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Stock research / United States / HG · Fire, Marine & Casualty Insurance · NYSE

Hamilton Insurance Group, Ltd. (HG)

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Hamilton Insurance Group, Ltd. (HG) reported revenue of $840 million for Q2 FY2026, the quarter ended 30 June 2026, up 13.3% on the same quarter a year earlier. Net income was $255 million, down 4.8% on the year, and diluted earnings per share $1.42. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$840 millionup 13.3%
Net income$255 milliondown 4.8%
Diluted EPS$1.42
QuarterQ2 FY2026ended 30 June 2026

Hamilton Insurance Group (HG) in brief

Hamilton Insurance Group (HG) reported revenue of $2.9 billion for fiscal 2025, the year ended 31 December 2025, up 24.7% on the year before.
Read moreNet income was $840 million and diluted earnings per share $5.55. Revenue was $2.3 billion in fiscal 2024, $1.6 billion in fiscal 2023 and $1.2 billion in fiscal 2022. Net income in the same years was $613 million, $280 million and a loss of $30 million. Over the twelve months to 30 June 2026, Hamilton Insurance Group reported revenue of $3.0 billion and net income of $863 million. Hamilton Insurance Group had 99 million shares outstanding at the latest filed count. At the close of 27 October 2026 the market cap of Hamilton Insurance Group was $3.5 billion, 6.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE30.3%
ROCE28.2%
Operating margin28.3%
Net margin28.8%
FCF marginn/a
Interest cover43.65
Debt to equity0.05
Cash conversion0.94
Share count, last 12 months-1.5%
Sales CAGR, 3 years33.1%
Profit CAGR, 3 yearsn/a
EPS, TTM$5.74

At the close of 27 October 2026

Price$35.50
Market cap$3.5 billion
Stock P/E6.18
Price to book1.23
EV / EBITDA3.40
Dividend yieldn/a
Market cap / sales1.17
52-week high$37.28
52-week low$23.24
Price, 1 year44.0%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Hamilton Insurance Group, Ltd. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
HGgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on HG

Filings16 in twelve months: 9 current reports (8-K), about 4 results of operations; 3 officer or director change; 2 material agreement; 2 regulation FD disclosure; 2 other events
Planned insider sales10 Form 144 notices in twelve months, $6.9 million; latest 11 September 2026
Options tapeput/call 0.15 by open interest at the 27 October 2026 close; the straddle prices a 13.8% move to 20 November 2026
13F holders243 funds reported a position for the quarter to 30 June 2026; largest Magnitude Capital, LLC
Insider trading9 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.5 million shares short, 4.41 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 15 quarters

Q3 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue227322357396495659588513570769741668728759840
SG&A46.345.849.263.010254.964.962.489.062.768.874.373.161.566.9
Operating income-15054.644.255.010127820364.176.7184270180190219257
Operating margin-66%17%12%14%20%42%35%12%13%24%37%27%26%29%31%
Interest expense4.15.55.25.35.45.76.05.45.55.64.74.94.94.84.8
Pre-tax income-15054.644.255.010127820364.176.7184270180190219257
Tax raten/a3%7%4%-32%0%1%5%3%2%1%2%-13%1%1%
Net income-15153.041.352.613327720061.074.4181268176215217255
Net margin-67%16%12%13%27%42%34%12%13%24%36%26%29%29%30%
Diluted EPS-$1.32$0.49$0.35$0.41$1.15$1.38$1.20$0.74$0.32$0.77$1.79$1.32$1.69$1.31$1.42
Operating cash flown/a12.163.817235.515815616128434.9218296293101125
Buybacksn/a1.60.60.00.23.211010.027.016.935.040.520.233.122.2
Dividends paidn/an/an/an/an/an/an/an/an/a0.00.0n/an/a1990.1
Shares outstanding103m104m104m104m110m111m102m101m101m102m100m98m99m99m99m
Filing10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 4 fiscal years and the trailing twelve months

