Hamilton Insurance Group, Ltd. (HG)
Hamilton Insurance Group Ltd. is a holding company, which provides insurance and reinsurance services. It operates through the International and Bermuda segments. The International segment comprises of property, specialty, and casualty insurance and reinsurance classes of business originating from the company's London, Dublin, and Hamilton Select operations. The Bermuda segment offers property, specialty, and casualty insurance and reinsurance classes of business originating from Hamilton Re, Bermuda and Hamilton Re US and subsidiaries. The company was founded in 2013 and is headquartered in Hamilton, Bermuda.
Sector: Fire, Marine & Casualty Insurance
Industry: Insurance - Reinsurance
Hamilton Insurance Group, Ltd.
NYSE:HGFinancial Services · Insurance - Reinsurance
-0.11%$36.94
CLOSED · Nov 6Prev close$36.98-0.11%Close$36.940.00%AH close$36.94
AH$36.94+0.00%vs close
Mkt Cap$3.64B
Float48.18M
O/S98.46M
VOL382K sh
$ Vol$14.09M
RVOL0.89×
Inst Own55.8%
SI3.2%
Div Yield5.41%
Dilution
Financials Summary
Revenue$2.74B
Net Income$576.67M
Total Assets$9.57B
Free Cash Flow$842.35M
Debt & Equity
Debt 5%
Equity 95%
Total Debt$149.74M
Total Equity$2.82B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in HG's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$9.57B
Liabilities$6.75B
Accounts Receivable$2.47B
Accounts Payable$473.72M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$343.83M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-11-30 | 2020-11-30 |
| Revenue | $2.74B | $2.38B | $1.62B | $1.29B | $1.34B | $739.81M |
| YoY Growth | 15.3% | 47.0% | 25.7% | -3.6% | 80.6% | - |
| Cost of Revenue | $1.26B | $1.45B | $1.07B | $1.08B | $919.7M | $723.67M |
| Gross Profit | $1.48B | $930.82M | $547.29M | $203.51M | $416.49M | $16.14M |
| Gross Margin | 54.1% | 39.1% | 33.8% | 15.8% | 31.2% | 2.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $278.91M | $61.11M | $76.69M | $20.14M | $22.47M | $22.91M |
| Other | $380.41M | $248.15M | $215.38M | $210.19M | $131.81M | $167.25M |
| Total Operating Expenses | $659.32M | $309.26M | $292.07M | $230.34M | $154.29M | $190.16M |
| Operating Income (EBIT) | $824.9M | $621.56M | $255.22M | -$26.83M | $262.2M | -$174.03M |
| Operating Margin | 30.1% | 26.1% | 15.8% | -2.1% | 19.6% | -23.5% |
| Interest Expense | $20.19M | $22.62M | $21.43M | $15.74M | $14.9M | $18.91M |
| Interest Income | $144.38M | $113.61M | $78.45M | $34.16M | $15.13M | $21.57M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $824.9M | $621.56M | $255.22M | -$26.83M | $262.2M | -$174.03M |
| Income Tax Expense | -$15.12M | $8.4M | -$25.07M | $3.1M | $12.37M | $11.49M |
| Net Income | $576.67M | $400.43M | $258.73M | -$98M | $188.18M | -$210.45M |
| Net Income Margin | 21.0% | 16.8% | 16.0% | -7.6% | 14.1% | -28.4% |
| Supplementary Data | ||||||
| EPS | 5.68 | 3.67 | 2.47 | -0.89 | 1.84 | -2.05 |
| Diluted EPS | 5.68 | 3.67 | 2.44 | -0.89 | 1.83 | -2.05 |
| Weighted Average OS | 101.47M | 101.47M | 106.04M | 109.99M | 102.53M | 102.56M |
| EBITDA | $861.02M | $660.64M | $289.06M | $3.9M | $291M | -$141.13M |
| EBITDA Margin | 31.4% | 27.8% | 17.9% | 0.3% | 21.8% | -19.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-11-30 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $1.06B | $996.49M | $794.51M | $1.08B | $797.79M |
| Short-Term Investments | $200.46M | $497.11M | $2.26B | $1.55B | $643.86M |
| Cash and Short-Term Investments | $1.26B | $1.49B | $3.05B | $1.08B | $1.44B |
| Accounts Receivable | $2.47B | $2.15B | $2.01B | $1.79B | $1.72B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $109.73M | $104.36M | $106.35M | $130.78M | -$643.86M |
| Total Current Assets | $4.14B | $3.86B | $5.36B | $2.87B | $2.52B |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $0 | $9.1M | $0 | $7.8M | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $24.88M |
| Intangible Assets | $343.83M | $93.12M | $247.89M | $86.96M | $92.13M |
| Long-Term Investments | $4.83B | $442.27M | $851.47M | $2.29B | $2.46B |
| Deferred Tax Assets | $0 | $0 | $0 | $2.37B | $0 |
| Other Long-Term Assets | $265.36M | $3.39B | $209.62M | -$2.37B | $103.23M |
