White Mountains (WTM) Q2 Revenue Up 74%
White Mountains Insurance Group (NYSE:WTM), an insurance holding company known for property casualty (P) insurance, reinsurance, and specialty distribution, reported its second quarter 2025 results on August 7, 2025. The key news was earnings per share (GAAP) of $47.75 in Q2 2025, falling short of the $57.00 analyst estimate by 16.2%. Despite this miss, total revenue (GAAP) surged to $689.2 million, up 74.4% compared to the second quarter of 2024. Book value per share increased to $1,803.57 as of June 30, 2025, up from $1,722.02 a year earlier. The company delivered strong operating and book value results, but its bottom line was hampered by investment volatility and one-time catastrophe losses, resulting in an uneven performance across its business units.
Source: Analyst estimates for the quarter provided by FactSet.
White Mountains Insurance Group operates as a diversified Insurance holding company. Its principal businesses range from P Insurance and reinsurance underwriting to providing Insurance distribution and investment management services. The company’s subsidiaries include Ark (a global specialty property casualty Insurance and reinsurance underwriter), WM Outrigger (a P reinsurance business), Bamboo (a specialty managing general agent or MGA, meaning it designs and distributes Insurance but relies on partners to underwrite risk), HG Global (financial guarantee Insurance), and Kudu (asset management).
Source Fool.com
