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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.01 Bn | 121.24 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 124.83 Bn | 119.83 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Travelers Companies | 79.46 Bn | 55.71 Bn | 4.83 Bn | 9.39 Bn |
| 4 | Allstate | 68.25 Bn | 29.52 Bn | 16.28 Bn | 14.45 Bn |
| 5 | Fairfax Financial Holdings | 35.31 Bn | 35.31 Bn | - | -134.80 Mn |
| 6 | Cincinnati Financial | 26.75 Bn | 24.86 Bn | 2.39 Bn | 2.70 Bn |
| 7 | Loews | 23.29 Bn | 995.49 Mn | 2.57 Bn | 4.12 Bn |
| 8 | Markel | 23.23 Bn | 6.35 Bn | 2.83 Bn | 3.63 Bn |
| 9 | Assurant | 14.11 Bn | 12.08 Bn | 2.71 Bn | 3.08 Bn |
| 10 | White Mountains Insurance | 5.12 Bn | -6.30 Bn | 668.90 Mn | 588.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |