Hamilton Insurance Group, Ltd. Class B (HG)
NYSE:HG
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.12Last Year’s EPS
1.55Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call delivered a broadly positive message: Hamilton reported a strong underwriting turnaround, double-digit premium growth, materially improved combined and loss ratios, healthy segment growth (International +20%, Select +17%), solid operating returns, active capital returns (special dividend and buybacks), and strategic capital deployment via a casualty sidecar. Offsetting risks include a sizeable decline in total investment income versus last year, moderation in Two Sigma returns (though still positive), higher attritional loss ratios consistent with annual guidance, a $14M prior-year reserve increase (Baltimore Bridge), and ongoing market pricing pressure—particularly in property and some midyear renewals. Management stressed discipline and selectivity, positioning the firm to favor sustainable profitability over aggressive growth.Company Guidance
Strong Earnings and Returns
Net income of $134 million in Q1 2026 (or $1.31 per diluted share) producing an annualized return on average equity of 19%. Operating income was $167 million ($1.64 per diluted share) with an annualized operating return on average equity of 24%, materially ahead of Q1 2025 (net income $81M; operating income $49M).
Underwriting Turnaround and Improved Combined Ratio
Underwriting income of $58 million in Q1 2026 vs an underwriting loss of $58 million in Q1 2025. Group combined ratio improved to 89.8% from 111.6% a year ago (improvement of ~21.8 percentage points).
Top-Line Growth with Disciplined Approach
Gross premiums written increased 11% to $940 million (Q1 2026 vs $843 million a year ago). International grew 20% (to $443M) and Bermuda grew 5% (to $497M). Hamilton Select (U.S. E&S casualty) grew 17% driven by excess and general casualty and small business.
Loss Ratio Improvement Driven by Absence of Catastrophes
Current year loss ratio improved to 56.9% from 79.2% a year ago (22.3 points), largely driven by no catastrophe losses in Q1 2026 versus significant catastrophe impact (California wildfires) in Q1 2025.
Capital Management Actions
Declared and paid a $200 million special dividend in March and repurchased $20 million of shares in Q1 2026 with $159 million remaining under the buyback authorization, demonstrating active capital returns and flexibility.
Balance Sheet and Book Value Strength
Total assets of $9.9 billion (up 3% from $9.6B at YE 2025); total investments and cash $5.9 billion; shareholders' equity $2.7 billion; book value per share $27.42 (up 3% after a $2/share special dividend).
Two Sigma Partnership and Investment Yield Progress
Two Sigma Hamilton Fund produced a $93 million net return in Q1 (4.3% net). New money yield on fixed income purchases was 4.3%, and portfolio yield to maturity rose to 4.5% from 4.1% at year-end 2025 (portfolio duration 3.7 years).
Strategic Capital and Product Initiatives — Casualty Sidecar
Launched a casualty reinsurance sidecar to support targeted casualty reinsurance growth and generate fee income; ceded premium to sidecar expected to total about $300 million over the multiyear structure (Bermuda retention fell to ~74% from 79% due to cessions).
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 |
|---|---|---|---|
Apr 30, 2026 | $32.77 | $31.58 | -3.63% |
Feb 19, 2026 | $27.39 | $28.43 | +3.79% |
Nov 04, 2025 | $22.05 | $24.29 | +10.17% |
Jun 30, 2025 | $20.20 | $20.30 | +0.46% |
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 Aug 12, 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 Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is HG EPS forecast?
HG EPS forecast for the fiscal quarter 2026 (Q2) is 1.12.