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White Mountains Insurance Group Executive Compensation (FY25)

WTM · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
G. Manning Rountree
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 21, 2026
16 filings cited on this page
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White Mountains Insurance Group brief$1,500Get the executive brief
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246 figures on this page: 235 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — G. Manning Rountree: $7,422,958 → $8,064,309 (8.6% higher)
Say-on-pay support: 97.6% → 98.2% (0.6 points higher)
CEO pay ratio: 100:1 → 69:1 (31.0% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is White Mountains Insurance Group's chief executive and what were they paid?
G. Manning Rountree was paid $8,064,309 in total compensation as Chief Executive Officer for fiscal 2025. Rountree's total moved 8.6% higher from the $7,422,958 reported for fiscal 2024.
What was White Mountains Insurance Group's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 98.2% of votes cast for or against in favor at the meeting held May 21, 2026.
Which companies are in White Mountains Insurance Group's peer group?
The disclosed peer group includes Arch Capital Group, Assured Guaranty, Axis Capital, Enstar and Everest Group, among others.
What is White Mountains Insurance Group's chief executive pay ratio?
The company reported a chief executive pay ratio of 69:1 for fiscal 2025, against median employee compensation of $117,549.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
G. Manning Rountree
Chief Executive Officer
◇—◇—◇—◇◇
Liam Caffrey
Executive Vice President & Chief Financial Officer
◇◇◇—◇—◇◇
Robert Seelig
Executive Vice President & General Counsel
◇—◇—◇—◇◇
Michaela Hildreth
Managing Director &
◇—◇—◇—◇◇
Reid Campbell
President & Former Chief Financial Officer
Departed during or after this year
◇———◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
G. Manning Rountree
Chief Executive Officer
◇—◇—◇—◇◇
Liam Caffrey
President & Chief Financial Officer
◇◇◇—◇—◇◇
Robert Seelig
Executive Vice President & General Counsel
◇—◇—◇—◇◇
Michaela Hildreth
Managing Director & Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
G. Manning Rountree
Chief Executive Officer
◇—◇—◇—◇◇
Liam P. Caffrey
Executive Vice President & Chief Financial Officer
◇◇◇———◇— not reconciled
Giles E. Harrison
Executive Vice President & Chief Strategy Officer
◇◇◇———◇— not reconciled
Robert L. Seelig
Executive Vice President & General Counsel
◇—◇———◇— not reconciled
Michaela Hildreth
Managing Director & Chief Accounting Officer
◇—◇———◇— not reconciled
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
G. Manning Rountree
Chief Executive Officer
◇—◇—◇—◇◇
Liam Caffrey
President & Chief Financial Officer
◇—◇—◇—◇◇
Giles Harrison
Executive Vice President & Chief Strategy Officer
◇◇◇—◇—◇◇
Robert Seelig
Executive Vice President & General Counsel
◇—◇—◇—◇◇
Michaela Hildreth
Managing Director & Chief Accounting Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
G. Manning RountreeRSU◇——◇——◇
G. Manning RountreePSU◇◇◇—◇—◇
Giles E. HarrisonPSU◇◇◇—◇—◇
Giles E. HarrisonRSU◇——◇——◇
Liam P. CaffreyRSU◇——◇——◇
Liam P. CaffreyPSU◇◇◇—◇—◇
Manning RountreePSA——◇—◇—◇
Manning RountreeRSA——◇—◇—◇
Michaela J. HildrethRSU◇——◇——◇
Michaela J. HildrethPSU◇◇◇—◇—◇
Robert L. SeeligRSU◇——◇——◇
Robert L. SeeligPSU◇◇◇—◇—◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
G. RountreePSU◇◇——
PSU◇◇——
Liam CaffreyPSU◇◇——
PSU◇◇——
Robert SeeligPSU◇◇——
PSU◇◇——
Giles HarrisonPSU◇◇——
Michaela HildrethPSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
G. Manning Rountree
Chief Executive Officer
Clawback◇
Giles Harrison
Chief Strategy Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Excise tax treatment◇
Liam Caffrey
President · Terms as described in the company’s compensation discussion · citing a 2026 filing
Excise tax treatment◇
Michaela Hildreth
Managing Director & Chief Accounting Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Excise tax treatment◇
Robert Seelig
General Counsel · Terms as described in the company’s compensation discussion · citing a 2026 filing
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Weston M. Hicks
Board chair
◇◇————◇
Reid T. Campbell
◇◇———◇◇
Peter M. Carlson
◇◇———◇◇
Philip A. Gelston
◇◇———◇◇
Mary C. Choksi
◇◇———◇◇
David A. Tanner
◇◇————◇
Margaret Dillon
◇◇————◇
Steven M. Yi
◇◇————◇
Suzanne F. Shank
◇◇————◇
Liam P. Caffrey served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Stock ownership guideline: Share ownership guidelines for executive officers and directors

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Arch Capital Group ACGL
  • Assured Guaranty AGO
  • Axis Capital AXS
  • Enstar ESGR
  • Everest Group EG
  • Hanover THG
  • Kinsale KNSL
  • Markel Corp MKL
  • RenaissanceRe Holdings RNR
  • RLI Corp. RLI
  • Selective Insurance Group SIGI
  • SiriusPoint SPNT
  • W.R. Berkley WRB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 25, 2023=◇◇◇
2021May 26, 2022=◇◇◇
2020May 27, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 23, 2019=◇◇◇
2017May 24, 2018=◇◇◇
2016May 25, 2017=◇◇◇
2015May 26, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- G. Manning Rountree (Chief Executive Officer), FY2025 total compensation $8,064,309 (base salary $600,000) [exec_comp, SEC accession 0001104659-26-038487, filed 2026-04-01]

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What this page does not include

Everything above is a fact White Mountains Insurance Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where White Mountains Insurance Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
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Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
246 figures on this page: 235 cited to the filing that reported them, 11 calculated from figures it prints.
235 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001628280-26-037284
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-038487
    CEO Pay Ratio · Compensation Discussion and Analysis · FROM OUR COMPENSATION · Grants of Plan-Based Awards · and 2 more sections
  3. 0000776867-25-000007
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001104659-25-031124
  5. 0000776867-24-000011
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-043314
    Summary Compensation Table
  7. 0000776867-23-000009
  8. 0001104659-23-042136
  9. 0000776867-22-000009
  10. 0000776867-21-000009
  11. 0000776867-20-000024
  12. 0000776867-19-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000776867-19-000015
    Employment Agreement
  14. 0000776867-18-000010
  15. 0000776867-17-000016
  16. 0000776867-16-000047
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This page is free to cite. Attribution we ask for:
Velarion, “White Mountains Insurance Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/WTM (accessed 2026).
Short form: data: Velarion

The White Mountains Insurance Group brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers White Mountains Insurance Group discloses

The companies named in WTM's own disclosed peer group.

Arch Capital GroupAssured GuarantyAxis CapitalEnstarEverest GroupHanoverKinsaleMarkel CorpRenaissanceRe HoldingsRLI Corp.Selective Insurance GroupSiriusPointW.R. Berkley

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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