Company / SG&A Expense
WHITE MOUNTAINS INSURANCE GROUP LTD SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$606.6M
FY2025
5-year range
$291.6M / $606.6M
FY2021-FY2025
Trend
+23.8%
vs FY2024
Sector context
#37 of 131
Financials
What the data says
At $607M, WHITE MOUNTAINS INSURANCE GROUP LTD's sg&a expense ranks #95 of 131 in the Financials sector. SG&A Expense has increased for 5 consecutive years, from $208M in FY2020 to $607M in FY2025.
Based on SEC 10-K filings.
$607M in FY2025 with a 5-year CAGR of +23.9%.
Increased from $433M to $607M over the past 2 years.
Financials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +18.5%
- 5-Year CAGR
- +23.9%
- 10-Year CAGR
- -
Sector benchmark
#95 of 131 in FinancialsTop 72% of 131This company $606.6M Sector average $902.0M
▼
-32.8% below sector average
Key checks
Key Insights
- WHITE MOUNTAINS INSURANCE GROUP LTD's sg&a expense has grown for 5 consecutive years.
- 5-year CAGR of +23.9%, indicating consistent growth.
- In FY2025, sg&a expense increased 23.8% year-over-year.
- Ranks #37 out of 131 companies in the Financials sector.
Company context
Key Data Points
- Altman Z-Score 0.97 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $606.6M | +23.8% |
| FY2024 | $490.1M | +13.3% |
| FY2023 | $432.6M | +18.8% |
| FY2022 | $364.1M | +24.9% |
| FY2021 | $291.6M | +40.3% |
| FY2020 | $207.9M | -36.7% |
| FY2019 | $328.2M | +40.6% |
| FY2018 | $233.5M | +12.3% |
| FY2017 | $208.0M | +18.5% |
| FY2016 | $175.5M | -12.6% |
As of FY2025 · SEC 10-K Annual Filings · Updated Mar 28, 2026