White Mountains Insurance Group annual return on equity
2010
2011
2012
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2014
2015
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2018
2019
2020
2021
2022
2023
2024
2025
White Mountains Insurance Group Return on Equity (ROE) Growth & History (WTM)
White Mountains Insurance Group's return on equity was 22.33% for fiscal 2025.
View full White Mountains Insurance Group company overviewWhite Mountains Insurance Group annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 22.33% | +17.05 pp |
| 2024 | 2024-12-31 | 5.28% | −7.47 pp |
| 2023 | 2023-12-31 | 12.75% | −8.99 pp |
| 2022 | 2022-12-31 | 21.74% | +29.12 pp |
| 2021 | 2021-12-31 | −7.39% | −25.90 pp |
| 2020 | 2020-12-31 | 18.51% | +6.17 pp |
| 2019 | 2019-12-31 | 12.34% | +18.38 pp |
| 2018 | 2018-12-31 | −6.04% | −22.81 pp |
| 2017 | 2017-12-31 | 16.77% | +5.85 pp |
| 2016 | 2016-12-31 | 10.91% | +3.92 pp |
| 2015 | 2015-12-31 | 7.00% | −0.34 pp |
| 2014 | 2014-12-31 | 7.34% | −0.75 pp |
| 2013 | 2013-12-31 | 8.09% | +3.15 pp |
| 2012 | 2012-12-31 | 4.95% | −15.97 pp |
| 2011 | 2011-12-31 | 20.91% | +18.55 pp |
| 2010 | 2010-12-31 | 2.37% | — |
White Mountains Insurance Group quarterly return on equity
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Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.71% | +1.02 pp |
| Q1 2026 | 2026-03-31 | −0.50% | −1.26 pp |
| Q4 2025 | 2025-12-31 | 16.40% | +19.27 pp |
| Q3 2025 | 2025-09-30 | 2.42% | −1.54 pp |
| Q2 2025 | 2025-06-30 | 2.69% | +3.91 pp |
| Q1 2025 | 2025-03-31 | 0.75% | −4.67 pp |
| Q4 2024 | 2024-12-31 | −2.87% | −9.86 pp |
| Q3 2024 | 2024-09-30 | 3.96% | +3.36 pp |
| Q2 2024 | 2024-06-30 | −1.23% | −1.73 pp |
| Q1 2024 | 2024-03-31 | 5.43% | +0.73 pp |
| Q4 2023 | 2023-12-31 | 7.00% | +5.91 pp |
| Q3 2023 | 2023-09-30 | 0.60% | −24.66 pp |
| Q2 2023 | 2023-06-30 | 0.50% | +5.43 pp |
| Q1 2023 | 2023-03-31 | 4.69% | +3.75 pp |
| Q4 2022 | 2022-12-31 | 1.08% | +0.16 pp |
| Q3 2022 | 2022-09-30 | 25.26% | +35.17 pp |
| Q2 2022 | 2022-06-30 | −4.93% | −8.48 pp |
| Q1 2022 | 2022-03-31 | 0.94% | +2.89 pp |
| Q4 2021 | 2021-12-31 | 0.93% | −11.21 pp |
| Q3 2021 | 2021-09-30 | −9.90% | −16.99 pp |
| Q2 2021 | 2021-06-30 | 3.55% | −0.15 pp |
| Q1 2021 | 2021-03-31 | −1.95% | +2.12 pp |
| Q4 2020 | 2020-12-31 | 12.14% | +11.05 pp |
| Q3 2020 | 2020-09-30 | 7.09% | +5.55 pp |
| Q2 2020 | 2020-06-30 | 3.70% | +3.04 pp |
| Q1 2020 | 2020-03-31 | −4.06% | −13.19 pp |
| Q4 2019 | 2019-12-31 | 1.09% | +5.91 pp |
| Q3 2019 | 2019-09-30 | 1.54% | +0.50 pp |
| Q2 2019 | 2019-06-30 | 0.65% | +1.12 pp |
| Q1 2019 | 2019-03-31 | 9.13% | +11.05 pp |
| Q4 2018 | 2018-12-31 | −4.82% | −5.17 pp |
| Q3 2018 | 2018-09-30 | 1.03% | −14.47 pp |
| Q2 2018 | 2018-06-30 | −0.47% | −0.51 pp |
| Q1 2018 | 2018-03-31 | −1.92% | −2.70 pp |
| Q4 2017 | 2017-12-31 | 0.34% | +2.02 pp |
| Q3 2017 | 2017-09-30 | 15.50% | +13.17 pp |
| Q2 2017 | 2017-06-30 | 0.04% | −9.42 pp |
| Q1 2017 | 2017-03-31 | 0.78% | +0.28 pp |
| Q4 2016 | 2016-12-31 | −1.67% | −8.75 pp |
| Q3 2016 | 2016-09-30 | 2.33% | +4.27 pp |
| Q2 2016 | 2016-06-30 | 9.46% | +9.38 pp |
| Q1 2016 | 2016-03-31 | 0.50% | −1.42 pp |
| Q4 2015 | 2015-12-31 | 7.08% | +5.71 pp |
| Q3 2015 | 2015-09-30 | −1.94% | −2.93 pp |
| Q2 2015 | 2015-06-30 | 0.09% | −2.38 pp |
| Q1 2015 | 2015-03-31 | 1.92% | −0.47 pp |
| Q4 2014 | 2014-12-31 | 1.37% | −1.69 pp |
| Q3 2014 | 2014-09-30 | 0.99% | −0.51 pp |
| Q2 2014 | 2014-06-30 | 2.47% | +2.06 pp |
| Q1 2014 | 2014-03-31 | 2.40% | −0.80 pp |
| Q4 2013 | 2013-12-31 | 3.06% | +1.57 pp |
| Q3 2013 | 2013-09-30 | 1.50% | +1.81 pp |
| Q2 2013 | 2013-06-30 | 0.41% | −0.62 pp |
| Q1 2013 | 2013-03-31 | 3.20% | +0.37 pp |
| Q4 2012 | 2012-12-31 | 1.50% | −21.15 pp |
| Q3 2012 | 2012-09-30 | −0.31% | +0.45 pp |
| Q2 2012 | 2012-06-30 | 1.02% | +0.70 pp |
| Q1 2012 | 2012-03-31 | 2.83% | +3.61 pp |
| Q4 2011 | 2011-12-31 | 22.64% | +20.65 pp |
| Q3 2011 | 2011-09-30 | −0.76% | −2.17 pp |
| Q2 2011 | 2011-06-30 | 0.32% | +0.25 pp |
| Q1 2011 | 2011-03-31 | −0.78% | — |
| Q4 2010 | 2010-12-31 | 1.99% | — |
| Q3 2010 | 2010-09-30 | 1.41% | — |
| Q2 2010 | 2010-06-30 | 0.07% | — |
White Mountains Insurance Group return on equity trends
Over the last five fiscal years, White Mountains Insurance Group's return on equity increased from 18.51% to 22.33%, a change of +3.82 percentage points. The latest reported quarter, Q2 2026, shows 3.71%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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