I previously rated White Mountains Insurance (WTM) as a hold, waiting for the price to fall below book value before buying. Recent market volatility and tariff announcements caused WTM to drop below book value, triggering my interest. WTM made two strategic investments: $150m in Broad Street, a commercial P&C insurance broker, and an undisclosed sum in Enterprise Solutions, an electrical contractor.
White Mountains avoids competitive insurance sectors like auto and homeowners insurance, instead focusing on specialized, high-margin businesses where underwriting expertise is a key advantage. The company reported 7.9% growth in book value per share, a 12.35% free cash flow yield, and maintains a conservative balance sheet, reinforcing its ability. Trading at a 1.01x book value, significantly below peers like Markel (1.49x) and Chubb (1.8x), White Mountains presents a compelling long-term investment for those prioritizing steady returns over short-term momentum.
![]() WTM In 7 months Estimated | Annual | $1 Per Share |
![]() WTM 4 months ago Paid | Annual | $1 Per Share |
![]() WTM 8 Mar 2024 Paid | Annual | $1 Per Share |
![]() WTM 10 Mar 2023 Paid | Annual | $1 Per Share |
![]() WTM 11 Mar 2022 Paid | Annual | $1 Per Share |
![]() WTM 12 Mar 2021 Paid | Annual | $1 Per Share |
11 Aug 2025 (In 3 weeks) Date | | 18.5 Cons. EPS | - EPS |
7 May 2025 Date | | - Cons. EPS | 13.22 EPS |
5 Feb 2025 Date | | - Cons. EPS | - EPS |
4 Nov 2024 Date | | 99 Cons. EPS | 69.68 EPS |
7 Aug 2024 Date | | - Cons. EPS | - EPS |
![]() WTM In 7 months Estimated | Annual | $1 Per Share |
![]() WTM 4 months ago Paid | Annual | $1 Per Share |
![]() WTM 8 Mar 2024 Paid | Annual | $1 Per Share |
![]() WTM 10 Mar 2023 Paid | Annual | $1 Per Share |
![]() WTM 11 Mar 2022 Paid | Annual | $1 Per Share |
![]() WTM 12 Mar 2021 Paid | Annual | $1 Per Share |
11 Aug 2025 (In 3 weeks) Date | | 18.5 Cons. EPS | - EPS |
7 May 2025 Date | | - Cons. EPS | 13.22 EPS |
5 Feb 2025 Date | | - Cons. EPS | - EPS |
4 Nov 2024 Date | | 99 Cons. EPS | 69.68 EPS |
7 Aug 2024 Date | | - Cons. EPS | - EPS |
Insurance - Property & Casualty Industry | Financial Services Sector | George Manning Rountree CEO | NYSE Exchange | G9618E107 Cusip |
BM Country | 893 Employees | 17 Mar 2025 Last Dividend | - Last Split | 9 May 1986 IPO Date |