White Mountains Insurance WTM
NYSE WTM
$2,104.75 +5.79 (+0.28%)
At close: Sep 2, 2026 · 4:04 PM EDT

White Mountains Insurance (WTM) Operating Expenses (2009 - 2026)

White Mountains Insurance (WTM) posted quarterly Operating Expenses of $543.3 million for Q1 2026, up 7.5% year-over-year from $505.4 million in Q1 2025, and down 22.69% quarter-over-quarter from $702.8 million in Q4 2025.

Analysis

White Mountains Insurance (WTM) Operating Expenses (2009 - 2026) Analysis & Trends

White Mountains Insurance's Operating Expenses history runs 18 years deep, the most recent figure standing at $543.3 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 7.5% year-over-year to $543.3 million; the TTM figure through Mar 2026 stood at $2.4 billion (up 21.37% YoY), while the FY2025 annual figure was $2.4 billion, up 25.13% from the prior year.
  • Operating Expenses for Q1 2026 stood at $543.3 million, down from $702.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $702.8 million in Q4 2025, with the low at $275.2 million in Q1 2022.
  • The 5-year median for Operating Expenses is $430.1 million (2024), against an average of $457.7 million.
  • Peak annual rise in Operating Expenses reached 70.88% in 2022, while the deepest fall reached 13.16% in 2022.
  • White Mountains Insurance's Operating Expenses stood at $308.6 million in 2022, then jumped by 32.53% to $409.0 million in 2023, then advanced by 17.04% to $478.7 million in 2024, then surged by 46.81% to $702.8 million in 2025, then declined by 22.69% to $543.3 million in 2026.
  • Business Quant data shows WTM's Operating Expenses at $543.3 million in Q1 2026, $702.8 million in Q4 2025, and $685.4 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Chubb 131.15 Bn 117.38 Bn 9.13 Bn 12.19 Bn
2 Progressive 128.80 Bn 123.80 Bn 9.04 Bn 19.40 Bn
3 Travelers Companies 76.99 Bn 53.24 Bn 6.23 Bn 9.39 Bn
4 Allstate 66.35 Bn 27.62 Bn 16.28 Bn 14.45 Bn
5 Fairfax Financial Holdings 35.82 Bn 35.82 Bn - -134.80 Mn
6 Cincinnati Financial 26.40 Bn 24.51 Bn 2.39 Bn 2.70 Bn
7 Markel 22.75 Bn 5.86 Bn 2.83 Bn 3.63 Bn
8 Loews 22.37 Bn 67.62 Mn 2.57 Bn 4.12 Bn
9 Assurant 14.04 Bn 12.01 Bn 2.71 Bn 3.08 Bn
10 White Mountains Insurance 5.10 Bn -6.31 Bn 668.90 Mn 588.60 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 588.60 Mn
Mar 31, 2026 543.30 Mn
Dec 31, 2025 702.80 Mn
Sep 30, 2025 685.40 Mn
Jun 30, 2025 512.70 Mn
Mar 31, 2025 505.40 Mn
Dec 31, 2024 478.70 Mn
Sep 30, 2024 599.60 Mn
Jun 30, 2024 430.10 Mn
Mar 31, 2024 414.70 Mn
Dec 31, 2023 409.00 Mn
Sep 30, 2023 498.50 Mn
Jun 30, 2023 361.00 Mn
Mar 31, 2023 332.80 Mn
Dec 31, 2022 308.60 Mn
Sep 30, 2022 414.20 Mn
Jun 30, 2022 309.30 Mn
Mar 31, 2022 275.20 Mn
Dec 31, 2021 230.00 Mn
Sep 30, 2021 268.20 Mn