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White Mountains Insurance Group WTM WTM Partners — 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
Millions / Three Months Ended June 30, 2026Ark/WM Outrigger / ArkArk/WM Outrigger / WM Outrigger ReKuduHG GlobalDistinguishedWTM PartnersOther OperationsTotal
Loss and LAE (3)175.7(.1).1175.7
Insurance acquisition expenses (3)103.4.32.1.3106.1
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

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's WTM partners — broker commission expense?
White Mountains Insurance Group (WTM) reported WTM partners — broker commission expense of $0 in Q2 2026.
What does WTM partners — broker commission expense mean?
This represents the fees paid to brokers or intermediaries for placing insurance business with the segment. It is a primary component of the segment's distribution costs and reflects the reliance on external sales channels. Changes in this metric can indicate shifts in commission structures or changes in the volume of business sourced through brokers.

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