1 |
| 2024Q1 | 2024-05-09 | 92.330 | 105 | 92.331 | 647.3 | - | 1 |
| 2023Q4 | 2024-02-07 | 111.87 | 113.13 | 110.29 | 736.8 | - | 1 |
| 2023Q3 | 2023-11-06 | 9.190 | -12.004 | 9.235 | 519.6 | - | 1 |
| 2023Q2 | 2023-08-07 | 7.650 | 5.001 | 7.644 | 378.4 | - | 1 |
| 2023Q1 | 2023-05-09 | 69.830 | 75.996 | 69.836 | 531.9 | - | 1 |
| 2022Q4 | 2023-02-07 | 15.690 | 40.004 | 15.512 | 437.6 | - | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2017FY | 11.560 | -10.062 | 14.672 | - | - |
| 2018FY | -36.670 | -12.851 | -36.620 | - | - |
| 2019FY | 130.02 | 118.5 | 130.02 | - | - |
| 2020FY | 227.72 | 210 | 227.72 | - | - |
| 2021FY | -95.530 | -105 | -96.664 | - | - |
| 2022FY | -38.340 | 297.26 | -32.800 | - | - |
| 2023FY | 198.6 | 200 | 198.63 | - | - |
| 2024FY | 89.790 | 107.6 | 89.803 | - | - |
| 2025FY | 430.14 | 480 | 430.14 | 1,128 | - |
| 2026FY | - | 106.2 | - | - | - |
| 2027FY | - | 130 | - | - | - |
| 2028FY | - | 135 | - | - | - |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | E | 2026-11-05 | 1 | 0 | 0 | 51.15 | 51.15 | 51.15 |
| 2026Q3 | E | 2026-10-01 | 1 | 0 | 1 | 2.50 | 2.50 | 2.50 |
| 2026Q3 | E | 2026-08-07 | 1 | 0 | 0 | 34.00 | 34.00 | 34.00 |
| 2026Q2 | E | 2026-06-30 | 1 | 1 | 0 | 75.00 | 75.00 | 75.00 |
| 2026Q2 | E | 2026-05-08 | 1 | 0 | 0 | 27.00 | 27.00 | 27.00 |
| 2026Q1 | E | 2026-04-01 | 1 | 0 | 1 | -4.00 | -4.00 | -4.00 |
| 2026Q1 | E | 2026-02-12 | 1 | 0 | 0 | 13.00 | 13.00 | 13.00 |
| 2026FY | E | 2026-10-01 | 1 | 0 | 1 | 106.2 | 106.2 | 106.2 |
| 2026FY | E | 2026-09-13 | 1 | 0 | 0 | 134 | 134 | 134 |
| 2026FY | E | 2026-06-30 | 1 | 1 | 0 | 134 | 134 | 134 |
| 2026FY | E | 2026-04-01 | 1 | 0 | 0 | 115 | 115 | 115 |
| 2026FY | E | 2026-02-12 | 1 | 0 | 0 | 115 | 115 | 115 |
| 2026FY | E | 2026-02-06 | 1 | 0 | 0 | 115 | 115 | 115 |
| 2026FY | E | 2026-01-02 | 1 | 0 | 0 | 115 | 115 | 115 |
Estimate history
| EPS, annual | 14.672 | -36.62 | 130.018 | 227.721 | -96.664 | -32.8 | 198.631 | 89.803 | 430.139 | 377.4742 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| EPS, quarterly | 69.689 | -50.153 | 13.224 | 47.73 | 44.173 | 327.23 | -12.585 | 80.578 | -17.749 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Sales, annual | 373.8 | 369.1 | 893.4 | 1180.7 | 614.4 | 1157.9 | 2166.7 | 2239.8 | 2885.7 | 2755.6 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| Sales, quarterly | 839.1 | 358 | 577.8 | 689.2 | 864.2 | 754.5 | 515.4 | 844.6 | 641.1 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Shares, annual | 3.75 | 3.173 | 3.185 | 3.102 | 3.018 | 2.572 | 2.56 | 2.568 | 2.48 | 2.387 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ |
| Shares, quarterly | 2.568 | 2.568 | 2.574 | 2.575 | 2.575 | 2.48 | 2.477 | 2.387 | 2.387 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 2,755.60 | 2,885.70 | 2,239.80 | 2,166.70 | 1,157.90 | 614.40 | 1,180.70 | 893.40 | 369.10 |
| Losses, Claims & Reserves | 808.10 | 882.20 | 888.50 | 726.80 | 536.40 | 314.80 | 0.00 | 0.00 | 0.00 |
| Selling, General and Administrative Incl. Other | 1,438.50 | 1,272.70 | 912.50 | 763.10 | 727.33 | 552.70 | 503.10 | 458.20 | 537.80 |
