What does HG global — broker commission expense mean?

The expenses incurred by the HG Global segment for commissions paid to brokers or intermediaries for the acquisition of business. This metric highlights the variable costs associated with distribution and customer acquisition strategies.

White Mountains Insurance Group (WTM) HG Global — Broker Commission Expense

Screener

Other segment segments

Specialty Insurance Distribution (Distinguished)

$23.3M—

Asset Management (Kudu)

$0—

P&C Insurance Distribution (Bamboo)

$0-100%

WTM Partners

$0—

Similar metrics at other companies

SNEXIntroducing broker commissions

$93.1M+87.3%

BTBTIntroducing broker commissions

$12.3M+669%

BTBTIntroducing broker commissions

$12.3M+669%

BKUIntroducing broker commissions

$14.3M-1.4%

KIN

KINSIntroducing broker commissions

$11.57M+8.9%

SNEXCommercial — Introducing broker commissions

$51.8M+305%

Other financials

Income statement

See full

Revenue$844.6M+22.5%

Gross profit$764.5M+18.2%

Net income$199.5M+62.3%

Balance sheet

See full

Total debt$932.5M+34.2%

Total equity$5.4B+16.0%

Total assets$13.8B+16.4%

Cash flow

See full

Operating cash flow-$55.5M-131%

Valuation

See full

Market cap$5.3B+15.6%

P/E4.7×—

P/S1.4×-0.5×

Profitability

See full

Gross margin94.1%-3.2pp

Net margin29.3%—

Returns & leverage

See full

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 wtm:BrokerCommissionExpense.

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, 2026	Ark/WM Outrigger / Ark	Ark/WM Outrigger / WM Outrigger Re	Kudu	HG Global	Distinguished	WTM Partners	Other Operations	Total
Loss and LAE (3)	175.7	(.1)	—	—	—	—	.1	175.7
Insurance acquisition expenses (3)	103.4	.3	—	2.1	—	—	.3	106.1
Cost of sales	—	—	—	—	—	72.6	7.5	80.1
Broker commission expenses	—	—	—	—	23.3	—	—	23.3
Amortization of other intangible assets (4)	—	—	—	—	6.4	1.3	.9	8.6
General and administrative expenses (3) (4) (5)	44.4	—	4.7	4.2	34.6	14.2	41.2	143.3
Change in fair value of contingent consideration	31.7	—	—	—	—	—	—	31.7
Interest expense	4.1	—	7.2	3.7	3.6	.6	.6	19.8

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's HG global — broker commission expense?: White Mountains Insurance Group (WTM) reported HG global — broker commission expense of $0 in Q2 2026.
What does HG global — broker commission expense mean?: The expenses incurred by the HG Global segment for commissions paid to brokers or intermediaries for the acquisition of business. This metric highlights the variable costs associated with distribution and customer acquisition strategies.