White Mountains Insurance (WTM) Gross Margin (2009 - 2026)
White Mountains Insurance (WTM) posted quarterly Gross Margin of 91.75% for Q1 2026, down 635.0% year-over-year from 17.15% in Q1 2025, and down 5.5% on a QoQ basis from 97.09% in Q4 2025.
White Mountains Insurance (WTM) Gross Margin (2009 - 2026) Analysis & Trends
White Mountains Insurance (WTM) has reported Gross Margin for 18 consecutive years, with 91.75% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 635.0% year-over-year to 91.75%; the TTM figure through Mar 2026 stood at 94.44% (down 442.0% YoY), while the FY2025 annual figure was 95.94%, down 274.0% from the prior year.
- Gross Margin came in at 91.75% for Q1 2026 at White Mountains Insurance, down from 97.09% in the prior quarter.
- The five-year high for Gross Margin was 99.26% in Q4 2024, with the low at 70.8% in Q2 2022.
- Average Gross Margin over 5 years is 94.05%, with a median of 96.93% recorded in 2023.
- Across the five-year window, Gross Margin plunged 1480 bps in 2022 and soared 2614 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 92.03% in 2022, then increased by 7 bps to 98.14% in 2023, then advanced by 1 bps to 99.26% in 2024, then slipped by 2 bps to 97.09% in 2025, then fell by 6 bps to 91.75% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 91.75%, 97.09%, and 93.6% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | 67.14% |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 37.68% |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 58.50% |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 99.65% |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 46.48% |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 86.87% |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | -153.50% |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 39.99% |
| 10 | White Mountains Insurance | 5.16 Bn | 4.57 Bn | 475.10 Mn | 91.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 91.75% |
| Dec 31, 2025 | 97.09% |
| Sep 30, 2025 | 93.60% |
| Jun 30, 2025 | 88.70% |
| Mar 31, 2025 | 98.10% |
| Dec 31, 2024 | 99.26% |
| Sep 30, 2024 | 99.09% |
| Jun 30, 2024 | 97.96% |
| Mar 31, 2024 | 97.62% |
| Dec 31, 2023 | 98.14% |
| Sep 30, 2023 | 98.42% |
| Jun 30, 2023 | 96.93% |
| Mar 31, 2023 | 94.71% |
| Dec 31, 2022 | 92.03% |
| Sep 30, 2022 | 92.92% |
| Jun 30, 2022 | 70.80% |
| Mar 31, 2022 | 91.78% |
| Dec 31, 2021 | 85.28% |
| Sep 30, 2021 | 74.03% |
| Jun 30, 2021 | 85.60% |