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White Mountains Insurance Group WTM WTM Partners — Cost of Sales

Other segment segments

Asset Management (Kudu)
$0
Specialty Insurance Distribution (Distinguished)
$0

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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$5.23B+14.0%
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:CostOfGoodsAndServicesSold.

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 expense3.67.1
Total Specialty Insurance Distribution expenses67.9125.8
Services, Industrial and Consumer (WTM Partners)
Cost of sales72.635.2108.735.2
General and administrative expenses15.56.425.39.4
Interest expense.6.3.9.3
Total Services, Industrial and Consumer expenses88.741.9134.944.9
P&C Insurance Distribution (Bamboo)

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's WTM partners — cost of sales?
White Mountains Insurance Group (WTM) reported WTM partners — cost of sales of $72.6M in Q2 2026.
What does WTM partners — cost of sales mean?
The direct costs attributable to the production or delivery of services and products within the WTM Partners segment. Analyzing this metric allows for the evaluation of direct operational efficiency and gross margin sustainability.

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