| Total Long-Term Assets | $5.44B | $3.93B | $1.31B | $2.37B | $2.58B |
| Other Assets | $0 | $0 | $0 | $577.71M | $508.4M |
| Total Assets | $9.57B | $7.8B | $6.67B | $5.82B | $5.61B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $473.72M | $446.64M | $459.2M | $382.37M | $496.03M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $1.38B | $0 | $911.22M | $0 | $0 |
| Other Current Liabilities | $4.42B | -$215.85M | $3.03B | -$48.12M | -$674.12M |
| Total Current Liabilities | $6.6B | $446.64M | $4.47B | $382.37M | $0 |
| Long-Term Liabilities | |||||
| Long-Term Debt | $149.74M | $149.94M | $149.83M | $149.72M | $149.88M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $4.87B | $0 | $0 | $3.67B |
| Total Long-Term Liabilities | $149.74M | $5.02B | $149.83M | $149.72M | $3.82B |
| Other Liabilities | $0 | $0 | $0 | $3.62B | $0 |
| Total Liabilities | $6.75B | $5.47B | $4.62B | $4.15B | $3.82B |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $990K | $1.01M | $1.1M | $1.03M | $1.02M |
| Retained Earnings | $1.69B | $1.17B | $801.37M | $547.35M | $681.66M |
| Comprehensive Income & Other | -$4.44M | -$4.44M | -$4.44M | -$4.44M | -$4.44M |
| Other Stockholders' Equity | $1.13B | $1.16B | $1.25B | $1.12B | $1.1B |
| Total Equity | $2.82B | $2.33B | $2.05B | $1.66B | $1.79B |
| Minority Interest | $172K | $128K | $133K | $119K | $150K |
| Total Liabilities and Equity | $9.57B | $7.8B | $6.67B | $5.82B | $5.61B |
| Supplementary Data | |||||
| Total Debt | $149.74M | $149.94M | $149.83M | $149.72M | $149.88M |
| Net Debt | -$912.62M | -$846.55M | -$644.68M | -$926.71M | -$647.92M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-11-30 | 2020-11-30 |
| Operating Activities | ||||||
| Net Income | $840.03M | $613.16M | $258.73M | -$98M | $249.84M | -$210.45M |
| Depreciation & Amortization | $15.93M | $16.47M | $12.41M | $14.99M | $13.9M | $13.99M |
| Deferred Income Tax | $0 | $0 | $0 | $49.61M | $0 | -$56.69M |
| Stock-Based Compensation | $29.26M | $30.38M | $44.38M | $10.78M | $8.88M | $7.17M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$127.32M | -$102.55M | -$190.24M | -$60.4M | -$61.37M | $49.52M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $50.04M | $81.42M | $83.29M | -$78.56M | $37.33M | $51.57M |
| Other Working Capital | $750.19M | $628M | $269.17M | $78.56M | $376.66M | -$51.57M |
| Total Working Capital Change | $672.91M | $606.87M | $162.22M | -$60.4M | $352.62M | $49.52M |
| Other Non-Cash Items | -$715.78M | -$507.58M | -$194.58M | $273.93M | -$398.71M | $199.15M |
| Net Cash from Operating | $842.35M | $759.3M | $283.15M | $190.93M | $226.53M | $2.69M |
| Investing Activities | ||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $57.43M | $0 |
| Purchases of Investments | -$3.59B | -$3.76B | -$5.3B | -$4.79B | -$4.56B | -$5.73B |
| Sales of Investments | $3.13B | $3.19B | $4.67B | $4.86B | $4.66B | $5.57B |
| Other Investing Activities | $40.17M | $391.61M | -$17.93M | $67.05M | -$15.64M | -$19.68M |
| Net Cash from Investing | -$414.09M | -$184.16M | -$652.09M | $133.1M | $137.82M | -$180.13M |
| Financing Activities | ||||||
| Debt Repaid | $311K | - | - | $345K | - | - |
| Common Stock Issuance | $25K | $396K | $83M | $315K | $1.01M | $2.14M |
| Common Stock Repurchases | -$112.54M | -$150.35M | -$2.44M | -$1.52M | -$7.38M | -$3.87M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$263.34M | -$212.73M | -$21.55M | -$68.07M | -$61.63M | -$24.99M |
| Net Cash from Financing | -$376.17M | -$362.69M | $59.02M | -$69.62M | -$68M | -$26.72M |
| Forex Effect | $19.14M | -$12.46M | $3.57M | -$11.34M | -$1.51M | $2.7M |
| Net Change in Cash | $71.24M | $199.99M | -$306.34M | $243.08M | $294.85M | -$201.46M |
| Supplementary Data | ||||||
| Operating Cash Flow | $842.35M | $759.3M | $283.15M | $190.93M | $226.53M | $2.69M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $842.35M | $759.3M | $283.15M | $190.93M | $226.53M | $2.69M |
| Cash at Beginning | $1.1B | $900.86M | $1.21B | $964.13M | $660.08M | $861.54M |
| Cash at End | $1.17B | $1.1B | $900.86M | $1.21B | $954.93M | $660.08M |