The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | 1,201,800 |
| Net realized and unrealized investment (gains) losses-Investments Excluding Media Alpha | 331,900 |
| Net realized and unrealized investment (gains) losses-Media Alpha | 29,600 |
| Net gain on sale of the bamboo group | 849,300 |
| Change in fair value of arks contingent consideration | 173,000 |
| Interest income from bam surplus notes subsequent to deconsolidation, net of interest payments received of 10.8 and 5.8-HGGlobal Segment-Operating Segments | 19,000 |
| Change in fair value of bam surplus notes | -37,500 |
| Unrealized loss on deconsolidation of bam | 0 |
| Deferred income tax expense (benefit) | 92,100 |
| Amortization of restricted share awards | 18,500 |
| Amortization (accretion) and depreciation | 9,000 |
| Net change in reinsurance recoverables | 247,100 |
| Net change in insurance premiums, commissions and fees receivable | 91,400 |
| Net change in deferred acquisition costs | 56,200 |
| Net change in loss and loss adjustment expense reserves | 367,700 |
| Net change in unearned insurance premiums | 172,700 |
| Net change in reinsurance payable | 136,700 |
| Net change in premiums and commissions payable | 27,000 |
| Net change in accrued incentive compensation from other operations | -22,900 |
| Contributions to kudus participation contracts | 195,100 |
| Proceeds from kudus participation contracts sold | 21,600 |
| Net other operating activities | -89,600 |
| Net cash provided from (used for) operations | 550,500 |
| Net change in short-term investments | 872,200 |
| Sales of fixed maturity investments | 607,400 |
| Maturities, calls and paydowns of fixed maturity investments | 390,500 |
| Sales of common equity securities and investment in mediaalpha | 251,000 |
| Distributions and redemptions of other long-term investments | 117,300 |
| Proceeds from the sale of bamboo group, nsm group and other operating businesses, net of cash sold of 135.0, 0.0 and 0.8 | 746,500 |
| Purchases of consolidated subsidiaries, net of cash acquired of 1.9, 44.9 and 0.0 | 349,500 |
| Release of cash (pre-funding) of investment purchases | 30,000 |
| Purchases of fixed maturity investments | 1,235,200 |
| Purchases of common equity securities and investment in mediaalpha | 30,600 |
| Purchases of other long-term investments | 286,200 |
| Payments of principal received on the bam surplus notes subsequent to deconsolidation | -24,200 |
| Impact to cash from deconsolidation of bam | 0 |
| Net other investing activities | 100 |
| Net cash provided from (used for) investing activities | -666,900 |
| Draw down of debt and revolving lines of credit | 294,700 |
| Repayment of debt and revolving lines of credit | 17,500 |
| Cash dividends paid to common shareholders | 2,600 |
| Repurchases and retirements of common shares | 202,600 |
| Bam member surplus contributions prior to deconsolidation | 0 |
| Contributions from other noncontrolling interests | 700 |
| Distributions to other noncontrolling interests | 64,700 |
| Net other financing activities | 27,600 |
| Net cash provided from (used for) financing activities | 35,600 |
| Net change in cash during the period | -80,800 |
| Cash balance at beginning of year | 266,400 |
| Cash balance at end of year | 185,600 |
WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)
WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)