Quarterly ResultAug 6, 2026, 08:56 AM
White Mountains Q2 Net Income $199.5M, EPS $80.58; YTD Operating Cash Flow Negative
AI Summary
White Mountains Insurance Group reported a significant increase in net income attributable to common shareholders for Q2 2026 to $199.5 million, up from $122.9 million in Q2 2025, with basic EPS rising to $80.58. Year-to-date net income also increased to $172.3 million. Total revenues for Q2 2026 grew to $844.6 million. However, the company reported negative operating cash flow of $25.0 million for the first six months of 2026, compared to positive cash flow in the prior year. The company also completed the sale of the Bamboo Group and made acquisitions of Distinguished and Basesix.
Key Highlights
- Net income attributable to common shareholders for Q2 2026 was $199.5M, up from $122.9M in Q2 2025.
- Basic EPS for Q2 2026 was $80.58, compared to $47.75 in Q2 2025.
- Total revenues for Q2 2026 increased to $844.6M from $689.2M in Q2 2025.
- Net cash used for operations was $25.0M for YTD 2026, a decrease from $137.3M provided in YTD 2025.
- Total assets stood at $13,766.7M as of June 30, 2026.
- Completed the sale of the Bamboo Group in Q1 2026, recognizing an incremental gain of $2.4M.
- Acquired a controlling financial interest in Basesix on April 1, 2026.
- WTM Partners became a separate reportable segment in Q2 2026.
Price Impact
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