FY2022FY2023FY2024FY2025TTM
Revenue1,2331,5712,3302,9062,994
Selling, general and administrative178260271279276
Operating income-26.8255622825847
Operating margin-2.2%16.2%26.7%28.4%28.3%
Interest expense15.721.422.620.219.4
Pre-tax income-26.8255622825847
Income tax3.1-25.18.4-15.1-16.2
Effective tax raten/a-9.8%1.4%-1.8%-1.9%
Net income-29.9280613840863
Net margin-2.4%17.8%26.3%28.9%28.8%
Diluted EPS-$0.95$2.44$3.67$5.55$5.74
Filing10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Hamilton Insurance Group: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2022FY2023FY2024FY2025TTM
Operating cash flow191283759842815
Cash from investing133-652-184-414-460
Cash from financing-69.659.0-363-376-588
Depreciation and amortisation15.012.416.515.915.7
Share-based compensation10.844.430.429.328.2
Buybacks1.52.4150113116
Diluted shares, weighted103m106m109m104m101m
Shares outstanding at period end103m110m101m99m99m
Filing10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,6642,0482,3292,8222,851
Redeemable equity0.10.10.10.273.6
Debt150150150150150
Other liabilities4,0054,4745,3176,6007,190
Total liabilities and equity5,8196,6717,7969,57210,264
Owned
Goodwill0.00.00.0n/an/a
Intangible assets87.091.093.186.683.2
Cash and equivalents1,0767959961,062717
Other assets4,6565,7866,7068,4239,463
Total assets5,8196,6717,7969,57210,264
Filing10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a33.1%15.5%
Profit growth, compoundedn/an/an/a47.6%
Return on equity, averagen/a17.0%23.3%29.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Hamilton Insurance Group's revenue in fiscal 2025?

Hamilton Insurance Group (HG) reported revenue of $2.9 billion for fiscal 2025, the year ended 31 December 2025, up 24.7% on the year before.

How much did Hamilton Insurance Group earn in fiscal 2025?

Net income was $840 million for fiscal 2025, and diluted earnings per share $5.55.

What is Hamilton Insurance Group's P/E ratio?

At the close of 27 October 2026, Hamilton Insurance Group traded at 6.2 times its earnings over the twelve months to 30 June 2026.

What is Hamilton Insurance Group's market cap?

The market cap of Hamilton Insurance Group was $3.5 billion at the close of 27 October 2026.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.17 trillion13.6511.5%15.0%3.9%n/an/a
Chubb Ltd. CB$137.4 billion12.6014.8%23.1%8.0%0.231.1%
Progressive Corp. PGR$131.1 billion11.3234.1%16.2%10.5%0.246.2%
Travelers Companies, Inc. TRV$81.4 billion10.3628.7%21.2%1.1%0.341.2%
Allstate Corp. ALL$63.9 billion5.0339.4%23.2%5.9%0.221.7%
American International Group, Inc. AIG$41.8 billion14.557.3%13.6%-4.2%0.222.3%
Hartford Insurance Group, Inc. HIG$35.7 billion8.0824.4%18.2%6.2%0.231.8%
Arch Capital Group Ltd. ACGL$34.2 billion7.8419.5%26.9%0.4%0.185.0%
Everest Group, Ltd. EG$29.1 billion8.2712.4%13.4%-5.1%n/a2.0%
Cincinnati Financial Corp. CINF$27.9 billion10.6416.5%24.8%9.9%0.052.0%
W. R. Berkley Corp. WRB$26.9 billion14.8619.6%n/a4.3%n/a2.6%
Markel Group Inc. MKL$23.0 billionn/an/an/an/a0.23n/a
All 90 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.17 trillion13.6511.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$371.6 billion26.4213.5%4.8%6.5%0.702.2%
Chubb Ltd. CB$137.4 billion12.6014.8%23.1%8.0%0.231.1%
Progressive Corp. PGR$131.1 billion11.3234.1%16.2%10.5%0.246.2%
Elevance Health, Inc. ELV$91.1 billion17.9711.5%2.7%3.6%0.691.6%
Marsh & McLennan Companies, Inc. MRSH$90.6 billion22.8127.1%21.4%7.6%1.272.0%
Travelers Companies, Inc. TRV$81.4 billion10.3628.7%21.2%1.1%0.341.2%
Cigna Group CI$78.8 billion12.3415.1%3.5%7.8%0.752.1%
Manulife Financial Corporation MFC *$75.4 billion20.5011.1%n/an/a0.153.1%
Arthur J. Gallagher & Co. AJG$66.4 billion42.966.6%12.6%26.3%0.571.0%
Aon plc AON$64.1 billion16.6740.8%26.5%4.9%1.351.0%
Allstate Corp. ALL$63.9 billion5.0339.4%23.2%5.9%0.221.7%
Metlife Inc. MET$63.8 billion19.1213.2%8.3%8.7%0.522.3%
Aflac Inc. AFL$61.3 billion13.1616.0%32.0%13.6%0.282.0%
Humana Inc. HUM$49.8 billion39.266.7%1.9%18.3%0.740.9%
Sun Life Financial Inc. SLF *$44.3 billion18.2114.5%n/a8.0%0.333.3%
American International Group, Inc. AIG$41.8 billion14.557.3%13.6%-4.2%0.222.3%
Prudential Financial Inc. PRU$39.7 billion10.4412.4%7.6%9.4%0.624.8%
Hartford Insurance Group, Inc. HIG$35.7 billion8.0824.4%18.2%6.2%0.231.8%
Arch Capital Group Ltd. ACGL$34.2 billion7.8419.5%26.9%0.4%0.185.0%
Centene Corp. CNC$34.1 billion23.566.6%0.5%9.7%0.70n/a
Willis Towers Watson plc WTW$29.7 billion19.6620.4%22.2%3.0%0.851.2%
Everest Group, Ltd. EG$29.1 billion8.2712.4%13.4%-5.1%n/a2.0%
Cincinnati Financial Corp. CINF$27.9 billion10.6416.5%24.8%9.9%0.052.0%
W. R. Berkley Corp. WRB$26.9 billion14.8619.6%n/a4.3%n/a2.6%
Principal Financial Group Inc. PFG$24.0 billion15.9512.8%11.9%3.7%0.362.8%
Markel Group Inc. MKL$23.0 billionn/an/an/an/a0.23n/a
Loews Corp. L$22.7 billion13.628.8%12.3%3.5%0.470.2%
Brown & Brown, Inc. BRO$22.1 billion21.379.7%n/a26.1%0.621.0%
Reinsurance Group of America Inc. RGA$17.2 billion11.5411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.8 billion20.688.5%5.4%29.1%0.832.8%
Equitable Holdings, Inc. EQH$14.9 billionn/an/a-5.7%-22.1%n/a2.0%
Globe Life Inc. GL$14.5 billion10.4319.7%24.2%5.2%0.480.8%
Renaissancere Holdings Ltd. RNR$14.3 billion5.8222.3%39.6%-14.0%0.200.5%
Assurant, Inc. AIZ$14.1 billion13.6717.4%9.9%9.4%n/a1.2%
Unum Group UNM$14.1 billion20.806.5%6.8%3.4%0.352.1%
CNA Financial Corp. CNA$13.0 billion10.5711.1%10.3%3.4%0.278.1%
Erie Indemnity Co. ERIE$12.9 billion22.3623.4%17.9%3.7%n/an/a
American Financial Group Inc. AFG$12.6 billion13.2319.8%14.5%-0.2%0.384.6%
