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Hamilton Insurance Group, Ltd. HG R2K

Financial Services · Insurance - Reinsurance · Bermuda
https://www.hamiltongroup.com

Hamilton Insurance Group, Ltd., through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally. It operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial auto, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial risks, marine and energy, and multiline specialty. It also provides accident and health, cyber, energy, environmental, financial lines, fine art and specie, kidnap and ransom, mergers and acquisitions, marine and energy liability, political risk and violence, professional liability, property binders, property direct and facultative, professional lines, space, upstream energy, excess casualty, war and terrorism, allied medical, products liability and contractors, management liability, medical professionals, general liability, and small business casualty insurance plans, as well as surety and treaty reinsurance products. The company was incorporated in 2013 and is headquartered in Pembroke, Bermuda.

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$29.61
+45.61% 1Y

Market & Price

Market Cap
$2.94B
Current Price
$29.61
High / Low (52W)
$32.79 / $19.19
Beta
0.70

Valuation

Stock P/E
4.86
Industry PE
12.01
Forward P/E
6.30
PEG Ratio
-
Book Value
$28.50
Price to Book
1.04
P/S
1.02
EV/EBITDA
2.04
Dividend Yield
-

Profitability & Returns

ROCE
-
ROE
33.74%
ROA
6.03%
Profit Margin
21.74%
Op Margin
29.11%
EPS (Latest Qtr)
$1.31
EPS (TTM)
$6.09

Balance Sheet & Liquidity

Debt/Equity
0.05
Quick Ratio
1.11
Current Ratio
1.96
Debt
$149.77M
Total Assets
$9.57B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
9.14%
Chg in Prom Hold
-
FII / Inst Holding
83.14%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$1.83B
Total Revenue (TTM)
$2.89B
EBITDA
$894.04M
Free Cash Flow
$527.83M
Operating Cash Flow
$908.28M
Shares Outstanding
66.53M
Gross Margin
40.48%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
32.23%
Profit 5Y
229.48%
Revenue (YoY)
-2.20%
Earnings (YoY)
70.10%

PROS

  • Strong return on equity of 33.7%.
  • Excellent profit margin of 21.7%.
  • Compounding revenue at 32.2% over 5 years.
  • Profit CAGR of 229.5% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 HG Hamilton Insurance Group, Ltd. R2K 29.61 4.86 $2.94B - - 33.74% 32.23% 229.48%
2 JPM JPMorgan Chase & Co. SPX 299.31 14.33 $802.00B 2.00% - 16.47% 12.50% 14.83%
3 V Visa Inc. SPX 326.36 28.48 $620.65B 0.82% 38.38% 60.35% 10.92% 10.28%
4 MA Mastercard Incorporated SPX 493.98 28.57 $436.47B 0.70% 61.47% - 13.82% 14.66%
5 MS Morgan Stanley SPX 208.00 18.84 $328.08B 1.92% - 16.39% 9.52% 15.20%
6 GS The Goldman Sachs Group, Inc. SPX 1,025.56 18.73 $302.55B 1.76% - 14.55% 7.16% 15.11%
7 WFC Wells Fargo & Company SPX 77.54 11.98 $237.29B 2.32% - 12.03% 4.02% 15.98%
8 BLK BlackRock, Inc. SPX 1,046.88 26.32 $162.51B 2.19% 4.89% 11.90% 10.65% 2.36%
9 SCHW The Charles Schwab Corporation SPX 87.35 17.37 $151.91B 1.47% - 19.08% 4.83% 7.21%
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Quarterly Results

Figures in USD.

Metric Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 226.94M322.38M357.24M396.27M658.64M587.94M512.84M781.75M754.48M681.54M742.90M773.38M
Cost of Revenue ------------
Gross Profit ------------
Operating Expenses ------------
Operating Income -------190.07M275.19M185.22M194.61M224.13M
EBITDA ------------
Interest Expense -------5.60M4.73M4.93M4.92M4.78M
Pretax Income -------184.47M270.46M180.29M189.68M219.35M
Tax Provision -------3.21M2.67M3.87M-24.87M2.32M
Net Income -------80.87M187.41M136.20M172.18M133.54M
Diluted EPS -1.320.490.350.411.381.200.740.771.791.321.691.31

Profit & Loss (Annual)

Figures in USD.

Metric Nov 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -1.28B1.62B2.38B2.96B
Cost of Revenue -----
Gross Profit -----
Operating Expenses -----
Operating Income --11.09M276.65M644.18M845.09M
EBITDA -----
Interest Expense -15.74M21.43M22.62M20.19M
Pretax Income --26.83M255.22M621.56M824.90M
Tax Provision -3.10M-25.07M8.40M-15.12M
Net Income --98.00M258.73M400.43M576.67M
Diluted EPS --0.892.443.675.55

Compounded Sales Growth

5 Years:32.23%
1 Year:-2.20%

Compounded Profit Growth

5 Years:229.48%
1 Year:70.10%

Stock Price Performance

1 Year:+45.61%
6 Months:+14.80%
3 Months:+0.30%
1 Month:-7.32%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2020Nov 2021Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets ---5.82B6.67B7.80B9.57B
Current Assets -------
Cash & Equivalents ---1.08B794.51M996.49M1.06B
Inventory -------
Receivables ---1.79B1.96B2.08B2.41B
Total Liabilities ---4.15B4.62B5.47B6.75B
Current Liabilities -------
Long Term Debt ---149.72M149.83M149.94M149.74M
Total Debt ---149.72M149.83M149.94M149.74M
Total Equity 1.66B-1.75B1.66B2.05B2.33B2.82B
Shares Outstanding ---109.99M110.23M101.47M99.03M

Cash Flows (Annual)

Figures in USD.

Metric Nov 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -190.93M283.15M759.30M842.35M
Investing Cash Flow -133.10M-652.09M-184.16M-414.09M
Financing Cash Flow --69.62M59.02M-362.69M-376.17M
Capital Expenditure -----
Free Cash Flow -190.93M283.15M759.30M842.35M
Net Change in Cash -254.41M-309.92M212.46M52.10M
Share Buybacks 7.38M1.52M2.44M150.35M112.54M

Ratios (Annual)

Figures in %.

Metric Nov 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -----
Operating Margin % --0.9%17.1%27.1%28.5%
Net Margin % --7.7%16.0%16.8%19.5%
ROE % --5.9%12.6%17.2%20.4%
ROCE % -----

Shareholding Pattern

Insiders
9.14%
Institutions
83.14%
Public Float
91.50%

Top Institutional Holders

#Holder% HeldSharesValue
1 Magnitude Capital, LLC 22.69% 15.10M $447.02M
2 Wellington Management Group, LLP 6.23% 4.14M $122.71M
3 Blackrock Inc. 4.25% 2.83M $83.79M
4 Nuveen, LLC 3.56% 2.37M $70.06M
5 Morgan Stanley 3.09% 2.06M $60.88M
6 Donald Smith & Co., Inc. 2.48% 1.65M $48.83M
7 Arrowstreet Capital, Limited Partnership 2.25% 1.50M $44.33M
8 Dimensional Fund Advisors LP 2.03% 1.35M $40.02M
9 Lazard Asset Management LLC 1.58% 1.05M $31.08M
10 Federated Hermes, Inc. 1.42% 945.66K $28.00M

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