WTMNYSEFire, Marine & Casualty Insurance

White Mountains Insurance Group Ltd (WTM) earnings date, market-implied expected move, and options open interest by expiry

2,265.00

Closed16:08 ET

Open2,270.00Volume20,251Mkt cap$5.4BP/E4.83Div yield0.04%

Day2,247.98 – 2,271.0074%52-wk1,862.75 – 2,333.0086%

WTM

White Mountains Insurance Group Ltd

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Nov 5

before open · in 5 days

est.Q3 FY26

Calendar

Next report

Last report

+1.38%

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

2dAJG · supplierArthur J. Gallagher reports third-quarter revenue $3,976 million, net earnings $406 million, diluted EPS $1.55
2dAON · supplierAon CEO warns AI data center insurance risks could threaten financing
2dWTW · supplierWillis Towers Watson Q3 revenue $2,460 million, net income attributable to WTW $303 million

News

Largest filed tie

13F top-10 QoQ

−4.33%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

355 managers

Top fund weight

0.01%

WTM weight · VTI

N-PORTJun 30 '26

2 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

White Mountains Insurance (WTM) is expected to report on Nov 5 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 6 '26confirmed—▲+1.38%—

quarterimplied−5%0+5%realized×

Q2 FY26—▲+1.38%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

No open-interest data.

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ2 FY26

27.21%as filednet margin · revenue +64.10% QoQ · +22.01% YoY

Revenue

$850M+64.10% QoQ

Gross profit

$594M+121.52% QoQ

69.90% margin

Operating income

$281M+4624.19% QoQ

33.01% margin

Pre-tax income

$256M+1103.92% QoQ

Net income

$231M+979.09% QoQ

27.21% margin

Cost of revenue

$256M+2.44% QoQ

Operating expenses

$313M+14.25% QoQ

SG&A $152M

Other operating $23M

Other operating $138M

Other expense

$20M

Tax

$25M+3000.00% QoQ

Revenue$850M+64.10%

Gross profit

$594M+121.52%

69.90% margin

Operating income

$281M+4624.19%

33.01% margin

Pre-tax income

$256M+1103.92%

Net income

$231M+979.09%

27.21% margin

Cost of revenue

$256M+2.44%

Operating expenses

$313M+14.25%

SG&A $152M

Other operating $23M

Other operating $138M

Other expense

$20M

Tax$25M+3000.00%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×1.48· ±1.6% vs ±1.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.6%6 of 10×1.48

CPROFcorporate profits±1.2%5 of 12×1.18

FOMCrate decision±1.2%12 of 24×1.11

GDPgross domestic product±1.1%9 of 19×1.07

PPIproducer prices±0.9%6 of 11×0.88

PCEpersonal income & outlays±0.8%7 of 19×0.74

CPIconsumer prices±0.5%4 of 11×0.48

Bar = avg |move| to ±2% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS — · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	—	—
Q1 FY26	—	—	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod