WHITE MOUNTAINS INSURANCE GROUP LTD
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
WTM$2,280.00+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income,
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| Millions, except per share amounts | 2026 | 2025 | 2026 | 2025 |
| Net income (loss) attributable to White Mountains’s common shareholders | $(39.0) | $113.8 | $133.3 | $270.6 |
| Other comprehensive income (loss), net of tax | .1 | (.6) | .6 | 2.5 |
| Comprehensive income (loss) | (38.9) | 113.2 | 133.9 | 273.1 |
| Other comprehensive (income) loss attributable to noncontrolling interests | (.1) | .3 | (.1) | (.8) |
| Comprehensive income (loss) attributable to White Mountains’s common shareholders | $(39.0) | $113.5 | $133.8 | $272.3 |
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Earnings (loss) per share attributable to White Mountains’s common shareholders: | ||||
| Basic earnings (loss) per share | $(17.71) | $44.18 | $50.62 | $105.18 |
| Diluted earnings (loss) per share | $(17.71) | $44.18 | $50.62 | $105.18 |
| Dividends declared and paid per White Mountains’s common share | $— | $— | $1.00 | $1.00 |
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
| White Mountains’s Common Shareholders’ Equity | |||||||
|---|---|---|---|---|---|---|---|
| Millions | Common shares and paid-in surplus | Retained earnings | AOCI, after tax | Total | Nonredeemable noncontrolling interest | Total Equity | Redeemable noncontrolling interest |
| Balances as of June 30, 2026 | $566.0 | $4,821.0 | $1.3 | $5,388.3 | $732.2 | $6,120.5 | $131.5 |
| Net income (loss) | — | (39.0) | — | (39.0) | 12.8 | (26.2) | (3.4) |
| Other comprehensive income (loss), net of tax | — | — | — | — | .1 | .1 | — |
| Total comprehensive income (loss) | — | (39.0) | — | (39.0) | 12.9 | (26.1) | (3.4) |
| Dividends to noncontrolling interests | — | — | — | — | (2.8) | (2.8) | — |
| Issuances of common shares | .2 | — | — | .2 | — | .2 | — |
| Amortization of restricted share awards | 5.4 | — | — | 5.4 | — | 5.4 | — |
| Recognition of equity-based compensation expense of subsidiaries | .1 | — | — | .1 | 5.0 | 5.1 | .1 |
| Net contributions (distributions) and dilution from other noncontrolling interests | 3.0 | (1.6) | — | 1.4 | (5.4) | (4.0) | — |
| Adjustment to redeemable noncontrolling interest | — | (3.3) | — | (3.3) | — | (3.3) | 3.3 |
| Acquisition of noncontrolling interests | — | — | — | — | (.2) | (.2) | — |
| Balances as of September 30, 2026 | $574.7 | $4,777.1 | $1.3 | $5,353.1 | $741.7 | $6,094.8 | $131.5 |
| White Mountains’s Common Shareholders’ Equity | |||||||
|---|---|---|---|---|---|---|---|
| Millions | Common shares and paid-in surplus | Retained earnings | AOCI, after tax | Total | Nonredeemable noncontrolling interest | Total Equity | Redeemable noncontrolling interest |
| Balances as of June 30, 2025 | $576.6 | $4,067.6 | $.3 | $4,644.5 | $695.7 | $5,340.2 | $— |
| Net income (loss) | — | 113.8 | — | 113.8 | 48.7 | 162.5 | (.8) |
| Other comprehensive income (loss), net of tax | — | — | (.3) | (.3) | (.3) | (.6) | — |
| Total comprehensive income (loss) | — | 113.8 | (.3) | 113.5 | 48.4 | 161.9 | (.8) |
| Dividends to noncontrolling interests | — | — | — | — | (2.1) | (2.1) | — |
| Amortization of restricted share awards | 4.9 | — | — | 4.9 | — | 4.9 | — |
| Recognition of equity-based compensation expense of subsidiaries | 3.2 | — | — | 3.2 | 2.1 | 5.3 | — |
| Net contributions (distributions) and dilution from other noncontrolling interests | (.1) | 1.6 | — | 1.5 | (1.8) | (.3) | — |
| Acquisition of noncontrolling interests | — | — | — | — | 74.8 | 74.8 | 133.2 |
| Balances as of September 30, 2025 | $584.6 | $4,183.0 | $— | $4,767.6 | $817.1 | $5,584.7 | $132.4 |
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