WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) Form 10-Q — Aug 6, 2026

$WTMForm 10-QFiled Aug 6, 2026, 8:50 AM ET0001628280-26-053932Original filing

White Mountains Insurance Group reported Q2 2026 net income attributable to common shareholders of $199.5 million, up from $122.9 million a year earlier, with diluted EPS of $80.58 versus $47.75. Total revenues rose 22.5% year over year to $844.6 million. The quarter reflects an aggressive portfolio reshaping: White Mountains sold roughly 77.3% of the Bamboo Group to CVC affiliates for $847.9 million in net proceeds (total net gain of $818.7 million) and closed acquisitions of Basesix in April 2026 and Hawkeye Electric in May 2026, prompting WTM Partners to become a fifth reportable segment beginning in Q2 2026.

Key figures

Eps: Q2 2026: $80.58 diluted (vs $47.75 Q2 2025); H1 2026: $67.36 (vs $60.99)
Revenue: 844.6
Net Income: Q2 2026 net income attributable to White Mountains common shareholders: $199.5 million (vs $122.9 million)
Total Debt: $932.5 million
Revenue Yoy: +22.5% (Q2 2026 vs Q2 2025); +7.5% (H1 2026 vs H1 2025)
Total Assets: $13,766.7 million
Cash Position: $127.8 million consolidated cash at June 30, 2026 (includes $28.8 million restricted)
Shares Outstanding: 2386721
Ark Ownership: 72.1% basic shares (62.4% after management equity incentives)
Media Alpha Stake: 17.9 million shares, 29.1% basic ownership, fair value $224.5 million
Total Investments: $8,136.0 million
H1 Share Repurchases: $216.8 million
Bamboo Sale Net Proceeds: $847.9 million
Common Shareholders Equity: $5,388.3 million
Operating Cash Flow H1 2026: -$25.0 million (vs +$137.3 million H1 2025)
Net Investment Income Pre Tax: Q2 2026: $70.9 million (vs $61.4 million)
Bamboo Total Net Transaction Gain: $818.7 million
Dividends Declared Per Share H1 2026: $1.00

Price after filing

1 day: -0.3%7 days: +1.1%30 days: -0.7%

Close on the filing date to close N calendar days later (from $2117.86). Historical, not a forecast.

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