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Hamilton Insurance Group vs White Mountains Insurance Group: HG and WTM compared
Hamilton Insurance Group is the larger company: $828M of revenue in its latest quarter (Q3 2026) against $641M for White Mountains Insurance Group (Q3 2026). Hamilton Insurance Group is growing faster (+24% against -26% a year earlier). Hamilton Insurance Group is more profitable, with an operating margin of 27.4% against -3.6%.
Where the money goes: HG and WTM
Hamilton Insurance Group (HG) · Q3 2026
Hamilton Insurance Group, Q3 2026: revenue $828M (+24% year over year), operating margin 27.4%, net earnings $228M, operating cash flow $267M. The chart follows the revenue to costs, profit and cash.
White Mountains Insurance Group (WTM) · Q3 2026
White Mountains Insurance Group, Q3 2026: revenue $641M (-26% year over year), operating margin -3.6%, net loss $29.6M, operating cash flow $357M. The chart follows the revenue to costs, profit and cash.
| Hamilton Insurance Group (HG) | White Mountains Insurance Group (WTM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $828M | $641M |
| Revenue growth, Y/Y | +24% | -26% |
| Operating margin | 27.4% | -3.6% |
| Net earnings | $228M | −$29.6M |
| Net margin | 27.6% | -4.6% |
| Operating cash flow | $267M | $357M |
| Market value | $3.7B | $5.3B |
| P/E | 7.1× | 5.3× |
| Analysts’ mean target | $39.43 | — |
Questions
Which is bigger, Hamilton Insurance Group or White Mountains Insurance Group?
Hamilton Insurance Group is the larger company: $828M of revenue in its latest quarter (Q3 2026) against $641M for White Mountains Insurance Group (Q3 2026).
Is Hamilton Insurance Group or White Mountains Insurance Group growing faster?
Hamilton Insurance Group is growing faster (+24% against -26% a year earlier).
Which is more profitable, Hamilton Insurance Group or White Mountains Insurance Group?
Hamilton Insurance Group is more profitable, with an operating margin of 27.4% against -3.6%.
More: Hamilton Insurance Group earnings · how Hamilton Insurance Group makes money · White Mountains Insurance Group earnings · how White Mountains Insurance Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.