Financials in USD. Standardized financial statements.
A compact view of how White Mountains Insurance Group, Ltd. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.71B | $2.35B | $2.17B | $1.16B | $614.40M | $895.60M | $893.40M | $369.10M | $373.80M | $157.70M |
| Revenue Growth? | +15.0% | +8.7% | +87.1% | +88.5% | -31.4% | +0.2% | +142.0% | -1.3% | +137.0% | 0.0% |
| Cost of Revenue? | $1.25B | $1.28B | $1.02B | $787.00M | $581.30M | $82.30M | $70.50M | $33.70M | $5.20M | $13.60M |
| Gross Profit? | $1.45B | $1.07B | $1.15B | $370.90M | $33.10M | $813.30M | $822.90M | $335.40M | $368.60M | $144.10M |
| Gross Margin? | +53.7% | +45.6% | +53.1% | +32.0% | +5.4% | +90.8% | +92.1% | +90.9% | +98.6% | +91.4% |
| Operating Expenses? | $125.70M | $756.30M | $584.40M | $520.30M | $306.70M | $152.90M | $417.80M | $513.60M | $360.80M | $291.40M |
| Operating Income? | $1.33B | $316.70M | $565.40M | -$149.40M | -$273.60M | $660.40M | $405.10M | -$178.20M | $7.80M | -$147.30M |
| EBITDA? | $1.41B | $371.10M | $610.30M | -$104.80M | -$231.50M | $677.40M | $452.50M | -$143.00M | $32.50M | -$123.90M |
| Income Before Tax | $1.33B | $316.70M | $565.40M | -$149.40M | -$273.60M | $660.40M | $405.10M | -$178.20M | $7.80M | -$147.30M |
| Income Tax Expense | $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 | $708.70M | $414.50M | -$141.20M | $627.20M | $401.80M |
| EPS? | $430.14 | $89.79 | $198.63 | $276.96 | $-89.46 | $227.72 | $130.27 | $-41.76 | $146.06 | $82.24 |
| Diluted EPS? | $430.14 | $89.79 | $198.63 | $276.96 | $-89.46 | $227.72 | $130.27 | $-41.76 | $146.06 | $82.19 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality