White Mountains Insurance Reports Q1 Revenue and EPS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2026
0mins
Source: moomoo
White Mountains Insurance Group's stock fell 3.29% and hit a 20-day low amid broader market gains, with the Nasdaq-100 up 1.96% and the S&P 500 up 1.48%.
The company reported a Q1 revenue of USD 517.8 million and an EPS of USD -12.59, indicating a challenging financial performance that may influence investor sentiment negatively. Despite the broader market strength, the disappointing earnings report could lead to a reassessment of the stock's value by investors.
This financial performance highlights the need for the company to address its earnings challenges moving forward, as it navigates a competitive insurance landscape.
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Analyst Views on WTM
About WTM
White Mountains Insurance Group, Ltd. is a diversified insurance and related financial services holding company that owns and manages businesses seeking a stable, sophisticated partner to drive value creation. Its segments include Ark/WM Outrigger, HG Global, and Kudu. Ark/WM Outrigger segment includes Ark Insurance Holdings Limited and its subsidiaries (Ark) and Outrigger Re Ltd. Ark is a specialty property and casualty insurance and reinsurance company that offers a wide range of niche insurance and reinsurance products, including property, specialty, marine & energy, casualty and accident & health. HG Global segment is engaged in the municipal bond reinsurance business. The Kudu segment consists of Kudu Investment Management, LLC and its subsidiaries. Kudu provides capital solutions for boutique asset and wealth managers for a variety of purposes, including generational ownership transfers, management buyouts, acquisition and growth finance and legacy partner liquidity.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Oversold Signal: White Mountains Insurance Group (WTM) shares fell to $1991.29 on Tuesday, with an RSI of 27.9 indicating oversold conditions, potentially attracting bullish investors seeking buying opportunities.
- Market Comparison: WTM's current RSI of 27.9 is significantly lower than the S&P 500 ETF (SPY) at 46.3, suggesting that the selling pressure on WTM may be easing, prompting investors to consider the potential for a rebound.
- Historical Performance: WTM's 52-week low is $1648 per share, while the high is $2333, with the last trade at $2004.76, indicating price fluctuations that could influence investor decisions based on historical performance.
- Investor Sentiment: As the stock approaches oversold territory, investors may reassess their strategies and consider increasing their positions as prices rebound, thereby impacting future market dynamics.
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- Loss in EPS: White Mountains Insurance reported a GAAP EPS of -$12.59 for Q1 2026, indicating significant challenges in profitability that could undermine investor confidence.
- Revenue Decline: The company generated revenue of $517.8 million, a 10.4% year-over-year decrease, reflecting a deteriorating market environment and intensified competition, which may lead to slowed future growth.
- Slight Drop in Book Value: As of March 31, 2026, the reported book value per share was $2,170, a 1% decrease for the first quarter, indicating a minor depreciation of company assets that could impact its capital adequacy.
- Hold Rating Maintained: Despite the poor financial performance, analysts maintain a 'Hold' rating on White Mountains Insurance, suggesting a cautious optimism regarding its long-term potential, which may attract risk-averse investors.
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- Q1 Revenue: White Mountains Insurance reported a revenue of USD 517.8 million for the first quarter.
- Financial Performance: The revenue figure indicates the company's financial performance during the specified period.
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- Earnings Report: White Mountains Insurance Group reported a Q1 EPS of $12.59, indicating strong financial performance.
- Market Impact: The earnings result may influence investor sentiment and stock performance in the insurance sector.
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- Acquisition Overview: White Mountains Partners announced the acquisition of Hawkeye Electric, a subsidiary of its portfolio company Enterprise Solutions, which specializes in commercial and institutional electrical contracting services, thereby expanding its market presence in Arizona.
- Stable Management: The founding and management team of Hawkeye will continue to oversee daily operations, ensuring continuity in customer service while leveraging the resources of Enterprise Solutions to enhance service capabilities.
- Market Expansion Opportunity: This acquisition allows Enterprise Solutions to enter the rapidly growing Arizona market, which is expected to significantly enhance its competitiveness in the electrical contracting industry and meet increasing market demand.
- Cultural Continuity for Employees: With Hawkeye's transition to a 100% Employee Stock Ownership Plan, the acquisition aims to enhance service capabilities while preserving and elevating the employee-driven culture, ensuring growth opportunities for employees in the new partnership.
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- Acquisition Deal: White Mountains Partners (WMP) has acquired a majority stake in BaseSix Systems, marking a strategic expansion for White Mountains (WTM) in the low-voltage building systems sector, which is expected to enhance its market position among commercial and institutional clients.
- Company Background: Founded in 2018 and headquartered in Marietta, Georgia, BaseSix specializes in providing design, installation, retrofit, maintenance, and repair services across various disciplines, including fire & life safety, network & wireless, security & access control, and audio-visual.
- Market Impact: This acquisition will enable White Mountains Partners to integrate BaseSix's expertise and services, thereby enhancing its competitiveness in critical infrastructure sectors and better meeting the growing market demand.
- Strategic Significance: Through this acquisition, White Mountains Partners not only strengthens its product portfolio but also solidifies its leadership position in the low-voltage systems market, which is expected to provide robust support for future business growth.
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