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White Mountains Insurance Group WTM WTM Partners — Contract Liabilities

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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:ContractWithCustomerLiability.

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, except share and per share amountsJune 30, 2026December 31, 2025
Total Specialty Insurance Distribution liabilities332.2307.1
Services, Industrial and Consumer (WTM Partners)
Debt66.519.4
Contract liabilities35.624.8
Other liabilities81.247.2
Total Services, Industrial and Consumer liabilities183.391.4
Other Operations
Debt18.018.9

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's WTM partners — contract liabilities?
White Mountains Insurance Group (WTM) reported WTM partners — contract liabilities of $35.6M in Q2 2026.
What does WTM partners — contract liabilities mean?
Reflects the obligation of the WTM Partners segment to transfer goods or services to a customer for which the segment has already received consideration. This metric represents deferred revenue and is a key indicator of future performance obligations. It highlights the segment's ability to secure upfront payments and manage customer commitments.

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