White Mountains Insurance Group Financial Statements
NYSE: WTMFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
White Mountains Insurance Group revenue and earnings
In fiscal 2025, White Mountains Insurance Group generated $3.73 billion in revenue, up 66.8% from fiscal 2024, its 4th consecutive year of revenue growth. Net income was $1.11 billion (+380.2% year over year), for a net margin of 29.6% versus a median of 23.5% in the prior 5 years. Gross margin was 95.9% (down from 98.7%).
Diluted earnings per share came in at $430.14, up from $89.79. Over the last 5 fiscal years, WTM's revenue has grown at a 33.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
White Mountains Insurance Group income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.73B | 2.24B | 2.17B | 1.16B | 614.40M | 895.60M | 893.40M | 369.10M | 373.80M | 157.70M |
| Revenue growth (YoY) | +66.76% | +3.37% | +87.12% | +88.46% | -31.40% | +0.25% | +142.05% | -1.26% | +137.03% | -64.16% |
| Cost of Revenue | 151.80M | 29.60M | 40.40M | 98.60M | 69.30M | 11.30M | 48.10M | 248.70M | 139.40M | 102.00M |
| Gross Profit | 3.58B | 2.21B | 2.13B | 1.06B | 545.10M | 884.30M | 845.30M | 120.40M | 234.40M | 55.70M |
| Operating Expenses | 2.41B | 1.92B | 1.60B | 1.31B | 888.00M | 235.20M | 488.30M | 547.30M | 366.00M | 305.00M |
| Interest Expense | 78.40M | 60.80M | 62.70M | 40.30M | 20.50M | 7.40M | 17.60M | 9.50M | 2.30M | 3.00M |
| Pretax Income | 1.33B | 316.70M | 565.40M | -149.40M | -273.60M | 660.40M | 405.10M | -178.20M | 7.80M | -147.30M |
| Income Tax | 126.90M | 32.60M | -15.50M | 41.40M | 44.40M | -14.80M | 29.30M | -4.00M | -7.80M | -32.90M |
| Net Income | 1.11B | 230.40M | 509.20M | 792.80M | -275.40M | 663.40M | 376.60M | -191.40M | 593.10M | 409.00M |
| Net Income growth (YoY) | +380.21% | -54.75% | -35.77% | — | -141.51% | +76.16% | — | -132.27% | +45.01% | +47.81% |
| EPS (Basic) | 430.14 | 89.79 | 198.60 | 276.96 | -89.46 | 226.97 | 130.27 | -41.76 | 146.06 | 80.11 |
| EPS (Diluted) | 430.14 | 89.79 | 198.60 | 276.96 | -89.46 | 226.97 | 130.27 | -41.76 | 146.06 | 80.06 |
| Shares Outstanding (Basic) | 2.53M | 2.53M | 2.53M | 2.83M | 3.04M | 3.08M | 3.14M | 3.34M | 4.24M | 4.95M |
| Shares Outstanding (Diluted) | 2.53M | 2.53M | 2.53M | 2.83M | 3.04M | 3.08M | 3.14M | 3.34M | 4.24M | 4.95M |
| Gross Margin | 95.94% | 98.68% | 98.14% | 91.48% | 88.72% | 98.74% | 94.62% | 32.62% | 62.71% | 35.32% |
| Net Margin | 29.62% | 10.29% | 23.50% | 68.47% | -44.82% | 74.07% | 42.15% | -51.86% | 158.67% | 259.35% |
This table shows 10 annual periods of White Mountains Insurance Group's income statement, from FY 2025 back to FY 2016, across 14 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow WTM's reporting calendar. What is a income statement?