| Operating Income before Interest Expense | 509.00 | 730.80 | 438.80 | 676.80 | -105.83 | -253.10 | 677.60 | 435.20 | -168.70 |
| Interest Expense | 81.90 | 78.40 | 60.80 | 62.70 | 40.30 | 20.50 | 29.50 | 17.60 | 9.50 |
| Unusual Expense | 170.50 | 173.00 | 61.30 | 48.70 | - | 1.00 | 2.90 | 12.50 | - |
| Net Income Before Taxes | 1,108.30 | 1,328.70 | 316.70 | 565.40 | -149.40 | -273.60 | 645.20 | 405.10 | -178.20 |
| Income Taxes | 119.30 | 126.90 | 32.60 | -15.50 | 41.40 | 44.40 | -20.50 | 29.30 | -4.00 |
| Consolidated Net Income | 977.00 | 1,188.30 | 281.10 | 573.70 | -189.50 | -314.80 | 656.40 | 370.50 | -172.80 |
| Net Income From Continuing Operations | 944.20 | 1,090.10 | 227.40 | 502.00 | -109.10 | -268.30 | 701.70 | 408.40 | -122.60 |
| Net Income | 944.20 | 1,090.10 | 227.40 | 502.00 | -92.70 | -290.90 | 701.70 | 408.40 | -122.40 |
| EPS (Recurring) | 451.59 | 477.92 | 106.75 | 212.12 | -32.80 | -89.47 | 228.38 | 132.80 | -36.62 |
| EPS (Basic, Before Extraordinaries) | 377.47 | 430.14 | 89.80 | 198.63 | -32.80 | -96.66 | 227.72 | 130.02 | -36.62 |
| EPS (Diluted) | 377.47 | 430.14 | 89.80 | 198.63 | -32.80 | -96.66 | 227.72 | 130.02 | -36.62 |
| Non-Operating Income (Expense) | 851.70 | 849.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other After Tax Adjustments | -12.00 | -13.50 | -3.00 | -7.20 | 1.30 | 3.20 | -9.30 | -5.30 | 1.40 |
| Stock Option Compensation Expense | - | - | - | - | - | - | - | - | 9.24 |
| Price To Earnings Ratio | 6.04 | 6.04 | 7.75 | 14.72 | - | - | 4.39 | 8.58 | - |
| Price To Sales Ratio | 1.71 | 1.82 | 2.20 | 1.76 | 3.45 | 5.02 | 2.61 | 3.92 | 7.77 |
| Operating Margin | 18.47 | 25.32 | 19.59 | 31.24 | -9.14 | -41.19 | 57.39 | 48.71 | -45.71 |
| Net Margin | 34.26 | 37.78 | 10.15 | 23.17 | -8.01 | -47.35 | 59.43 | 45.71 | -33.16 |
| Shares Outstanding | 2.39 | 2.48 | 2.57 | 2.56 | 2.57 | 3.02 | 3.10 | 3.19 | 3.17 |
| Market Capitalization | 5,441.95 | 5,441.95 | 4,995.21 | 3,853.50 | 3,643.64 | 3,059.72 | 3,104.06 | 3,552.90 | 2,728.31 |
| Operating Income after Interest Expense | - | 652.40 | 378.00 | 614.10 | -146.13 | -273.60 | 648.10 | 417.60 | -178.20 |
| Reserves Increase (Decrease) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 641.10 | 844.60 | 515.40 | 754.50 | 864.20 | 689.20 | 577.80 | 358.00 |
| Losses, Claims & Reserves | 230.10 | 175.60 | 207.00 | 195.40 | 258.50 | 166.50 | 261.80 | 221.90 |
| Selling, General and Administrative Incl. Other | 383.50 | 361.50 | 307.00 | 386.50 | 370.90 | 299.20 | 216.10 | 228.90 |
| Operating Income before Interest Expense | 27.50 | 307.50 | 1.40 | 172.60 | 234.80 | 223.50 | 99.90 | -92.80 |
| Interest Expense | 20.70 | 19.80 | 19.30 | 22.10 | 19.90 | 18.60 | 17.80 | 14.10 |
| Operating Income after Interest Expense | 6.80 | 287.70 | -17.90 | 150.50 | 214.90 | 204.90 | 82.10 | -106.90 |
| Unusual Expense | 30.00 | 31.70 | 10.00 | 98.80 | 36.10 | 28.40 | 9.70 | 13.80 |
| Net Income Before Taxes | -23.20 | 256.00 | -25.50 | 901.00 | 178.80 | 176.50 | 72.40 | -120.70 |
| Income Taxes | 6.40 | 24.80 | 0.80 | 87.30 | 17.10 | 12.90 | 9.60 | 3.70 |
