WHITE MOUNTAINS INSURANCE GROUP, LTD. — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow↓-15.9% -$10M
$54M
Free Cash Flow↓-15.9% -$10M
$54M
Investing Cash Flow↓-92.7% -$93M
$7M
Financing Cash Flow↑+559.1% +$62M
$73M
Capex
—
Acquisitions
$7M
Stock Buybacks
$193M
Dividends Paid
$0
Stock-Based Comp↑+8.9% +$400K
$5M
Debt Issued↑+290.0% +$61M
$82M
Debt Repaid↑+750.0% +$11M
$12M
D&A
—
SBC Allocated Expense↑+8.9% +$400K
$5M