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) Operating margin
White Mountains Insurance Group, Ltd.'s operating margin over the twelve months to 30 June 2026 was 40.8%, down 1.5 percentage points from fiscal 2025 (42.3%). Over the past ten years it has ranged from −91.5% (fiscal 2016) to 74.6% (fiscal 2020); the current reading is higher than 82% of that period. That is above the Insurance Property & Casualty industry median of 14.7% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 42.3% | 22.72 |
| FY2024 | 19.6% | (11.65) |
| FY2023 | 31.2% | 39.17 |
| FY2022 | −7.93% | 32.37 |
| FY2021 | −40.3% | (114.86) |
| FY2020 | 74.6% | 27.01 |
| FY2019 | 47.6% | 92.52 |
| FY2018 | −45.0% | (47.67) |
| FY2017 | 2.70% | 94.20 |
| FY2016 | −91.5% | (121.23) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 32.5% | 31.78 |
| Mar 2026 | 0.73% | (67.05) |
| Dec 2025 | 67.8% | 44.79 |
| Sep 2025 | 23.0% | (5.23) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| WTM White Mountains Insurance Group, Ltd. | 40.8% |
| KNSL Kinsale Capital Group, Inc. compare | 34.3% |
| RLI RLI Corp. compare | 26.4% |
| PLMR Palomar Holdings, Inc. compare | 24.9% |
| ORI Old Republic International Corporation compare | 14.9% |
| THG The Hanover Insurance Group, Inc. compare | 14.7% |
| HGTY Hagerty, Inc. compare | 13.4% |
| MCY Mercury General Corporation compare | 13.4% |
| SIGI Selective Insurance Group, Inc. compare | 12.8% |
| Insurance Property & Casualty industry median | 14.7% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on WTM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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