| Consolidated Net Income | -29.10 | 228.60 | -26.00 | 803.50 | 160.20 | 162.00 | 62.50 | -122.80 |
| Net Income From Continuing Operations | -41.80 | 194.00 | -30.80 | 822.80 | 112.30 | 121.30 | 33.60 | -128.80 |
| Net Income | -41.80 | 194.00 | -30.80 | 822.80 | 112.30 | 121.30 | 33.60 | -128.80 |
| EPS (Recurring) | -8.83 | 89.79 | -9.73 | 354.74 | 54.11 | 55.55 | 15.90 | -46.39 |
| EPS (Basic, Before Extraordinaries) | -17.75 | 80.58 | -12.59 | 327.23 | 44.17 | 47.73 | 13.22 | -50.15 |
| EPS (Diluted) | -17.75 | 80.58 | -12.59 | 327.23 | 44.17 | 47.73 | 13.22 | -50.15 |
| Non-Operating Income (Expense) | 0.00 | 0.00 | 2.40 | 849.30 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other After Tax Adjustments | 0.50 | -2.60 | 0.30 | -10.20 | -1.50 | -1.60 | -0.30 | 1.60 |
| Price To Earnings Ratio | 6.04 | 5.10 | 5.08 | 37.80 | 20.77 | 156.56 | 21.26 | 7.75 |
| Price To Sales Ratio | 1.71 | 1.68 | 1.90 | 1.81 | 1.71 | 1.85 | 2.25 | 2.25 |
| Operating Margin | 4.29 | 36.41 | 0.27 | 22.88 | 27.17 | 32.43 | 17.29 | -25.92 |
| Net Margin | -6.52 | 22.97 | -5.98 | 109.05 | 12.99 | 17.60 | 5.82 | -35.98 |
| Shares Outstanding | 2.39 | 2.39 | 2.48 | 2.48 | 2.58 | 2.58 | 2.57 | 2.57 |
| Market Capitalization | 5,441.95 | 5,135.10 | 5,420.03 | 5,285.97 | 4,304.43 | 4,621.70 | 4,893.12 | 4,995.21 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY | 2017FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Cash | 184.90 | 266.40 | 122.40 | 255.00 | 147.70 | 857.50 | 161.00 | 110.30 | 97.10 |
| Investments | 6,350.20 | 6,477.60 | 6,388.70 | 5,170.00 | 4,257.50 | 2,939.10 | 2,947.20 | 2,541.20 | 3,380.70 |
| Premium Balance Receivables - Insurance | 905.50 | 858.30 | 617.70 | 550.70 | 422.90 | 83.60 | 77.50 | 50.40 | 4.50 |
| Net Property, Plant & Equipment | 51.20 | 32.60 | 20.30 | 25.20 | 28.10 | 37.60 | 22.60 | 0.00 | 0.00 |
| Investment in Unconsolidated Affiliates | 1,973.70 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 2,004.90 | 1,701.70 | 794.80 | 793.10 | 1,629.00 | 913.60 | 774.90 | 659.00 | 176.90 |
| Total Assets | 11,470.40 | 9,336.60 | 7,943.90 | 6,794.00 | 6,485.20 | 4,831.40 | 3,983.20 | 3,362.60 | 3,659.20 |
| Insurance Policy Liabilities - Insurance | 3,022.10 | 2,779.50 | 2,232.50 | 1,622.70 | 1,141.40 | 237.50 | 198.40 | 176.00 | 136.80 |
| Total Debt | 919.60 | 590.70 | 586.60 | 1,166.10 | 693.00 | 414.70 | 306.30 | 192.70 | 23.80 |
| Long Term Debt | 910.40 | 583.40 | 586.60 | 1,160.70 | 693.00 | 402.50 | 297.60 | 187.50 | 20.70 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 1,273.60 | 835.40 | 563.20 | 70.20 | 946.10 | 361.30 | 333.80 | 275.70 | 137.80 |
| Total Liabilities | 5,215.30 | 4,205.60 | 3,382.30 | 2,859.00 | 2,780.50 | 1,013.50 | 838.50 | 644.40 | 298.40 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 5,425.40 | 4,483.70 | 4,240.50 | 3,746.90 | 3,548.10 | 3,906.00 | 3,261.50 | 2,843.10 | 3,492.50 |
| Total Shareholders Equity | 5,425.40 | 4,483.70 | 4,240.50 | 3,746.90 | 3,548.10 | 3,906.00 | 3,261.50 | 2,843.10 | 3,492.50 |
| Accumulated Minority Interest | 829.70 | 647.30 | 321.10 | 188.10 | 156.60 | -88.10 | -116.80 | -124.90 | -131.70 |
