Stewart Information Services vs White Mountains Insurance Group
White Mountains Insurance Group is the larger business, with $3.73bn of revenue in fiscal 2025 against $2.92bn for Stewart Information Services (1.3 times as much). White Mountains Insurance Group grew faster (66.8% against 17.3%). White Mountains Insurance Group kept more of each dollar of sales as profit: a net margin of 29.6% against 4.0%. White Mountains Insurance Group carries less debt relative to equity (15.7% against 39.4%).
| Latest fiscal year | Stewart Information ServicesSTC, 2025 | White Mountains Insurance GroupWTM, 2025 |
|---|---|---|
| Revenue | $2.92bn | $3.73bn |
| Revenue growth | 17.3% | 66.8% |
| Net income | $116m | $1.11bn |
| Operating margin | — | — |
| Net margin | 4.0% | 29.6% |
| Return on equity | 7.6% | 22.3% |
| Free cash flow | $132m | — |
| Cash | $322m | $186m |
| Total debt | $647m | $852m |
| Debt to equity | 39.4% | 15.7% |
| Dividend per share | $2.05 | $1.00 |
| Dividend yield | 4.5% | 0.0% |
| Share buybacks | $3.9m | $203m |
| Employees | 7,800 | 1,648 |
| Market value | $1.35bn | $5.50bn |
| Price vs our value range | — | — |
| Moat score | 63 (Moderate) | 77 (Strong) |
| Insider trades, 12 months | 19 buys, 3 sales | 0 buys, 4 sales |