White Mountains Insurance (WTM) Gross Margin (2009 - 2026)
White Mountains Insurance (WTM) posted quarterly Gross Margin of 46.22% for Q1 2026, down 5188.0% year-over-year from 0.91% in Q1 2025, and up 190.47% quarter-over-quarter from 51.09% in Q4 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 46.22% for Q1 2026.
- In Q1 2026, Gross Margin fell 5188.0% year-over-year to 46.22%; the TTM figure through Mar 2026 stood at 89.94% (up 60.0% YoY), while the FY2025 annual figure was 91.46%, down 722.0% from the prior year.
- Gross Margin for Q1 2026 stood at 46.22%, up from 51.09% in the prior quarter.
- The five-year high for Gross Margin was 173.38% in Q4 2023, with the low at 59.64% in Q4 2022.
- The 5-year median for Gross Margin is 89.45% (2022), against an average of 69.07%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 15212 bps in 2022, then soared 23303 bps in 2023.
- White Mountains Insurance's Gross Margin stood at 59.64% in 2022, then surged by 391 bps to 173.38% in 2023, then plunged by 44 bps to 97.93% in 2024, then slumped by 152 bps to 51.09% in 2025, then soared by 190 bps to 46.22% in 2026.
- Business Quant data shows WTM's Gross Margin at 46.22% in Q1 2026, 51.09% in Q4 2025, and 53.66% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | 57.69% |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | 38.28% |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | 44.93% |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | 87.55% |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | - |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | 55.85% |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | 54.18% |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | 70.46% |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | 78.34% |
| 10 | White Mountains Insurance | 5.15 Bn | -6.26 Bn | 668.90 Mn | 79.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 79.20% |
| Mar 31, 2026 | 46.22% |
| Dec 31, 2025 | -51.09% |
| Sep 30, 2025 | 53.66% |
| Jun 30, 2025 | 55.62% |
| Mar 31, 2025 | 98.10% |
| Dec 31, 2024 | 97.93% |
| Sep 30, 2024 | 99.09% |
| Jun 30, 2024 | 46.53% |
| Mar 31, 2024 | 71.30% |
| Dec 31, 2023 | 173.38% |
| Sep 30, 2023 | 98.46% |
| Jun 30, 2023 | 96.15% |
| Mar 31, 2023 | 94.71% |
| Dec 31, 2022 | -59.64% |
| Sep 30, 2022 | 93.48% |
| Jun 30, 2022 | 70.80% |
| Mar 31, 2022 | 89.45% |
| Dec 31, 2021 | 92.47% |
| Sep 30, 2021 | 74.03% |