Hamilton Insurance Group, Ltd. Class B (HG) AI Stock Analysis

• Market Cap: $2.42B
• Dividend Yield: N/A
• Average Volume (3M): 504.75K
• Price to Earnings (P/E): 6.4
• Beta (1Y): 0.23
• Revenue Growth: 28.86%
• EPS Growth: -11.22%
• Country: US
• Employees: 600
• Sector: Financial
• Sector Strength: 73
• Industry: Insurance - Reinsurance
• EPS (TTM): 1.55
• Shares Outstanding: 65,606,760
• 10 Day Avg. Volume: 437,835
• 30 Day Avg. Volume: 504,754
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 1.11
• Enterprise Value/Gross Profit: 0.89
• Enterprise Value/Ebitda: 3.76
• 1Y Price Target: $25.75
• Price Target Upside: 6.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 82 Outperform
• Price Target: $28.00 ▲(15.27% Upside)

Hamilton Insurance Group's strong financial performance, attractive valuation, and positive earnings call sentiment are the primary drivers of its high stock score. The bullish technical indicators further support the positive outlook, although caution is advised due to potential overbought conditions. The company's strategic initiatives and leadership changes reinforce its robust position in the industry.

Positive Factors

Revenue Growth

The significant growth in gross premiums indicates strong demand for Hamilton's insurance products, supporting long-term revenue expansion and market position.

Leadership Transition

Effective leadership transitions ensure strategic continuity and leverage internal talent, which is crucial for sustaining growth and operational efficiency.

Investment Income

Strong investment income enhances financial stability and provides additional capital for growth initiatives, reinforcing Hamilton's financial health.

Negative Factors

Reserve Strengthening

Increased reserves indicate potential underwriting challenges, which could impact profitability if adverse trends continue in the insurance portfolio.

Acquisition Expense Ratio

Higher acquisition expenses can pressure margins, potentially reducing profitability if not managed effectively over time.

Loss Ratio Increase

An increasing loss ratio may signal rising claims costs, which could erode underwriting profitability if the trend persists.

Hamilton Insurance Group, Ltd. Class B Business Overview & Revenue Model

Company Description

Hamilton Insurance Group, Ltd. Class B (HG) is a global specialty insurance and reinsurance provider headquartered in Bermuda. The company operates in various sectors, including property and casualty, specialty insurance, and reinsurance markets. Hamilton Insurance Group offers a range of products and services designed to meet the diverse needs of its clients, focusing on risk management solutions and leveraging data analytics to enhance underwriting capabilities.

How the Company Makes Money

Hamilton Insurance Group makes money primarily through the collection of premiums from its insurance and reinsurance products. The company earns revenue by underwriting policies for property and casualty insurance, as well as offering specialty insurance products tailored to specific industries or risks. Additionally, Hamilton generates income by investing the premiums it collects in a diversified investment portfolio. Key revenue streams include direct insurance premiums, reinsurance premiums, and returns on investment. Hamilton may also engage in significant partnerships with other insurance entities to expand its market reach and product offerings, contributing to its overall earnings.

Hamilton Insurance Group, Ltd. Class B Financial Statement Overview

Summary

Hamilton Insurance Group demonstrates strong financial health with consistent revenue growth and profitability. The company maintains a solid balance sheet with low leverage and effective equity utilization. While cash flow management is generally strong, past fluctuations indicate potential risks.

Income Statement

Hamilton Insurance Group has shown strong revenue growth with an 8.22% increase in the TTM period. The company maintains impressive gross and net profit margins, indicating efficient cost management and profitability. The EBIT and EBITDA margins are robust, reflecting solid operational performance. However, the company experienced a period of negative net income in 2022, which slightly tempers the overall positive trajectory.

Balance Sheet

The company has a low debt-to-equity ratio, suggesting conservative leverage and financial stability. Return on equity is strong, indicating effective use of shareholder funds to generate profits. The equity ratio is healthy, showing a solid capital structure. However, past periods of negative ROE highlight potential risks in sustaining profitability.

