White Mountains Insurance Group Ltd Working Capital to Net Assets Ratio
White Mountains Insurance Group Ltd working capital to net assets ratio. White Mountains Insurance Group Ltd (WTM) has a Working Capital to Net Assets ratio of -31.5% as of September 2025. Working capital of $-1.80 Billion (current assets of $3.00 Billion minus current liabilities of $4.79 Billion) is measured against net assets of $5.72 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check White Mountains Insurance Group Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of White Mountains Insurance Group Ltd (1989–2025)
Working capital to net assets ratio of White Mountains Insurance Group Ltd from 1989 to 2025. This chart shows how White Mountains Insurance Group Ltd's Working Capital to Net Assets ratio has evolved across 34 annual periods from 1989 to 2025. As of September 2025, the ratio stands at -31.5%, reflecting working capital of $-1.80 Billion against net assets of $5.72 Billion USD. See how many days can White Mountains Insurance Group Ltd fund operations to measure how many days the company can operate on defensive assets alone.
White Mountains Insurance Group Ltd Working Capital to Net Assets Ratio by Year (1989–2025)
White Mountains Insurance Group Ltd working capital to net assets ratio by year from 1989 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for White Mountains Insurance Group Ltd from 1989 to 2025, covering 34 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see total assets of White Mountains Insurance Group Ltd.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 9.4% | $586.30 Million | $6.26 Billion | $4.91 Billion | $4.33 Billion | ▼ -45.4 pp |
| 2024 | 54.7% | $2.81 Billion | $5.13 Billion | $3.05 Billion | $237.60 Million | ▲ +53.5 pp |
| 2023 | 1.2% | $54.70 Million | $4.56 Billion | $121.70 Million | $67.00 Million | ▼ -9.2 pp |
| 2022 | 10.4% | $409.60 Million | $3.94 Billion | $660.70 Million | $251.10 Million | ▼ -14.0 pp |
| 2021 | 24.4% | $903.30 Million | $3.70 Billion | $1.68 Billion | $778.20 Million | ▲ +25.2 pp |
| 2020 | -0.8% | $-29.90 Million | $3.82 Billion | $441.10 Million | $471.00 Million | ▼ -11.5 pp |
| 2019 | 10.7% | $337.40 Million | $3.14 Billion | $439.70 Million | $102.30 Million | ▼ -0.3 pp |
| 2018 | 11.1% | $300.50 Million | $2.72 Billion | $411.90 Million | $111.40 Million | ▲ +2.2 pp |
| 2017 | 8.9% | $298.90 Million | $3.36 Billion | $331.10 Million | $32.20 Million | ▼ -0.1 pp |
| 2016 | 8.9% | $334.30 Million | $3.74 Billion | $443.00 Million | $108.70 Million | ▼ -0.3 pp |
| 2015 | 9.2% | $402.00 Million | $4.37 Billion | $432.50 Million | $30.50 Million | ▼ -19.4 pp |
| 2014 | 28.6% | $1.30 Billion | $4.54 Billion | $1.30 Billion | $2.60 Million | ▲ +5.6 pp |
| 2013 | 23.0% | $1.01 Billion | $4.40 Billion | $1.03 Billion | $20.50 Million | ▼ -4.6 pp |
| 2012 | 27.6% | $1.17 Billion | $4.26 Billion | $1.18 Billion | $11.40 Million | ▲ +1.9 pp |
| 2011 | 25.7% | $1.20 Billion | $4.67 Billion | $1.56 Billion | $357.10 Million | ▲ +29.6 pp |
| 2010 | -3.9% | $-165.80 Million | $4.26 Billion | $55.20 Million | $221.00 Million | ▼ -3.2 pp |
| 2009 | -0.7% | $-31.80 Million | $4.34 Billion | $60.20 Million | $92.00 Million | ▲ +0.9 pp |
| 2008 | -1.6% | $-56.80 Million | $3.50 Billion | $52.00 Million | $108.80 Million | ▼ -0.9 pp |
| 2007 | -0.7% | $-41.20 Million | $5.58 Billion | $5.20 Million | $46.40 Million | ▼ -1.1 pp |
| 2006 | 0.4% | $18.80 Million | $5.06 Billion | $85.60 Million | $66.80 Million | ▲ +1.5 pp |
| 2005 | -1.1% | $-43.00 Million | $3.83 Billion | $400.00K | $43.40 Million | ▼ -631.3 pp |
| 2004 | 630.2% | $24.47 Billion | $3.88 Billion | $24.51 Billion | $30.90 Million | ▲ +642.3 pp |
| 2003 | -12.1% | $-360.50 Million | $2.98 Billion | $11.10 Million | $371.60 Million | ▲ +5.0 pp |
| 2002 | -17.1% | $-479.60 Million | $2.81 Billion | $15.60 Million | $495.20 Million | ▼ -1917.0 pp |
| 2001 | 1899.9% | $-5.74 Billion | $-301.90 Million | $8.02 Billion | $13.75 Billion | ▲ +1974.4 pp |
| 2000 | -74.5% | $-779.80 Million | $1.05 Billion | $1.62 Billion | $2.40 Billion | ▲ +66.7 pp |
| 1999 | -141.2% | $-867.10 Million | $614.00 Million | $364.90 Million | $1.23 Billion | ▼ -363.0 pp |
| 1998 | 221.8% | $1.56 Billion | $702.50 Million | $437.20 Million | $-1.12 Billion | ▲ +342.5 pp |
| 1997 | -120.7% | $-848.20 Million | $702.90 Million | $162.80 Million | $1.01 Billion | ▼ -24.7 pp |
| 1996 | -96.0% | $-701.50 Million | $731.00 Million | $124.50 Million | $826.00 Million | ▼ -19.4 pp |
| 1995 | -76.6% | $-569.40 Million | $743.70 Million | $151.60 Million | $721.00 Million | ▼ -47.5 pp |
| 1994 | -29.1% | $-221.20 Million | $761.10 Million | $278.00 Million | $499.20 Million | ▲ +110.8 pp |
| 1990 | -139.8% | $-2.23 Billion | $1.59 Billion | $146.00 Million | $2.37 Billion | ▼ -126.1 pp |
| 1989 | -13.7% | $-266.00 Million | $1.94 Billion | $1.02 Billion | $1.29 Billion | — |