WTM (White Mountains Insurance Group) Research & Development: $0 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WTM White Mountains Insurance Group Ltd WTM
75 GF Score
Price $2,149.44
GF Value $2,427.80
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is White Mountains Insurance Group Research & Development?

White Mountains Insurance Group WTM +0.39% 75 Research & Development is $0 Mil as of Jun. 2026. GuruFocus rates WTM with a GF Score™ of 75/100 and a GF Value™ of $2,427.80 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. White Mountains Insurance Group's Research & Development for the three months ended in Jun. 2026 was $0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Jun. 2026 was $0 Mil.

White Mountains Insurance Group  (NYSE:WTM) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

White Mountains Insurance Group Research & Development Related Terms

White Mountains Insurance Group Research & Development Historical Data

* Premium members only.

The historical data trend for White Mountains Insurance Group's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

White Mountains Insurance Group Research & Development Chart

White Mountains Insurance Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

White Mountains Insurance Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
WTM
75GF Score
White Mountains Insurance Group Ltd WTM
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

White Mountains Insurance Group Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $0 Mil mean?
White Mountains Insurance Group (WTM) has a Research & Development of $0 Mil as of Jun. 2026. Research and development expense is the total cost for research and development activities. View historical data on White Mountains Insurance Group and its competitors.
Is White Mountains Insurance Group's Research & Development too high?
White Mountains Insurance Group's current Research & Development is $0 Mil. Overall, White Mountains Insurance Group has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does White Mountains Insurance Group's Research & Development compare to RLI and SIGI?
White Mountains Insurance Group's Research & Development of $0 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for an Insurance company?
A good Research & Development depends on the Insurance industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on White Mountains Insurance Group and its competitors. White Mountains Insurance Group's current Research & Development is $0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is White Mountains Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, White Mountains Insurance Group (WTM) is currently considered Modestly Undervalued. The stock's GF Value™ is $2,427.80, compared to a current price of $2,149.44 — trading 11.5% below its estimated fair value. The current Research & Development is $0 Mil. White Mountains Insurance Group's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For White Mountains Insurance Group (WTM), the current Research & Development is $0 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is White Mountains Insurance Group (WTM) Overvalued in 2026?

Based on GuruFocus' analysis, White Mountains Insurance Group stock appears to be undervalued. The current stock price of $2,149.44 is trading 11.5% below its estimated GF Value™ of $2,427.80. GuruFocus considers White Mountains Insurance Group to be Modestly Undervalued.

Key valuation signals for WTM:

  • Research & Development: $0 Mil
  • GF Value™: $2,427.80 vs. price of $2,149.44 (11.5% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the WTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

White Mountains Insurance Group Business Description

Other Exchanges WNI:Germany
Address 23 South Main Street, Suite 3B, Hanover, NH, USA, 03755-2053
White Mountains Insurance Group Ltd is engaged in the business of making opportunistic and value-oriented acquisitions of businesses and assets in the insurance, financial services, and related sectors, operating these businesses and assets through its subsidiaries and, if and when attractive exit valuations become available, disposing of these businesses and assets. The company conducts its business in five areas: property and casualty insurance and reinsurance, municipal bond reinsurance, capital solutions for asset and wealth management firms, property and casualty insurance distribution, and other operations. The company has four reportable segments: Ark/WM Outrigger, HG Global, Kudu and Distinguished.
75GF Score

Get the complete analysis for WTM

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2,149.44
Price
$2,427.80
GF Value