8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Apr 2, 2026·SEC
Material company update
Feb 25, 2026·SEC
Hamilton Insurance Group, Ltd.(HG)Earnings, Financials & Key Ratios
HG•NYSE•Insurance & Managed Care
5.5× P/E·Price updated Jun 19, 2026
AboutHamilton Insurance Group, Ltd., through its subsidiaries, engages in underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property treaty reinsurance; and specialty reinsurance solutions, including accident and health, aviation, crisis management, financial lines, marine and energy, multiline specialty, and satellite reinsurance. It also provides accident and health, cyber, excess energy, environmental, financial lines, fine art and specie, kidnap and ransom, M&A, marine and energy liability, political risk, professional liability, property binders, property D&F, space, upstream energy, general and excess casualty, war and terrorism, allied medical, management liability, medical professionals, products liability and contractors, and small business casualty insurance plans. The company was incorporated in 2013 and is based in Pembroke, Bermuda with additional locations in Dublin, Ireland; London, United Kingdom; Miami, Florida; New York, New York; and Glen Allen, Virginia.Show more
- Revenue$2.74B+15.3%
- Combined Ratio69.92%-5.3%
- Net Income$577M+44.0%
- Return on Equity22.39%+22.4%
- Medical Cost Ratio45.89%-24.6%
- Operating Margin30.08%+15.1%
- Net Margin21.03%+24.9%
- ROA6.64%+20.0%
- Equity / Assets29.49%-1.3%
HG Key Insights
Hamilton Insurance Group, Ltd. (HG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Profitable underwriting: 69.9% combined ratio
- ✓Strong Piotroski F-Score: 7/9
- ✓Low loss ratio of 45.9%
- ✓Good 3Y average ROE of 18.2%
- ✓Trading at only 1.1x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when HG posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
HG Price & Volume
Hamilton Insurance Group, Ltd. (HG) stock price & volume — 10-year historical chart
Loading chart...
HG Growth Metrics
Hamilton Insurance Group, Ltd. (HG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years28.67%
TTM52.43%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM44.01%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM52.86%
Return on Capital
10 Years10.49%
5 Years10.49%
3 Years11.9%
Last Year15.98%
HG Recent Earnings
Hamilton Insurance Group, Ltd. (HG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (82%)●Beat Revenue 10/12 qtrs (91%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$1.64+45.1%
$1.13
Rev
$940M+0.7%
$934M
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$1.65+139.1%
$0.69
Rev
$669M+7.7%
$621M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$1.32+85.9%
$0.71
Rev
$682M+5.8%
$644M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$1.55+53.5%
$1.01
Rev
$741M+42.6%
$520M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $1.64vs $1.13+45.1% | $940Mvs $934M+0.7% |
| Q1 2026 | Feb 19, 2026 | $1.65vs $0.69+139.1% | $669Mvs $621M+7.7% |
| Q4 2025 | Nov 4, 2025 | $1.32vs $0.71+85.9% | $682Mvs $644M+5.8% |
