White Mountains Insurance Group Financial Ratios
NYSE: WTMFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
White Mountains Insurance Group ratio analysis
White Mountains Insurance Group earned a net margin of 29.6% in FY 2025, up from 10.3% a year earlier. Gross margin was 95.9% compared with a median of 91.5% over the prior 9 years. Return on equity reached 20.4%, meaning White Mountains Insurance Group generated 0.20 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.15 versus 0.13 the year before. At the end of FY 2025, WTM traded at 4.7 times earnings; across the 8 fiscal years shown, its year-end P/E ranged from 4.4 to 21.5, with a median of 6.7. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
White Mountains Insurance Group financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 4.75 | 21.54 | 7.58 | 5.11 | — | 4.41 | 8.60 | — | 5.83 | 10.44 |
| Price / sales | 1.39 | 2.19 | 1.76 | 3.45 | 5.02 | 3.44 | 3.94 | 7.74 | 9.65 | 26.24 |
| Price / book | 0.95 | 1.09 | 0.90 | 1.07 | 0.87 | 0.79 | 1.08 | 1.00 | 1.03 | 1.16 |
| Gross margin | 95.9% | 98.7% | 98.1% | 91.5% | 88.7% | 98.7% | 94.6% | 32.6% | 62.7% | 35.3% |
| Net margin | 29.6% | 10.3% | 23.5% | 68.5% | -44.8% | 74.1% | 42.2% | -51.9% | 158.7% | 259.4% |
| Free cash flow margin | 14.7% | 26.2% | 18.7% | 31.5% | 6.3% | -6.8% | -13.5% | -8.4% | 25.3% | -98.4% |
| Return on equity (ROE) | 20.4% | 5.1% | 12.0% | 21.2% | -7.8% | 17.0% | 11.5% | -6.7% | 17.0% | 11.4% |
| Return on assets (ROA) | 9.0% | 2.3% | 6.1% | 10.7% | -3.9% | 13.7% | 9.5% | -5.7% | 16.2% | 6.3% |
| Debt / equity | 0.15 | 0.13 | 0.13 | 0.15 | 0.12 | 0.10 | 0.09 | 0.07 | 0.01 | 0.00 |
| Revenue growth | 66.8% | 3.4% | 87.1% | 88.5% | -31.4% | 0.2% | 142.0% | -1.3% | 137.0% | -64.2% |
| EPS growth | 379.1% | -54.8% | -28.3% | — | -139.4% | 74.2% | — | -128.6% | 82.4% | 59.5% |