WTM drops as Q1 10-Q shows EPS swing to loss on MediaAlpha hit
WTM•White Mountains Insurance Group (WTM) slid after filing its Q1 2026 10-Q showing a swing to a net loss of $27.2 million, or EPS of $(12.59), versus net income of $33.9 million, or EPS of $13.19, a year earlier. The quarter was hit by investment volatility, including a $65.2 million loss tied to its MediaAlpha stake and total net realized/unrealized investment losses of $54.4 million.
1) What happened
White Mountains Insurance Group shares moved lower on May 6, 2026 as investors digested the company’s newly filed Q1 2026 quarterly report (Form 10-Q), which showed a sharp year-over-year earnings reversal. The company reported revenue of $517.8 million for the quarter and a net loss attributable to common shareholders of $27.2 million, translating to diluted EPS of $(12.59), compared with net income of $33.9 million and diluted EPS of $13.19 in Q1 2025. (tradingview.com)
