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

• Market Cap: $2.38B
• Dividend Yield: N/A
• Average Volume (3M): 349.45K
• Price to Earnings (P/E): 6.3
• Beta (1Y): 0.25
• Revenue Growth: 28.86%
• EPS Growth: -11.22%
• Country: US
• Employees: 600
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Reinsurance
• EPS (TTM): 1.55
• Shares Outstanding: 65,606,760
• 10 Day Avg. Volume: 292,504
• 30 Day Avg. Volume: 349,449
• 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: 1.00
• Enterprise Value/Revenue: 1.11
• Enterprise Value/Gross Profit: 0.89
• Enterprise Value/Ebitda: 3.76
• 1Y Price Target: $27.33
• Price Target Upside: 14.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 81 Outperform
• Price Target: $28.00 ▲(17.15% Upside)

Hamilton Insurance Group's strong financial performance and attractive valuation are the primary drivers of its high score. The company's robust earnings call results further bolster its position, despite some technical indicators suggesting short-term caution. The absence of significant corporate events does not detract from the overall positive outlook.

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 insurance and reinsurance company that operates primarily in the property and casualty insurance market. The company focuses on providing innovative risk management solutions and offers a range of products including commercial property, liability, and specialty insurance. With a commitment to leveraging technology and data analytics, Hamilton Insurance Group aims to enhance underwriting capabilities and improve customer experience across its various sectors.

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 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: Negative
• Last Price: 23.90
• 50DMA: Negative
• 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 Negative. The current price of 23.9 is below the 20-day moving average (MA) of 24.35, below the 50-day MA of 24.20, and above the 200-day MA of 21.27, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 45.61 is Neutral, neither overbought nor oversold. The STOCH value of 63.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	―	$10.90B	5.91	18.75%	0.69%	23.19%	-22.42%
HG	―	$2.38B	6.33	15.86%	―	28.86%	-11.22%
HCI	―	$2.61B	17.88	23.90%	0.80%	9.62%	-18.69%
Sector *	―	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
RGA	―	$12.35B	16.26	7.07%	1.93%	1.53%	-10.27%
SPNT	―	$2.11B	20.14	4.82%	―	-4.56%	-55.48%
GLRE	―	$412.43M	11.01	5.82%	―	2.18%	-41.11%

Hamilton Insurance Group, Ltd. Class B Corporate Events

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.

The most recent analyst rating on (HG) stock is a Buy with a $31.00 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 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.

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.