White Mountains Insurance (WTM) Operating Margin (2009 - 2026)
White Mountains Insurance (WTM) posted quarterly Operating Margin of 18.55% for Q1 2026, up 346.0% year-over-year from 4.16% in Q1 2025, and up 196.88% quarter-over-quarter from 19.15% in Q4 2025.
White Mountains Insurance (WTM) Operating Margin (2009 - 2026) Analysis & Trends
White Mountains Insurance's Operating Margin history runs 18 years deep, the most recent figure standing at 18.55% for Q1 2026.
- In Q1 2026, Operating Margin rose 346.0% year-over-year to 18.55%; the TTM figure through Mar 2026 stood at 26.96% (up 1508.0% YoY), while the FY2025 annual figure was 13.96%, up 380.0% from the prior year.
- Operating Margin for Q1 2026 stood at 18.55%, up from 19.15% in the prior quarter.
- The five-year high for Operating Margin was 32.72% in Q2 2022, with the low at 19.15% in Q4 2025.
- The 5-year median for Operating Margin is 14.29% (2023), against an average of 11.96%.
- The sharpest annual moves came in 2022 and 2025: Operating Margin soared 1897 bps in 2022, then slumped 3459 bps in 2025.
- White Mountains Insurance's Operating Margin stood at 15.3% in 2022, then slumped by 43 bps to 8.7% in 2023, then jumped by 78 bps to 15.45% in 2024, then plunged by 224 bps to 19.15% in 2025, then soared by 197 bps to 18.55% in 2026.
- Business Quant data shows WTM's Operating Margin at 18.55% in Q1 2026, 19.15% in Q4 2025, and 10.61% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 135.03 Bn | 121.26 Bn | 9.13 Bn | 11.13% |
| 2 | Progressive | 124.11 Bn | 119.11 Bn | 9.04 Bn | -43.89% |
| 3 | Travelers Companies | 79.44 Bn | 55.69 Bn | 4.83 Bn | 9.95% |
| 4 | Allstate | 67.36 Bn | 28.63 Bn | 16.28 Bn | 5.43% |
| 5 | Fairfax Financial Holdings | 35.31 Bn | 35.31 Bn | - | - |
| 6 | Cincinnati Financial | 26.77 Bn | 24.88 Bn | 2.39 Bn | 7.46% |
| 7 | Loews | 23.31 Bn | 1.01 Bn | 2.57 Bn | 16.08% |
| 8 | Markel | 23.15 Bn | 6.26 Bn | 2.83 Bn | 38.83% |
| 9 | Assurant | 14.05 Bn | 12.02 Bn | 2.71 Bn | 4.12% |
| 10 | White Mountains Insurance | 5.15 Bn | -6.26 Bn | 668.90 Mn | 8.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.39% |
| Mar 31, 2026 | 18.55% |
| Dec 31, 2025 | -19.15% |
| Sep 30, 2025 | 10.61% |
| Jun 30, 2025 | 16.36% |
| Mar 31, 2025 | 15.09% |
| Dec 31, 2024 | 15.45% |
| Sep 30, 2024 | 6.88% |
| Jun 30, 2024 | 16.69% |
| Mar 31, 2024 | 8.81% |
| Dec 31, 2023 | 8.70% |
| Sep 30, 2023 | 9.26% |
| Jun 30, 2023 | 14.29% |
| Mar 31, 2023 | 14.84% |
| Dec 31, 2022 | 15.30% |
| Sep 30, 2022 | 8.85% |
| Jun 30, 2022 | 32.72% |
| Mar 31, 2022 | 10.16% |
| Dec 31, 2021 | 8.14% |
| Sep 30, 2021 | 21.10% |