| Q3 2025 | Aug 6, 2025 | $1.55vs $1.01+53.5% | $741Mvs $520M+42.6% |
Based on last 12 quarters of dataView full earnings history →
HG Peer Comparison
Hamilton Insurance Group, Ltd. (HG) competitors in Property and casualty reinsurers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RNR | 12.91B | 299.17 | 5.28 | 9.45% | 26.93% | 16.59% | 0.12 | |
 ACGL | 32.48B | 91.18 | 7.85 | 14.27% | 22.07% | 19.02% | 0.11 | |
 MKL | 23.11B | 1847.16 | 10.92 | -0.96% | 10.7% | 9.56% | 0.23 | |
 GLRE | 532.98M | 16.07 | 7.41 | 7.47% | 11.46% | 11.68% | 0.01 | |
 PLMR | 2.96B | 111.70 | 15.58 | 58.16% | 20.15% | 21.74% | 0.01 | |
 TRV | 66.56B | 307.81 | 11.22 | 5.17% | 12.88% | 19.12% | 0.28 | |
 WRB | 25.16B | 67.18 | 15.10 | 7.82% | 12.1% | 18.86% | 0.29 | |
 HIG | 35.27B | 128.25 | 9.63 | 7.1% | 14.13% | 22.01% | 0.23 |
Compare HG vs Peers
Hamilton Insurance Group, Ltd. (HG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HG Income Statement
Hamilton Insurance Group, Ltd. (HG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Nov'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Revenue | 1.34B | 1.29B | 1.62B | 2.38B | 2.74B |
Revenue Growth % | - | -3.64% | 25.67% | 47.03% | 15.29% |
Medical Costs & Claims | 919.7M | 1.08B | 1.07B | 1.45B | 1.26B |
Medical Cost Ratio % | 68.83% | 84.2% | 66.18% | 60.87% | 45.89% |
Gross Profit | 416.49M▲ 0% | 203.51M▼ 51.1% | 547.29M▲ 168.9% | 930.82M▲ 70.1% | 1.48B▲ 59.5% |
Gross Margin % | 31.17% | 15.8% | 33.82% | 39.13% | 54.11% |
Gross Profit Growth % | - | -51.14% | 168.93% | 70.08% | 59.45% |
Operating Expenses | 154.29M | 230.34M | 292.07M | 309.26M | 659.32M |
OpEx / Revenue % | 11.55% | 17.89% | 18.05% | 13% | 24.04% |
Depreciation & Amortization | 13.9M | 14.99M | 12.41M | 16.47M | 15.93M |
Combined Ratio % | 80.38% | 102.08% | 84.23% | 73.87% | 69.92% |
Operating Income | 262.2M▲ 0% | -26.83M▼ 110.2% | 255.22M▲ 1051.2% | 621.56M▲ 143.5% | 824.9M▲ 32.7% |
Operating Margin % | 19.62% | -2.08% | 15.77% | 26.13% | 30.08% |
Operating Income Growth % | - | -110.23% | 1051.22% | 143.54% | 32.72% |
EBITDA | 276.1M | -11.84M | 267.63M | 638.03M | 840.84M |
EBITDA Margin % | 20.66% | -0.92% | 16.54% | 26.82% | 30.66% |
Interest Expense | 14.9M | 15.74M | 21.43M | 22.62M | 20.19M |
Non-Operating Income | -14.9M | -15.74M | -21.43M | -22.62M | -20.19M |
Pretax Income | 262.2M▲ 0% | -26.83M▼ 110.2% | 255.22M▲ 1051.2% | 621.56M▲ 143.5% | 824.9M▲ 32.7% |
Pretax Margin % | 19.62% | -2.08% | 15.77% | 26.13% | 30.08% |
Income Tax | 12.37M | 3.1M | -25.07M | 8.4M | -15.12M |
Effective Tax Rate % | 4.72% | -11.57% | -9.82% | 1.35% | -1.83% |
Net Income | 188.18M▲ 0% | -98M▼ 152.1% | 258.73M▲ 364.0% | 400.43M▲ 54.8% | 576.67M▲ 44.0% |
Net Margin % | 14.08% | -7.61% | 15.99% | 16.83% | 21.03% |
Net Income Growth % | - | -152.08% | 364.01% | 54.77% | 44.01% |
EPS (Diluted) | -4.20▲ 0% | -0.89▲ 78.8% | 2.44▲ 374.2% | 3.67▲ 50.4% | 5.68▲ 54.8% |
EPS Growth % | - | 78.81% | 374.16% | 50.41% | 54.77% |
EPS (Basic) | -4.20 | -0.89 | 2.47 | 3.81 | 5.68 |
