Quarterly ResultMay 6, 2026, 08:37 AM
White Mountains Q1 Net Loss $27.2M; EPS $(12.59)
AI Summary
White Mountains Insurance Group reported a net loss attributable to common shareholders of $27.2 million, or $(12.59) per share, for the first quarter of 2026, a significant decline from net income of $33.9 million, or $13.19 per share, in the same period last year. Total revenues decreased to $517.8 million, while total expenses rose to $543.3 million. The company's results were impacted by the sale of the Bamboo Group in December 2025, which contributed an incremental gain of $2.4 million in Q1 2026, and the acquisition of Distinguished in September 2025, which added $40.3 million in revenues.
Key Highlights
- Net loss attributable to common shareholders was $27.2 million for Q1 2026, compared to net income of $33.9 million in Q1 2025.
- Basic earnings per share was $(12.59) for Q1 2026, a decrease from $13.19 in Q1 2025.
- Total revenues decreased to $517.8 million in Q1 2026 from $577.8 million in Q1 2025.
- Total expenses increased to $543.3 million in Q1 2026 from $505.4 million in Q1 2025.
- Net cash provided from operations improved to $30.5 million in Q1 2026, from $(40.2) million used in Q1 2025.
- P&C Insurance and Reinsurance revenues were $376.3 million, down from $413.2 million in the prior year period.
- Specialty Insurance Distribution (Distinguished) generated $40.3 million in revenues, following its acquisition in September 2025.
- White Mountains deployed $125.0 million into Bishop Street, a diversified MGA platform, in February 2026.
Price Impact
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