White Mountains Insurance Group financials
$2,021.51+0.32%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $844.6M | $517.8M | $1.60B | $864.2M | $689.2M | $577.8M | $358.0M | $839.1M | $395.4M | $647.3M | $736.8M | $519.6M |
| Gross profit | $563.2M | $208.6M | $1.30B | $493.9M | $424.9M | $218.9M | $48.5M | $435.8M | $135.6M | $389.9M | $518.8M | $161.4M |
| Gross margin | 66.7% | 40.3% | 80.8% | 57.2% | 61.7% | 37.9% | 13.5% | 51.9% | 34.3% | 60.2% | 70.4% | 31.1% |
| Operating income | $275.8M | -$6.2M | $923.1M | $198.7M | $195.1M | $90.2M | -$106.6M | $256.2M | -$19.9M | $247.8M | $345.6M | $36.8M |
| Net income | $194.0M | -$30.8M | $822.8M | $112.3M | $121.3M | $33.6M | -$128.8M | $176.5M | -$53.9M | $233.7M | $282.4M | $23.3M |
| Net margin | 23.0% | −5.9% | 51.3% | 13.0% | 17.6% | 5.8% | −36.0% | 21.0% | −13.6% | 36.1% | 38.3% | 4.5% |
| Diluted EPS | $80.58 | $-12.59 | $327.47 | $44.18 | $47.75 | $13.19 | $-50.84 | $69.68 | $-21.29 | $92.33 | $111.94 | $9.19 |
| EBITDA | $285.0M | -$1.4M | $929.5M | $201.0M | $194.3M | $91.3M | -$105.5M | $253.5M | -$9.3M | $245.7M | $377.5M | $48.5M |
| Operating cash flow | -$55.5M | $30.5M | $53.9M | $359.3M | $177.5M | -$40.2M | $64.1M | $269.4M | $216.8M | $36.5M | $24.5M | $222.9M |
| Free cash flow | -$55.5M | $30.5M | $53.9M | $359.3M | $177.5M | -$40.2M | $64.1M | $269.4M | $216.8M | $36.5M | $24.5M | $222.9M |
| Diluted shares | 2.4M | 2.4M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $127.5M | $135.9M | $184.9M | $337.4M | $337.8M | $312.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $932.5M | $834.8M | $837.0M | $765.8M | $694.6M | $676.1M |
| Total assets | $13.77B | $13.17B | $12.31B | $12.35B | $11.82B | $11.00B |
| Total liabilities | $7.51B | $6.99B | $6.05B | $6.63B | $6.48B | $5.87B |
| Shareholders' equity | $6.25B | $6.18B | $6.26B | $5.58B | $5.34B | $5.14B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology