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White Mountains Insurance Group (WTM) investor relations material
White Mountains Insurance Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Book value per share rose 18% in Q4 and 25% for the year, reaching $2,188, driven by the Bamboo sale and strong operating results.
Comprehensive income attributable to shareholders was $837M in Q4 and $1,109M for the year, up from losses in Q4 2024.
Major one-time gain of $816M from the Bamboo transaction, with $320 per share impact on BVPS in 2025.
Share repurchases totaled $190M in Q4, with undeployed capital at $1B post-distribution.
Financial highlights
Net income attributable to shareholders was $836M in Q4 and $1,106M for the year, compared to a loss of $130M and income of $230M in 2024.
Basic EPS was $327.23 in Q4 and $430.14 for the year, up from $(50.78) and $89.79 in 2024.
Total revenues were $1.60B in Q4 and $3.74B for the year, up from $358M and $2.24B in 2024.
Consolidated portfolio return was 2.3% in Q4 and 9.1% for the year; excluding MediaAlpha, 2.0% and 8.9%.
Book value per share increased to $2,188 at year-end, up from $1,746 a year earlier.
Outlook and guidance
Ark expects continued opportunities for strong returns in 2026 despite a softening rate environment.
HG Global anticipates robust municipal market issuance in 2026.
Kudu remains focused on disciplined portfolio growth and high-quality opportunities in 2026.
- TimeTickerHeadlineOpen
- 6 FebJ
Strong growth, digital innovation, and margin expansion drive robust multi-year financial outlook. - 6 Feb004020
Operating profit rose on cost savings and high-value sales, with major US expansion underway. - 6 FebJOUT
Net sales up 31%, gross margin at 36.6%, and net loss narrowed to $3.3 million. - 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high. - 6 FebCRI
Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
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