White Mountains Insurance Group (WTM) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

White Mountains Insurance Group Revenue Highlights

Latest Revenue (Y)

$1.73B

Latest Revenue (Q)

$395.40M

Main Segment (Y)

Ark Insurance Holdings Limited

Main Geography (Y)

HG Global-BAM

White Mountains Insurance Group Revenue by Period

White Mountains Insurance Group Revenue by Year

Date	Revenue	Change
2023-12-31	$1.73B	49.62%
2022-12-31	$1.16B	22.56%
2021-12-31	$944.80M	-19.98%
2020-12-31	$1.18B	32.16%
2019-12-31	$893.40M	142.05%
2018-12-31	$369.10M	-1.26%
2017-12-31	$373.80M	-72.53%
2016-12-31	$1.36B	-24.77%
2015-12-31	$1.81B	-27.95%
2014-12-31	$2.51B	8.32%
2013-12-31	$2.32B	-4.86%
2012-12-31	$2.44B	85.55%
2011-12-31	$1.31B	-63.24%
2010-12-31	$3.57B	-19.72%
2009-12-31	$4.45B	50.49%
2008-12-31	$2.96B	-37.56%
2007-12-31	$4.73B	-1.26%
2006-12-31	$4.79B	3.50%
2005-12-31	$4.63B	1.73%
2004-12-31	$4.55B	19.61%
2003-12-31	$3.81B	-9.05%
2002-12-31	$4.19B	29.43%
2001-12-31	$3.23B	281.23%
2000-12-31	$848.20M	50.07%
1999-12-31	$565.20M	-2.23%
1998-12-31	$578.10M	83.99%
1997-12-31	$314.20M	-5.50%
1996-12-31	$332.50M	49.57%
1995-12-31	$222.30M	-2.71%
1994-12-31	$228.50M	-39.07%
1993-12-31	$375.00M	-

White Mountains Insurance Group generated $1.73B in revenue during NA 2023, up 49.62% compared to the previous quarter, and up 469.38% compared to the same period a year ago.

White Mountains Insurance Group Revenue by Quarter

Date	Revenue	Change
2024-06-30	$395.40M	-38.91%
2024-03-31	$647.20M	42.62%
2023-12-31	$453.80M	-12.66%
2023-09-30	$519.60M	37.32%
2023-06-30	$378.40M	-28.86%
2023-03-31	$531.90M	21.55%
2022-12-31	$437.60M	14.20%
2022-09-30	$383.20M	399.61%
2022-06-30	$76.70M	-78.02%
2022-03-31	$348.90M	-0.31%
2021-12-31	$350.00M	-3565.35%
2021-09-30	$-10.10M	-102.37%
2021-06-30	$426.70M	94.04%
2021-03-31	$219.90M	-57.78%
2020-12-31	$520.80M	13.34%
2020-09-30	$459.50M	77.00%
2020-06-30	$259.60M	-538.51%
2020-03-31	$-59.20M	-133.77%
2019-12-31	$175.30M	12.73%
2019-09-30	$155.50M	20.54%
2019-06-30	$129.00M	-48.69%
2019-03-31	$251.40M	4090.00%
2018-12-31	$6.00M	-96.98%
2018-09-30	$198.70M	62.47%
2018-06-30	$122.30M	190.50%
2018-03-31	$42.10M	-63.07%
2017-12-31	$114.00M	30.29%
2017-09-30	$87.50M	2.46%
2017-06-30	$85.40M	-77.87%
2017-03-31	$385.90M	43.89%
2016-12-31	$268.20M	-26.52%
2016-09-30	$365.00M	1.90%
2016-06-30	$358.20M	-16.13%
2016-03-31	$427.10M	-37.05%
2015-12-31	$678.50M	102.72%
2015-09-30	$334.70M	-43.03%
2015-06-30	$587.50M	-10.55%
2015-03-31	$656.80M	-4.77%
2014-12-31	$689.70M	17.02%
2014-09-30	$589.40M	-9.71%
2014-06-30	$652.80M	12.88%
2014-03-31	$578.30M	-7.71%
2013-12-31	$626.60M	9.14%
2013-09-30	$574.10M	17.33%
2013-06-30	$489.30M	-22.01%
2013-03-31	$627.40M	10.77%
2012-12-31	$566.40M	-18.78%
2012-09-30	$697.40M	28.20%
2012-06-30	$544.00M	-13.73%
2012-03-31	$630.60M	6.23%
2011-12-31	$593.60M	18.41%
2011-09-30	$501.30M	-12.22%
2011-06-30	$571.10M	-27.01%
2011-03-31	$782.40M	0.68%
2010-12-31	$777.10M	-5.40%
2010-09-30	$821.50M	-11.51%
2010-06-30	$928.40M	-11.08%
2010-03-31	$1.04B	-1.50%
2009-12-31	$1.06B	-11.86%
2009-09-30	$1.20B	-1.33%
2009-06-30	$1.22B	26.11%
2009-03-31	$966.50M	168.03%
2008-12-31	$360.60M	-41.65%
2008-09-30	$618.00M	-40.53%
2008-06-30	$1.04B	10.80%
2008-03-31	$937.90M	-21.95%
2007-12-31	$1.20B	-