Fidelity National Financial, Inc. FNF$10.6 billion13.7510.4%11.3%13.0%0.595.2%
Oscar Health, Inc. OSCR$10.5 billion22.3926.8%4.1%42.8%0.21n/a
Molina Healthcare, Inc. MOH$10.4 billionn/a-1.2%0.4%-0.9%0.91n/a
Jackson Financial Inc. JXN$9.2 billion164.841.0%55.8%15.1%0.282.5%
Old Republic International Corp. ORI$9.2 billion8.3618.7%14.8%12.1%n/a9.6%
Voya Financial, Inc. VOYA$8.8 billion16.3313.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.6 billion11.1631.5%29.9%8.6%0.241.6%
Hanover Insurance Group, Inc. THG$8.2 billion11.2720.6%15.4%5.6%0.23n/a
Kinsale Capital Group, Inc. KNSL$8.1 billion15.7127.4%33.7%8.3%0.120.3%
Lincoln National Corp. LNC$7.7 billion3.5020.8%14.7%7.9%0.574.5%
Axis Capital Holdings Ltd. AXS$7.5 billion7.2317.0%19.5%9.1%0.201.7%
Enact Holdings, Inc. ACT$6.6 billion10.1212.7%69.1%2.5%0.141.8%
First American Financial Corp. FAF$6.6 billion9.0713.6%11.9%14.1%n/a3.4%
Essent Group Ltd. ESNT$6.0 billion9.2512.0%62.0%4.3%n/a2.0%
Mgic Investment Corp. MTG$5.9 billion8.9614.1%74.0%-1.9%n/a2.1%
RLI Corp. RLI$5.9 billion14.9023.3%25.8%4.6%0.184.2%
Selective Insurance Group Inc. SIGI$5.8 billion11.8414.8%11.9%4.0%0.261.7%
Mercury General Corp. MCY$5.7 billion6.0733.0%18.3%10.0%0.331.2%
Hagerty, Inc. HGTY$5.4 billionn/an/an/an/a1.00n/a
White Mountains Insurance Group Ltd. WTM$5.3 billion5.0420.8%34.2%55.4%0.170.0%
CNO Financial Group, Inc. CNO$5.0 billion18.7110.8%13.3%6.0%0.521.2%
Radian Group Inc. RDN$4.8 billion9.1811.2%n/a37.1%0.142.9%
Corvel Corp. CRVL$4.2 billion36.7228.2%n/a7.1%n/an/a
Lemonade, Inc. LMND$3.6 billionn/a-27.7%-13.7%62.3%n/an/a
Palomar Holdings, Inc. PLMR$3.5 billion18.0120.7%24.1%60.0%0.30n/a
Hamilton Insurance Group, Ltd. HG$3.5 billion6.1830.3%28.3%15.5%0.05n/a
Genworth Financial Inc. GNW$3.4 billion17.112.4%5.4%2.1%0.17n/a
Accelerant Holdings ARX$3.3 billionn/a-180.6%-110.8%n/a0.17n/a
Slide Insurance Holdings, Inc. SLDE$3.3 billion6.9246.5%52.8%n/a0.02n/a
NMI Holdings, Inc. NMIH$3.2 billion8.3814.6%69.3%7.5%n/an/a
Assured Guaranty Ltd. AGO$3.1 billion9.326.3%37.0%-10.6%0.312.1%
Baldwin Insurance Group, Inc. BWIN$3.0 billionn/a-9.2%-6.9%18.9%2.67n/a
SiriusPoint Ltd. SPNT$2.9 billion6.1922.2%18.4%22.6%0.30n/a
Neptune Insurance Holdings Inc. NP$2.8 billion95.06n/a41.3%n/an/an/a
F&G Annuities & Life, Inc. FG$2.7 billion7.049.1%n/a15.0%0.494.7%
Skyward Specialty Insurance Group, Inc. SKWD$2.6 billion13.6414.8%13.9%38.3%0.33n/a
Brighthouse Financial, Inc. BHF$2.6 billion3.5912.7%14.7%2.6%0.48n/a
HCI Group, Inc. HCI$2.5 billion8.6228.7%48.4%22.8%0.030.8%
Porch Group, Inc. PRCH$2.3 billionn/an/a7.8%17.6%n/an/a
Horace Mann Educators Corp. HMN$1.9 billion10.8011.8%12.4%5.9%0.403.1%
Kemper Corp. KMPR$1.7 billionn/a-22.6%n/a-4.5%0.434.4%
Alignment Healthcare, Inc. ALHC$1.7 billion42.3715.4%1.2%37.2%1.22n/a
Goosehead Insurance, Inc. GSHD$1.6 billion33.65n/a23.3%17.7%n/an/a
Safety Insurance Group Inc. SAFT$1.5 billion22.487.8%6.8%7.2%0.063.5%
United Fire Group Inc. UFCS$1.5 billion10.6414.4%12.0%11.4%0.151.3%
Stewart Information Services Corp. STC$1.3 billion9.528.1%5.9%22.5%0.394.9%
Trupanion, Inc. TRUP$1.3 billion55.095.7%1.6%11.8%0.26n/a
Employers Holdings, Inc. EIG$933 million63.370.9%0.8%-5.8%0.152.5%
Root, Inc. ROOT$888 million14.7518.7%5.5%14.9%0.60n/a
Amerisafe Inc. AMSF$472 million10.2718.8%17.5%9.5%n/a6.1%
Ryan Specialty Holdings, Inc. RYANn/an/a19.4%14.8%14.4%7.131.2%
36 companies share its SEC industry code (Fire, Marine & Casualty Insurance); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR