White Mountains Insurance Group, Ltd. (WTM)

Solvency & Capital Structure

Total Debt

$834.8M

Net Debt

-$1.99B

White Mountains Insurance Group, Ltd. currently has $834.8M in total debt. Net debt is -$1.99B after cash offsets. This 'Net Cash' position indicates exceptional financial strength.

Financial Fundamentals

WTM • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	0.83	2.82	-1.99Net Cash	13.17	6.3%
2025-12-31	0.84	1.97	-1.13Net Cash	12.31	6.8%
2025-09-30	0.77	2.54	-1.78Net Cash	12.35	6.2%
2025-06-30	0.69	2.57	-1.87Net Cash	11.82	5.9%
2025-03-31	0.68	2.37	-1.69Net Cash	11.00	6.1%
2024-12-31	0.56	1.22	-0.65Net Cash	9.93	5.7%
2024-09-30	0.54	0.53	0.02	10.34	5.3%
2024-06-30	0.53	1.27	-0.74Net Cash	10.17	5.2%
2024-03-31	0.53	1.20	-0.66Net Cash	9.59	5.5%
2023-12-31	0.56	1.61	-1.04Net Cash	8.39	6.7%
2023-09-30	0.56	1.33	-0.76Net Cash	8.14	6.9%
2023-06-30	0.57	1.14	-0.57Net Cash	8.38	6.8%
2023-03-31	0.56	1.09	-0.53Net Cash	7.96	7.0%
2022-12-31	0.58	1.18	-0.60Net Cash	7.39	7.8%
2022-09-30	0.62	1.44	-0.83Net Cash	7.54	8.2%
2022-06-30	0.62	0.63	-0.01Net Cash	7.66	8.1%
2022-03-31	0.69	0.65	0.04	7.36	9.4%
2021-12-31	0.64	0.61	0.03	7.00	9.1%
2021-09-30	0.71	0.92	-0.21Net Cash	7.11	10.0%
2021-06-30	0.43	0.86	-0.43Net Cash	7.28	5.9%
2021-03-31	0.43	1.11	-0.68Net Cash	6.90	6.2%
2020-12-31	0.38	0.35	0.02	4.83	7.8%
2020-09-30	0.36	0.79	-0.43Net Cash	4.38	8.2%
2020-06-30	0.35	0.33	0.02	4.00	8.7%
2020-03-31	0.29	0.27	0.02	3.74	7.9%
2019-12-31	0.28	0.36	-0.08Net Cash	3.98	7.1%
2019-09-30	0.23	0.01	0.22	3.84	6.0%
2019-06-30	0.23	0.34	-0.11Net Cash	3.75	6.1%
2019-03-31	0.20	0.40	-0.21Net Cash	3.63	5.4%
2018-12-31	0.19	0.32	-0.13Net Cash	3.36	5.7%
2018-09-30	0.16	0.01	0.15	3.42	4.8%
2018-06-30	0.17	0.02	0.15	3.37	5.0%
2018-03-31	0.02	0.88	-0.86Net Cash	3.59	0.6%
2017-12-31	0.02	0.27	-0.25Net Cash	3.66	0.7%
2017-09-30	0.01	0.84	-0.83Net Cash	3.64	0.3%
2017-06-30	0.01	0.12	-0.11Net Cash	6.79	0.2%
2017-03-31	0.28	0.36	-0.07Net Cash	6.52	4.4%
2016-12-31	0.01	0.44	-0.42Net Cash	6.54	0.2%
2016-09-30	0.29	0.55	-0.26Net Cash	6.68	4.3%
2016-06-30	0.29	0.56	-0.27Net Cash	7.07	4.1%
2016-03-31	0.53	0.44	0.09	10.39	5.1%
2015-12-31	0.34	0.38	-0.05Net Cash	10.28	3.3%
2015-09-30	0.38	0.53	-0.14Net Cash	10.35	3.7%
2015-06-30	0.75	1.19	-0.45Net Cash	10.43	7.2%
2015-03-31	0.75	1.26	-0.52Net Cash	10.51	7.1%
2014-12-31	0.34	1.24	-0.90Net Cash	10.46	3.3%
2014-09-30	0.68	1.38	-0.70Net Cash	12.19	5.6%
2014-06-30	0.68	0.90	-0.22Net Cash	12.36	5.5%
2014-03-31	0.68	1.01	-0.34Net Cash	12.42	5.5%
2013-12-31	0.68	1.02	-0.34Net Cash	12.14	5.6%
2013-09-30	0.68	1.06	-0.38Net Cash	12.31	5.5%
2013-06-30	0.68	0.96	-0.28Net Cash	12.28	5.5%
2013-03-31	0.68	1.07	-0.39Net Cash	12.61	5.4%
2012-12-31	0.75	1.09	-0.34Net Cash	12.90	5.8%
2012-09-30	0.68	1.12	-0.45Net Cash	13.47	5.0%