Diluted Shares Outstanding | 102.56M | 109.99M | 106.04M | 101.47M | 101.47M |
HG Balance Sheet
Hamilton Insurance Group, Ltd. (HG) balance sheet — assets, liabilities & shareholders' equity
| Metric | Nov'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Total Assets | 5.61B | 5.82B | 6.67B | 7.8B | 9.57B |
Asset Growth % | - | 3.7% | 14.65% | 16.86% | 22.78% |
Total Investment Assets | 3.11B | 2.29B | 3.11B | 939.38M | 5.03B |
Long-Term Investments | 2.46B | 2.29B | 851.47M | 442.27M | 4.83B |
Short-Term Investments | 643.86M | 0 | 2.26B | 497.11M | 200.46M |
Total Current Assets | 2.52B | 2.87B | 5.36B | 3.86B | 4.14B |
Cash & Equivalents | 797.79M | 1.08B | 794.51M | 996.49M | 1.06B |
Receivables | 1.72B | 1.79B | 2.01B | 2.15B | 2.47B |
Other Current Assets | -643.86M | 0 | 106.35M | 0 | 109.73M |
Goodwill & Intangibles | 117.01M | 86.96M | 247.89M | 93.12M | 343.83M |
Goodwill | 24.88M | 0 | 0 | 0 | 0 |
Intangible Assets | 92.13M | 86.96M | 247.89M | 93.12M | 343.83M |
PP&E (Net) | 0 | 7.8M | 0 | 9.1M | 0 |
Other Assets | 0 | -2.37B | 209.62M | 3.39B | 265.36M |
Total Liabilities | 3.82B | 4.15B | 4.62B | 5.47B | 6.75B |
Total Debt | 149.88M | 149.72M | 149.83M | 149.94M | 149.74M |
Net Debt | -647.92M | -926.71M | -644.68M | -846.55M | -912.62M |
Long-Term Debt | 149.88M | 149.72M | 149.83M | 149.94M | 149.74M |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
Total Current Liabilities | 0 | 382.37M | 4.47B | 446.64M | 6.6B |
Accounts Payable | 496.03M | 382.37M | 459.2M | 446.64M | 473.72M |
Deferred Revenue | 0 | 0 | 911.22M | 0 | 1.38B |
Other Current Liabilities | -674.12M | -48.12M | 3.03B | -215.85M | 4.42B |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 3.67B | 0 | 0 | 4.87B | 0 |
Total Equity | 1.79B▲ 0% | 1.66B▼ 6.9% | 2.05B▲ 23.1% | 2.33B▲ 13.7% | 2.82B▲ 21.2% |
Equity Growth % | - | -6.9% | 23.05% | 13.71% | 21.19% |
Shareholders Equity | 1.79B | 1.66B | 2.05B | 2.33B | 2.82B |
Minority Interest | 150K | 119K | 133K | 128K | 172K |
Retained Earnings | 681.66M | 547.35M | 801.37M | 1.17B | 1.69B |
Common Stock | 1.02M | 1.03M | 1.1M | 1.01M | 990K |
Accumulated OCI | -4.44M | -4.44M | -4.44M | -4.44M | -4.44M |
Return on Equity (ROE) | 10.53% | -5.68% | 13.94% | 18.3% | 22.39% |
Return on Assets (ROA) | 3.35% | -1.71% | 4.14% | 5.54% | 6.64% |
Equity / Assets | 31.86% | 28.6% | 30.7% | 29.87% | 29.49% |
Debt / Equity | 0.08x | 0.09x | 0.07x | 0.06x | 0.05x |
Book Value per Share | 17.43 | 15.13 | 19.31 | 22.95 | 27.81 |
Tangible BV per Share | 16.29 | 14.34 | 16.98 | 22.03 | 24.43 |
HG Cash Flow Statement
Hamilton Insurance Group, Ltd. (HG) cash flow — operating, investing & free cash flow history
| Metric | Nov'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Cash from Operations | 226.53M | 190.93M | 283.15M | 759.3M | 842.35M |
Operating CF Growth % | - | -15.72% | 48.31% | 168.16% | 10.94% |
Operating CF / Revenue % | 16.95% | 14.83% | 17.5% | 31.92% | 30.71% |
Net Income | 249.84M | -98M | 258.73M | 613.16M | 840.03M |
Depreciation & Amortization | 13.9M | 14.99M | 12.41M | 16.47M | 15.93M |
