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$WTM
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Consolidated balance sheets

In millions of USD, except per-share amounts
Q2 FY2026
As of Jun 30, 2026
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
Q3 FY2025
As of Sep 30, 2025
Q2 FY2025
As of Jun 30, 2025
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Q1 FY2024
As of Mar 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q3 FY2023
As of Sep 30, 2023
Q2 FY2023
As of Jun 30, 2023
Q1 FY2023
As of Mar 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q3 FY2022
As of Sep 30, 2022
Q2 FY2022
As of Jun 30, 2022
Q1 FY2022
As of Mar 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q3 FY2021
As of Sep 30, 2021
Assets
Fixed maturity investments, at fair value
Other Operations
Common equity securities, at fair value
Other Operations
Total common equity securities, at fair value
Investment in MediaAlpha, at fair value
Short-term investments, at fair value
Other long-term investments
Other Operations
Total other long-term investments
Investments
Other Operations
Total investments
Cash
Other Operations
Reinsurance recoverables
Insurance premiums receivable
Other Operations
Ceded unearned premiums
Goodwill and other intangible assets
Other Operations
Total goodwill and other intangible assets
Other assets
Other Operations
Other Operations
Total assets
Liabilities
Loss and loss adjustment expense reserves
P&C Insurance and Reinsurance (Ark/WM Outrigger)
Other Operations
Unearned insurance premiums
Other Operations
Debt
Other Operations
Total debt
Accrued incentive compensation
Other liabilities
Other Operations
Other Operations
Total liabilities
Redeemable noncontrolling interests
Other Operations
Total redeemable noncontrolling interests
Equity
White Mountains’s common shareholders’ equity
White Mountains’s common shares at $1 par value per share - authorized 50,000,000 shares; issued and outstanding 2,386,721 and 2,479,677 shares
Paid-in surplus
Retained earnings
Accumulated other comprehensive income (loss), after-tax:
Net unrealized gains (losses) from foreign currency translation and interest rate swap
Net unrealized gains (losses) from foreign currency translation
Other Operations
Total White Mountains’s common shareholders’ equity
Nonredeemable noncontrolling interests
Other Operations
Total nonredeemable noncontrolling interests
Total equity
Total liabilities, redeemable noncontrolling interests and equity

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