2012-06-30	0.68	1.43	-0.75Net Cash	13.28	5.1%
2012-03-31	0.68	1.48	-0.81Net Cash	13.38	5.1%
2011-12-31	0.67	1.55	-0.88Net Cash	14.06	4.8%
2011-09-30	0.67	1.33	-0.66Net Cash	14.58	4.6%
2011-06-30	0.67	1.30	-0.63Net Cash	14.20	4.7%
2011-03-31	0.82	1.45	-0.63Net Cash	14.60	5.6%
2010-12-31	0.82	0.06	0.76	14.53	5.6%
2010-09-30	0.82	1.75	-0.93Net Cash	14.99	5.5%
2010-06-30	0.85	2.01	-1.16Net Cash	15.50	5.5%
2010-03-31	1.03	2.45	-1.42Net Cash	15.82	6.5%
2009-12-31	1.05	0.05	1.00	15.44	6.8%
2009-09-30	1.05	2.59	-1.54Net Cash	15.68	6.7%
2009-06-30	1.27	2.43	-1.16Net Cash	15.55	8.2%
2009-03-31	1.35	2.60	-1.25Net Cash	15.64	8.6%
2008-12-31	1.36	0.05	1.31	15.90	8.6%
2008-09-30	1.37	2.48	-1.11Net Cash	17.76	7.7%
2008-06-30	1.52	2.19	-0.67Net Cash	18.70	8.1%
2008-03-31	1.67	2.60	-0.94Net Cash	19.36	8.6%
2007-12-31	1.19	0.01	1.19	19.08	6.3%
2007-09-30	1.19	1.80	-0.61Net Cash	19.72	6.0%
2007-06-30	1.18	1.33	-0.14Net Cash	19.18	6.2%
2007-03-31	1.18	1.66	-0.48Net Cash	19.28	6.1%
2006-12-31	1.11	1.50	-0.40Net Cash	19.44	5.7%
2006-09-30	0.79	1.43	-0.64Net Cash	18.71	4.2%
2006-06-30	0.84	1.07	-0.23Net Cash	18.73	4.5%
2006-03-31	0.78	1.13	-0.35Net Cash	19.08	4.1%
2005-12-31	0.78	0.00	0.78	19.42	4.0%
2005-09-30	0.78	1.23	-0.46Net Cash	19.80	3.9%
2005-06-30	0.78	0.98	-0.20Net Cash	19.18	4.1%
2005-03-31	0.78	1.33	-0.55Net Cash	18.83	4.1%
2004-12-31	0.78	19.43	-18.65Net Cash	19.02	4.1%
2004-09-30	0.79	1.98	-1.19Net Cash	18.95	4.2%
2004-06-30	0.82	1.56	-0.73Net Cash	17.92	4.6%
2004-03-31	0.82	1.14	-0.32Net Cash	15.50	5.3%
2003-12-31	0.74	1.88	-1.13Net Cash	15.88	4.7%
2003-09-30	0.74	1.85	-1.11Net Cash	15.93	4.7%
2003-06-30	0.74	2.33	-1.59Net Cash	17.52	4.2%
2003-03-31	0.78	2.06	-1.28Net Cash	16.14	4.8%
2002-12-31	0.79	0.02	0.78	16.03	4.9%
2002-09-30	1.05	2.40	-1.35Net Cash	17.07	6.1%
2002-06-30	1.06	1.49	-0.43Net Cash	16.24	6.5%
2002-03-31	1.08	1.60	-0.53Net Cash	15.90	6.8%
2001-12-31	1.13	2.61	-1.49Net Cash	16.49	6.8%
2001-09-30	1.12	2.98	-1.87Net Cash	15.26	7.3%
2001-06-30	1.09	1.03	0.07	14.87	7.4%
2001-03-31	0.10	0.76	-0.66Net Cash	3.59	2.7%
2000-12-31	0.10	0.74	-0.64Net Cash	3.55	2.7%
2000-09-30	0.21	0.82	-0.61Net Cash	3.25	6.3%
2000-06-30	0.21	0.21	-0.01Net Cash	2.99	6.9%
2000-03-31	0.20	0.16	0.04	2.50	8.1%
1999-12-31	0.21	0.12	0.09	2.05	10.1%
1999-09-30	0.14	0.00	0.13	1.91	7.2%
1999-06-30	0.14	0.00	0.13	1.98	6.9%
1999-03-31	0.23	0.02	0.22	2.10	11.1%
1998-12-31	1.11	0.10	1.01	2.16	51.2%
1998-09-30	1.09	0.03	1.06	3.19	34.0%
1998-06-30	0.91	0.00	0.90	2.21	41.0%
1998-03-31	1.02	0.01	1.02	2.25	45.4%
1997-12-31	0.88	0.07	0.81	2.01	43.6%
1997-09-30	0.79	0.01	0.79	2.02	39.3%
1997-06-30	0.55	0.00	0.54	1.69	32.3%
1997-03-31	0.68	0.01	0.68	1.82	37.4%
1996-12-31	0.83	0.07	0.76	1.98	42.0%
1996-09-30	0.76	0.00	0.76	1.88	40.7%
1996-06-30	0.89	0.00	0.89	1.97	45.0%