Equity Profile

WTM

White Mountains Insurance Group, Ltd.

FinancialsProperty & Casualty Insurance$5.1B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

White Mountains Insurance Group, Ltd. (WTM) operates in the property and casualty insurance sector, providing coverage for various risks....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company managed costs and revenue this quarter.

N/A

Revenue Growth

Revenue growth is essential to understand the company's ability to expand its market share and improve its financial health.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

WTM Q2-2026 Earnings Preview

Context

Company Snapshot

White Mountains Insurance Group, Ltd. (WTM) operates in the property and casualty insurance sector, providing coverage for various risks. With a market cap of $5 billion, the company plays a crucial role in the financial sector, particularly as it navigates the complexities of insurance underwriting and risk management.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

+0.00%

Avg Stock Reaction

+0.28%

Last Quarter Recap

In Q1-2026, White Mountains reported an EPS of -$12.59, indicating challenges in profitability. The stock reacted negatively, dropping 3.33% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautious ahead of the upcoming earnings report, given the recent poor performance. The lack of analyst estimates adds uncertainty to market expectations.

Bull Case

If the company can demonstrate a significant recovery in EPS and revenue, it could signal a turnaround, leading to a positive stock reaction.

Bear Case

Continued losses or disappointing revenue figures could further erode investor confidence, resulting in a substantial decline in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS for Q2-2026?

A significant improvement in EPS would indicate a recovery in profitability and could positively influence investor sentiment.

How has revenue changed compared to the previous quarter?

Understanding revenue trends is critical for assessing the company's growth potential and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for recovery in the insurance sector, particularly if WTM has made strategic adjustments to its underwriting practices.

Supporting Evidence

The options market is pricing a 9.96% move, suggesting traders expect volatility that might not align with current sentiment.

Recent historical performance shows that the stock has reacted positively to unexpected improvements in EPS.

Key Risk

If EPS comes in better than -$10, it could challenge the current bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will indicate whether the company can rebound from recent losses and regain investor confidence.

Bull Confirmed If

A positive EPS of $10 or better would confirm the bull case.

Bear Confirmed If

An EPS loss greater than -$15 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±9.96%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a nearly 10% move, indicating that traders expect significant volatility around the earnings announcement.

Options are pricing ±10.0% while WTM has averaged ±2.1% over the last 8 prints — setup is pricing rich.

Detail

30d HV

19.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If the company beats expectations, history suggests a potential stock increase of around 2.4%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting ongoing uncertainty in the market.

Miss

A disappointing report could lead to a decline, with historical patterns suggesting a drop of around 2.09%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on underwriting performance and risk management strategies.
2Details on claims experience and how it has impacted financials this quarter.
3Insights into market conditions affecting revenue growth.
4Management's outlook on future profitability and strategic initiatives.
5Any commentary on competitive positioning within the insurance sector.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

White Mountains Insurance Group, Ltd. (WTM) operates in the property and casualty insurance sector, providing coverage for various risks....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company managed costs and revenue this quarter.

N/A

Revenue Growth

Revenue growth is essential to understand the company's ability to expand its market share and improve its financial health.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

WTM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

+0.00%

Avg Stock Reaction

+0.28%

Last Quarter Recap

In Q1-2026, White Mountains reported an EPS of -$12.59, indicating challenges in profitability. The stock reacted negatively, dropping 3.33% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautious ahead of the upcoming earnings report, given the recent poor performance. The lack of analyst estimates adds uncertainty to market expectations.

Bull Case

If the company can demonstrate a significant recovery in EPS and revenue, it could signal a turnaround, leading to a positive stock reaction.

Bear Case

Continued losses or disappointing revenue figures could further erode investor confidence, resulting in a substantial decline in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS for Q2-2026?

A significant improvement in EPS would indicate a recovery in profitability and could positively influence investor sentiment.

How has revenue changed compared to the previous quarter?

Understanding revenue trends is critical for assessing the company's growth potential and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for recovery in the insurance sector, particularly if WTM has made strategic adjustments to its underwriting practices.

Supporting Evidence

The options market is pricing a 9.96% move, suggesting traders expect volatility that might not align with current sentiment.

Recent historical performance shows that the stock has reacted positively to unexpected improvements in EPS.

Key Risk

If EPS comes in better than -$10, it could challenge the current bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will indicate whether the company can rebound from recent losses and regain investor confidence.

Bull Confirmed If

A positive EPS of $10 or better would confirm the bull case.

Bear Confirmed If

An EPS loss greater than -$15 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±9.96%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a nearly 10% move, indicating that traders expect significant volatility around the earnings announcement.

Options are pricing ±10.0% while WTM has averaged ±2.1% over the last 8 prints — setup is pricing rich.

Detail

30d HV

19.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If the company beats expectations, history suggests a potential stock increase of around 2.4%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting ongoing uncertainty in the market.

Miss

A disappointing report could lead to a decline, with historical patterns suggesting a drop of around 2.09%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on underwriting performance and risk management strategies.
2Details on claims experience and how it has impacted financials this quarter.
3Insights into market conditions affecting revenue growth.
4Management's outlook on future profitability and strategic initiatives.
5Any commentary on competitive positioning within the insurance sector.