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White Mountains Insurance Group WTM P&C Insurance Distribution (Bamboo) — Broker Commission Expense

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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 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
MillionsThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Interest expense.6.3.9.3
Total Services, Industrial and Consumer expenses88.741.9134.944.9
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

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's P&C insurance distribution (bamboo) — broker commission expense?
White Mountains Insurance Group (WTM) reported P&C insurance distribution (bamboo) — broker commission expense of $0 in Q2 2026.
How has White Mountains Insurance Group's P&C insurance distribution (bamboo) — broker commission expense changed year-over-year?
White Mountains Insurance Group's P&C insurance distribution (bamboo) — broker commission expense decreased by 100.0% year-over-year, from $19.8M to $0.
What does P&C insurance distribution (bamboo) — broker commission expense mean?
Represents the costs paid to third-party brokers or agents for the acquisition and placement of insurance business. This expense is a variable cost directly tied to the generation of commission-based revenue. High levels relative to revenue may indicate a reliance on external distribution networks.

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