Selective Insurance Group vs White Mountains Insurance Group
Selective Insurance Group is the larger business, with $5.34bn of revenue in fiscal 2025 against $3.73bn for White Mountains Insurance Group (1.4 times as much). White Mountains Insurance Group grew faster (66.8% against 9.8%). White Mountains Insurance Group kept more of each dollar of sales as profit: a net margin of 29.6% against 8.7%. White Mountains Insurance Group carries less debt relative to equity (15.7% against 25.0%).
| Latest fiscal year | Selective Insurance GroupSIGI, 2025 | White Mountains Insurance GroupWTM, 2025 |
|---|---|---|
| Revenue | $5.34bn | $3.73bn |
| Revenue growth | 9.8% | 66.8% |
| Net income | $466m | $1.11bn |
| Operating margin | — | — |
| Net margin | 8.7% | 29.6% |
| Return on equity | 13.9% | 22.3% |
| Free cash flow | $1.19bn | — |
| Cash | $18.0m | $186m |
| Total debt | $902m | $852m |
| Debt to equity | 25.0% | 15.7% |
| Dividend per share | $1.57 | $1.00 |
| Dividend yield | 1.7% | 0.0% |
| Share buybacks | $92.6m | $203m |
| Employees | 2,800 | 1,648 |
| Market value | $6.01bn | $5.50bn |
| Price vs our value range | — | — |
| Moat score | — | 77 (Strong) |
| Insider trades, 12 months | 1 buys, 3 sales | 0 buys, 4 sales |