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White Mountains Insurance Group WTM P&C Insurance Distribution (Bamboo) — Acquisition expenses

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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:DeferredPolicyAcquisitionCostAmortizationExpense.

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
MillionsThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
P&C Insurance Distribution (Bamboo)
Broker commission expenses19.835.3
Loss and loss adjustment expenses1.712.6
Insurance acquisition expenses(.6)6.0
General and administrative expenses22.642.6
Interest expense2.95.0
Total P&C Insurance Distribution expenses46.4101.5
Other Operations

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's P&C insurance distribution (bamboo) — acquisition expenses?
White Mountains Insurance Group (WTM) reported P&C insurance distribution (bamboo) — acquisition expenses of $0 in Q2 2026.
How has White Mountains Insurance Group's P&C insurance distribution (bamboo) — acquisition expenses changed year-over-year?
White Mountains Insurance Group's P&C insurance distribution (bamboo) — acquisition expenses increased by 100.0% year-over-year, from -$600K to $0.
What does P&C insurance distribution (bamboo) — acquisition expenses mean?
Captures the costs directly associated with acquiring new insurance policies, such as marketing, advertising, and underwriting-related administrative costs. This metric is essential for evaluating the efficiency of the segment's growth strategy and customer acquisition efforts. It helps investors understand the cost-to-acquire relative to the revenue generated.

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