Hamilton Insurance Group (HG) Financials

$30.21 -0.22 (-0.74%)

Closing price 03:59 PM Eastern

Extended Trading

$30.17 -0.04 (-0.12%)

As of 05:27 PM Eastern

Annual Income Statements for Hamilton Insurance Group

This table shows Hamilton Insurance Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	11/30/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	188	-98	259	400	577
Consolidated Net Income / (Loss)	250	-30	280	613	840
Net Income / (Loss) Continuing Operations	250	-30	280	613	840
Total Pre-Tax Income	262	-27	255	622	825
Total Operating Income	-38	-76	54	88	92
Total Gross Profit	378	397	623	748	878
Total Revenue	1,018	1,233	1,571	2,330	2,906
Operating Revenue	1,018	1,155	1,337	1,758	2,136
Total Cost of Revenue	641	758	715	1,010	1,259
Operating Cost of Revenue	641	758	715	1,010	1,259
Total Operating Expenses	416	473	569	660	786
Selling, General & Admin Expense	172	178	260	271	279
Amortization Expense	243	271	309	389	507
Total Other Income / (Expense), net	301	49	202	533	733
Interest Expense	15	16	21	23	20
Interest & Investment Income	309	72	240	575	775
Other Income / (Expense), net	6.44	-6.70	-17	-19	-22
Income Tax Expense	12	3.10	-25	8.40	-15
Net Income / (Loss) Attributable to Noncontrolling Interest	62	68	22	213	263
Basic Earnings per Share	$1.83	($0.95)	$2.47	$3.81	$5.75
Weighted Average Basic Shares Outstanding	-	-	56.69M	64.62M	66.42M
Diluted Earnings per Share	$1.82	($0.95)	$2.44	$3.67	$5.55
Weighted Average Diluted Shares Outstanding	-	-	56.69M	64.62M	66.42M
Weighted Average Basic & Diluted Shares Outstanding	-	-	56.69M	64.62M	66.42M

This table shows Hamilton Insurance Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	37	44	127	157	131	78	34	81	187	136	172
Consolidated Net Income / (Loss)	41	53	133	277	200	61	74	181	268	176	215
Net Income / (Loss) Continuing Operations	41	53	133	277	200	61	74	181	268	176	215
Total Pre-Tax Income	44	55	101	278	203	64	77	184	270	180	190
Total Operating Income	28	6.27	-8.52	21	49	15	3.16	-71	55	49	60
Total Gross Profit	154	148	182	160	210	180	198	108	246	248	275
Total Revenue	357	396	495	659	588	513	570	769	741	668	728
Operating Revenue	334	339	377	393	425	453	488	504	516	527	589
Total Cost of Revenue	179	192	195	232	214	274	290	395	270	279	315
Operating Cost of Revenue	179	192	195	232	214	274	290	395	270	279	315
Total Operating Expenses	126	142	190	139	161	165	195	180	192	200	215
Selling, General & Admin Expense	49	63	102	55	65	62	89	63	69	74	73
Amortization Expense	77	79	89	85	96	102	106	117	123	125	142
Total Other Income / (Expense), net	16	49	110	257	154	49	74	256	216	132	130
Interest Expense	5.19	5.29	5.43	5.71	6.03	5.35	5.53	5.60	4.73	4.93	4.93
Interest & Investment Income	27	55	120	268	165	66	76	268	229	138	140
Other Income / (Expense), net	-5.65	-1.36	-5.14	-5.38	-5.10	-11	2.90	-6.42	-8.52	-1.38	-5.38
Income Tax Expense	2.95	2.39	-32	0.59	2.50	3.03	2.29	3.21	2.68	3.87	-25
Net Income / (Loss) Attributable to Noncontrolling Interest	4.50	9.07	6.48	120	69	-17	40	100	80	40	42
Basic Earnings per Share	$0.35	$0.42	$1.20	$1.42	$1.24	$0.77	$0.38	$0.79	$1.85	$1.37	$1.74
Weighted Average Basic Shares Outstanding	-	-	56.69M	56.81M	61.34M	64.20M	64.62M	67.02M	65.61M	64.54M	66.42M
Diluted Earnings per Share	$0.35	$0.41	$1.19	$1.38	$1.20	$0.74	$0.35	$0.77	$1.79	$1.32	$1.67
Weighted Average Diluted Shares Outstanding	-	-	56.69M	56.81M	61.34M	64.20M	64.62M	67.02M	65.61M	64.54M	66.42M
Weighted Average Basic & Diluted Shares Outstanding	-	-	56.69M	56.81M	61.34M	64.20M	64.62M	67.02M	65.61M	64.54M	66.42M

This table details how cash moves in and out of Hamilton Insurance Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	11/30/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	295	243	-306	200	71
Net Cash From Operating Activities	227	191	283	759	842
Net Cash From Continuing Operating Activities	227	191	283	759	842
Net Income / (Loss) Continuing Operations	250	-30	280	613	840
Consolidated Net Income / (Loss)	250	-30	280	613	840
Depreciation Expense	14	15	12	16	16
Non-Cash Adjustments To Reconcile Net Income	-43	300	20	88	77
Changes in Operating Assets and Liabilities, net	5.56	-94	-29	42	-91
Net Cash From Investing Activities	138	133	-652	-184	-414
Net Cash From Continuing Investing Activities	138	133	-652	-184	-414
Purchase of Investments	-4,561	-4,722	-5,283	-6,243	-6,300
Sale and/or Maturity of Investments	4,625	4,856	4,670	6,060	5,784
Other Investing Activities, net	16	-1.02	-39	-1.58	101
Net Cash From Financing Activities	-68	-70	59	-363	-376
Net Cash From Continuing Financing Activities	-68	-70	59	-363	-376
Repayment of Debt	0.00	-0.35	0.00	0.00	-0.31
Repurchase of Common Equity	-7.38	-1.52	-2.44	-150	-113
Payment of Dividends	-62	-68	-22	-213	-263
Issuance of Common Equity	0.01	0.01	0.07	0.03	0.03
Other Financing Activities, net	1.01	0.31	83	0.37	-0.03
Effect of Exchange Rate Changes	-1.51	-11	3.57	-12	19
Cash Interest Paid	12	16	22	22	22
Cash Income Taxes Paid	12	9.97	4.21	11	16

This table details how cash moves in and out of Hamilton Insurance Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-160	-22	-2.67	280	-66	-64	50	-188	158	-6.08	107
Net Cash From Operating Activities	64	172	35	158	156	161	284	35	218	296	293
Net Cash From Continuing Operating Activities	64	172	35	158	156	161	284	35	218	296	293
Net Income / (Loss) Continuing Operations	41	53	133	277	200	61	74	181	268	176	215
Consolidated Net Income / (Loss)	41	53	133	277	200	61	74	181	268	176	215
Depreciation Expense	2.71	3.20	3.42	3.63	3.83	5.63	3.39	4.33	4.33	4.34	2.93
Non-Cash Adjustments To Reconcile Net Income	-16	111	-78	-131	-9.04	120	108	-17	-35	111	18
Changes in Operating Assets and Liabilities, net	36	5.39	-23	8.26	-39	-26	98	-133	-19	3.78	58
Net Cash From Investing Activities	-220	-179	-121	194	-64	-225	-89	-151	9.76	-231	-43
Net Cash From Continuing Investing Activities	-220	-179	-121	194	-64	-225	-89	-151	9.76	-231	-43
Purchase of Investments	-1,276	-1,284	-1,440	-1,476	-1,441	-1,722	-1,604	-1,732	-1,593	-1,608	-1,366
Sale and/or Maturity of Investments	1,060	1,029	1,398	1,662	1,321	1,468	1,610	1,625	1,518	1,413	1,229
Other Investing Activities, net	-3.65	76	-79	8.13	56	29	-95	-43	85	-36	95
Net Cash From Financing Activities	-5.14	-9.06	76	-68	-157	-10	-127	-78	-86	-69	-144
Net Cash From Continuing Financing Activities	-5.14	-9.06	76	-68	-157	-10	-127	-78	-86	-69	-144
Repurchase of Common Equity	-0.64	-	-0.19	-3.21	-110	-10	-27	-17	-35	-40	-20
Payment of Dividends	-4.50	-9.06	-6.48	-66	-47	-	-100	-61	-50	-28	-123
Issuance of Common Equity	0.00	-	0.07	0.01	0.00	-	0.02	0.01	-	-	0.01
Other Financing Activities, net	-	-0.00	83	0.39	-0.00	-	-0.02	-0.01	-0.00	-	-0.01
Effect of Exchange Rate Changes	1.51	-5.37	6.67	-4.21	-1.05	11	-18	6.15	16	-2.35	-0.27

This table presents Hamilton Insurance Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	5,819	6,671	7,796	9,572
Total Current Assets	1,207	3,196	1,101	1,172
Cash & Equivalents	1,076	795	996	1,062
Restricted Cash	131	106	104	110
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00
Total Noncurrent Assets	5,779	5,429	5,548	7,046
Long-Term Investments	2,287	3,924	3,888	5,085
Noncurrent Note & Lease Receivables	523	658	772	940
Intangible Assets	87	91	93	87
Other Noncurrent Operating Assets	2,883	756	795	935
Total Liabilities & Shareholders' Equity	5,819	6,671	7,796	9,572
Total Liabilities	4,155	4,623	5,467	6,749
Total Current Liabilities	138	187	185	177
Accounts Payable	138	187	185	177
Total Noncurrent Liabilities	4,017	4,436	5,282	6,572
Long-Term Debt	150	150	150	150
Asset Retirement Reserve & Litigation Obligation	2,856	3,030	3,532	4,415
Other Noncurrent Operating Liabilities	1,011	1,257	1,599	2,007
Redeemable Noncontrolling Interest	0.12	0.13	0.13	0.17
Total Equity & Noncontrolling Interests	1,664	2,048	2,329	2,822
Total Preferred & Common Equity	1,664	2,048	2,329	2,822
Total Common Equity	1,664	2,048	2,329	2,822
Common Stock	1,121	1,251	1,165	1,136
Retained Earnings	547	801	1,169	1,691
Accumulated Other Comprehensive Income / (Loss)	-4.44	-4.44	-4.44	-4.44

