WTM
White Mountains Insurance Group Ltd
NYSE: WTM · FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY
$2,206.00
-2.55% today
Updated 2026-04-29
Market cap
$5.46B
P/E ratio
5.13
P/S ratio
1.46x
EPS (TTM)
$430.17
Dividend yield
0.04%
52W range
$1,647 – $2,333
Volume
0.0M
White Mountains Insurance Group Ltd (WTM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.79B | $4.73B | $2.96B | $4.45B | $3.57B | $2.17B | $2.44B | $1.36B | $1.41B | $440.00M | $157.70M | $373.80M | $369.10M | $893.40M | $895.60M | $614.40M | $1.16B | $2.17B | $2.35B | $2.71B |
| Revenue growth (YoY) | — | -1.3% | -37.6% | +50.5% | -19.7% | -39.1% | +12.1% | -44.1% | +3.6% | -68.8% | -64.2% | +137.0% | -1.3% | +142.0% | +0.2% | -31.4% | +88.5% | +87.1% | +8.7% | +15.0% |
| Cost of revenue | $3.71B | $3.72B | $3.73B | $3.35B | $3.16B | $1.58B | $1.62B | $832.50M | $1.03B | $14.50M | $13.60M | $5.20M | $33.70M | $70.50M | $82.30M | $581.30M | $787.00M | $1.02B | $1.28B | $1.25B |
| Gross profit | $4.79B | $4.73B | $2.96B | $4.45B | $3.57B | $596.60M | $811.60M | $529.10M | $380.90M | $425.50M | $144.10M | $368.60M | $335.40M | $822.90M | $813.30M | $33.10M | $370.90M | $1.15B | $1.07B | $1.45B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 27.5% | 33.3% | 38.9% | 27.0% | 96.7% | 91.4% | 98.6% | 90.9% | 92.1% | 90.8% | 5.4% | 32.0% | 53.1% | 45.6% | 53.7% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $218.30M | $200.50M | $237.90M | $263.00M | $203.70M | $175.30M | $182.20M | $149.10M | $216.50M | $192.10M | $175.50M | $208.00M | $233.50M | $328.20M | $207.90M | $291.60M | $364.10M | $432.60M | $490.10M | $700.20M |
| Operating income | $880.80M | $690.90M | $-938.50M | $749.60M | $164.70M | $98.00M | $262.80M | $158.60M | $-29.40M | $129.20M | $-147.30M | $7.80M | $-178.20M | $405.10M | $660.40M | $-273.60M | $-149.40M | $565.40M | $316.70M | $1.33B |
| Operating margin | 18.4% | 14.6% | -31.8% | 16.9% | 4.6% | 4.5% | 10.8% | 11.6% | -2.1% | 29.4% | -93.4% | 2.1% | -48.3% | 45.3% | 73.7% | -44.5% | -12.9% | 26.1% | 13.5% | 49.1% |
| EBITDA | $880.80M | $690.90M | $-938.50M | $749.60M | $164.70M | $153.20M | $358.40M | $203.40M | $20.10M | $134.60M | $-123.90M | $32.50M | $-143.00M | $452.50M | $677.40M | $-231.50M | $-104.80M | $610.30M | $371.10M | $1.41B |
| EBITDA margin | 18.4% | 14.6% | -31.8% | 16.9% | 4.6% | 7.0% | 14.7% | 14.9% | 1.4% | 30.6% | -78.6% | 8.7% | -38.7% | 50.6% | 75.6% | -37.7% | -9.1% | 28.2% | 15.8% | 52.1% |
| EBIT | $880.80M | $690.90M | $-938.50M | $749.60M | $164.70M | $-331.80M | $307.60M | $174.80M | $-15.20M | $130.80M | $-144.30M | $10.10M | $-168.70M | $422.70M | $667.80M | $-253.10M | $-109.10M | $628.10M | $377.50M | $1.41B |
| Interest expense | $108.70M | $73.00M | $115.50M | $70.80M | $57.30M | $55.20M | $44.80M | $16.20M | $14.20M | $1.60M | $3.00M | $2.30M | $9.50M | $17.60M | $7.40M | $20.50M | $40.30M | $62.70M | $60.80M | $58.80M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $673.20M | $407.40M | $-555.30M | $470.00M | $86.50M | $767.90M | $207.40M | $321.60M | $312.20M | $295.20M | $401.80M | $627.20M | $-141.20M | $414.50M | $708.70M | $-275.40M | $792.80M | $509.20M | $230.40M | $1.11B |
| Net income growth (YoY) | — | -39.5% | -236.3% | +184.6% | -81.6% | +787.7% | -73.0% | +55.1% | -2.9% | -5.4% | +36.1% | +56.1% | -122.5% | +393.6% | +71.0% | -138.9% | +387.9% | -35.8% | -54.8% | +380.2% |
| Profit margin | 14.0% | 8.6% | -18.8% | 10.6% | 2.4% | 35.3% | 8.5% | 23.6% | 22.1% | 67.1% | 254.8% | 167.8% | -38.3% | 46.4% | 79.1% | -44.8% | 68.5% | 23.5% | 9.8% | 40.9% |