| Total Equity | 6,255.10 | 5,131.00 | 4,561.60 | 3,935.00 | 3,704.70 | 3,817.90 | 3,144.70 | 2,718.20 | 3,360.80 |
| Total Liabilities & Stockholders Equity | 11,470.40 | 9,336.60 | 7,943.90 | 6,794.00 | 6,485.20 | 4,831.40 | 3,983.20 | 3,362.60 | 3,659.20 |
| Book Value Per Share | 2,187.95 | 1,745.89 | 1,656.15 | 1,456.72 | 1,175.73 | 1,259.18 | 1,023.91 | 896.00 | 931.29 |
| Tangible Book Value Per Share | 1,776.52 | 1,465.41 | 1,511.41 | 1,304.16 | 1,062.90 | 1,006.96 | 818.37 | 726.60 | 914.73 |
| Full-Time Employees | 1,648 | 893 | 782 | 803 | 1,648 | 1,366 | 1,262 | 1,058 | 276 |
| Price to Book Ratio | 1.02 | 1.08 | 0.98 | 0.98 | 0.86 | 0.79 | 1.09 | 0.96 | 0.92 |
| Return on Assets | 10.48 | 2.63 | 6.81 | -1.64 | -4.74 | 15.92 | 11.12 | -3.49 | 1.00 |
| Return on Equity | 22.00 | 5.21 | 12.57 | -2.99 | -7.20 | 19.58 | 13.38 | -3.87 | 1.38 |
| Return on Invested Capital | 17.21 | 4.49 | 10.40 | -1.89 | -6.86 | 16.29 | 11.47 | -4.04 | 1.77 |
| Current Ratio | 1.47 | 1.16 | 1.82 | 1.72 | 1.11 | 5.56 | 3.45 | 3.25 | 3.94 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Funds from Operations | 412.70 | 419.40 | 481.20 | 262.90 | 147.30 | 124.20 | 42.60 | -30.40 | -30.60 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 124.70 | 248.40 | 301.30 | 258.10 | 286.70 | -26.00 | -55.40 | -67.00 | 7.90 |
| Cash from Operating Activities | 537.40 | 667.80 | 782.50 | 521.00 | 434.00 | 98.20 | -12.80 | -97.40 | -22.70 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Assets From Acquisitions | -421.30 | -414.20 | -252.90 | -12.00 | -89.50 | 0.00 | -127.80 | -279.10 | -296.90 |
| Sale of Fixed Assets and Businesses | 760.00 | 747.20 | 27.00 | 99.10 | 1,548.00 | 80.00 | 71.30 | 56.50 | 1.30 |
| Purchase or Sale of Investments | -864.80 | -1,205.30 | -432.00 | -744.70 | -1,256.70 | -918.90 | 768.70 | 196.00 | 753.60 |
| Purchase of Investments | -3,313.80 | -2,454.20 | -1,988.80 | -1,467.90 | -1,643.90 | -1,640.80 | -648.30 | -746.70 | -1,433.40 |
| Sale Or Maturity of Investments | 2,449.00 | 1,248.90 | 1,556.80 | 723.20 | 387.20 | 721.90 | 1,417.00 | 942.70 | 2,187.00 |
| Other Uses | -0.10 | -0.10 | -4.20 | -3.40 | -74.40 | -15.20 | -646.70 | -27.30 | -4.20 |
| Other Sources | 8.40 | 24.20 | 25.30 | 70.00 | 28.30 | 650.10 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -517.80 | -848.20 | -636.80 | -591.00 | 155.70 | -204.00 | 65.50 | -53.90 | 453.80 |
| Cash Dividends Paid | -2.40 | -2.60 | -2.50 | -2.60 | -3.00 | -3.10 | -3.20 | -3.20 | -3.80 |
| Change in Capital Stock | -409.50 | -202.60 | -7.90 | -32.70 | -615.80 | -107.50 | -78.50 | 62.70 | -511.90 |
| Repurchase of Common Pref Stock | -409.50 | -202.60 | -7.90 | -32.70 | -615.80 | -107.50 | -78.50 | 0.00 | -511.90 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 62.70 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 62.70 | 0.00 |
| Issuance or Reduction of Debt, Net | 161.50 | 277.20 | -1.50 | -13.30 | 157.10 | 281.60 | 80.10 | 183.50 | 68.70 |
| Change in Long Term Debt | 161.50 | 277.20 | -1.50 | -13.30 | 157.10 | 281.60 | 80.10 | 183.50 | 68.70 |
