White Mountains Insurance Group, Ltd.

White Mountains Insurance Group reported strong financial results for fiscal year 2025, driven by a significant gain from the sale of the Bamboo Group. Total revenues were $3.73 billion, a substantial increase from the prior year, with total expenses of $2.41 billion. This resulted in a pre-tax income of $1.33 billion and net income attributable to common shareholders of $1.11 billion. The company's balance sheet remained robust with total assets of $12.31 billion and total equity of $6.12 billion. Operating cash flow was positive at $550.5 million, while investing activities used $666.9 million, primarily for investment purchases and acquisitions. The company ended the year with a cash balance of $255.0 million.

Key Takeaways