Post-earnings recap
Reported
Thu, Aug 6, 2026
EPS actual
$80.58
EPS est.
—
EPS surprise
—
1-day move
+1.38%
White Mountains Insurance Group's strong EPS of $80.58 indicates solid profitability for the quarter. The stock reacted positively, rising 1.38%, likely reflecting investor confidence in the company's earnings performance despite the lack of revenue data and guidance updates.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $80.58 | N/A | — |
| Revenue | N/A | 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, focusing on providing various insurance products. With a market cap of $5 billion, the company plays a significant role in the financial services industry, particularly in managing risks associated with property and casualty insurance.
Last quarter
In Q1 2026, White Mountains reported an EPS of -$12.59, reflecting challenges in profitability. The stock reacted negatively, declining by 3.33% the following day.
EPS beat streak
0Q
EPS beat rate
0%
Avg EPS surprise
+0.00%
Avg 1-day reaction
+0.68%
Investors are cautious ahead of the earnings report, especially after a disappointing Q1. There are no analyst estimates available, making it difficult to gauge market expectations.
Bull case
If the company shows a significant turnaround in EPS and revenue growth, it could restore investor confidence and lead to a positive stock reaction.
Bear case
Continued losses or poor revenue performance could further erode investor trust, leading to a decline in stock price.
The print will turn on these.
Q1
What will be the EPS figure for this quarter?
Given the significant loss in Q1, investors will be keen to see if the company can return to profitability.
Q2
How has the combined ratio changed this quarter?
A lower combined ratio would indicate improved operational efficiency and profitability, which is crucial for investor confidence.
—
Est. EPS
$0.67
Est. Rev
$396M
Impl. Move
±10.3%
Why consensus could be wrong
The market may be underestimating the potential for a rebound in profitability, as the company has historically shown resilience after poor quarters.
Supporting evidence
The options market is pricing a nearly 10% move, suggesting that traders expect significant volatility, which may not align with the company's recovery potential.
The historical average reaction to earnings misses has been less severe than current sentiment suggests, indicating potential overreaction.
Key risk
If EPS shows a significant improvement, it could challenge the current bearish outlook.
Pre-commit to what would confirm each case.
This quarter's performance is critical for assessing the company's recovery trajectory after a disappointing previous quarter.
Bull confirmed if
An EPS of $0 or better would confirm the bull case and indicate a successful turnaround.
Bear confirmed if
An EPS loss greater than -$12.59 would reinforce the bear case and signal ongoing challenges.
What the market is pricing for the move.
Implied Move
±9.96%
Historical Avg
±2.0%
The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.
Options are pricing ±10.0% while WTM has averaged ±2.0% over the last 8 prints — setup is pricing rich.
30d HV
19.5%
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 potential stock increase of around 2.4%, confirming a positive turnaround narrative.
In line / cautious
An in-line report may lead to muted reactions, as investors await further clarity on future guidance.
Miss
If the company misses expectations, history indicates a potential decline of around 2.09%, reinforcing bearish sentiment.
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.