White Mountains Insurance Group, Ltd. (WTM) — Financial statements
Income statement, balance sheet, and cash flow for White Mountains Insurance Group, Ltd. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,707↑15.0% | 2,354↑8.7% | 2,167↑87.1% | 1,158↑88.5% | 614 | |
| Cost of Revenue | 1,253↓2.2% | 1,281↑26.0% | 1,017↑29.2% | 787↑35.4% | 581 | |
| Gross Profit | 1,454↑35.5% | 1,073↓6.7% | 1,150↑210.0% | 371↑1020.5% | 33 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 700↑42.9% | 490↑13.3% | 433↑18.8% | 364↑24.9% | 292 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 700↑42.9% | 490↑13.3% | 433↑18.8% | 364↑24.9% | 292 | |
| Other Expenses | -575↓315.8% | 266↑75.4% | 152↓2.8% | 156↑934.4% | 15 | |
| Operating Expenses | 126↓83.4% | 756↑29.4% | 584↑12.3% | 520↑69.6% | 307 | |
| Total Costs & Expenses | 1,379↓32.3% | 2,038↑27.2% | 1,601↑22.5% | 1,307↑47.2% | 888 | |
| Operating Results | ||||||
| Operating Income | 1,329↑319.5% | 317↓44.0% | 565↑478.4% | -149↑45.4% | -274 | |
| Depreciation & Amortization | 3↑140.6% | -6↑64.0% | -18↓514.0% | 4↓80.1% | 22 | |
| EBITDA | 1,410↑279.9% | 371↓39.2% | 610↑682.3% | -105↑54.7% | -232 | |
| EBIT | 1,407↑272.7% | 378↓39.9% | 628↑675.7% | -109↑56.9% | -253 | |
| Interest & Other Income | ||||||
| Net Interest Income | -36↑19.3% | -45↑28.2% | -63↓55.6% | -40↓96.6% | -21 | |
| Interest Income | 23↑42.4% | 16 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 59↓3.3% | 61↓3.0% | 63↑55.6% | 40↑96.6% | 21 | |
| Non-Operating Income | -78↓28.9% | -61↑3.0% | -63↓55.6% | -40↓96.6% | -21 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 1,329↑319.5% | 317↓44.0% | 565↑478.4% | -149↑45.4% | -274 | |
| Income Tax Expense | 127↑289.3% | 33↑310.3% | -16↓137.4% | 41↓6.8% | 44 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,202↑323.0% | 284↓51.1% | 581↑404.5% | -191↑40.0% | -318 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00↓100.0% | 903↑23259.0% | -4 | |
| Net Income | 1,106↑380.2% | 230↓54.8% | 509↓35.8% | 793↑387.9% | -275 | |
| Bottom-Line Net Income | 1,103↑385.0% | 227↓54.7% | 502↓36.7% | 793↑392.6% | -271 | |
| EPS (Basic) | 430.14↑379.1% | 89.79↓54.8% | 198.63↓28.3% | 276.96↑409.6% | -89.46 | |
| EPS (Diluted) | 430.14↑379.1% | 89.79↓54.8% | 198.63↓28.3% | 276.96↑409.6% | -89.46 | |
| Weighted Average Shares | 3↑0.9% | 3↑0.2% | 3↓10.6% | 3↓7.1% | 3 | |
| Weighted Average Diluted Shares | 3↑0.9% | 3↑0.2% | 3↓10.6% | 3↓7.1% | 3 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.