| Issuance of Long Term Debt | 343.20 | 294.70 | 36.60 | 12.40 | 213.80 | 401.70 | 84.60 | 206.40 | 84.10 |
| Reduction of Long Term Debt | -181.70 | -17.50 | -38.10 | -25.70 | -56.70 | -120.10 | -4.50 | -22.90 | -15.40 |
| Net Financing Active Other Cash Flow | 23.00 | 27.60 | 10.20 | -14.00 | -0.10 | -21.80 | -20.20 | -47.90 | 33.10 |
| Other Financing Activities Uses | 21.00 | 0.00 | 0.00 | -14.00 | -10.10 | -21.80 | -20.20 | -47.90 | -20.70 |
| Cash from Financing Activities | -227.40 | 99.60 | -1.70 | -62.60 | -461.80 | 149.20 | -21.80 | 195.10 | -413.90 |
| Exchange Rate Effect | - | - | - | - | 4.00 | 0.20 | -2.80 | 0.60 | -0.60 |
| Net Change in Cash | -207.80 | -80.80 | 144.00 | -132.60 | 131.90 | 43.60 | 28.10 | 44.40 | 114.70 |
| Free Cash Flow | 537.40 | 667.80 | 782.50 | 521.00 | 434.00 | 98.20 | -12.80 | -97.40 | -22.70 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Price to Free Cash Flow | 8.83 | 7.92 | 6.31 | 7.34 | 9.27 | 32.44 | - | - | - |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Total Cash | 167.00 | 127.50 | 135.90 | 184.90 | 337.40 | 337.80 |
| Investments | 6,068.00 | 5,912.00 | 6,162.60 | 6,350.20 | 5,374.80 | 5,410.30 |
| Net Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 51.20 | 0.00 | 0.00 |
| Investment in Unconsolidated Affiliates | 2,212.90 | 2,222.40 | 2,190.80 | 1,973.70 | 1,623.80 | 1,388.30 |
| Other Intangible Assets | 2,550.70 | 2,558.00 | 2,139.20 | 2,004.90 | 2,885.20 | 2,128.60 |
| Total Assets | 12,286.50 | 12,372.70 | 11,989.60 | 11,470.40 | 11,420.80 | 10,778.80 |
| Insurance Policy Liabilities - Insurance | 3,441.20 | 3,422.00 | 3,371.30 | 3,022.10 | 3,321.20 | 3,464.90 |
| Total Debt | 928.60 | 932.50 | 834.80 | 919.60 | 765.80 | 694.60 |
| Long Term Debt | 928.60 | 932.50 | 834.80 | 910.40 | 765.80 | 694.60 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 1,690.40 | 1,766.20 | 1,607.50 | 1,273.60 | 1,616.70 | 1,279.10 |
| Total Liabilities | 6,060.20 | 6,120.70 | 5,813.60 | 5,215.30 | 5,703.70 | 5,438.60 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 5,353.10 | 5,388.30 | 5,373.50 | 5,425.40 | 4,767.60 | 4,644.50 |
| Total Shareholders Equity | 5,353.10 | 5,388.30 | 5,373.50 | 5,425.40 | 4,767.60 | 4,644.50 |
| Accumulated Minority Interest | 873.20 | 863.70 | 802.50 | 829.70 | 949.50 | 695.70 |
| Total Equity | 6,226.30 | 6,252.00 | 6,176.00 | 6,255.10 | 5,717.10 | 5,340.20 |
| Total Liabilities & Stockholders Equity | 12,286.50 | 12,372.70 | 11,989.60 | 11,470.40 | 11,420.80 | 10,778.80 |
| Book Value Per Share | 2,242.77 | 2,257.62 | 2,169.65 | 2,187.95 | 1,851.38 | 1,803.59 |
| Tangible Book Value Per Share | 1,752.83 | 1,761.66 | 1,761.16 | 1,776.52 | 1,443.68 | 1,490.83 |
| Full-Time Employees | - | - | - | 1,648 | - | - |
| Price to Book Ratio | 1.02 | 0.96 | 1.00 | 1.12 | 0.93 | 1.02 |
| Return on Assets | 7.97 | 9.49 | 9.29 | 10.48 | 1.32 | 2.02 |
| Return on Equity | 18.66 | 21.89 | 20.75 | 22.00 | 2.95 | 4.47 |
| Return on Invested Capital | -0.67 | 3.07 | -0.50 | 12.99 | 2.03 | 2.27 |
