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

• Market Cap: $2.65B
• Dividend Yield: N/A
• Average Volume (3M): 459.94K
• Price to Earnings (P/E): 6.2
• Beta (1Y): 0.18
• Revenue Growth: 22.79%
• EPS Growth: -5.17%
• Country: US
• Employees: 600
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Reinsurance
• EPS (TTM): 1.20
• Shares Outstanding: 64,537,770
• 10 Day Avg. Volume: 320,109
• 30 Day Avg. Volume: 459,944
• PEG Ratio: 0.10
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 0.89
• P/FCF Ratio: 2.73
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 0.95
• Enterprise Value/Gross Profit: 2.56
• Enterprise Value/Ebitda: 3.56
• 1Y Price Target: $28.40
• Price Target Upside: 5.07% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 4.24
• Revenue Forecast (FY): $2.87B

• Rating: 82 Outperform
• Price Target: $31.00 ▲(14.69% Upside)

Hamilton Insurance Group's overall score is driven by its strong financial performance and undervalued stock price, supported by positive earnings call insights. The technical analysis indicates a positive trend, though not as strong as the financial and valuation aspects. Challenges such as increased competition and higher expenses are noted but do not significantly detract from the overall positive outlook.

Positive Factors

Revenue Growth

Strong revenue growth through increased gross premiums indicates effective market penetration and product demand, supporting long-term business expansion.

Cash Flow Generation

Robust cash flow growth enhances financial flexibility, enabling strategic investments and operational resilience, crucial for sustained business success.

Strategic Leadership Appointments

Strengthening leadership with strategic appointments can drive innovation and operational efficiency, positioning the company for long-term competitive advantage.

Negative Factors

Increased Competition

Rising competition in the property market could pressure pricing power and margins, potentially impacting long-term profitability and market share.

Higher Expense Ratio

An increasing expense ratio may indicate rising operational costs, which could erode profitability and necessitate cost management strategies.

Large Loss Impact

Significant losses from events like the refinery fire can strain financial resources and highlight exposure to catastrophic risks, affecting long-term stability.

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 generates revenue primarily through the underwriting of insurance policies and the collection of premiums from policyholders. The company earns income by assessing risk and pricing policies accordingly, allowing them to build a portfolio of insurance products that caters to diverse market needs. Key revenue streams include premiums from commercial property, liability, and specialty insurance lines. Additionally, the company may earn investment income from the premiums collected before claims are paid out, as well as potential returns on investments of its reserves. Strategic partnerships with brokers and other financial institutions enhance distribution channels, contributing to the company's overall earnings by increasing market access and customer reach.

Hamilton Insurance Group, Ltd. Class B Financial Statement Overview

Summary

Hamilton Insurance Group demonstrates solid financial health with strong revenue growth, efficient cost management, and robust cash flow generation. The low leverage and high return on equity further enhance its financial stability. However, slight declines in EBIT and EBITDA margins and increased debt levels should be monitored.

Income Statement

Hamilton Insurance Group shows strong revenue growth with a 27.56% increase in TTM, alongside a solid gross profit margin of 51.8%. The net profit margin is healthy at 15.99%, indicating efficient cost management. However, the EBIT and EBITDA margins have slightly decreased compared to the previous year, suggesting potential cost pressures or increased competition.

Balance Sheet

The company maintains a low debt-to-equity ratio, reflecting prudent financial management and low leverage risk. Return on equity is robust at 17.63%, showcasing effective use of equity to generate profits. The equity ratio indicates a stable financial structure, though the slight increase in total debt warrants monitoring.

Cash Flow

Hamilton Insurance Group's cash flow performance is strong, with a 19.35% growth in free cash flow. The operating cash flow to net income ratio is favorable, indicating good cash generation relative to profits. The free cash flow to net income ratio of 1.0 suggests efficient conversion of profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.80B	2.38B	1.62B	1.29B	1.34B
Gross Profit	1.04B	930.82M	547.29M	203.51M	416.49M
EBITDA	749.09M	660.64M	289.06M	3.90M	291.00M
Net Income	438.41M	400.43M	258.73M	-98.00M	188.18M
Balance Sheet
Total Assets	9.21B	7.80B	6.67B	5.82B	5.61B
Cash, Cash Equivalents and Short-Term Investments	1.42B	1.49B	1.22B	1.08B	1.44B
Total Debt	149.72M	149.94M	149.83M	149.72M	149.88M
Total Liabilities	6.47B	5.47B	4.62B	4.15B	3.82B
Stockholders Equity	2.66B	2.33B	2.05B	1.66B	1.79B
Cash Flow
Free Cash Flow	833.01M	759.30M	283.15M	190.93M	226.53M
Operating Cash Flow	833.01M	759.30M	283.15M	190.93M	226.53M
Investing Cash Flow	-460.26M	-184.16M	-652.09M	133.10M	137.82M
Financing Cash Flow	-359.97M	-362.69M	59.02M	-69.62M	-68.00M

Hamilton Insurance Group, Ltd. Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.03
• 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 27.03 is above the 20-day moving average (MA) of 26.64, above the 50-day MA of 25.36, and above the 200-day MA of 22.35, indicating a bullish trend. The MACD of 0.43 indicates Positive momentum. The RSI at 59.85 is Neutral, neither overbought nor oversold. The STOCH value of 51.75 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	82 Outperform	$2.65B	6.16	17.62%	―	22.79%	-5.17%
RNR	78 Outperform	$12.15B	7.32	14.98%	0.60%	-3.96%	-48.08%
SPNT	76 Outperform	$2.49B	13.81	8.09%	―	7.87%	-4.68%
RGA	74 Outperform	$12.68B	14.92	7.19%	1.84%	2.10%	19.23%
HCI	73 Outperform	$2.25B	11.08	31.94%	0.91%	8.71%	17.26%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GLRE	63 Neutral	$466.14M	―	-0.28%	―	5.83%	-101.38%

Hamilton Insurance Group, Ltd. Class B Corporate Events

Hamilton Insurance Boosts Share Buyback by $150 Million

On November 4, 2025, Hamilton Insurance Group, Ltd. announced that its Board of Directors approved a $150 million increase to its existing share repurchase authorization. This move allows Hamilton to buy back shares through open market transactions or privately negotiated purchases, which could positively impact its market positioning and shareholder value.

Hamilton Re Amends UBS Reimbursement Agreement

Hamilton Insurance Group, Ltd., through its subsidiary Hamilton Re, Ltd., is involved in the insurance and reinsurance industry, providing financial solutions and support to meet regulatory requirements. On October 20, 2025, Hamilton Re entered into an Amendment and Restatement Agreement with several banks to update its Letter of Credit Facility Agreement, ensuring a $260 million letter of credit to support Lloyd’s Syndicate 4000, expiring in 2029. Additionally, on October 22, 2025, Hamilton Re amended its Reimbursement Agreement with UBS, renewing a letter of credit facility up to $75 million, effective until October 23, 2026, maintaining existing terms.