This table presents Hamilton Insurance Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	7,349	7,623	7,827	8,343	8,913	9,213
Total Current Assets	1,181	1,115	1,051	913	1,071	1,065
Cash & Equivalents	1,085	1,017	957	839	986	955
Restricted Cash	96	98	94	75	86	110
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	5,048	8,850	5,629	6,217	6,625	8,148
Long-Term Investments	3,201	3,468	3,800	4,220	4,498	4,817
Noncurrent Note & Lease Receivables	856	933	886	990	1,049	1,012
Intangible Assets	93	94	94	91	90	89
Other Noncurrent Operating Assets	899	4,354	849	917	989	2,230
Total Liabilities & Shareholders' Equity	7,349	7,623	7,827	8,343	8,913	9,213
Total Liabilities	5,085	5,307	5,453	5,904	6,285	6,470
Total Current Liabilities	156	3,401	3,603	138	142	168
Accounts Payable	156	158	169	138	142	168
Total Noncurrent Liabilities	4,929	1,906	1,849	5,767	6,143	6,302
Long-Term Debt	150	150	150	150	150	150
Asset Retirement Reserve & Litigation Obligation	3,149	-	-	3,815	3,984	4,206
Other Noncurrent Operating Liabilities	1,630	1,756	1,699	1,801	2,009	1,947
Redeemable Noncontrolling Interest	55	77	60	39	69	81
Total Equity & Noncontrolling Interests	2,210	2,239	2,314	2,399	2,559	2,662
Total Preferred & Common Equity	2,210	2,239	2,314	2,399	2,559	2,662
Total Common Equity	2,210	2,239	2,314	2,399	2,559	2,662
Common Stock	1,256	1,173	1,173	1,162	1,150	1,137
Retained Earnings	958	1,070	1,145	1,242	1,413	1,530
Accumulated Other Comprehensive Income / (Loss)	-4.44	-4.44	-4.44	-4.44	-4.44	-4.44

This table displays calculated financial ratios and metrics derived from Hamilton Insurance Group's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	11/30/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	21.11%	27.41%	48.30%	24.70%
EBITDA Growth	0.00%	-278.02%	172.10%	75.45%	-0.09%
EBIT Growth	0.00%	-160.24%	144.11%	89.95%	0.66%
NOPAT Growth	0.00%	-46.20%	210.19%	48.02%	7.21%
Net Income Growth	0.00%	-111.98%	1,036.32%	118.76%	37.00%
EPS Growth	0.00%	-152.20%	356.84%	50.41%	51.23%
Operating Cash Flow Growth	0.00%	-15.72%	48.31%	168.16%	10.94%
Free Cash Flow Firm Growth	0.00%	0.00%	448.11%	-69.13%	38.25%
Invested Capital Growth	0.00%	0.00%	-479.51%	-23.23%	-26.80%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	15.29%	5.74%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	29.30%	124.56%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	39.04%	219.93%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	26.83%	169.08%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-8.77%	20.02%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-18.63%	31.21%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	48.68%	1.12%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	338.68%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-5.29%	-55.14%
Profitability Metrics	-	-	-	-	-
Gross Margin	37.08%	32.17%	39.63%	32.12%	30.21%
EBITDA Margin	-1.77%	-5.51%	3.12%	3.69%	2.96%
Operating Margin	-3.76%	-6.18%	3.41%	3.79%	3.15%
EBIT Margin	-3.13%	-6.73%	2.33%	2.98%	2.41%
Profit (Net Income) Margin	24.54%	-2.43%	17.84%	26.32%	28.91%
Tax Burden Percent	95.28%	111.57%	109.82%	98.65%	101.83%
Interest Burden Percent	-822.60%	32.35%	697.53%	894.31%	1,179.08%
Effective Tax Rate	4.72%	0.00%	-9.82%	1.35%	-1.83%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-1.80%	15.10%	28.02%	32.62%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-1.43%	0.59%	0.96%	0.81%
Return on Assets (ROA)	0.00%	-0.51%	4.49%	8.48%	9.67%
Return on Common Equity (ROCE)	0.00%	-1.80%	15.10%	28.02%	32.61%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-1.80%	13.69%	26.33%	0.00%
Net Operating Profit after Tax (NOPAT)	-37	-53	59	87	93
NOPAT Margin	-3.59%	-4.33%	3.74%	3.74%	3.21%
Net Nonoperating Expense Percent (NNEP)	0.00%	2.15%	6.16%	9.56%	11.11%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.94%	2.68%	3.51%	3.14%
Cost of Revenue to Revenue	62.92%	61.50%	45.49%	43.36%	43.31%
SG&A Expenses to Revenue	16.92%	14.41%	16.54%	11.64%	9.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.85%	38.36%	36.22%	28.33%	27.06%
Earnings before Interest and Taxes (EBIT)	-32	-83	37	70	70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-18	-68	49	86	86
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.14	0.00	0.52	0.64
Price to Tangible Book Value (P/TBV)	0.00	0.14	0.00	0.55	0.66
Price to Revenue (P/Rev)	0.22	0.18	0.00	0.52	0.62
Price to Earnings (P/E)	1.20	0.00	0.00	3.05	3.12
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	83.64%	0.00%	0.00%	32.78%	32.03%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.09	0.07	0.06	0.05
Long-Term Debt to Equity	0.00	0.09	0.07	0.06	0.05
Financial Leverage	0.00	-1.31	-1.94	-2.51	-2.61
Leverage Ratio	0.00	3.50	3.36	3.31	3.37
Compound Leverage Factor	0.00	1.13	23.47	29.56	39.75
Debt to Total Capital	0.00%	8.25%	6.82%	6.05%	5.04%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	8.25%	6.82%	6.05%	5.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.01%	0.01%	0.01%	0.01%
Common Equity to Total Capital	0.00%	91.74%	93.18%	93.95%	94.96%
Debt to EBITDA	0.00	-2.20	3.06	1.74	1.74
Net Debt to EBITDA	0.00	49.21	-142.25	-65.66	-71.10
Long-Term Debt to EBITDA	0.00	-2.20	3.06	1.74	1.74
Debt to NOPAT	0.00	-2.80	2.55	1.72	1.60
Net Debt to NOPAT	0.00	62.65	-118.51	-64.84	-65.43
Long-Term Debt to NOPAT	0.00	-2.80	2.55	1.72	1.60
Altman Z-Score	0.00	0.55	0.00	0.81	0.86
Noncontrolling Interest Sharing Ratio	0.00%	0.01%	0.01%	0.01%	0.01%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	8.74	17.10	5.94	6.61
Quick Ratio	0.00	7.80	16.53	5.38	5.99
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	459	2,515	776	1,073
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	29.15	117.33	34.33	53.17
Operating Cash Flow to Interest Expense	15.21	12.13	13.21	33.57	41.72
Operating Cash Flow Less CapEx to Interest Expense	15.21	12.13	13.21	33.57	41.72
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.21	0.25	0.32	0.33
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	5.49	4.40	5.43	6.94
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	66.45	82.98	67.25	52.59
Cash Conversion Cycle (CCC)	0.00	-66.45	-82.98	-67.25	-52.59
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	-512	-2,968	-3,658	-4,638
Invested Capital Turnover	0.00	-4.81	-0.90	-0.70	-0.70
Increase / (Decrease) in Invested Capital	0.00	-512	-2,456	-689	-980
Enterprise Value (EV)	0.00	-3,119	0.00	-4,423	-4,306
Market Capitalization	225	225	0.00	1,222	1,801
Book Value per Share	$0.00	$110.95	$36.12	$36.27	$43.73
Tangible Book Value per Share	$0.00	$105.15	$34.52	$34.82	$42.39
Total Capital	0.00	1,814	2,198	2,479	2,972
Total Debt	0.00	150	150	150	150
Total Long-Term Debt	0.00	150	150	150	150
Net Debt	0.00	-3,344	-6,970	-5,645	-6,107
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-138	-187	-185	-177
Debt-free Net Working Capital (DFNWC)	0.00	1,069	3,009	915	995
Net Working Capital (NWC)	0.00	1,069	3,009	915	995
Net Nonoperating Expense (NNE)	-286	-23	-221	-526	-747
Net Nonoperating Obligations (NNO)	0.00	-2,177	-5,016	-5,987	-7,460
Total Depreciation and Amortization (D&A)	14	15	12	16	16
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-11.20%	-11.90%	-7.96%	-6.10%
Debt-free Net Working Capital to Revenue	0.00%	86.71%	191.52%	39.29%	34.24%
Net Working Capital to Revenue	0.00%	86.71%	191.52%	39.29%	34.24%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$2.47	$3.81	$5.75
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	56.69M	64.62M	66.42M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$2.44	$3.67	$5.55
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	56.69M	64.62M	66.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	56.69M	64.62M	66.42M
Normalized Net Operating Profit after Tax (NOPAT)	-36	-37	37	87	64
Normalized NOPAT Margin	-3.50%	-2.96%	2.39%	3.74%	2.21%
Pre Tax Income Margin	25.75%	-2.18%	16.25%	26.68%	28.39%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	-2.14	-5.27	1.71	3.07	3.47
NOPAT to Interest Expense	-2.45	-3.39	2.74	3.85	4.62
EBIT Less CapEx to Interest Expense	-2.14	-5.27	1.71	3.07	3.47
NOPAT Less CapEx to Interest Expense	-2.45	-3.39	2.74	3.85	4.62
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	24.67%	-227.39%	7.69%	34.69%	31.35%
Augmented Payout Ratio	27.62%	-232.46%	8.56%	59.22%	44.74%