| Current Ratio | 1.11 | 1.15 | 1.29 | 1.47 | 1.33 | 1.46 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Funds from Operations | 197.50 | 69.80 | 48.20 | 97.20 | 199.10 | 79.60 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 202.70 | -30.80 | -11.40 | -35.80 | 235.30 | 110.70 |
| Cash from Operating Activities | 400.20 | 39.00 | 36.80 | 61.40 | 434.40 | 190.30 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Assets From Acquisitions | -98.00 | -251.30 | 0.00 | -72.00 | -271.50 | -70.70 |
| Sale of Fixed Assets and Businesses | 1.20 | -23.90 | 36.70 | 746.00 | 0.50 | 0.10 |
| Purchase or Sale of Investments | -278.90 | 437.80 | -58.40 | -965.30 | -119.40 | -133.30 |
| Purchase of Investments | -482.50 | -712.20 | -767.00 | -1,352.10 | -303.30 | -484.40 |
| Sale Or Maturity of Investments | 203.60 | 1,150.00 | 708.60 | 386.80 | 183.90 | 351.10 |
| Other Uses | 28.80 | -15.10 | -13.70 | -0.10 | 0.00 | 27.30 |
| Other Sources | 4.70 | 0.00 | 0.00 | 3.70 | 20.40 | 0.10 |
| Cash from Investing Activities | -342.20 | 147.50 | -35.40 | -287.70 | -370.00 | -176.50 |
| Cash Dividends Paid | 0.00 | 0.00 | -2.40 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.00 | -190.90 | -25.90 | -192.70 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | -190.90 | -25.90 | -192.70 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -4.50 | 97.90 | -2.30 | 70.40 | 77.60 | 13.90 |
| Change in Long Term Debt | -4.50 | 97.90 | -2.30 | 70.40 | 77.60 | 13.90 |
| Issuance of Long Term Debt | 2.70 | 251.80 | 6.40 | 82.30 | 80.90 | 15.20 |
| Reduction of Long Term Debt | -7.20 | -153.90 | -8.70 | -11.90 | -3.30 | -1.30 |
| Net Financing Active Other Cash Flow | -7.40 | -10.20 | -19.40 | 60.00 | -5.60 | -1.90 |
| Other Financing Activities Uses | -1.00 | -18.70 | -19.40 | 60.10 | -2.20 | -16.80 |
| Cash from Financing Activities | -11.90 | -103.20 | -50.00 | -62.30 | 72.00 | 12.00 |
| Net Change in Cash | 46.10 | 83.30 | -48.60 | -288.60 | 136.40 | 25.80 |
| Free Cash Flow | 400.20 | 39.00 | 36.80 | 61.40 | 434.40 | 190.30 |
| Price to Free Cash Flow | 8.83 | 8.77 | 7.46 | 7.85 | 6.13 | 7.83 |
Revenue breakdown
| United States | 2024: 2.24B 2025: 3.74B |
|---|---|
| Total Fire, Marine & Casualty Insurance revenue | 2024: 2.24B 2025: 3.74B |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 5.59% | 0.1M | 2.3M | 21.09K |
| 2026-10-15 | 6.36% | 0.1M | 2.3M | 20.07K |
| 2026-09-30 | 6.05% | 0.1M | 2.3M | 19.85K |
| 2026-09-15 | 5.86% | 0.1M | 2.3M | 19.77K |
| 2026-08-31 | 5.70% | 0.1M | 2.3M | 20.56K |
| 2026-08-14 | 5.90% | 0.1M | 2.3M | 20.81K |
| 2026-07-31 | 5.93% | 0.1M | 2.3M | 20.82K |
| 2026-07-15 | 5.76% | 0.1M | 2.4M | 20.38K |
| 2026-06-30 | 5.20% | 0.1M | 2.4M | 20.45K |
| 2026-06-15 | 4.97% | 0.1M | 2.4M | 20.26K |
| 2026-05-29 | 3.79% | 0.1M | 2.4M | 19.35K |
| 2026-05-15 | 3.66% | 0.1M | 2.4M | 18.53K |
| 2026-04-30 | 3.25% | 0.1M | 2.4M | 17.48K |
| 2026-04-15 | 3.00% | 0.1M | 2.4M | 18.00K |
| 2026-03-31 | 3.44% | 0.1M | 2.4M | 18.00K |
| 2026-03-13 | 3.66% | 0.1M | 2.4M | 18.12K |
| 2026-02-27 | 3.14% | 0.1M | 2.4M | 18.10K |
| 2026-02-13 | 2.88% | 0.1M | 2.4M | 18.65K |
| 2026-01-30 | 3.38% | 0.1M | 2.4M | 19.57K |
