Growth Metrics

White Mountains Insurance (WTM) Operating Expenses (2016 - 2025)

White Mountains Insurance has reported Operating Expenses over the past 17 years, most recently at $702.8 million for Q4 2025.

  • Quarterly results put Operating Expenses at $702.8 million for Q4 2025, up 46.81% from a year ago — trailing twelve months through Dec 2025 was $2.4 billion (up 25.13% YoY), and the annual figure for FY2025 was $2.4 billion, up 25.13%.
  • Operating Expenses for Q4 2025 was $702.8 million at White Mountains Insurance, up from $685.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for WTM hit a ceiling of $702.8 million in Q4 2025 and a floor of $181.0 million in Q2 2021.
  • Median Operating Expenses over the past 5 years was $411.6 million (2022), compared with a mean of $411.7 million.
  • Biggest five-year swings in Operating Expenses: skyrocketed 196.72% in 2021 and later fell 13.16% in 2022.
  • White Mountains Insurance's Operating Expenses stood at $230.0 million in 2021, then surged by 34.17% to $308.6 million in 2022, then soared by 32.53% to $409.0 million in 2023, then grew by 17.04% to $478.7 million in 2024, then skyrocketed by 46.81% to $702.8 million in 2025.
  • The last three reported values for Operating Expenses were $702.8 million (Q4 2025), $685.4 million (Q3 2025), and $512.7 million (Q2 2025) per Business Quant data.