Cash Flow

Hamilton Insurance Group exhibits strong free cash flow growth, particularly in the TTM period, indicating effective cash management. The operating cash flow to net income ratio is positive, suggesting good cash conversion. However, historical volatility in cash flow, including negative operating cash flow in 2021, presents a risk factor.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.14B	2.33B	1.57B	1.23B	768.17M
Gross Profit	2.69B	2.31B	1.56B	1.23B	768.17M
EBITDA	634.57M	660.64M	289.06M	3.90M	-110.93M
Net Income	380.46M	400.43M	258.73M	-98.00M	-430.64M
Balance Sheet
Total Assets	8.91B	7.80B	6.67B	5.82B	5.61B
Cash, Cash Equivalents and Short-Term Investments	1.07B	1.49B	1.22B	1.08B	1.44B
Total Debt	149.69M	149.94M	149.83M	149.72M	149.88M
Total Liabilities	6.29B	5.47B	4.62B	4.15B	3.82B
Stockholders Equity	2.56B	2.33B	2.05B	1.66B	1.79B
Cash Flow
Free Cash Flow	697.98M	759.30M	283.15M	190.93M	-560.42M
Operating Cash Flow	697.98M	759.30M	283.15M	190.93M	-406.96M
Investing Cash Flow	-454.89M	-184.16M	-652.09M	133.10M	137.82M
Financing Cash Flow	-301.19M	-362.69M	59.02M	-69.62M	-68.00M

Hamilton Insurance Group, Ltd. Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 24.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HG, the sentiment is Positive. The current price of 24.29 is above the 20-day moving average (MA) of 23.87, above the 50-day MA of 22.52, and above the 200-day MA of 20.41, indicating a bullish trend. The MACD of 0.44 indicates Positive momentum. The RSI at 58.86 is Neutral, neither overbought nor oversold. The STOCH value of 54.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HG.

Hamilton Insurance Group, Ltd. Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RNR	84 Outperform	$11.64B	6.31	18.75%	0.64%	23.19%	-22.42%
HG	82 Outperform	$2.42B	6.44	15.86%	―	28.86%	-11.22%
SPNT	70 Neutral	$2.22B	21.20	4.82%	―	-4.56%	-55.48%
Sector *	68 Neutral	$18.02B	11.58	9.93%	3.75%	9.73%	1.23%
FIHL	66 Neutral	$1.84B	17.57	-1.83%	2.28%	20.42%	-110.82%
RGA	66 Neutral	$12.70B	16.72	7.07%	1.87%	1.53%	-10.27%
GLRE	61 Neutral	$426.45M	11.38	5.82%	―	2.18%	-41.11%

Hamilton Insurance Group, Ltd. Class B Corporate Events

Hamilton Insurance Appoints New Chief Risk Officer

On August 6, 2025, Hamilton Insurance Group announced the appointment of Russell J. Buckley as the new Group Chief Risk Officer. Buckley, who brings over 30 years of experience in the insurance industry, will succeed Alex Baker, who is set to become CEO of Hamilton Global Specialty. This leadership change is expected to strengthen Hamilton’s risk and actuarial functions, aligning with the company’s strategic goals and enhancing its industry positioning.

Hamilton Insurance Appoints New Chief Information Officer

On July 17, 2025, Hamilton Insurance Group, Ltd. announced the appointment of Raymond Karrenbauer as the new Chief Information Officer, effective September 15, 2025. Karrenbauer, who brings extensive experience in technology and the insurance industry, will succeed Venkat Krishnamoorthy, who is retiring after significant contributions to the company since 2019. This leadership change is expected to enhance Hamilton’s technological capabilities and continue delivering value to stakeholders.

Hamilton Insurance Announces Leadership Changes Effective September

On June 17, 2025, Hamilton Insurance Group, Ltd. announced significant leadership changes effective September 1, 2025. Megan Graves, CEO of Hamilton Re, will retire by the end of the year, and Adrian Daws will succeed her, with Alex Baker taking over Daws’ previous role as CEO of Hamilton Global Specialty. Tim Duffin will become Group Chief Underwriting Officer starting January 1, 2026. These appointments highlight Hamilton’s strategy to leverage internal talent to maintain its growth and success in the global specialty insurance and reinsurance market.

Hamilton Insurance Secures New Credit Agreements

On June 10, 2025, Hamilton Insurance Group, Ltd. entered into a $450 million Sixth Amended and Restated Credit Agreement and a $150 million Amended and Restated Term Loan Credit Agreement with several financial institutions. These agreements, which replace previous credit and term loan agreements, are intended to provide the company with enhanced financial flexibility for working capital, general corporate purposes, and refinancing existing indebtedness. The new agreements include financial covenants and interest rates tied to the company’s long-term issuer default rating, reflecting a strategic move to strengthen its financial position and support its operational needs.