WHITE MOUNTAINS INSURANCE REPORTS Q4 REVENUE OF USD 1,603.8 MILLION
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Should l Buy WTM?
Source: moomoo
- Company Overview: White Mountains Insurance reported a revenue of USD 1,603.8 million for the fourth quarter.
- Financial Performance: The revenue figure indicates a significant financial performance for the company during this period.
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Analyst Views on WTM
About WTM
White Mountains Insurance Group, Ltd. is a diversified insurance and related financial services holding company that owns and manages businesses seeking a stable, sophisticated partner to drive value creation. Its segments include Ark/WM Outrigger, HG Global, and Kudu. Ark/WM Outrigger segment includes Ark Insurance Holdings Limited and its subsidiaries (Ark) and Outrigger Re Ltd. Ark is a specialty property and casualty insurance and reinsurance company that offers a wide range of niche insurance and reinsurance products, including property, specialty, marine & energy, casualty and accident & health. HG Global segment is engaged in the municipal bond reinsurance business. The Kudu segment consists of Kudu Investment Management, LLC and its subsidiaries. Kudu provides capital solutions for boutique asset and wealth managers for a variety of purposes, including generational ownership transfers, management buyouts, acquisition and growth finance and legacy partner liquidity.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Company Overview: White Mountains Insurance reported a revenue of USD 1,603.8 million for the fourth quarter.
- Financial Performance: The revenue figure indicates a significant financial performance for the company during this period.
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- Earnings Performance: White Mountains Insurance reported a GAAP EPS of $327.23 for Q4, exceeding market expectations and indicating a sustained profitability in its insurance operations, which is likely to have a positive impact on its stock price.
- Revenue Growth: The company recorded revenue of $1.60 million in Q4, reflecting stable performance in the market despite fluctuations compared to previous periods, which may attract more investor interest.
- Financial Health: The financial information from White Mountains Insurance reveals a strong balance sheet, enhancing market confidence in its long-term growth potential, which could facilitate future capital allocation and investment decisions.
- Dividend Performance: The company performed well in its dividend scorecard, further enhancing its appeal as a stable investment choice, which is expected to attract income-seeking investors.
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- New Investment Position: Triad Investment Management initiated a new stake in Macerich by acquiring 206,916 shares valued at approximately $3.82 million during the latest quarter, indicating confidence in the company's fundamentals despite prevailing market skepticism.
- Asset Allocation Insight: The new position represents 3.87% of Triad's reportable assets under management, highlighting the firm's strategic emphasis on Macerich within its diversified portfolio, potentially setting the stage for future growth.
- Market Performance Review: As of Thursday, Macerich shares were priced at $18.32, down 2.8% over the past year and underperforming the S&P 500 by 19.53 percentage points, reflecting the challenges faced by retail REITs in a high-interest-rate environment.
- Financial Health Overview: Despite reporting a net loss of $87.4 million in the third quarter, an improvement from a loss of $108.2 million a year earlier, Macerich's management remains focused on asset quality and financial discipline, which helps sustain operational performance amid broader market pressures.
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- Tender Offer Completion: White Mountains Insurance Group successfully completed its modified Dutch auction tender offer, purchasing 64,064 shares at $2,050 each for a total of approximately $131.3 million, reflecting the company's confidence in its stock value.
- Significant Share Impact: The repurchased shares represent about 2.5% of the company's outstanding shares as of November 19, 2025, which not only optimizes the capital structure but may also enhance earnings per share and shareholder returns.
- Clear Payment Arrangement: The company has committed to promptly pay for the accepted shares, expecting to have approximately 2,479,677 common shares outstanding post-payment, ensuring effective liquidity management.
- Market Reaction Anticipation: The tender offer was managed by BofA Securities and Barclays Capital, and it is expected to have a positive impact on the market, boosting investor confidence in the company's future prospects.
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- Tender Offer Completion: White Mountains successfully repurchased 64,064 shares at a final price of $2,050 each, totaling approximately $131.3 million, demonstrating the company's commitment to shareholder returns and enhancing market confidence.
- Increased Shareholder Value: The repurchased shares represent about 2.5% of the company's outstanding shares as of November 19, 2025, which is expected to boost earnings per share by reducing the total share count, thereby increasing investor appeal.
- Clear Payment Commitment: The company has pledged to make prompt payments for the repurchased shares, ensuring shareholder interests are prioritized and reinforcing market confidence in the company's financial stability.
- Market Reaction Anticipation: The tender offer was managed by BofA Securities and Barclays Capital, and it is expected to have a positive impact on the company's stock price, reflecting management's confidence in future growth prospects.
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- Buyback Plan: White Mountains Insurance Group announced a modified Dutch auction tender offer to repurchase up to $300 million in common shares, reflecting the company's confidence in its stock value.
- Share Count: As of December 19, 2025, approximately 67,186 shares were validly tendered at a purchase price of $2,050 per share, with an expected expenditure of about $137.7 million, representing 2.6% of the company's outstanding shares.
- Market Reaction: The implementation of this buyback plan is expected to enhance earnings per share, boost investor confidence, and potentially impact the company's future capital structure and shareholder return strategies.
- Next Steps: The company will promptly announce the final number of shares to be repurchased and the purchase price after confirming all valid tenders, ensuring transparency and safeguarding shareholder interests.
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