20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
White Mountains Insurance Group Ltd (WTM) operates in the INSURANCE - PROPERTY & CASUALTY industry and is headquartered in Hamilton, Bermuda with about 1,648 employees. Its market capitalization is roughly $5 billion. In the fiscal year ended 2025-12-31, WTM reported $2.7B in revenue and $1.1B in net income.
White Mountains Insurance Group, Ltd. provides insurance services in the United States, the United Kingdom, Bermuda, and internationally. It operates through Ark/WM Outrigger, HG Global, Kudu, Distinguished, and Other Operations segments.
Interactive charts & full statements → Open the WTM valuation workbench →
| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.8B | $2.7B | $2.4B | $2.2B | $1.2B | $614M | $896M | $893M | $369M | $374M | $158M | $440M | $1.4B | $1.4B | $2.4B | $2.2B | $3.6B | $4.4B | $3.0B | $4.7B | $4.8B |
| Gross Profit | $1.7B | $1.5B | $1.1B | $1.1B | $371M | $33M | $813M | $823M | $335M | $369M | $144M | $426M | $381M | $529M | $812M | $597M | $3.6B | $4.4B | $3.0B | $4.7B | $4.8B |
| Gross Margin % | 61.5% | 53.7% | 45.6% | 53.1% | 32.0% | 5.4% | 90.8% | 92.1% | 90.9% | 98.6% | 91.4% | 96.7% | 27.0% | 38.9% | 33.3% | 27.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Income (EBIT) | $1.3B | $1.3B | $317M | $565M | ($149M) | ($274M) | $660M | $405M | ($178M) | $8M | ($147M) | $129M | ($29M) | $159M | $263M | $98M | $165M | $750M | ($938M) | $691M | $881M |
| Operating Margin % | 46.8% | 49.1% | 13.5% | 26.1% | -12.9% | -44.5% | 73.7% | 45.3% | -48.3% | 2.1% | -93.4% | 29.4% | -2.1% | 11.7% | 10.8% | 4.5% | 4.6% | 16.9% | -31.8% | 14.6% | 18.4% |
| Net Income | $1.1B | $1.1B | $230M | $509M | $793M | ($275M) | $709M | $414M | ($141M) | $627M | $402M | $295M | $312M | $322M | $207M | $768M | $86M | $470M | ($555M) | $407M | $673M |
| Net Margin % | 40.0% | 40.9% | 9.8% | 23.5% | 68.5% | -44.8% | 79.1% | 46.4% | -38.3% | 167.8% | 254.8% | 67.1% | 22.1% | 23.6% | 8.5% | 35.3% | 2.4% | 10.6% | -18.8% | 8.6% | 14.0% |
| EBITDA | $1.4B | $1.4B | $371M | $610M | ($105M) | ($232M) | $677M | $452M | ($143M) | $32M | ($124M) | $135M | $20M | $203M | $358M | $153M | $165M | $750M | ($938M) | $691M | $881M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $845M | $515M | $576M | $864M | $689M | $578M | $358M | $954M |
| Gross Profit | $566M | $308M | $381M | $467M | $403M | $203M | $35M | $534M |
| Gross Margin % | 67.0% | 59.8% | 66.1% | 54.0% | 58.5% | 35.2% | 9.8% | 56.0% |
| Operating Income (EBIT) | $256M | ($26M) | $901M | $179M | $176M | $72M | ($121M) | $240M |
| Operating Margin % | 30.3% | -5.0% | 156.4% | 20.7% | 25.6% | 12.5% | -33.7% | 25.1% |
| Net Income | $200M | ($31M) | $836M | $114M | $123M | $34M | ($130M) | $179M |
| Net Margin % | 23.6% | -6.0% | 145.1% | 13.2% | 17.8% | 5.9% | -36.4% | 18.8% |
| EBITDA | $285M | ($1M) | $930M | $201M | $194M | $91M | ($106M) | $254M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $425M | $550M | $587M | $404M | $326M | $39M | ($61M) | ($120M) | ($31M) | ($62M) | ($131M) | $242M | $119M | ($29M) | ($30M) | ($114M) | $56M | ($47M) | $89M | $354M | $96M |
| Capital Expenditures (CapEx) | — | $0M | $0M | $0M | $0M | $106M | $70M | $29M | $34M | $195M | $4M | $117M | $4M | $12M | $2M | $6M | $8M | $11M | $10M | $26M | $20M |
| Free Cash Flow (FCF) | $425M | $550M | $587M | $404M | $326M | ($68M) | ($130M) | ($150M) | ($65M) | ($258M) | ($135M) | $125M | $115M | ($40M) | ($32M) | ($120M) | $48M | ($58M) | $80M | $328M | $76M |
| FCF Margin % | 15.2% | 20.3% | 24.9% | 18.6% | 28.2% | -11.0% | -14.6% | -16.8% | -17.6% | -69.0% | -85.5% | 28.5% | 8.1% | -3.0% | -1.3% | -5.5% | 1.4% | -1.3% | 2.7% | 6.9% | 1.6% |
| Dividends Paid | $10M | $3M | $2M | $3M | $3M | $3M | $3M | $3M | $4M | $5M | $5M | $6M | $6M | $6M | $25M | $27M | $28M | $8M | $142M | $150M | $116M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | ($25M) | $37M | $54M | $359M | $178M | ($40M) | $64M | $269M |
| Free Cash Flow (FCF) | ($25M) | $37M | $54M | $359M | $178M | ($40M) | $64M | $269M |
| FCF Margin % | -3.0% | 7.1% | 9.4% | 41.6% | 25.8% | -7.0% | 17.9% | 28.2% |
| Dividends Paid | $2M | $2M | $3M | $3M | $3M | $3M | $2M | $2M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WTM viewer.
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