US · WTM
White Mountains Insurance Group, Ltd.
- Sector
- Financial Services · Insurance - Property & Casualty
- Headquarters
- Hamilton HM 11
- Website
- whitemountains.com
Price · as of 2025-12-31
$2,163.50
Market cap 5.51B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $2,854.78 | +31.95% |
| Intrinsic Value(DCF) | $11,549.67 | +433.84% |
| Graham-Dodd Method(GD) | $4,274.74 | +97.58% |
| Graham Formula(GF) | $9,737.01 | +350.06% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $490.59 | $546.41 | $207.93 | $993.05 | $0.00 |
| 2012 | $551.95 | $290.50 | $187.40 | $645.26 | $598.07 |
| 2013 | $574.60 | $503.41 | $132.91 | $858.70 | $0.00 |
| 2014 | $665.14 | $1,155.82 | $0.00 | $878.66 | $599.63 |
| 2015 | $788.51 | $409.03 | $367.97 | $907.75 | $0.00 |
| 2016 | $914.41 | $706.13 | $240.48 | $1,093.50 | $0.00 |
| 2017 | $828.73 | $1,078.77 | $0.00 | $1,541.12 | $20,589.66 |
| 2018 | $914.55 | $844.50 | $0.00 | $508.68 | $0.00 |
| 2019 | $1,006.26 | $574.98 | $94.19 | $1,557.19 | $18,996.52 |
| 2020 | $1,175.72 | $1,626.17 | $230.31 | $2,401.99 | $1,913.94 |
| 2021 | $1,038.40 | $3,614.68 | $0.02 | $651.54 | $1,982.73 |
| 2022 | $1,380.85 | $804.12 | $12,357.21 | $2,649.99 | $26,000.36 |
| 2023 | $1,721.05 | $1,419.97 | $525,850.09 | $2,603.05 | $18,443.29 |
| 2024 | $1,888.94 | $1,398.92 | $62,814.42 | $2,037.52 | $1,488.37 |
| 2025 | $2,244.14 | $2,854.78 | $13,883.11 | $4,274.74 | $9,737.01 |
AI valuation
Our deep-learning model estimates White Mountains Insurance Group, Ltd.'s (WTM) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $2,854.78
- Current price
- $2,163.50
- AI upside
- +31.95%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$11,549.67
+433.84% upside
Graham-Dodd
$4,274.74
+97.58% upside
Graham Formula
$9,737.01
+350.06% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| WTM | White Mountains Insurance… | $2,163.50 | 5.51B | +32% | +434% | +98% | +350% | 5.18 | 1.06 | 2.12 | 4.53 | 1.37 | 1.40 | 53.72% | 49.08% | 40.87% | 22.33% | 24.14% | 9.95% | 0.15 | 22.60 | — | — | 0.46 | 37905.00% | 1499.00% | -10123.00% | -0.13% | — | -0.14% | 0.05% | 0.20% | 0.05% | 4.80 | -886.67 | 2.36 | 1.70 |
| CB | Chubb Limited | $340.86 | 134.15B | -33% | +24% | -7% | +7% | 13.18 | 1.84 | 2.28 | 13.24 | 98.75 | 2.87 | 46.22% | 38.90% | 17.30% | 14.97% | 33.88% | 3.97% | 0.00 | 30.34 | — | — | -0.25 | 1335.00% | 611.00% | -2080.00% | 9.43% | — | 23.01% | 0.00% | 0.00% | 11.38% | 5.76 | 10.41 | 2.24 | 0.92 |
| CNA | CNA Financial Corporation | $48.02 | 13B | -25% | -32% | -83% | +29% | 10.52 | 1.16 | 0.91 | 7.49 | 31.64 | 1.28 | 30.73% | 11.01% | 8.69% | 11.55% | 12.16% | 1.88% | 0.26 | 12.00 | — | — | 1.40 | 3324.00% | 510.00% | -291.00% | 17.89% | — | 22.87% | 7.79% | 81.90% | 8.04% | 8.44 | 5.69 | 0.93 | 0.68 |