| 2026-01-15 | 2.99% | 0.1M | 2.4M | 21.20K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-05 | 8-K | Current report | 2026-11-05 | SEC |
| 2026-11-05 | SCHEDULE 13D/A | SEC | ||
| 2026-11-05 | 4 | Statement of changes in beneficial ownership of securities | 2026-11-04 | SEC |
| 2026-10-30 | SCHEDULE 13D/A | SEC | ||
| 2026-08-31 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-31 | SEC |
| 2026-08-27 | 8-K | Current report | 2026-08-26 | SEC |
| 2026-08-27 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-26 | SEC |
| 2026-08-27 | 3 | Initial statement of beneficial ownership of securities | 2026-08-26 | SEC |
| 2026-08-26 | N-PX | Annual Report of Proxy Voting Record of Registered Management Investment Companies filed on Form N-PX | 2026-06-30 | SEC |
| 2026-08-12 | 13F-HR | Further understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff); | 2026-06-30 | SEC |
| 2026-08-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-06 | 8-K | Current report | 2026-08-06 | SEC |
| 2026-06-30 | 11-K | Annual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d) | 2025-12-31 | SEC |
| 2026-06-05 | 8-K | Current report | 2026-06-05 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-21 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-21 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-21 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-21 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-21 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-21 | SEC |
| 2026-05-22 | 3 | Initial statement of beneficial ownership of securities | 2026-05-21 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-21 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-21 | SEC |
| 2026-05-22 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-21 | SEC |
| 2026-05-21 | 8-K | Current report | 2026-05-21 | SEC |
| 2026-05-15 | 8-K | Current report | 2026-05-14 | SEC |
| 2026-05-12 | 13F-HR | Further understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff); | 2026-03-31 | SEC |
| 2026-05-07 | SCHEDULE 13G/A | SEC | ||
| 2026-05-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 10.59M | 2 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| DIMENSIONAL FUND ADVISORS LP | 6.73% |
| River Road Asset Management, LLC | 4.95% |
| Neuberger Berman Group LLC | 4.81% |
| BlackRock, Inc. | 4.76% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4.52% |
| VANGUARD CAPITAL MANAGEMENT LLC | 4.34% |
| FULLER & THALER ASSET MANAGEMENT, INC. | 4.11% |
| COOKE & BIELER LP | 3.65% |
| Wallace Capital Management Inc. | 3.23% |
| FIDUCIARY MANAGEMENT INC /WI/ | 2.69% |
Funds
| Fund | % owned |
|---|---|
| Tax-Exempt Fund | 72.88% |
| Undiscovered Managers Behavioral Value Fund | 3.33% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 3.01% |
| Neuberger Genesis Fund | 2.75% |
| VANGUARD SMALL-CAP INDEX FUND | 2.18% |
| VANGUARD SELECTED VALUE FUND | 1.41% |
| VANGUARD SMALL-CAP VALUE INDEX FUND | 1.38% |
| U.S. SMALL CAP VALUE PORTFOLIO | 1.34% |
| Avantis U.S. Small Cap Value ETF | 1.34% |
| FMI Common Stock Fund | 1.33% |
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