White Mountains Insurance Group annual debt-to-equity ratio
2009
2010
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2016
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2021
2022
2023
2024
2025
White Mountains Insurance Group Debt-to-Equity Ratio Growth & History (WTM)
White Mountains Insurance Group's debt-to-equity ratio was 0.16 for fiscal 2025.
View full White Mountains Insurance Group company overviewWhite Mountains Insurance Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.16 | 0.03 | +23.44% |
| 2024 | 2024-12-31 | 0.13 | −0.00 | −3.59% |
| 2023 | 2023-12-31 | 0.14 | −0.02 | −13.94% |
| 2022 | 2022-12-31 | 0.16 | 0.03 | +26.49% |
| 2021 | 2021-12-31 | 0.13 | 0.02 | +19.70% |
| 2020 | 2020-12-31 | 0.11 | 0.01 | +13.05% |
| 2019 | 2019-12-31 | 0.09 | 0.03 | +38.56% |
| 2018 | 2018-12-31 | 0.07 | 0.06 | +894.60% |
| 2017 | 2017-12-31 | 0.01 | 0.00 | +92.24% |
| 2016 | 2016-12-31 | 0.00 | −0.08 | −95.89% |
| 2015 | 2015-12-31 | 0.09 | 0.00 | +0.47% |
| 2014 | 2014-12-31 | 0.09 | −0.09 | −50.42% |
| 2013 | 2013-12-31 | 0.17 | −0.03 | −13.96% |
| 2012 | 2012-12-31 | 0.20 | 0.04 | +21.45% |
| 2011 | 2011-12-31 | 0.17 | −0.06 | −26.06% |
| 2010 | 2010-12-31 | 0.22 | −0.06 | −21.98% |
| 2009 | 2009-12-31 | 0.29 | — | — |
White Mountains Insurance Group quarterly debt-to-equity ratio
Q4.09
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
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Q1.13
Q2.13
Q3.13
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Q1.16
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Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
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Q4.19
Q1.20
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Q3.20
Q4.20
Q1.21
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Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.17 | 0.02 | +15.72% |
| Q1 2026 | 2026-03-31 | 0.16 | 0.01 | +3.62% |
| Q4 2025 | 2025-12-31 | 0.16 | 0.03 | +23.44% |
| Q3 2025 | 2025-09-30 | 0.18 | 0.06 | +54.48% |
| Q2 2025 | 2025-06-30 | 0.15 | 0.03 | +24.75% |
| Q1 2025 | 2025-03-31 | 0.15 | 0.03 | +25.96% |
| Q4 2024 | 2024-12-31 | 0.13 | −0.00 | −3.59% |
| Q3 2024 | 2024-09-30 | 0.12 | −0.02 | −17.35% |
| Q2 2024 | 2024-06-30 | 0.12 | −0.02 | −16.94% |
| Q1 2024 | 2024-03-31 | 0.12 | −0.02 | −16.50% |
| Q4 2023 | 2023-12-31 | 0.14 | −0.02 | −13.94% |
| Q3 2023 | 2023-09-30 | 0.14 | −0.03 | −17.41% |
| Q2 2023 | 2023-06-30 | 0.14 | −0.05 | −25.78% |
| Q1 2023 | 2023-03-31 | 0.14 | −0.07 | −31.37% |
| Q4 2022 | 2022-12-31 | 0.16 | 0.03 | +26.49% |
| Q3 2022 | 2022-09-30 | 0.17 | −0.04 | −19.38% |
| Q2 2022 | 2022-06-30 | 0.19 | 0.07 | +62.50% |
| Q1 2022 | 2022-03-31 | 0.21 | 0.08 | +68.82% |