| DGICA | Donegal Group Inc. | $17.62 | 639.97M | +187% | -52% | +91% | +2% | 6.85 | 0.85 | 0.56 | 5.58 | 16.14 | 0.95 | 42.30% | 9.98% | 8.11% | 13.38% | 19.18% | 3.36% | 0.05 | 72.24 | — | — | 0.08 | 4248.00% | -117.00% | -10000.00% | 0.00% | — | 0.00% | 0.00% | 0.00% | 0.00% | 5.66 | — | 0.56 | 0.92 |
| DGICB | Donegal Group Inc. | $16.50 | 606.81M | +204% | -51% | +104% | +9% | 6.47 | 0.80 | 0.52 | 5.27 | 15.22 | 0.90 | 42.30% | 9.98% | 8.11% | 13.38% | 19.18% | 3.36% | 0.05 | 72.24 | — | — | 0.08 | 4248.00% | -117.00% | -10000.00% | 0.00% | — | 0.00% | 0.00% | 0.00% | 0.00% | 5.34 | — | 0.53 | 0.91 |
| GBLI | Global Indemnity Group, L… | $28.83 | 412.96M | -1% | +105% | +53% | — | 10.57 | 0.66 | 1.04 | -12.08 | 14.99 | 0.68 | 18.28% | 12.46% | 9.80% | 6.46% | -9.84% | 2.50% | 0.02 | — | — | — | -0.11 | 7049.00% | -1646.00% | -945.00% | 8.50% | — | -8.84% | 4.34% | 45.90% | 4.45% | -13.35 | -18.89 | -1.66 | 0.84 |
| HMN | Horace Mann Educators Cor… | $43.51 | 1.77B | +126% | -42% | +24% | +57% | 11.39 | 1.25 | 1.09 | — | 19.89 | 1.99 | 100.00% | 77.11% | 9.53% | 11.70% | -90.15% | 1.09% | 0.40 | 36.04 | — | — | — | 5726.00% | 974.00% | -7832.00% | 5.31% | — | -8.36% | 0.00% | 0.00% | 0.00% | -2.52 | -33.70 | -1.94 | 0.63 |
| KMPR | Kemper Corporation | $32.32 | 1.9B | -18% | -60% | -52% | -17% | 14.05 | 0.75 | 0.42 | 10.35 | — | 2.60 | 29.68% | 3.35% | 2.99% | 5.24% | 4.05% | 1.14% | 0.35 | 4.17 | — | — | 2.99 | -5336.00% | 362.00% | 6800.00% | 27.51% | — | 16.92% | 3.95% | 55.50% | 44.20% | 17.62 | 5.11 | 0.59 | 0.79 |
| KNSL | Kinsale Capital Group, In… | $389.67 | 9.07B | -22% | +195% | -53% | +42% | 18.20 | 4.68 | 4.89 | 14.17 | 83.63 | 4.69 | 52.47% | 33.85% | 26.87% | 29.25% | 57.06% | 9.54% | 0.11 | 59.58 | 0.35 | 0.36 | 0.09 | 2177.00% | 1804.00% | 396.00% | 10.80% | 1.28 | 112.18% | 0.17% | 3.10% | 1.26% | 14.54 | 9.32 | 4.92 | 2.50 |
| NODK | NI Holdings, Inc. | $13.28 | 273.64M | +164% | -12% | -23% | — | 47.22 | 1.27 | 0.96 | 11.05 | — | 1.27 | 14.29% | 3.12% | -1.86% | 2.68% | -47.03% | 1.16% | 0.00 | — | — | — | -4.70 | -19231.00% | 697.00% | 5008.00% | 12.04% | — | -267.32% | 0.00% | 0.00% | 0.05% | 11.79 | 3.19 | 0.37 | 1.88 |
| PGR | The Progressive Corporati… | $213.66 | 125.29B | -23% | -42% | -54% | +94% | 18.15 | 6.01 | 2.04 | 7.51 | 15.27 | 6.58 | 27.74% | 14.22% | 11.26% | 36.98% | -21.55% | 8.72% | 0.27 | 38.40 | — | — | 0.60 | 11884.00% | 2136.00% | 4275.00% | 9.64% | — | -37.70% | 0.44% | 8.00% | 0.89% | 7.90 | 5.71 | 1.12 | 2.78 |
| PRA | ProAssurance Corporation | $24.55 | 1.26B | +1% | +8% | -62% | -77% | -152.14 | 0.93 | 1.15 | 12.98 | — | 0.97 | 39.40% | 6.56% | 4.64% | -0.65% | -13.15% | -0.15% | 0.33 | 3.46 | 0.15 | 0.15 | 3.85 | -388.00% | -267.00% | -9777.00% | -0.03% | 0.00 | 0.11% | 5.96% | -906.30% | 5.96% | 19.20 | -3144.85 | 1.26 | 0.15 |