This table displays calculated financial ratios and metrics derived from Hamilton Insurance Group's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	104.31%	64.58%	29.42%	15.21%	16.72%	25.99%	30.19%	27.67%
EBITDA Growth	0.00%	0.00%	0.00%	-25.02%	87.79%	16.97%	192.26%	-480.51%	5.55%	445.17%	504.21%
EBIT Growth	0.00%	0.00%	0.00%	-30.82%	93.32%	-21.46%	144.39%	-596.36%	4.90%	1,127.92%	793.11%
NOPAT Growth	0.00%	0.00%	0.00%	-21.26%	82.89%	138.68%	127.38%	-433.68%	11.63%	233.00%	2,095.10%
Net Income Growth	0.00%	0.00%	0.00%	423.25%	385.33%	15.93%	-44.20%	-34.64%	33.64%	189.06%	188.34%
EPS Growth	0.00%	0.00%	0.00%	181.63%	242.86%	80.49%	-70.59%	-44.20%	49.17%	78.38%	377.14%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	1,208.95%	145.10%	-6.51%	700.57%	-77.94%	39.62%	84.10%	3.29%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-80.71%	2,542.03%	-112.52%	51.27%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-23.23%	-21.69%	-1,889.73%	13.95%	-26.80%
Revenue Q/Q Growth	10.81%	10.93%	24.96%	0.00%	-10.73%	-12.77%	11.24%	34.76%	-3.64%	-9.87%	9.09%
EBITDA Q/Q Growth	-1.01%	-68.13%	-226.34%	0.00%	147.91%	-80.15%	-0.36%	-875.91%	168.77%	2.54%	10.43%
EBIT Q/Q Growth	0.51%	-78.39%	-378.19%	0.00%	180.88%	-91.22%	57.22%	-1,380.44%	159.36%	2.76%	14.35%
NOPAT Q/Q Growth	-0.58%	-77.34%	-286.71%	0.00%	130.91%	-70.43%	-78.58%	-2,381.42%	177.25%	-11.78%	41.19%
Net Income Q/Q Growth	-22.10%	27.51%	153.28%	0.00%	-27.75%	-69.54%	21.91%	143.61%	47.73%	-34.12%	21.61%
EPS Q/Q Growth	-28.57%	17.14%	190.24%	0.00%	-13.04%	-38.33%	-52.70%	120.00%	132.47%	-26.26%	26.52%
Operating Cash Flow Q/Q Growth	428.09%	169.11%	-79.34%	0.00%	-1.11%	2.64%	76.92%	-87.71%	525.80%	35.35%	-0.74%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-105.65%	2,087.52%	-80.15%	-13.41%	614.76%	-110.19%	339.84%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-4.01%	107.25%	-1,651.26%	-5.29%	-2.71%	-6.68%	25.41%	-55.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.24%	37.31%	36.73%	24.36%	35.76%	35.03%	34.71%	14.09%	33.24%	37.21%	37.73%
EBITDA Margin	7.12%	2.05%	-2.07%	2.93%	8.12%	1.85%	1.66%	-9.54%	6.81%	7.74%	7.84%
Operating Margin	7.94%	1.58%	-1.72%	3.19%	8.34%	2.93%	0.55%	-9.26%	7.37%	7.30%	8.17%
EBIT Margin	6.36%	1.24%	-2.76%	2.38%	7.47%	0.75%	1.06%	-10.10%	6.22%	7.09%	7.44%
Profit (Net Income) Margin	11.56%	13.29%	26.93%	42.11%	34.08%	11.90%	13.04%	23.58%	36.15%	26.42%	29.46%
Tax Burden Percent	93.34%	95.66%	131.54%	99.79%	98.77%	95.27%	97.02%	98.26%	99.01%	97.86%	113.11%
Interest Burden Percent	194.63%	1,120.65%	-742.02%	1,776.67%	461.74%	1,660.98%	1,264.74%	-237.58%	586.82%	380.67%	350.24%
Effective Tax Rate	6.66%	4.34%	-31.54%	0.21%	1.23%	4.73%	2.98%	1.74%	0.99%	2.14%	-13.11%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	140.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	125.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	-113.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	0.00%	15.10%	22.29%	26.67%	56.63%	28.02%	21.99%	23.65%	27.36%	32.62%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	-0.69%	0.54%	1.87%	0.39%	0.34%	-3.14%	1.95%	2.29%	2.49%
Return on Assets (ROA)	0.00%	0.00%	6.77%	9.59%	8.51%	6.15%	4.20%	7.33%	11.34%	8.52%	9.86%
Return on Common Equity (ROCE)	0.00%	0.00%	15.10%	21.75%	25.78%	55.20%	28.02%	21.55%	22.95%	26.60%	32.61%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	22.84%	29.65%	29.05%	0.00%	21.55%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	26	6.00	-11	21	48	14	3.07	-70	54	48	67
NOPAT Margin	7.41%	1.51%	-2.26%	3.18%	8.24%	2.79%	0.54%	-9.10%	7.30%	7.14%	9.25%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	2.88%	9.58%	14.53%	1.60%	1.30%	4.35%	4.90%	2.22%	2.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-0.51%	-	-	-	0.12%	-2.75%	2.00%	1.70%	2.27%
Cost of Revenue to Revenue	50.22%	48.35%	39.39%	35.28%	36.48%	53.36%	50.78%	51.41%	36.44%	41.75%	43.20%
SG&A Expenses to Revenue	13.78%	15.91%	20.56%	8.33%	11.04%	12.17%	15.59%	8.16%	9.29%	11.13%	10.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.30%	35.73%	38.45%	21.17%	27.42%	32.09%	34.15%	23.36%	25.87%	29.91%	29.56%
Earnings before Interest and Taxes (EBIT)	23	4.91	-14	16	44	3.86	6.06	-78	46	47	54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	25	8.11	-10	19	48	9.48	9.45	-73	50	52	57
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.36	0.42	0.51	0.52	0.56	0.57	0.61	0.64
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.37	0.44	0.53	0.55	0.58	0.59	0.63	0.66
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.47	0.50	0.59	0.52	0.55	0.56	0.59	0.62
Price to Earnings (P/E)	0.00	0.00	0.00	2.17	2.06	2.40	3.05	4.13	3.81	3.71	3.12
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	46.14%	48.49%	41.59%	32.78%	24.20%	26.26%	26.94%	32.03%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.07	0.07	0.06	0.06	0.06	0.06	0.06	0.05	0.05
Long-Term Debt to Equity	0.00	0.00	0.07	0.07	0.06	0.06	0.06	0.06	0.06	0.05	0.05
Financial Leverage	0.00	0.00	-2.45	-2.36	-0.90	-2.46	-2.51	-2.46	-1.77	-2.26	-2.61
Leverage Ratio	0.00	0.00	3.36	3.25	3.29	3.30	3.31	3.34	3.34	3.33	3.37
Compound Leverage Factor	0.00	0.00	-24.97	57.67	15.20	54.77	41.81	-7.93	19.63	12.68	11.81
Debt to Total Capital	0.00%	0.00%	6.82%	6.21%	6.08%	5.94%	6.05%	5.79%	5.39%	5.18%	5.04%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	6.82%	6.21%	6.08%	5.94%	6.05%	5.79%	5.39%	5.18%	5.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.01%	2.27%	3.13%	2.38%	0.01%	1.51%	2.49%	2.81%	0.01%