| Q4 2021 | 2021-12-31 | 0.13 | 0.02 | +19.70% |
| Q3 2021 | 2021-09-30 | 0.21 | 0.10 | +83.64% |
| Q2 2021 | 2021-06-30 | 0.12 | −0.00 | −1.33% |
| Q1 2021 | 2021-03-31 | 0.12 | 0.02 | +19.07% |
| Q4 2020 | 2020-12-31 | 0.11 | 0.01 | +13.05% |
| Q3 2020 | 2020-09-30 | 0.12 | 0.04 | +47.31% |
| Q2 2020 | 2020-06-30 | 0.12 | 0.04 | +49.79% |
| Q1 2020 | 2020-03-31 | 0.10 | 0.03 | +48.52% |
| Q4 2019 | 2019-12-31 | 0.09 | 0.03 | +38.56% |
| Q3 2019 | 2019-09-30 | 0.08 | 0.02 | +44.17% |
| Q2 2019 | 2019-06-30 | 0.08 | 0.02 | +40.37% |
| Q1 2019 | 2019-03-31 | 0.07 | 0.06 | +1012.81% |
| Q4 2018 | 2018-12-31 | 0.07 | 0.06 | +894.60% |
| Q3 2018 | 2018-09-30 | 0.06 | 0.05 | +1931.84% |
| Q2 2018 | 2018-06-30 | 0.06 | 0.05 | +1884.86% |
| Q1 2018 | 2018-03-31 | 0.01 | −0.07 | −92.10% |
| Q4 2017 | 2017-12-31 | 0.01 | 0.00 | +92.24% |
| Q3 2017 | 2017-09-30 | 0.00 | −0.08 | −96.57% |
| Q2 2017 | 2017-06-30 | 0.00 | −0.07 | −96.11% |
| Q1 2017 | 2017-03-31 | 0.08 | −0.06 | −43.77% |
| Q4 2016 | 2016-12-31 | 0.00 | −0.08 | −95.89% |
| Q3 2016 | 2016-09-30 | 0.08 | −0.02 | −22.81% |
| Q2 2016 | 2016-06-30 | 0.07 | −0.11 | −60.29% |
| Q1 2016 | 2016-03-31 | 0.14 | −0.05 | −24.74% |
| Q4 2015 | 2015-12-31 | 0.09 | 0.00 | +0.47% |
| Q3 2015 | 2015-09-30 | 0.10 | −0.07 | −39.48% |
| Q2 2015 | 2015-06-30 | 0.19 | 0.02 | +14.12% |
| Q1 2015 | 2015-03-31 | 0.19 | 0.02 | +10.74% |
| Q4 2014 | 2014-12-31 | 0.09 | −0.09 | −50.42% |
| Q3 2014 | 2014-09-30 | 0.17 | −0.01 | −5.24% |
| Q2 2014 | 2014-06-30 | 0.17 | −0.02 | −9.98% |
| Q1 2014 | 2014-03-31 | 0.17 | −0.01 | −6.17% |
| Q4 2013 | 2013-12-31 | 0.17 | −0.03 | −13.96% |
| Q3 2013 | 2013-09-30 | 0.18 | 0.00 | +0.46% |
| Q2 2013 | 2013-06-30 | 0.18 | 0.00 | +1.25% |
| Q1 2013 | 2013-03-31 | 0.18 | −0.00 | −1.21% |
| Q4 2012 | 2012-12-31 | 0.20 | 0.04 | +21.45% |
| Q3 2012 | 2012-09-30 | 0.18 | −0.02 | −8.54% |
| Q2 2012 | 2012-06-30 | 0.18 | −0.00 | −2.02% |
| Q1 2012 | 2012-03-31 | 0.18 | −0.05 | −20.04% |
| Q4 2011 | 2011-12-31 | 0.17 | −0.06 | −26.06% |
| Q3 2011 | 2011-09-30 | 0.19 | −0.03 | −12.99% |
| Q2 2011 | 2011-06-30 | 0.18 | −0.06 | −23.77% |
| Q1 2011 | 2011-03-31 | 0.23 | — | — |
| Q4 2010 | 2010-12-31 | 0.22 | −0.06 | −21.98% |
| Q3 2010 | 2010-09-30 | 0.22 | — | — |
| Q2 2010 | 2010-06-30 | 0.24 | — | — |
| Q4 2009 | 2009-12-31 | 0.29 | — | — |
White Mountains Insurance Group debt-to-equity ratio trends
Over the last five fiscal years, White Mountains Insurance Group's debt-to-equity ratio increased from 0.11 to 0.16, a change of 0.06. The latest reported quarter, Q2 2026, shows 0.17.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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