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Hamilton Insurance Group, Ltd.
NYSE: HG Financials Insurance 🔎 Screen
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 74 Forming View all →
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$3.5B
Market Cap
5.0
P/E
0.56
PEG
31.1%
ROCE
32.6%
ROE
0.06
D/E
29.2%
OPM
-6.4%
% from 52W High
81
α RS
🔍 HG is showing a high-conviction setup because it matches 19 of 39 tracked screener presets, RS Rating is 81, and an ECS of 74 last quarter. Net: Broad signal stack, not a recommendation. ? Conviction RS Rating ECS
Sources
Conviction 19/39 · RS Rating 81 · ECS 74
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🌏 Global Investor Returns
Currency-adjusted total returns for HG including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

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.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding HG
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 195.5K $5.8M 0.01% Mar 2026
Jim Simons Renaissance Technologies LLC 27.5K $822K 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Hamilton Insurance Group posts Q1 2026 net income of $134M, operating income $167M
Revenue & Profitability
Net income for Q1 2026 was $134 million, or $1.31 per diluted share, producing an annualized return on average equity of 19%. Operating income was $167 million, or $1.64 per diluted share, with an annualized operating ROE of 24%. Gross premiums written increased 11% year-over-year to $940 million. Underwriting income was $58 million compared to an underwriting loss of $58 million in Q1 2025. The combined ratio improved to 89.8% from 111.6%. Net investment income was $94 million, including a $93 million net return from the Two Sigma Hamilton Fund.
Outlook
Management expects continued competitive pricing pressure at mid-year renewals, particularly in property lines, due to record industry capital and manageable catastrophe losses. However, pricing levels remain off historic highs, and margins are expected to stay above thresholds, especially in Hamilton's U.S.-centric portfolio. Geopolitical uncertainty, including the Middle East conflict, is a headwind that may lead to continued specialty insurance losses, though Hamilton's exposure is manageable. Inflationary pressures from the conflict are being monitored.
Growth Drivers
Growth is driven by focused expansion in casualty reinsurance (Bermuda segment) with a 5% premium increase, and in International specialty lines (up 20%), particularly Accident & Health and M&A. Hamilton Select (U.S. E&S casualty) grew 17% in excess casualty, general casualty, and small business. The newly launched casualty sidecar supports targeted casualty reinsurance growth while providing fee income. Conversely, the company pulled back in property reinsurance (excluding reinstatement premiums) and in professional/medical lines due to unattractive pricing. Property launch for Hamilton Select is expected in Q2 2026.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
The group combined ratio was 89.8% in Q1 2026, driven by no catastrophe losses (versus 30 points in Q1 2025). The attritional loss ratio was 54.5% (guidance 55% full year). The expense ratio increased to 32.9% due to higher acquisition costs from business mix changes, partially offset by lower other underwriting expenses from the Bermuda tax credit and third-party fee income. Bermuda segment combined ratio was 81.8%; International was 97.5%. Management expects full-year attritional loss ratios of about 56% for Bermuda and 54.5% for International.
Key Risks
Risks flagged include: ongoing Middle East conflict leading to specialty insurance losses (political violence, marine hull) with potential inflationary effects; accelerating property rate declines that could pressure margins; unfavorable prior year development (Baltimore Bridge reserve adjustment of $14 million); and a competitive environment where growth for growth's sake is not pursued. Analysts also raised concerns about Florida renewal pricing and MGA relationships, which management noted are tightly controlled.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-07
Net income reached $144 million in Q2 2026, with 14% premium growth and a 95% combined ratio, impacted by $50 million in catastrophe losses. Hamilton Select expanded, aided by an AM Best upgrade, while disciplined underwriting and capital management supported strong returns.
Q1 2026 Q1 2026 2026-05-01
Net income rose to $134 million with an 11% increase in gross premiums written and a combined ratio of 89.8%. Disciplined underwriting and selective growth drove strong results, while capital management included a $200 million special dividend and share repurchases.
Q4 2025 Q4 2025 2026-02-20
Record net income and premium growth were achieved in 2025, with strong underwriting and investment results. Capital was returned via a special dividend and share buybacks, while guidance for 2026 anticipates more measured growth amid a competitive market.
Q3 2025 Q3 2025 2025-11-05
Net income rose to $136 million with a 21% ROAE, driven by strong underwriting and investment results. Gross premiums written increased 26% year-over-year, and the combined ratio improved to 87.8%. Growth was led by casualty and specialty lines, with continued focus on disciplined underwriting.
Q2 2025 Q2 2025 2025-08-07
Reported strong Q2 results with net income of $187M, 18% premium growth, and a combined ratio of 86.8%. Management succession and share repurchases highlighted, with continued focus on disciplined underwriting and capital strength.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Information Sources:
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