Common Equity to Total Capital	0.00%	0.00%	93.18%	91.53%	90.79%	91.68%	93.95%	92.69%	92.12%	92.02%	94.96%
Debt to EBITDA	0.00	0.00	3.06	3.50	2.30	2.25	1.74	-22.67	-37.75	3.91	1.74
Net Debt to EBITDA	0.00	0.00	-142.25	-98.91	-68.09	-70.71	-65.66	753.13	1,366.77	-149.87	-71.10
Long-Term Debt to EBITDA	0.00	0.00	3.06	3.50	2.30	2.25	1.74	-22.67	-37.75	3.91	1.74
Debt to NOPAT	0.00	0.00	2.55	3.89	2.51	2.18	1.72	-38.35	96.86	4.32	1.60
Net Debt to NOPAT	0.00	0.00	-118.51	-109.71	-74.36	-68.49	-64.84	1,274.13	-3,506.70	-165.27	-65.43
Long-Term Debt to NOPAT	0.00	0.00	2.55	3.89	2.51	2.18	1.72	-38.35	96.86	4.32	1.60
Altman Z-Score	0.00	0.00	0.00	0.68	0.21	0.20	0.79	0.72	0.79	0.82	0.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.01%	2.42%	3.34%	2.53%	0.01%	2.00%	2.96%	2.76%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	17.10	7.58	0.33	0.29	5.94	6.63	7.55	6.35	6.61
Quick Ratio	0.00	0.00	16.53	6.97	0.30	0.27	5.38	6.09	6.95	5.69	5.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	3,108	-176	3,488	692	600	4,286	-437	1,047
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	544.56	-29.10	651.89	125.31	107.04	906.31	-88.54	212.69
Operating Cash Flow to Interest Expense	12.30	32.48	6.54	27.72	25.94	30.01	51.41	6.23	46.19	59.93	59.58
Operating Cash Flow Less CapEx to Interest Expense	12.30	32.48	6.54	27.72	25.94	30.01	51.41	6.23	46.19	59.93	59.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.25	0.23	0.25	0.52	0.32	0.31	0.31	0.32	0.33
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	4.40	5.13	5.27	0.00	5.43	8.00	8.19	7.33	6.94
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	82.98	71.17	69.27	0.00	67.25	45.64	44.57	49.79	52.59
Cash Conversion Cycle (CCC)	0.00	0.00	-82.98	-71.17	-69.27	0.00	-67.25	-45.64	-44.57	-49.79	-52.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	-2,968	-3,087	224	-3,474	-3,658	-3,757	-4,008	-2,989	-4,638
Invested Capital Turnover	0.00	0.00	-0.53	-1.08	17.01	-1.16	-0.70	-0.71	-1.37	-0.85	-0.70
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	-3,087	224	-3,474	-689	-670	-4,232	484	-980
Enterprise Value (EV)	0.00	225	0.00	-3,387	-3,410	-3,455	-4,423	-3,604	-3,901	-4,024	-4,306
Market Capitalization	225	225	0.00	790	946	1,186	1,222	1,340	1,449	1,627	1,801
Book Value per Share	$0.00	$0.00	$36.12	$38.97	$39.40	$37.72	$36.27	$37.13	$38.18	$40.58	$43.73
Tangible Book Value per Share	$0.00	$0.00	$34.52	$37.34	$37.74	$36.18	$34.82	$35.72	$36.84	$39.22	$42.39
Total Capital	0.00	0.00	2,198	2,414	2,466	2,524	2,479	2,588	2,778	2,893	2,972
Total Debt	0.00	0.00	150	150	150	150	150	150	150	150	150
Total Long-Term Debt	0.00	0.00	150	150	150	150	150	150	150	150	150
Net Debt	0.00	0.00	-6,970	-4,231	-4,433	-4,701	-5,645	-4,983	-5,419	-5,733	-6,107
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	-187	-156	-3,401	-3,603	-185	-138	-142	-168	-177
Debt-free Net Working Capital (DFNWC)	0.00	0.00	3,009	1,025	-2,286	-2,552	915	775	929	897	995
Net Working Capital (NWC)	0.00	0.00	3,009	1,025	-2,286	-2,552	915	775	929	897	995
Net Nonoperating Expense (NNE)	-15	-47	-145	-256	-152	-47	-71	-251	-214	-129	-147
Net Nonoperating Obligations (NNO)	0.00	0.00	-5,016	-5,352	-2,092	-5,848	-5,987	-6,195	-6,636	-5,733	-7,460
Total Depreciation and Amortization (D&A)	2.71	3.20	3.42	3.63	3.83	5.63	3.39	4.33	4.33	4.34	2.93
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	-11.90%	-9.30%	-178.60%	-178.31%	-7.96%	-5.64%	-5.47%	-6.11%	-6.10%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	191.52%	61.24%	-120.05%	-126.29%	39.29%	31.78%	35.85%	32.66%	34.24%
Net Working Capital to Revenue	0.00%	0.00%	191.52%	61.24%	-120.05%	-126.29%	39.29%	31.78%	35.85%	32.66%	34.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.20	$1.42	$1.24	$0.77	$0.38	$0.79	$1.85	$1.37	$1.74
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	56.69M	56.81M	61.34M	64.20M	64.62M	67.02M	65.61M	64.54M	66.42M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.19	$1.38	$1.20	$0.74	$0.35	$0.77	$1.79	$1.32	$1.67
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	56.69M	56.81M	61.34M	64.20M	64.62M	67.02M	65.61M	64.54M	66.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	56.69M	56.81M	61.34M	64.20M	64.62M	67.02M	65.61M	64.54M	66.42M
Normalized Net Operating Profit after Tax (NOPAT)	26	6.00	-5.96	21	48	14	3.07	-70	54	48	42
Normalized NOPAT Margin	7.41%	1.51%	-1.20%	3.18%	8.24%	2.79%	0.54%	-9.10%	7.30%	7.14%	5.72%
Pre Tax Income Margin	12.38%	13.89%	20.47%	42.20%	34.51%	12.49%	13.44%	24.00%	36.51%	27.00%	26.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.38	0.93	-2.52	2.74	7.29	0.72	1.10	-13.86	9.75	9.60	11.00
NOPAT to Interest Expense	5.10	1.13	-2.06	3.67	8.03	2.68	0.56	-12.49	11.43	9.67	13.67
EBIT Less CapEx to Interest Expense	4.38	0.93	-2.52	2.74	7.29	0.72	1.10	-13.86	9.75	9.60	11.00
NOPAT Less CapEx to Interest Expense	5.10	1.13	-2.06	3.67	8.03	2.68	0.56	-12.49	11.43	9.67	13.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	7.69%	16.96%	19.26%	17.68%	34.69%	40.33%	36.27%	34.34%	31.35%
Augmented Payout Ratio	0.00%	0.00%	8.56%	17.76%	36.38%	36.06%	59.22%	72.05%	51.48%	51.39%	44.74%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, four-year trend snapshot for Hamilton Insurance Group (NYSE: HG) based on the quarterly income statements, balance sheets, and cash flow statements provided. The focus is on notable changes in revenue, profitability, cash flow, and the balance sheet from 2021 through 2025, with emphasis on the most recent quarterly data (Q4 2025).

Q4 2025 revenue rose to $728.3 million from $570.5 million in Q4 2024, a gain of about 27.7% year over year, signaling stronger top-line growth.
Q4 2025 gross profit climbed to $274.8 million, up from $198.0 million in Q4 2024, lifting gross margin from roughly 34.7% to about 37.7%.
Q4 2025 net income attributable to common shareholders jumped to $172.2 million from $33.9 million in Q4 2024, a substantial year-over-year improvement.
Q4 2025 basic earnings per share (EPS) reached $1.74 (diluted $1.67), versus about $0.38 in Q4 2024, indicating meaningful earnings per share expansion.
Q4 2025 net cash from operating activities was about $293.4 million, slightly higher than the $284.1 million in Q4 2024, reinforcing solid operating cash generation.
Total assets grew to roughly $9.21 billion by Q3 2025 from about $7.83 billion in Q3 2024, reflecting balance-sheet expansion (largely driven by asset growth in noncurrent assets and investments).
Net cash from investing activities improved in Q4 2025 (approximately −$42.7 million) versus Q4 2024 (approximately −$88.9 million), indicating less cash outflow for investing activities and improved liquidity spillover.
Long-term debt remained modest and fairly stable around $150 million across recent quarters, suggesting limited new debt burden despite asset growth.

