stockrowWhite Mountains Insurance Group, Ltd.
WTM Financial Insurance Property & Casualty
White Mountains Insurance Group, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $3.7 billion, up 66.8% from fiscal 2024.
- Revenue
- +22.6%
- EPS
- +68.8%
- Free cash flow
- −131.3%
- Total debt
- +34.2%
Quarter to June 2026, against a year earlier
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White Mountains Insurance Group, Ltd. (WTM) Gross margin
White Mountains Insurance Group, Ltd.'s gross margin over the twelve months to 30 June 2026 was 59.4%, down 1.1 percentage points from fiscal 2025 (60.5%). Over the past ten years it has ranged from 7.16% (fiscal 2021) to 98.0% (fiscal 2020); the current reading is higher than 64% of that period. That is above the Insurance Property & Casualty industry median of 41.7% and below the Financial sector median of 70.2%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 60.5% | 16.71 |
| FY2024 | 43.8% | (7.44) |
| FY2023 | 51.2% | 27.68 |
| FY2022 | 23.5% | 16.36 |
| FY2021 | 7.16% | (90.80) |
| FY2020 | 98.0% | 11.24 |
| FY2019 | 86.7% | 63.34 |
| FY2018 | 23.4% | (37.83) |
| FY2017 | 61.2% | 34.77 |
| FY2016 | 26.4% | (48.90) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 54.4% | 25.72 |
| Mar 2026 | 28.7% | (48.08) |
| Dec 2025 | 76.8% | 26.68 |
| Sep 2025 | 50.1% | (5.38) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| HGTY Hagerty, Inc. compare | 100.0% |
| WTM White Mountains Insurance Group, Ltd. | 59.4% |
| THG The Hanover Insurance Group, Inc. compare | 44.4% |
| SIGI Selective Insurance Group, Inc. compare | 41.8% |
| KNSL Kinsale Capital Group, Inc. compare | 34.5% |
| RLI RLI Corp. compare | 33.5% |
| PLMR Palomar Holdings, Inc. compare | 24.9% |
| MCY Mercury General Corporation compare | 21.1% |
| ORI Old Republic International Corporation compare | 14.9% |
| Insurance Property & Casualty industry median | 41.7% |
| Financial sector median | 70.2% |
| Market median | 46.4% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement