The company has bolstered its financial foundation by expanding its equity base to $2.7 billion in 2026Q1, up from $2.0 billion in 2023Q4, to support ongoing underwriting obligations.
| Total Assets | 9.86B | 9.57B | 7.8B | 6.67B | 5.82B | 5.61B |
| Asset Growth % | 75.65% | 22.78% | 16.86% | 14.65% | 3.7% | - |
| Total Investment Assets | 4M | 5.03B | 939.38M | 3.11B | 2.29B | 3.11B |
| Long-Term Investments | 12.47B | 4.83B | 442.27M | 851.47M | 2.29B | 2.46B |
| Short-Term Investments | 3.47B | 200.46M | 497.11M | 2.26B | 1.55B | 643.86M |
| Total Current Assets | 955.52M | 4.14B | 3.86B | 5.36B | 2.87B | 2.52B |
| Cash & Equivalents | 955.52M | 1.06B | 996.49M | 794.51M | 1.08B | 797.79M |
| Receivables | 8.55B | 2.47B | 2.15B | 2.01B | 1.79B | 1.72B |
| Other Current Assets | -4.51B | 109.73M | 104.36M | 106.35M | 130.78M | -643.86M |
| Goodwill & Intangibles | 866.33M | 343.83M | 93.12M | 247.89M | 86.96M | 117.01M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 24.88M |
| Intangible Assets | 84.33M | 343.83M | 93.12M | 247.89M | 86.96M | 92.13M |
| PP&E (Net) | 0 | 0 | 9.1M | 0 | 7.8M | 0 |
| Other Assets | -1.69B | 265.36M | 3.39B | 209.62M | -2.37B | 103.23M |
| Total Liabilities | 7.11B | 6.75B | 5.47B | 4.62B | 4.15B | 3.82B |
| Total Debt | 149.77M | 149.74M | 149.94M | 149.83M | 149.72M | 149.88M |
| Net Debt | -805.75M | -912.62M | -846.55M | -644.68M | -926.71M | -647.92M |
| Long-Term Debt | 149.77M | 149.74M | 149.94M | 149.83M | 149.72M | 149.88M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 6.6B | 446.64M | 4.47B | 382.37M | 0 |
| Accounts Payable | 609.99M | 473.72M | 446.64M | 459.2M | 382.37M | 496.03M |
| Deferred Revenue | 0 | 1.38B | 0 | 911.22M | 0 | 0 |
| Other Current Liabilities | -782.2M | 4.42B | -215.85M | 3.03B | -48.12M | -674.12M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 5.45B | 0 | 4.87B | 0 | 0 | 3.67B |
| Total Equity | 2.75B | 2.82B | 2.33B | 2.05B | 1.66B | 1.79B |
| Equity Growth % | 63.13% | 21.19% | 13.71% | 23.05% | -6.9% | - |
| Shareholders Equity | 2.72B | 2.82B | 2.33B | 2.05B | 1.66B | 1.79B |
| Minority Interest | 30.54M | 172K | 128K | 133K | 119K | 150K |
| Retained Earnings | 1.6B | 1.69B | 1.17B | 801.37M | 547.35M | 681.66M |
| Common Stock | 992K | 990K | 1.01M | 1.1M | 1.03M | 1.02M |
| Accumulated OCI | -4.44M | -4.44M | -4.44M | -4.44M | -4.44M | -4.44M |
| Return on Equity (ROE) | 23% | 22.39% | 18.3% | 13.94% | -5.68% | 10.53% |
| Return on Assets (ROA) | 6.7% | 6.64% | 5.54% | 4.14% | -1.71% | 3.35% |
| Equity / Assets | 27.91% | 29.49% | 29.87% | 30.7% | 28.6% | 31.86% |
| Debt / Equity | 0.05x | 0.05x | 0.06x | 0.07x | 0.09x | 0.08x |
| Book Value per Share | 27.13 | 27.81 | 22.95 | 19.31 | 15.13 | 17.43 |
| Tangible BV per Share | 26.30 | 24.43 | 22.03 | 16.98 | 14.34 | 16.29 |
Casualty reserve development volatility
As reported in recent financial statements, Hamilton Insurance Group has demonstrated consistent balance sheet expansion, with total assets growing from $6.7 billion in 2023Q4 to $9.9 billion by 2026Q1, suggesting a successful scaling of its underwriting footprint during the current hard market pricing cycle.
The steady increase in total assets appears to be driven by the accumulation of premiums and the subsequent growth in invested assets. This trajectory suggests that the company is effectively leveraging its capital base to capture market share in specialty lines, though investors should monitor whether this growth outpaces the company's ability to maintain underwriting discipline.
Based on the company's reported figures, total liabilities have risen from $4.6 billion in 2023Q4 to $7.1 billion in 2026Q1, a trend that largely mirrors the expansion of the company's insurance and reinsurance obligations as it scales its specialty underwriting operations.
The growth in liabilities is primarily a function of increasing loss reserves, which is expected given the company's top-line expansion. However, the sensitivity of these reserves to long-tail casualty lines warrants further investigation, as any adverse development could necessitate significant reserve strengthening that might pressure future earnings.
According to quarterly data, Hamilton Insurance Group has successfully grown its equity base from $2.0 billion in 2023Q4 to $2.7 billion in 2026Q1, providing a robust capital buffer that appears to support the company's ongoing underwriting activities and potential for future strategic initiatives.
The consistent growth in equity suggests that the company is retaining a meaningful portion of its earnings to bolster its capital position. This strengthening of the balance sheet may provide management with increased flexibility to navigate market volatility or pursue opportunistic growth in the specialty insurance sector.
As indicated by the quarterly loss ratio data, which peaked at 70.0% in 2024Q4, the company's reliance on specialty lines may expose it to significant tail risks, particularly if social inflation continues to drive up the severity of claims in the US casualty and liability markets.
While the current underwriting performance appears strong, the potential for long-tail casualty claims to settle at higher-than-anticipated costs remains a non-obvious risk. Investors should monitor whether the company's data-driven underwriting approach is sufficient to mitigate the impact of rising jury awards and broader inflationary pressures on loss severity.
Quick answers to the most common questions about buying HG stock.
As of 2025, Hamilton Insurance Group, Ltd. (HG) had total assets of $9.57B including $4.14B in current assets.
Hamilton Insurance Group, Ltd. (HG) carries total debt of $149.7M, offset by $1.26B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Hamilton Insurance Group, Ltd. (HG) has total shareholders' equity (book value) of $2.82B ($27.81 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Hamilton Insurance Group, Ltd. (HG) reported a current ratio of 0.63x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.