WHITE MOUNTAINS INSURANCE GROUP LTD — Director's Dealing 2012

Feb 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)
CIK: 0000776867
Period of Report: 2012-02-22

Reporting Person: PALMER JESS BRIAN (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-22	Common Shares (restricted)	A	800	—	Acquired	2365	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1300	Direct
Common Shares	335	Indirect

Footnotes

F1: On February 22, 2012, the Reporting Person received a restricted share award of 800 Common Shares which vest on January 1, 2015.

F2: Reflects accumulation of 54 WTM Common Shares in Reporting Person's Company 401(k) account since his last filed report. WTM Common Shares are purchased at fair market value on the date of purchase. The information in this report is based on a plan statement dated as of Feb 17, 2012.