| RLI | RLI Corp. | $62.32 | 5.73B | -9% | -30% | -98% | 0% | 14.35 | 3.26 | 3.08 | 10.78 | 86.59 | 3.36 | 29.82% | 27.53% | 21.43% | 24.44% | 25.71% | 7.31% | 0.06 | 96.73 | 1.33 | 2.96 | 0.09 | 1658.00% | 633.00% | 957.00% | 10.51% | 4.73 | 37.89% | 4.17% | 59.90% | 4.38% | 11.03 | 9.39 | 3.04 | 1.95 |
| SIGI | Selective Insurance Group… | $84.04 | 5.08B | -8% | -60% | -14% | +59% | 11.12 | 1.44 | 0.97 | 7.21 | 8.45 | 1.67 | 40.86% | 11.05% | 8.74% | 13.86% | 16.12% | 3.25% | 0.25 | 11.95 | 650.38 | 164.40 | 1.34 | 13158.00% | 978.00% | 1539.00% | 23.79% | 75.28 | 42.63% | 1.97% | 21.90% | 3.75% | 8.21 | 3.92 | 0.91 | 1.94 |
| THG | The Hanover Insurance Gro… | $180.63 | 6.35B | -28% | -59% | -27% | +44% | 9.82 | 1.82 | 0.99 | 7.44 | 16.87 | 2.42 | 43.47% | 12.79% | 10.04% | 20.66% | 25.07% | 4.36% | 0.34 | 19.53 | — | — | 0.11 | 5821.00% | 612.00% | 4700.00% | 18.00% | — | 44.42% | 2.01% | 19.70% | 7.88% | 7.82 | 5.64 | 1.00 | 1.54 |
| WRB | W. R. Berkley Corporation | $71.70 | 27.25B | +42% | -21% | -34% | -2% | 16.33 | 2.96 | 1.98 | 13.15 | 791.02 | 2.96 | 19.81% | 15.87% | 12.10% | 19.55% | -319.05% | 6.66% | 0.29 | 18.40 | — | — | 0.15 | 206.00% | 782.00% | -448.00% | 11.75% | — | -596.00% | 0.00% | 0.00% | 1.76% | 13.36 | 9.14 | 2.12 | 1.41 |
About White Mountains Insurance Group, Ltd.
White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services. The Ark segment writes a portfolio of reinsurance and insurance, including property, marine and energy, accident and health, casualty, and specialty products. The NSM segment operates as a managing general agent and program administrator for specialty property and casualty insurance to various sectors comprising specialty transportation, real estate, social services, and pet. The Kudu segment provides capital solutions to boutique asset and wealth managers for generational ownership transfers, management buyouts, acquisitions and growth finances, and legacy partner liquidity, as well as strategic assistance to investees. The Other Operations segment offers insurance solutions to travel industry through broker channel and on a direct-to-consumer basis; and manages separate accounts and pooled investment vehicles for insurance-linked securities sectors, including catastrophe bonds, collateralized reinsurance investments, and industry loss warranties of third-party clients. White Mountains Insurance Group, Ltd. was incorporated in 1980 and is headquartered in Hamilton, Bermuda.
- CEO
- Liam Caffrey
- Employees
- 893
- Beta
- 0.33
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($11,549.67 ÷ $2,163.50) − 1 = +433.84% (DCF, example).