White Mountains Insurance Group, Ltd.

Financial Services · Insurance - Property & Casualty

2,028.60$ +0.0% vs. previous close Closing price · As of: Sep 25, 2026

Statements

Cash Flow

White Mountains Insurance Group, Ltd. (WTM) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Operating Cash Flow" came in at -25 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

Tick rows to compare them in a chart (up to 4)

Cash Flow WTM
Line item	Q3 16	Q4 16	Q1 17	Q2 17	Q3 17	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Operating Cash Flow	46	-13	-56	77	72	2.0	-45	19	-5.0	-0.6	-41	43	-74	-48	-60	21	51	-73	-93	107	74	-7.4	-6.1	50	122	208	86	71	223	25	37	241	269	64	-40	178	359	54	37	-25	425
Depreciation & Amortization	12	30	15	3.9	6.1	-3.5	4.8	4.0	9.6	7.3	8.3	3.7	7.8	10	7.1	10	9.8	16	13	15	5.4	21	4.3	4.1	-1.4	-2.7	-2.4	-2.6	-5.3	-7.5	-2.1	-2.7	-2.7	1.1	1.1	-0.8	2.3	6.4	4.8	14	28
Stock-Based Compensation	8.8	11	9.9	17	–	53	3.2	3.3	3.2	3.3	12	2.6	2.9	2.2	5.1	3.6	3.5	4.4	4.0	11	-2.9	3.6	2.9	3.6	16	-10	13	12	15	-24	23	–	-23	23	-51	-39	0.5	0.5	-52	9.5	-42
Adjustments to Net Income	-75	39	-51	-58	-574	117	53	-11	-52	128	-239	-39	625	-85	107	-163	-215	-597	9.5	-152	334	22	-14	87	-900	-87	-120	26	59	–	–	–	–	–	–	–	–	–	–	–	–
Change in Working Capital	-44	-55	-52	14	8.4	18	-39	38	2.8	1.8	-19	61	6.7	9.7	-39	63	31	31	-8.6	47	39	-46	-36	50	69	83	67	102	159	3.2	50	174	135	52	6.2	111	286	18	-11	-58	236
Capital Expenditures	23	1.1	0.4	0.3	0.1	0.4	0.1	2.3	2.0	2.4	1.9	1.9	0.0	84	0.0	64	434	440	103	161	40	8.2	0.0	0.0	0.0	0.0	0.0	15	15	29	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Investing Cash Flow	393	-74	39	-32	734	21	77	449	-18	-49	-43	-70	52	0.6	81	8.5	-61	37	364	-274	-260	-39	106	-1.7	251	116	-97	-126	-232	-89	101	-216	-190	-163	7.3	-164	-295	-215	-35	114	-432
Dividends Paid	4.7	6.9	4.6	4.6	0.4	1.1	3.8	3.1	1.5	1.4	3.2	3.2	34	3.2	3.2	3.2	3.0	0.2	3.1	0.1	1.2	0.1	3.0	3.0	3.0	0.1	2.6	2.6	2.6	0.0	2.5	0.0	2.5	2.5	2.6	2.6	2.6	2.6	2.4	2.4	10
Stock Buybacks / Issuance	-319	-20	-6.5	-2.7	-715	9.3	-8.4	-505	0.0	-7.2	-4.9	0.9	42	42	-48	-31	-78	0.5	-0.4	-7.4	-87	-13	-39	-67	-509	-5.3	-25	-7.4	-33	0.0	-8.1	0.0	-8.1	0.2	-9.9	-9.9	-9.9	-193	-26	-217	-445
Net Borrowings	-1.7	-3.1	-1.2	-1.1	-1.3	15	-2.3	47	-5.1	29	92	36	22	56	12	57	-2.7	13	12	-1.9	288	-16	0.2	200	0.7	-44	-20	8.9	-1.0	–	–	–	13	20	115	14	78	70	-2.3	98	244
Financing Cash Flow	-324	-20	-8.9	-2.3	-714	26	-9.6	-458	4.9	48	106	46	22	58	-44	46	13	35	6.5	5.2	169	-4.7	-33	146	-510	-47	-41	6.9	18	24	-34	4.5	11	20	79	12	73	-128	-50	-146	-251
Change in Cash	110	-95	-25	-72	-4.7	49	23	11	-19	-1.9	22	18	-1.1	12	-25	75	3.5	-3.6	277	-162	-16	-51	179	659	-741	9.3	-52	-48	8.3	-40	103	30	91	-80	46	26	136	-289	-49	-58	-259
Free Cash Flow	46	-5.6	-57	-10	72	2.0	-45	17	-5.0	-0.6	-41	43	-74	-48	-60	21	51	-73	-93	107	74	-7.4	-6.1	50	122	208	86	71	223	25	37	241	269	64	-40	178	359	54	37	-25	425

LTM = last twelve months (sum of the four most recent quarters).

Showing the most recent 40 periods — older statements are on file for this stock.

Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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