White Mountains Insurance Group generated $395.40M in revenue during Q2 2024, up -38.91% compared to the previous quarter, and up 74.34% compared to the same period a year ago.

White Mountains Insurance Group Revenue Breakdown

White Mountains Insurance Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 22	Dec 21	Dec 20	Dec 19	Dec 18
Other Entity	$76.30M	$523.70M	$-53.90M	-	-
Kudu Investment Management, LLC	$118.50M	$21.20M	-	-	-
HG Global-BAM	$33.30M	$26.90M	$22.80M	$16.30M	$13.90M
Ark Insurance Holdings Limited	$1.04B	$637.30M	-	-	-
NSM Insurance Group	-	$330.40M	$285.10M	$233.10M	$101.60M
Other Operations	-	$-211.10M	$781.40M	-	-
Kudu	-	$134.00M	$45.70M	-	-
MediaAlpha	-	-	-	$48.80M	$297.10M

White Mountains Insurance Group's latest annual revenue breakdown by segment (product or service), as of Dec 22: Ark Insurance Holdings Limited (82.06%), Kudu Investment Management, LLC (9.32%), Other Entity (6.00%), and HG Global-BAM (2.62%).

Quarterly Revenue by Product

Product/Service	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Sep 18	Jun 18
Corporate and Other	$30.20M	$167.90M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Kudu	$19.30M	$43.80M	$22.10M	$-17.40M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Kudu Investment Management, LLC	-	-	$31.50M	$55.90M	$-3.80M	$34.90M	$45.20M	$28.50M	$36.20M	$24.10M	$24.70M	$16.30M	$22.10M	$-17.40M	$9.30M	$7.50M	$4.40M	-	-	-
Ark Insurance Holdings Limited	-	-	$308.40M	$343.20M	$182.20M	$175.70M	$211.20M	$217.70M	$130.50M	$109.10M	-	-	-	-	-	-	-	-	-	-
HG Global-BAM	-	-	$22.80M	$-24.70M	$-13.20M	$-31.30M	$4.90M	$7.40M	$17.40M	$-6.70M	$10.40M	$14.50M	$26.10M	$17.50M	$5.10M	$18.00M	$21.60M	$21.90M	$4.20M	$5.40M
Other Entity	-	-	$74.90M	$8.80M	$-88.50M	$81.10M	$-300.00K	$-346.00M	$158.30M	$-23.10M	$412.40M	$358.00M	$135.30M	$-124.30M	$103.10M	$70.10M	$36.90M	$313.60M	$80.30M	$21.60M
NSM Insurance Group	-	-	-	-	-	$88.50M	$89.00M	$82.30M	$84.30M	$74.80M	$73.30M	$70.70M	$76.10M	$65.00M	$57.80M	$59.90M	$66.10M	$49.30M	$39.70M	$23.50M
MediaAlpha	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$33.50M	$74.50M	$71.80M
Other Operations	-	-	-	-	-	-	-	-	-	-	-	-	$135.30M	$-124.30M	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-	-	-	-	-	$259.60M	$-59.20M	$155.50M	$129.00M	-	-	-	-

White Mountains Insurance Group's latest quarterly revenue breakdown by segment (product or service), as of Jun 23: Corporate and Other (61.01%), and Kudu (38.99%).

