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White Mountains Insurance Group WTM Ark — Deferred Acquisition Costs

Other segment segments

HG Global/BAM - Segment
$96.9M+11.9%

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Other financials

Income statement

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Revenue$517.8M-10.4%
Gross profit$475.1M-16.7%
Net income-$27.2M-180%

Balance sheet

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Total debt$834.8M+23.5%
Total equity$5.4B+19.2%
Total assets$13.2B+19.7%

Cash flow

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Operating cash flow$30.5M+176%

Valuation

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Market cap$4.99B+9.8%

Profitability

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Gross margin94.9%-3.7pp
Net margin28.4%

Returns & leverage

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Return on equity21.2%
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:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

The official record: White Mountains Insurance Group’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is White Mountains Insurance Group's ark — deferred acquisition costs?
White Mountains Insurance Group (WTM) reported ark — deferred acquisition costs of $211.1M in Q4 2025.
How has White Mountains Insurance Group's ark — deferred acquisition costs changed year-over-year?
White Mountains Insurance Group's ark — deferred acquisition costs increased by 27.8% year-over-year, from $165.2M to $211.1M.
What does ark — deferred acquisition costs mean?
Reflects the capitalized costs directly related to the acquisition of new insurance contracts, such as commissions and underwriting expenses, which are amortized over the life of the policies. This metric is used to match expenses with the period in which the related premiums are earned. Changes in this balance provide insight into the segment's growth trajectory and the efficiency of its customer acquisition efforts.