Net cash from financing activities remained an outflow in Q4 2025 (about −$143.6 million), indicating ongoing external financing needs despite strong operating cash flow.
Tax expense in Q4 2025 showed a tax benefit (negative tax expense of about $24.9 million), which can reflect one-time or non-operating tax effects that may not recur each quarter and could introduce volatility to reported profits.

05/06/26 08:52 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Hamilton Insurance Group's Financials

When does Hamilton Insurance Group's financial year end?

According to the most recent income statement we have on file, Hamilton Insurance Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Hamilton Insurance Group's net income changed over the last 4 years?

Hamilton Insurance Group's net income appears to be on an upward trend, with a most recent value of $840.03 million in 2025, rising from $249.84 million in 2021. The previous period was $613.16 million in 2024. View Hamilton Insurance Group's forecast to see where analysts expect Hamilton Insurance Group to go next.

What is Hamilton Insurance Group's operating income?

Hamilton Insurance Group's total operating income in 2025 was $91.66 million, based on the following breakdown:

Total Gross Profit: $877.86 million
Total Operating Expenses: $786.20 million

How has Hamilton Insurance Group's revenue changed over the last 4 years?

Over the last 4 years, Hamilton Insurance Group's total revenue changed from $1.02 billion in 2021 to $2.91 billion in 2025, a change of 185.4%.

How much debt does Hamilton Insurance Group have?

Hamilton Insurance Group's total liabilities were at $6.75 billion at the end of 2025, a 23.5% increase from 2024, and a 62.5% increase since 2022.

How much cash does Hamilton Insurance Group have?

In the past 3 years, Hamilton Insurance Group's cash and equivalents has ranged from $794.51 million in 2023 to $1.08 billion in 2022, and is currently $1.06 billion as of their latest financial filing in 2025.

How has Hamilton Insurance Group's book value per share changed over the last 4 years?

Over the last 4 years, Hamilton Insurance Group's book value per share changed from 0.00 in 2021 to 43.73 in 2025, a change of 4,372.8%.

Related Companies

Financial statements for NYSE:HG last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Hamilton Insurance Group (HG) Financials

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Hamilton Insurance Group (HG) Financials

Annual Income Statements for Hamilton Insurance Group

Quarterly Income Statements for Hamilton Insurance Group

Annual Cash Flow Statements for Hamilton Insurance Group

Quarterly Cash Flow Statements for Hamilton Insurance Group

Annual Balance Sheets for Hamilton Insurance Group

Quarterly Balance Sheets for Hamilton Insurance Group

Annual Metrics And Ratios for Hamilton Insurance Group

Quarterly Metrics And Ratios for Hamilton Insurance Group

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Hamilton Insurance Group's Financials

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