White Mountains Insurance Group
Logotype for White Mountains Insurance Group Ltd

White Mountains Insurance Group (WTM) investor relations material

White Mountains Insurance Group Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for White Mountains Insurance Group Ltd
Q1 2026 earnings summary6 May, 2026

Executive summary

  • Book value per share decreased 1% to $2,170 in Q1 2026, including dividends, mainly due to a decline in MediaAlpha share price despite solid operating business results.

  • Comprehensive loss attributable to common shareholders was $27 million in Q1 2026 versus income of $35 million in Q1 2025.

  • Solid operating results in core businesses were offset by significant unrealized losses in MediaAlpha.

  • Notable capital deployments included $125 million into Bishop Street and two new acquisitions in Q2 2026, leaving undeployed capital at $0.8 billion.

Financial highlights

  • Total revenues were $518 million in Q1 2026, down from $578 million in Q1 2025.

  • Net loss attributable to common shareholders was $27 million in Q1 2026, compared to net income of $34 million in Q1 2025.

  • Basic and diluted EPS were $(12.59) in Q1 2026 versus $13.19 in Q1 2025.

  • Total consolidated portfolio return was 0.2% in Q1 2026 (1.0% excluding MediaAlpha), compared to 1.7% in Q1 2025 (2.3% excluding MediaAlpha).

  • Dividends paid per share were $1.00 in both Q1 2026 and Q1 2025.

Outlook and guidance

  • Management expects continued solid performance from operating businesses but notes ongoing risk from MediaAlpha share price volatility and exposure to the war in Iran.

  • Management sees opportunities for profitable growth in Ark despite softening market conditions.

  • Kudu maintains an active deal pipeline and expects continued resilience despite market volatility.

  • Distinguished continues to invest in technology and talent to drive organic growth.

  • No material changes to previously disclosed risk factors.

Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next White Mountains Insurance Group earnings date

Logotype for White Mountains Insurance Group Ltd
Q2 20267 Aug, 2026
White Mountains Insurance Group
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next White Mountains Insurance Group earnings date

Logotype for White Mountains Insurance Group Ltd
Q2 20267 Aug, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Explore our global coverage