SuperworthWhite Mountains Insurance WTM
- Market cap
- $5.3B
- PE
- 5.1×
- 10y median 8.3×
- Forward PE
- n/m
- not a meaningful number
- Price to sales
- 1.4×
- Revenue, 12 months
- $3.8B
- +55% on a year ago
- Net margin
- 29.3%
White Mountains Insurance trades at 5.1× trailing earnings, cheaper than 81% of the last ten years. Revenue was $3.8B over the last twelve months, up 55% on a year earlier with a 29% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $519.6M+36% | $736.8M+68% | $647.3M+22% | $395.4M+5% | $839.1M+62% | $358M−51% | $577.8M−11% | $689.2M+74% | $864.2M+3% | $1.6B+348% | $517.8M−10% | $844.6M+23% | |
| Cost of revenue | $8M−68% | $6.9M−77% | $7.6M−45% | $7M−40% | $7.6M−5% | $7.4M+7% | $7.5M−1% | $42.4M+506% | $55.3M+628% | $46.6M+530% | $42.7M+469% | $80.1M+89% |
| Gross profit | $511.6M+43% | $729.9M+79% | $639.7M+24% | $388.4M+6% | $831.5M+63% | $350.6M−52% | $570.3M−11% | $646.8M+67% | $808.9M−3% | $1.6B+344% | $475.1M−17% | $764.5M+18% |
| SG&A | $99.6M+16% | $134.4M+25% | $125.2M+30% | $122.5M+19% | $121.9M+22% | $120.5M−10% | $96M−23% | $137.5M+12% | $176.8M+45% | $196.3M+63% | $144.9M+51% | n/a |
| n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |
| Interest expense | $15.7M+50% | $17.8M+39% | $15.2M+1% | $14.8M+4% | $16.7M+6% | $14.1M−21% | $17.8M+17% | $18.6M+26% | $19.9M+19% | $22.1M+57% | $19.3M+8% | $19.8M+7% |
| Pre-tax income | $21.1M | $327.8M+154% | $232.6M+17% | −$34.7M | $239.5M+1035% | −$120.7M | $72.4M−69% | $176.5M | $178.8M−25% | $901M | −$25.5M | $256M+45% |
| $7.3M | −$34.9M | $10.8M−9% | $6.5M+3150% | $11.6M+59% | $3.7M | $9.6M−11% | $12.9M+99% | $17.1M+47% | $87.3M+2260% | $800K−92% | $24.8M+92% | |
| Net income | $23.6M−97% | $286.5M+609% | $236.4M+32% | −$54.6M | $179M+659% | −$130.4M | $33.9M−86% | $122.9M | $113.8M−36% | $835.8M | −$27.2M | $199.5M+62% |
| $9.24 | $111.93+603% | $92.33+32% | −$21.29 | $69.69+654% | −$50.85 | $13.22−86% | $47.73 | $44.17−37% | $327.43 | −$12.59 | $80.58+69% | |
| 2.5M−12% | 2.5M−1% | 2.5M−0% | 2.5M+0% | 2.5M+0% | 2.5M+0% | 2.5M+0% | 2.5M+0% | 2.5M+0% | 2.5M−1% | 2.4M−4% | 2.4M−5% |
Gross profit: 40 periods, Q2 FY16 to Q2 FY26: not printed by the filing, worked out from its own lines.
Operating income: 11 periods, Q2 FY17 to Q4 FY19: not printed by the filing, worked out from its own lines.
EPS, diluted: Q4 FY09: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 40 periods, Q1 FY16 to Q2 FY26: quarter's net income to common over its shares, to the cent.
Diluted shares: Q3 FY09 and Q1 FY10: not printed by the filing, worked out from its own lines. 13 periods, Q4 FY10 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. 3 periods, Q4 FY16 to Q4 FY24: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Insurance - Property & Casualty nearest White Mountains Insurance's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| WTMWhite Mountains Insurance | $5.3B | 5.1× | 8.3× | 1.4× | +55% | 29.3% | |
| MCYMercury General | $5.7B | 6.1× | 12.8× | 0.9× | +10% | 14.8% | |
| SIGISelective Insurance | $5.7B | 11.6× | 18.3× | 1.0× | +4% | 9.4% | |
| RLIRLI | $5.9B | 15.1× | 21.6× | 3.1× | +5% | 20.3% | |
| AXSAxis Capital | $7.5B | 7.3× | 12.5× | 1.1× | +9% | 16.2% | |
| PLMRPalomar | $3.7B | 19.1× | 27.5× | 3.4× | +60% | 18.6% | |
| THGHanover Insurance | $8.3B | 11.4× | 14.4× | 1.2× | +6% | 11.2% | |
| KNSLKinsale Capital | $8.3B | 14.8× | 33.3× | 4.2× | +16% | 28.5% | |
| SLDESlide Insurance | $3.3B | 7.0× | 5.2× | 2.4× | +41% | 40.0% | |
| SPNTSiriusPoint | $3B | 6.5× | 9.0× | 0.9× | +23% | 15.6% | |
| SKWDSkyward Specialty Insurance | $2.7B | 14.1× | 14.6× | 1.5× | +38% | 10.8% | |
| Peer median | $5.7B | 11.5× | 14.5× | 1.4× | +13% | 15.9% |
Investors who own it
Investors we follow who held White Mountains Insurance at the end of Jun 30, 2026, from their 13F filings.
- Reinhart PartnersReinhart Partners2.1% of portfolioadded
More on White Mountains Insurance
Each number over time
Where it ranks
- #6of 490Financial stocks with the lowest PE ratio
- #2of 45Property and casualty insurers with the lowest PE ratio
- #3of 45Property and casualty insurers with the fastest revenue growth
- #4of 45Property and casualty insurers with the highest profit margins
Its groups
About
- Industry
- Insurance - Property & Casualty
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .