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Hamilton Insurance Group, Ltd. Class B (HG)
NYSE:HG
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.18Last Year’s EPS
0.47Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong positive financial momentum: record earnings, double-digit top-line growth, improved combined ratios, strong investment returns, a robust balance sheet, and active capital returns (special dividend and buybacks). These positives were tempered by higher attritional losses and elevated large-loss activity in the quarter, mix shifts toward casualty with higher attritional rates, targeted pullbacks from large property accounts amid competitive pricing, and a definitional change raising reported attritional ratios in 2026. Overall, management emphasized disciplined underwriting, capital strength, and measured future growth.Company Guidance
Record Net Income and Strong Profitability
Record 2025 net income of $577,000,000, up 44% versus $400,000,000 in 2024; full-year return on average equity of 22% (vs. 18% prior year). Fourth-quarter net income of $172,000,000 ($1.69 diluted), producing an annualized ROAE of 25%.
Material Top-Line Growth
Gross premiums written (GPW) grew 21% for full-year 2025 to $2.9 billion and increased 23% in the fourth quarter; segment growth included Bermuda +26% FY to $1.4 billion and International +16% FY to $1.5 billion.
Improved Underwriting Metrics and Combined Ratio
Full-year combined ratio improved to 92.9%. Fourth-quarter underwriting income of $76,000,000 (vs. $22,000,000 prior year quarter) and Q4 combined ratio of 87% (vs. 95.4% in Q4 2024). Loss ratio improved in Q4 to 54.6%, down 5.5 points vs prior period driven by meaningfully lower net catastrophe losses (9.0 points better than 2024).
Balance Sheet and Book Value Appreciation
Shareholders' equity of $2.8 billion (up 21% YoY). Book value per share $28.50, up 24% YoY; management also reported tangible book value per share growth of ~25% since IPO and ~25% year-over-year in 2025 commentary.
Strong Investment Performance
Q4 net investment income $98,000,000 (vs. $36,000,000 in 2024). Two Sigma Hamilton Fund produced $56,000,000 in Q4 (2.6%) and a 16% net return ($310,000,000) for full-year 2025; fixed income returned 1.2% ($38,000,000) in the quarter with new-money yield of 4.2%.
Capital Return and Active Capital Management
Board declared a $2.00 per-share special dividend (~$206,000,000). Share repurchases of $93,000,000 in 2025 at an average $22.13 per share and $178,000,000 of repurchase authorization remaining, demonstrating ability to return capital while pursuing growth.
Bermuda Tax Credit and Favorable Tax Items
Recorded a Bermuda substance-based tax credit of $20,700,000 in 2025 (offsets: $17.3M in Bermuda other underwriting expenses and $3.4M in corporate). Also recorded a $28,000,000 tax benefit from release of valuation allowances. Expect ~ $27M Bermuda credit in 2026 (75% phase-in).
Disciplined Cycle Management and Platform Diversification
Management emphasized disciplined underwriting/cycle management: selectively growing where pricing/terms are attractive (e.g., casualty reinsurance, specialty, E&S casualty) and reducing participation in large property accounts with weak returns, enabling sustainable profitability and targeted signings during a competitive renewals season.
Hamilton Insurance Group, Ltd. Class B (HG) Earnings, Revenues Date & History
HG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $29.31 | $30.42 | +3.79% |
Nov 04, 2025 | $23.59 | $25.99 | +10.17% |
Jun 30, 2025 | $21.62 | $21.72 | +0.46% |
May 07, 2025 | $19.21 | $20.28 | +5.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hamilton Insurance Group, Ltd. Class B (HG) report earnings?
Hamilton Insurance Group, Ltd. Class B (HG) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Hamilton Insurance Group, Ltd. Class B (HG) earnings time?
Hamilton Insurance Group, Ltd. Class B (HG) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HG EPS forecast?
HG EPS forecast for the fiscal quarter 2026 (Q1) is 1.18.