White Mountains Insurance Group, Ltd. (WTM) quarterly income statement — complete revenue, gross profit & net income history
White Mountains Insurance Group, Ltd. (WTM) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 844.6M | 515.4M | 576.1M | 864.2M | 689.2M | 577.8M | 358M | 953.6M | 395.4M | 647.3M | 736.8M | 519.6M | 378.5M | 531.9M | 437.6M | 383.2M | 76.7M | 260.4M | 350M | -92.4M |
| Revenue Growth % | 22.55% | -10.8% | 60.92% | -9.38% | 74.3% | -10.74% | -51.41% | 83.53% | 4.46% | 21.7% | 68.37% | 35.59% | 393.48% | 104.26% | 25.03% | 514.72% | -77.6% | 46.13% | -32.8% | -120.11% |
| Medical Costs & Claims | 0 | 207M | 195.4M | 397.3M | 285.8M | 374.4M | 322.9M | 419.2M | 259.8M | 266.7M | 218M | 358.2M | 230.4M | 210.3M | 146.4M | 290.2M | 175.5M | 195.5M | 141.7M | 206.3M |
| Medical Cost Ratio % | 0% | 40.16% | 33.92% | 45.97% | 41.47% | 64.8% | 90.2% | 43.96% | 65.71% | 41.2% | 29.59% | 68.94% | 60.87% | 39.54% | 33.46% | 75.73% | 228.81% | 75.08% | 40.49% | -223.27% |
| Gross Profit | 844.6M | 308.4M | 380.7M | 466.9M | 403.4M | 203.4M | 35.1M | 534.4M | 135.6M | 380.6M | 518.8M | 161.4M | 148.1M | 321.6M | 291.2M | 93M | -98.8M | 64.9M | 208.3M | -298.7M |
| Gross Margin % | 100% | 59.84% | 66.08% | 54.03% | 58.53% | 35.2% | 9.8% | 56.04% | 34.29% | 58.8% | 70.41% | 31.06% | 39.13% | 60.46% | 66.54% | 24.27% | -128.81% | 24.92% | 59.51% | 323.27% |
| Gross Profit Growth % | 109.37% | 51.62% | 984.62% | -12.63% | 197.49% | -46.56% | -93.23% | 231.1% | -8.44% | 18.35% | 78.16% | 73.55% | 249.9% | 395.53% | 39.8% | 131.13% | -142.48% | 18.65% | -58.37% | -167.76% |
| Operating Expenses | 588.6M | 333.9M | -520.3M | 288.1M | 226.9M | 131M | 155.8M | 294.9M | 170.3M | 148M | 191M | 140.3M | 130.6M | 122.5M | 162.2M | 124M | 133.8M | 96M | 171.6M | 61.9M |
| OpEx / Revenue % | 69.69% | 64.78% | -90.31% | 33.34% | 32.92% | 22.67% | 43.52% | 30.92% | 43.07% | 22.86% | 25.92% | 27% | 34.5% | 23.03% | 37.07% | 32.36% | 174.45% | 36.87% | 49.03% | -66.99% |
| Depreciation & Amortization | 8.6M | 4.8M | 6.4M | 2.3M | -800K | 1.1M | 1.1M | -2.7M | -2.7M | -2.1M | -7.5M | -5.3M | -2.6M | -2.4M | -2.7M | -1.4M | 4.1M | 4.3M | 20.7M | 5.4M |
| Combined Ratio % | 69.69% | 104.95% | -56.4% | 79.31% | 74.39% | 87.47% | 133.72% | 74.88% | 108.78% | 64.07% | 55.51% | 95.94% | 95.38% | 62.57% | 70.52% | 108.09% | 403.26% | 111.94% | 89.51% | -290.26% |
| Operating Income | 256M | -25.5M | 901M | 178.8M | 176.5M | 72.4M | -120.7M | 239.5M | -34.7M | 232.6M | 327.8M | 21.1M | 17.5M | 199.1M | 129M | -31M | -232.6M | -31.1M | 36.7M | -360.6M |
| Operating Margin % | 30.31% | -4.95% | 156.4% | 20.69% | 25.61% | 12.53% | -33.72% | 25.12% | -8.78% | 35.93% | 44.49% | 4.06% | 4.62% | 37.43% | 29.48% | -8.09% | -303.26% | -11.94% | 10.49% | 390.26% |
| Operating Income Growth % | 45.04% | -135.22% | 846.48% | -25.34% | 608.65% | -68.87% | -136.82% | 1035.07% | -298.29% | 16.83% | 154.11% | 168.06% | 107.52% | 740.19% | 251.5% | 91.4% | -244.11% | 77.58% | -89.73% | -212.27% |
