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Segments

By segment

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Asset Management (Kudu)$7.2M+18.0%
Specialty Insurance Distribution (Distinguished)$3.6M
WTM Partners$600K
P&C Insurance Distribution (Bamboo)$0-100%

Other financials

Income statement

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Revenue$844.6M+22.5%
Gross profit$764.5M+18.2%
Net income$199.5M+62.3%

Balance sheet

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Total debt$932.5M+34.2%
Total equity$5.4B+16.0%
Total assets$13.8B+16.4%

Cash flow

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Operating cash flow-$55.5M-131%

Valuation

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Market cap$5.3B+15.6%
P/E4.7×
P/S1.4×-0.5×

Profitability

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Gross margin94.1%-3.2pp
Net margin29.3%

Returns & leverage

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Return on equity22.4%
Debt / equity0.2×0.0×

Where this comes from

Reported directly by White Mountains Insurance Group in its filing.

Tagged under the XBRL concept us-gaap:InterestExpense.

The source filing: White Mountains Insurance Group’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 8:50 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053932
Millions / Three Months Ended June 30, 2026Ark/WM Outrigger / ArkArk/WM Outrigger / WM Outrigger ReKuduHG GlobalDistinguishedWTM PartnersOther OperationsTotal
Cost of sales72.67.580.1
Broker commission expenses23.323.3
Amortization of other intangible assets (4)6.41.3.98.6
General and administrative expenses (3) (4) (5)44.44.74.234.614.241.2143.3
Change in fair value of contingent consideration31.731.7
Interest expense4.17.23.73.6.6.619.8
Total expenses359.3.211.910.067.988.750.6588.6
Pre-tax income (loss)$78.4$1.7$57.0$10.4$(10.5)$4.1$114.9$256.0

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's interest expense?
White Mountains Insurance Group (WTM) reported interest expense of $19.8M in Q2 2026.
How has White Mountains Insurance Group's interest expense changed year-over-year?
White Mountains Insurance Group's interest expense increased by 6.5% year-over-year, from $18.6M to $19.8M.
What is the long-term trend for White Mountains Insurance Group's interest expense?
Over 4 years (2021 to 2025), White Mountains Insurance Group's interest expense has grown at a 31.3% compound annual growth rate (CAGR), from $26.4M to $78.4M.
What does interest expense mean?
Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

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