Post-earnings recap
Reported
Wed, May 6, 2026
EPS actual
$-12.59
EPS est.
—
EPS surprise
—
1-day move
-3.33%
White Mountains Insurance Group reported a significant loss in EPS for Q1-2026, which likely contributed to the stock's decline of 3.33%. The lack of revenue figures and management commentary leaves investors with limited insights into the company's performance and future outlook. As a result, uncertainty may persist until more information is available.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $-12.59 | N/A | — |
| Revenue | — | N/A | — |
No transcript is on record, and the analysis is based solely on numerical results.
White Mountains Insurance Group, Ltd. (WTM) operates in the property and casualty insurance sector, providing various insurance products and services. With a market cap of $5 billion, the company plays a significant role in the financial sector, particularly as it navigates challenges and opportunities in the insurance landscape.
Last quarter
In Q4-2025, White Mountains reported an EPS of $327.23, showing strong performance compared to previous quarters. The stock reacted positively, gaining 2.75% the following day.
EPS beat streak
0Q
EPS beat rate
0%
Avg EPS surprise
+0.00%
Avg 1-day reaction
+0.68%
Overall expectations for WTM's upcoming earnings report are mixed, with no analyst estimates available to guide sentiment. Investors are keen to see how the company continues to perform amid market fluctuations.
Bull case
If WTM reports strong EPS and revenue growth, it could signal robust business health, potentially leading to a positive stock reaction.
Bear case
Conversely, any signs of declining profitability or increased losses could raise concerns about the company's future performance, leading to a negative market reaction.
The print will turn on these.
Q1
What will the EPS be for Q1-2026?
EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.
Q2
How has the combined ratio changed this quarter?
The combined ratio is essential for understanding the company's underwriting performance, and a higher ratio could indicate potential issues.
—
Est. EPS
$0.01
Est. Rev
$918M
Impl. Move
±9.1%
Why consensus could be wrong
The Street may be underestimating the impact of recent regulatory changes on WTM's profitability, which could lead to better-than-expected results.
Supporting evidence
Recent trends in the insurance market suggest improved pricing power for insurers, which could benefit WTM.
The company's historical performance shows resilience during economic downturns, which may not be fully reflected in current expectations.
Key risk
If the EPS exceeds $350, it could challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
This quarter, the focus is on profitability metrics, particularly EPS and the combined ratio, which will provide insights into the company's financial health.
Bull confirmed if
An EPS of $350 or better would confirm the bull case, indicating strong profitability.
Bear confirmed if
A combined ratio above 105% would confirm the bear case, suggesting underwriting losses.
What the market is pricing for the move.
Implied Move
±1.98%
Historical Avg
±2.0%
The options market is pricing in a move of about 1.98%, suggesting that traders expect some volatility around the earnings report.
Options are pricing ±2.0% while WTM has averaged ±2.0% over the last 8 prints — setup is roughly in line with history.
30d HV
22.3%
Smart-money positioning from the most recent 13F filings.
Institutional
96.27%
of float
Insider
3.22%
of float
Holders
463
institutions
Top Holders· as of Jun 2026
Dimensional Fund Advisors LP
158,954 sh · $322.9M
6.66%
1.5%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If WTM beats expectations, history suggests a positive stock reaction, potentially around a 2.75% increase.
In line / cautious
An in-line report with cautious management commentary may lead to a muted response, reflecting uncertainty in the market.
Miss
If WTM misses expectations, the stock could see a decline, with historical patterns indicating a potential drop of around 1.82%.
The lines on the call that would change the story.
Neuberger Berman Group, LLC
119,141 sh · $242.0M
4.99%
-4.5%
Blackrock Inc.
117,871 sh · $239.5M
4.94%
4.0%
River Road Asset Management, LLC
115,880 sh · $235.4M
4.86%
-3.9%
Vanguard Portfolio Management LLC
111,969 sh · $227.5M
4.69%
-3.1%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.