| EBITDA | 264.6M | -20.7M | 907.4M | 181.1M | 175.7M | 73.5M | -119.6M | 236.8M | -37.4M | 230.5M | 320.3M | 15.8M | 14.9M | 196.7M | 126.3M | -32.4M | -228.5M | -26.8M | 57.4M | -355.2M |
| EBITDA Margin % | 31.33% | -4.02% | 157.51% | 20.96% | 25.49% | 12.72% | -33.41% | 24.83% | -9.46% | 35.61% | 43.47% | 3.04% | 3.94% | 36.98% | 28.86% | -8.46% | -297.91% | -10.29% | 16.4% | 384.42% |
| Interest Expense | 0 | 19.3M | 2.5M | 19.9M | 18.6M | 17.8M | 14.1M | 16.7M | 14.8M | 15.2M | 17.8M | 15.7M | 14.2M | 15M | 12.8M | 10.5M | 10.1M | 6.9M | 11.3M | 4.4M |
| Non-Operating Income | 0 | -19.3M | -22.1M | -19.9M | -18.6M | -17.8M | -14.1M | -16.7M | -14.8M | -15.2M | -17.8M | -15.7M | -14.1M | -15M | -12.8M | -10.5M | -10.1M | -23.2M | -11.3M | -4.4M |
| Pretax Income | 256M | -25.5M | 901M | 178.8M | 176.5M | 72.4M | -120.7M | 239.5M | -34.7M | 232.6M | 327.8M | 21.1M | 17.4M | 199.1M | 129M | -31M | -232.6M | -14.8M | 36.7M | -360.6M |
| Pretax Margin % | 30.31% | -4.95% | 156.4% | 20.69% | 25.61% | 12.53% | -33.72% | 25.12% | -8.78% | 35.93% | 44.49% | 4.06% | 4.6% | 37.43% | 29.48% | -8.09% | -303.26% | -5.68% | 10.49% | 390.26% |
| Income Tax | 24.8M | 800K | 87.3M | 17.1M | 12.9M | 9.6M | 3.7M | 11.6M | 6.5M | 10.8M | -34.9M | 7.3M | 200K | 11.9M | 67.5M | -7.4M | -16M | -2.7M | -3.3M | 28.6M |
| Effective Tax Rate % | 9.69% | -3.14% | 9.69% | 9.56% | 7.31% | 13.26% | -3.07% | 4.84% | -18.73% | 4.64% | -10.65% | 34.6% | 1.15% | 5.98% | 52.33% | 23.87% | 6.88% | 18.24% | -8.99% | -7.93% |
| Net Income | 199.5M | -31.1M | 835.8M | 113.8M | 122.9M | 33.9M | -130.4M | 179M | -54.6M | 236.4M | 286.5M | 23.6M | 19.6M | 179.5M | 40.4M | 888.2M | -169.2M | 33.4M | 32.8M | -371.4M |
| Net Margin % | 23.62% | -6.03% | 145.08% | 13.17% | 17.83% | 5.87% | -36.42% | 18.77% | -13.81% | 36.52% | 38.88% | 4.54% | 5.18% | 33.75% | 9.23% | 231.78% | -220.6% | 12.83% | 9.37% | 401.95% |
| Net Income Growth % | 62.33% | -191.74% | 740.95% | -36.42% | 325.09% | -85.66% | -145.51% | 658.47% | -378.57% | 31.7% | 609.16% | -97.34% | 111.58% | 437.43% | 23.17% | 339.15% | -222.17% | 144.36% | -93.3% | -259.47% |
| EPS (Diluted) | 80.58 | -12.59 | 327.23 | 44.19 | 47.73 | 13.19 | -50.15 | 69.69 | -21.29 | 92.33 | 111.87 | 9.24 | 7.64 | 69.84 | 19.69 | -8.26 | -56.80 | 11.10 | 10.87 | -120.18 |
| EPS Growth % | 68.82% | -195.45% | 752.5% | -36.59% | 324.19% | -85.71% | -144.83% | 654.22% | -378.66% | 32.2% | 468.16% | 211.86% | 113.45% | 529.19% | 81.14% | 93.13% | -227.47% | 145.68% | -93.11% | -259.56% |
| EPS (Basic) | 80.58 | -12.59 | 327.23 | 44.19 | 47.73 | 13.19 | -50.15 | 69.69 | -21.29 | 92.33 | 111.87 | 9.24 | 7.64 | 69.84 | 15.69 | -8.26 | -56.80 | 11.10 | 10.87 | -120.18 |
| Diluted Shares Outstanding | 2.41M | 2.55M | 2.55M | 2.54M | 2.54M | 2.54M | 2.57M | 2.53M | 2.53M | 2.53M | 2.56M | 2.52M | 2.52M | 2.54M | 2.57M | 2.86M | 2.94M | 2.98M | 3.02M | 3.05M |