White Mountains Insurance Group Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 22	Dec 21	Dec 20	Dec 19	Dec 18
HG Global-BAM	$33.30M	$26.90M	$22.80M	$16.30M	$13.90M
Kudu	-	-	-	-	-

White Mountains Insurance Group's latest annual revenue breakdown by geography, as of Dec 22: HG Global-BAM (100.00%).

Quarterly Revenue by Country

Country	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Sep 18	Jun 18
Kudu	$19.30M	$43.80M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
HG Global-BAM	-	-	$22.80M	$-24.70M	$-13.20M	$-31.30M	$4.90M	$7.40M	$17.40M	$-6.70M	$10.40M	$14.50M	$26.10M	$17.50M	$5.10M	$18.00M	$21.60M	$21.90M	$4.20M	$5.40M

White Mountains Insurance Group's latest quarterly revenue breakdown by geography, as of Jun 23: Kudu (100.00%).

White Mountains Insurance Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PGR	Progressive	$62.08B	$19.71B
CB	Chubb	$50.50B	$14.85B
CNA	CNA Financial	$13.13B	$3.62B
WRB	W. R. Berkley	$12.14B	$3.38B
THG	Hanover Insurance Group	$6.01B	$1.57B
KMPR	Kemper	$4.94B	$1.18B
WTM	White Mountains Insurance Group	$1.73B	$395.40M
RLI	RLI	$1.51B	$470.00M
HMN	Horace Mann Educators	$1.49B	$412.10M
KNSL	Kinsale Capital Group	$1.22B	$418.06M
PRA	ProAssurance	$1.14B	$290.36M
DGICA	Donegal Group	$927.34M	$251.74M
GBLI	Global Indemnity Group	$528.13M	$108.69M
NODK	NI	$365.69M	$88.98M
SIGI	Selective Insurance Group	$101.17M	$1.24B

WTM Revenue FAQ

What is White Mountains Insurance Group’s yearly revenue?

White Mountains Insurance Group's yearly revenue for 2023 was $1.73B, representing an increase of 49.62% compared to 2022. The company's yearly revenue for 2022 was $1.16B, representing an increase of 22.56% compared to 2021. WTM's yearly revenue for 2021 was $944.8M, representing a decrease of -19.98% compared to 2020.

What is White Mountains Insurance Group’s quarterly revenue?

White Mountains Insurance Group's quarterly revenue for Q2 2024 was $395.4M, a -38.91% decrease from the previous quarter (Q1 2024), and a 4.49% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $647.2M, a 42.62% increase from the previous quarter (Q4 2023), and a 21.68% increase year-over-year (Q1 2023). WTM's quarterly revenue for Q4 2023 was $453.8M, a -12.66% decrease from the previous quarter (Q3 2023), and a 3.70% increase year-over-year (Q4 2022).

What is White Mountains Insurance Group’s revenue growth rate?

White Mountains Insurance Group's revenue growth rate for the last 3 years (2021-2023) was 83.37%, and for the last 5 years (2019-2023) was 93.92%.

What are White Mountains Insurance Group’s revenue streams?

White Mountains Insurance Group's revenue streams in c 22 are Other Entity, Kudu Investment Management, LLC, HG Global-BAM, and Ark Insurance Holdings Limited. Other Entity generated $76.3M in revenue, accounting 6.00% of the company's total revenue, down -85.43% year-over-year. Kudu Investment Management, LLC generated $118.5M in revenue, accounting 9.32% of the company's total revenue, up 458.96% year-over-year. HG Global-BAM generated $33.3M in revenue, accounting 2.62% of the company's total revenue, up 23.79% year-over-year. Ark Insurance Holdings Limited generated $1.04B in revenue, accounting 82.06% of the company's total revenue, up 63.72% year-over-year.

What is White Mountains Insurance Group’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of White Mountains Insurance Group was Ark Insurance Holdings Limited. This segment made a revenue of $1.04B, representing 82.06% of the company's total revenue.