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

• Market Cap: $2.20B
• Dividend Yield: N/A
• Average Volume (3M): 524.85K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 0.18
• Revenue Growth: 35.36%
• EPS Growth: -3.34%
• Country: US
• Employees: 600
• Sector: Financial
• Sector Strength: 82
• Industry: Insurance - Reinsurance
• EPS (TTM): 0.47
• Shares Outstanding: 67,015,690
• 10 Day Avg. Volume: 589,940
• 30 Day Avg. Volume: 524,852
• PEG Ratio: 0.21
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.64
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $22.80
• Price Target Upside: 6.59% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 79 Outperform
• Price Target: $24.00 ▲(12.20%Upside)

Hamilton Insurance Group shows strong financial performance and attractive valuation, supporting a positive outlook. While technical indicators are stable, the impact of catastrophe losses is a concern. Strategic initiatives, such as new credit agreements and share repurchases, enhance financial flexibility and market position.

Positive Factors

Book Value Growth

Hamilton continues to grow book value through accretive share repurchases and superior investment returns.

Investment Performance

Net investment gains of $249 million were well above consensus of $59 million, due to strong performance.

Top-line Growth

HG traded up on strong operating earnings beat even though headline number missed on unrealized losses in its fixed income portfolio.

Negative Factors

Lawsuit Risks

Lawsuit and social inflation remain risk factors affecting more than 50% of the coverage universe.

Pricing Power Pressures

The competitive pricing-power environment within the large-account 'shared & layered/syndicated' marketplace is showing signs of soft pricing power pressures.

Valuation Concerns

There is no confidence in valuation multiple expansion due to continued soft pricing-power pressures.

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

Company Description

Hamilton Insurance Group, Ltd., through its subsidiaries, engages in underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property treaty reinsurance; and specialty reinsurance solutions, including accident and health, aviation, crisis management, financial lines, marine and energy, multiline specialty, and satellite reinsurance. It also provides accident and health, cyber, excess energy, environmental, financial lines, fine art and specie, kidnap and ransom, M&A, marine and energy liability, political risk, professional liability, property binders, property D&F, space, upstream energy, general and excess casualty, war and terrorism, allied medical, management liability, medical professionals, products liability and contractors, and small business casualty insurance plans. The company was incorporated in 2013 and is based in Pembroke, Bermuda with additional locations in Dublin, Ireland; London, United Kingdom; Miami, Florida; New York, New York; and Glen Allen, Virginia.

How the Company Makes Money

Hamilton Insurance Group makes money primarily through underwriting insurance and reinsurance policies. The company generates revenue by collecting premiums from policyholders in exchange for providing coverage against various risks. Additionally, Hamilton invests the premiums it collects into diversified financial instruments, generating investment income that contributes to its overall earnings. The company's revenue streams are further supported by strategic partnerships and collaborations within the insurance sector, enabling it to expand its market reach and enhance its product offerings. Key factors contributing to its earnings include effective risk management practices, competitive pricing strategies, and a focus on innovation and technology to improve operational efficiencies.

Hamilton Insurance Group, Ltd. Class B Financial Statement Overview

Summary

Hamilton Insurance Group exhibits strong financial performance with significant revenue growth and improved profitability. The balance sheet is robust with no debt, and cash flow generation remains strong. Continued focus on financial management is vital to sustain growth.

Income Statement

Hamilton Insurance Group has demonstrated strong revenue growth with a significant increase from $1.23 billion in 2022 to $2.33 billion in 2024. The gross profit margin remains high, indicating efficient cost management. Net income has improved notably, transitioning from losses in 2022 to a solid profit in 2024, showcasing improved operational efficiency. However, attention should be paid to maintaining this growth trajectory amidst industry competition.

Balance Sheet

The company shows a strong equity base with a consistent increase in stockholders' equity, implying financial stability. The absence of total debt in 2024 highlights a solid financial position and reduced financial risk. The equity ratio has improved, reflecting a stronger balance sheet. However, maintaining asset quality and managing liabilities effectively will be crucial for continued stability.

Cash Flow

Hamilton Insurance Group has shown a robust increase in operating cash flow, indicating enhanced cash-generating ability. Free cash flow has also seen growth, supporting financial flexibility. The operating cash flow to net income ratio is strong, suggesting efficient cash conversion. Continued focus on cash flow management will be vital to support growth and investment opportunities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.00B	2.33B	1.57B	1.23B	768.17M
Gross Profit	1.43B	91.00M	1.56B	1.23B	768.17M
EBITDA	992.97M	644.18M	289.06M	3.90M	-110.93M
Net Income	424.52M	400.43M	258.73M	-98.00M	-430.64M
Balance Sheet
Total Assets	8.34B	7.80B	6.67B	5.82B	5.61B
Cash, Cash Equivalents and Short-Term Investments	913.06M	1.10B	1.22B	1.08B	797.79M
Total Debt	0.00	149.94M	149.83M	149.72M	149.88M
Total Liabilities	5.90B	5.47B	4.62B	4.15B	3.82B
Stockholders Equity	2.40B	2.33B	2.05B	1.66B	1.79B
Cash Flow
Free Cash Flow	636.00M	759.30M	283.15M	190.93M	-560.42M
Operating Cash Flow	636.00M	759.30M	283.15M	190.93M	-406.96M
Investing Cash Flow	-528.87M	-184.16M	-652.09M	133.10M	517.06M
Financing Cash Flow	-372.56M	-362.69M	59.02M	-69.62M	-276.00K

Hamilton Insurance Group, Ltd. Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 21.39
• 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 21.39 is above the 20-day moving average (MA) of 21.25, above the 50-day MA of 20.54, and above the 200-day MA of 19.36, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 49.66 is Neutral, neither overbought nor oversold. The STOCH value of 62.40 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
HG	79 Outperform	$2.20B	6.71	14.07%	―	35.36%	-3.34%
RGA	76 Outperform	$13.07B	16.71	7.60%	1.81%	1.47%	-7.47%
GLRE	73 Outperform	$494.83M	10.88	7.04%	―	5.21%	-57.04%
RNR	73 Outperform	$11.72B	7.67	16.30%	0.68%	32.10%	-30.52%
SPNT	71 Outperform	$2.31B	19.91	7.20%	―	-5.57%	-44.54%
FIHL	66 Neutral	$1.77B	17.57	-0.42%	2.46%	23.28%	-103.35%
Sector *	61 Neutral	C$14.67B	6.14	20.17%	5.70%	26.93%	-38.21%

Hamilton Insurance Group, Ltd. Class B Corporate Events

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.

The most recent analyst rating on (HG) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Hamilton Insurance Group, Ltd. Class B stock, see the HG Stock Forecast page.

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.

The most recent analyst rating on (HG) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Hamilton Insurance Group, Ltd. Class B stock, see the HG Stock Forecast page.

Hamilton Insurance Group Confirms Director Elections

On March 17, 2025, Hamilton Insurance Group, Ltd. Class B held its annual meeting where shareholders voted on several proposals. The election of eleven Class B directors was confirmed, with notable figures such as Giuseppina Albo and John J. Gauthier receiving significant support. Additionally, the fiscal 2024 compensation for executive officers was approved on an advisory basis, and Ernst & Young Ltd. was appointed as the independent registered public accounting firm for 2025.

The most recent analyst rating on (HG) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Hamilton Insurance Group, Ltd. Class B stock, see the HG Stock Forecast page.