Filing Flows › White Mountains Insurance Group (WTM) › How it makes money
How White Mountains Insurance Group (WTM) makes money
White Mountains Insurance Group (WTM) made $641M of revenue in the third quarter 2026 (Q3 2026), -26% from a year earlier.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $641M | 100.0% |
| Income tax | $6.4M | 1.0% |
| Operating cash flow | $357M | 55.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $641M | -26% |
| Q2 2026 | $845M | +22% |
| Q1 2026 | $518M | -10% |
| Q4 2025 | $1.6B | +348% |
| Q3 2025 | $864M | +3% |
| Q2 2025 | $689M | +74% |
| Q1 2025 | $578M | -11% |
From White Mountains Insurance Group's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does White Mountains Insurance Group make money?
White Mountains Insurance Group (WTM) made $641M of revenue in the third quarter 2026 (Q3 2026), -26% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.