WHITE MTNS INS. GRP DL 1 (WNI) - Net Assets
Based on the latest financial reports, WHITE MTNS INS. GRP DL 1 (WNI) has net assets worth €6.26 Billion EUR (≈ $7.31 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€12.31 Billion ≈ $14.39 Billion USD) and total liabilities (€6.05 Billion ≈ $7.07 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore WHITE MTNS INS. GRP DL 1 cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €6.26 Billion |
| % of Total Assets | 50.83% |
| Annual Growth Rate | 13.99% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.68 |
WHITE MTNS INS. GRP DL 1 - Net Assets Trend (2021–2025)
This chart illustrates how WHITE MTNS INS. GRP DL 1's net assets have evolved over time, based on quarterly financial data. Explore investment intensity of WHITE MTNS INS. GRP DL 1 to see how much of total assets are deployed in long-term investments.
Annual Net Assets for WHITE MTNS INS. GRP DL 1 (2021–2025)
The table below shows the annual net assets of WHITE MTNS INS. GRP DL 1 from 2021 to 2025. For live valuation and market cap data, see WHITE MTNS INS. GRP DL 1 market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €6.26 Billion ≈ $7.31 Billion |
+21.91% |
| 2024-12-31 | €5.13 Billion ≈ $6.00 Billion |
+12.48% |
| 2023-12-31 | €4.56 Billion ≈ $5.33 Billion |
+15.92% |
| 2022-12-31 | €3.94 Billion ≈ $4.60 Billion |
+6.22% |
| 2021-12-31 | €3.70 Billion ≈ $4.33 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to WHITE MTNS INS. GRP DL 1's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 63.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.85 Billion | 89.31% |
| Other Components | €579.80 Million | 10.69% |
| Total Equity | €5.43 Billion | 100.00% |
WHITE MTNS INS. GRP DL 1 Competitors by Market Cap
The table below lists competitors of WHITE MTNS INS. GRP DL 1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Texas Capital Bancshares Inc
NASDAQ:TCBI
|
$4.34 Billion |
|
Cochin Shipyard Limited
NSE:COCHINSHIP
|
$4.34 Billion |
|
VISTA ENERGY 1 A ADR/1
F:1CIA
|
$4.34 Billion |
|
CommScope Holding Co Inc
NASDAQ:COMM
|
$4.34 Billion |
|
Brinks Company
NYSE:BCO
|
$4.33 Billion |
|
Millrose Properties, Inc.
NYSE:MRP
|
$4.33 Billion |
|
Energisa S.A
SA:ENGI11
|
$4.33 Billion |
|
AVIC (Chengdu) UAS Co. Ltd. A
SHG:688297
|
$4.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WHITE MTNS INS. GRP DL 1's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,483,700,000 to 5,425,400,000, a change of 941,700,000 (21.0%).
- Net income of 1,106,400,000 contributed positively to equity growth.
- Dividend payments of 2,600,000 reduced retained earnings.
- Share repurchases of 202,600,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.11 Billion | +20.39% |
| Dividends Paid | €2.60 Million | -0.05% |
| Share Repurchases | €202.60 Million | -3.73% |
| Other Changes | €40.50 Million | +0.75% |
| Total Change | €- | 21.00% |
Book Value vs Market Value Analysis
This analysis compares WHITE MTNS INS. GRP DL 1's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.55x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €1175.73 | €1820.00 | x |
| 2022-12-31 | €1456.72 | €1820.00 | x |
| 2023-12-31 | €1656.15 | €1820.00 | x |
| 2024-12-31 | €1745.89 | €1820.00 | x |
| 2025-12-31 | €2187.95 | €1820.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WHITE MTNS INS. GRP DL 1 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.34%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.27x
- Recent ROE (20.39%) is above the historical average (10.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -7.76% | -44.82% | 0.09x | 1.97x | €-630.21 Million |
| 2022 | 21.16% | 68.47% | 0.16x | 1.97x | €418.11 Million |
| 2023 | 12.01% | 23.50% | 0.26x | 1.98x | €85.15 Million |
| 2024 | 5.14% | 9.78% | 0.24x | 2.21x | €-217.97 Million |
| 2025 | 20.39% | 38.34% | 0.23x | 2.27x | €563.86 Million |
Industry Comparison
This section compares WHITE MTNS INS. GRP DL 1's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $55,739,564,286
- Average return on equity (ROE) among peers: 8.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WHITE MTNS INS. GRP DL 1 (WNI) | €6.26 Billion | -7.76% | 0.97x | $4.33 Billion |
| ZhongAn Online P & C Insurance Co. Ltd (1ZO) | $16.47 Billion | -10.59% | 0.60x | $2.16 Billion |
| POWSZECHNY Z.U.ADR /1 ZY1 (7PZ0) | $48.42 Billion | 7.81% | 7.86x | $12.87 Billion |
| REVO INSURANCE SPA O.N. (H0O) | $244.48 Million | 7.60% | 1.12x | $683.94 Million |
| Insurance Australia Group Limited (NRM) | $6.94 Billion | 13.64% | 3.29x | $10.48 Billion |
| The People's Insurance Company (Group) of China Limited (PIR) | $206.30 Billion | 6.26% | 4.00x | $5.82 Billion |
| PICC Property and Casualty Company Limited (PJC) | $85.78 Billion | 17.62% | 3.27x | $12.73 Billion |
| GJENSIDIGE FORSI.UNSP.ADR (XGJ0) | $26.02 Billion | 19.76% | 5.59x | $11.78 Billion |
About WHITE MTNS INS. GRP DL 1
White Mountains Insurance Group, Ltd. provides insurance services in the United States, the United Kingdom, Bermuda, and internationally. It operates through Ark/WM Outrigger, HG Global, Kudu, Distinguished, and Other Operations segments. The company offers property insurance and reinsurance; specialty insurance and reinsurance consisting of aviation, contingency, cyber, fine art and specie, mort… Read more