Stock-Based Compensation | 8.88M | 10.78M | 44.38M | 30.38M | 29.26M |
Deferred Taxes | 0 | 49.61M | 0 | 0 | 0 |
Other Non-Cash Items | -398.71M | 273.93M | -194.58M | -507.58M | -715.78M |
Working Capital Changes | 352.62M | -60.4M | 162.22M | 606.87M | 672.91M |
Cash from Investing | 137.82M | 133.1M | -652.09M | -184.16M | -414.09M |
Capital Expenditures | 0 | 0 | 0 | 0 | 0 |
Acquisitions | 57.43M | 0 | 0 | 0 | 0 |
Purchase of Investments | -4.56B | -4.79B | -5.3B | -3.76B | -3.59B |
Sale/Maturity of Investments | 4.66B | 4.86B | 4.67B | 3.19B | 3.13B |
Other Investing | -15.64M | 67.05M | -17.93M | 391.61M | 40.17M |
Cash from Financing | -68M | -69.62M | 59.02M | -362.69M | -376.17M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -7.38M | -1.52M | -2.44M | -150.35M | -112.54M |
Stock Issued | 1.01M | 315K | 83M | 396K | 25K |
Debt Issuance (Net) | 0 | -345K | 0 | 0 | -311K |
Other Financing | -61.63M | -68.07M | -21.55M | -212.73M | -263.34M |
Net Change in Cash | 294.85M▲ 0% | 243.08M▼ 17.6% | -306.34M▼ 226.0% | 199.99M▲ 165.3% | 71.24M▼ 64.4% |
Exchange Rate Effect | -1.51M | -11.34M | 3.57M | -12.46M | 19.14M |
Cash at Beginning | 660.08M | 964.13M | 1.21B | 900.86M | 1.1B |
Cash at End | 954.93M | 1.21B | 900.86M | 1.1B | 1.17B |
Free Cash Flow | 226.53M▲ 0% | 190.93M▼ 15.7% | 283.15M▲ 48.3% | 759.3M▲ 168.2% | 842.35M▲ 10.9% |
FCF Growth % | - | -15.72% | 48.31% | 168.16% | 10.94% |
FCF Margin % | 16.95% | 14.83% | 17.5% | 31.92% | 30.71% |
FCF per Share | 2.21 | 1.74 | 2.67 | 7.48 | 8.3 |
HG Key Ratios
Hamilton Insurance Group, Ltd. (HG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
Combined Ratio | 80.38% | 102.08% | 84.23% | 73.87% | 69.92% |
Medical Cost Ratio | 68.83% | 84.2% | 66.18% | 60.87% | 45.89% |
Return on Equity (ROE) | 10.53% | -5.68% | 13.94% | 18.3% | 22.39% |
Return on Assets (ROA) | 3.35% | -1.71% | 4.14% | 5.54% | 6.64% |
Equity / Assets | 31.86% | 28.6% | 30.7% | 29.87% | 29.49% |
Book Value / Share | 17.43 | 15.13 | 19.31 | 22.95 | 27.81 |
Debt / Equity | 0.08x | 0.09x | 0.07x | 0.06x | 0.05x |
Revenue Growth | - | -3.64% | 25.67% | 47.03% | 15.29% |
Related:HG Dividend History·HG Revenue History·HG Price History·HG P/E History·HG Financial Ratios·HG Institutional Holders
HG SEC Filings & Documents
Hamilton Insurance Group, Ltd. (HG) SEC filings — annual & quarterly reports (10-K, 10-Q)
HG Frequently Asked Questions
Hamilton Insurance Group, Ltd. (HG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Hamilton Insurance Group, Ltd. (HG) grew revenue by 15.3% over the past year. This is strong growth.
Yes, Hamilton Insurance Group, Ltd. (HG) is profitable, generating $576.7M in net income for fiscal year 2025 (21.0% net margin).
Dividend & Returns
Hamilton Insurance Group, Ltd. (HG) has a return on equity (ROE) of 22.4%. This is excellent, indicating efficient use of shareholder capital.
Industry Metrics
Hamilton Insurance Group, Ltd. (HG) has a combined ratio of 69.9%. A ratio below 100% indicates underwriting profitability.