White Mountains Insurance (WTM) Gross Margin (2009 - 2026)
White Mountains Insurance (WTM) recorded quarterly Gross Margin of 91.75% in Q1 2026, down 5.5% quarter-over-quarter from 97.09% in Q4 2025, and down 635.0% on a YoY basis from 17.15% in Q1 2025.
White Mountains Insurance (WTM) Gross Margin (2009 - 2026) Analysis & Trends
White Mountains Insurance's Gross Margin history runs 18 years deep, the most recent figure standing at 91.75% for 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 was 91.75% for Q1 2026 at White Mountains Insurance, down from 97.09% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.26% in Q4 2024 to a low of 70.8% in Q2 2022.
- Historically, Gross Margin has averaged 94.05% across 5 years, with a median of 96.93% in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 1480 bps in 2022, then soared 2614 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 92.03% in 2022, then advanced by 7 bps to 98.14% in 2023, then increased by 1 bps to 99.26% in 2024, then fell by 2 bps to 97.09% in 2025, then slipped by 6 bps to 91.75% in 2026.
- The last three Gross Margin figures came in at 91.75% (Q1 2026), 97.09% (Q4 2025), and 93.6% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 58.50% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 37.68% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 46.48% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 86.87% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 73.70% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 99.65% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | 67.14% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | -153.50% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 72.35% |
| 10 | White Mountains Insurance | 5.05 Bn | 4.46 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% |