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White Mountains Insurance Group WTM Specialty Insurance Distribution (Distinguished) — General and administrative expenses

Other segment segments

WTM Partners
$14.2M
Asset Management (Kudu)
$4.7M+34.3%
P&C Insurance Distribution (Bamboo)
$0-100%

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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:GeneralAndAdministrativeExpense.

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 specialty insurance distribution (distinguished) — general and administrative expenses?
White Mountains Insurance Group (WTM) reported specialty insurance distribution (distinguished) — general and administrative expenses of $34.6M in Q2 2026.
What does specialty insurance distribution (distinguished) — general and administrative expenses mean?
Operating costs associated with the day-to-day management and overhead of the specialty insurance distribution segment. Tracking these expenses is vital for evaluating the segment's operational efficiency and cost control discipline.

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