HG on NYSE
Hamilton Insurance Group, Ltd.
Fire company based in Pembroke, Bermuda, incorporated in Bermuda. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerHG on NYSE2
- IndustryFire, Marine & Casualty Insurance2
- HeadquartersPembroke, Bermuda2
- Incorporated inBermuda3
- Business addressWellesley House North, 1St Floor, 90 Pitts Bay Road, Pembroke, D0 Hm083
- Filer categoryLarge accelerated filer3
- Legal formExempted Companies Limited by Shares2
- LEI549300W92BN1FIEXG8712
- StatusActive2
- LEI statusIssued and current2
- Registered address90 Pitts Bay Road, Wellesley House North, 1st Floor, HM 08 Pembroke, Bermuda2
- Registered withRegistrar of Companies (Ministry of Economic Development), 481172
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin10¢$278.9M
- Other costs60¢$1.8B
- Interest1¢$20.2M
- Income tax1¢$15.1M
- Profit29¢$840.0M
Out of $2.9B in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Share buybacks13¢$112.5M
- Kept or used elsewhere87¢$729.8M
Out of $842.4M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Gross premiums written | $2.9B | $2.4B | $2.0B |
| Reinsurance premiums ceded | -$635.6M | -$501.4M | -$470.6M |
| Net premiums written | $2.3B | $1.9B | $1.5B |
| Net change in unearned premiums | -$177.8M | -$186.4M | -$161.9M |
| Net premiums earned | $2.1B | $1.7B | $1.3B |
| Net realized and unrealized gains (losses) on investments | $687.1M | $511.4M | $209.6M |
| Net investment income (loss) | $88.0M | $63.3M | $30.5M |
| Total net realized and unrealized gains (losses) on investments and net investment income (loss) | $775.1M | $574.7M | $240.1M |
| Other income (loss) | $26.6M | $23.8M | $18.6M |
| Net foreign exchange gains (losses) | -$6.0M | -$3.2M | -$6.2M |
| Total revenues | $2.9B | $2.3B | $1.6B |
| Losses and loss adjustment expenses | $1.3B | $1.0B | $714.6M |
| Acquisition costs | $507.3M | $388.9M | $309.1M |
| General and administrative expenses | $278.9M | $271.1M | $259.9M |
| Amortization of intangible assets | $15.7M | $15.5M | $10.8M |
| Interest expense | $20.2M | $22.6M | $21.4M |
| Total expenses | $2.1B | $1.7B | $1.3B |
| Income (loss) before income tax | $824.9M | $621.6M | $255.2M |
| Income tax expense (benefit) | -$15.1M | $8.4M | -$25.1M |
| Net income (loss) | $840.0M | $613.2M | $280.3M |
| Net income (loss) attributable to non-controlling interest | $263.4M | $212.7M | $21.6M |
| Net income (loss) and other comprehensive income (loss) attributable to common shareholders | $576.7M | $400.4M | $258.7M |
| Basic income (loss) per share attributable to common shareholders | $5.75 | $3.81 | $2.47 |
| Diluted income (loss) per share attributable to common shareholders | $5.55 | $3.67 | $2.44 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Investments, at fair value | $3.4B | $2.9B | ||
| Investments in Two Sigma Funds, at fair value (cost 2025: $1,355,563; 2024: $805,623) | $1.6B | $939.4M | ||
| Total investments | $5.0B | $3.8B | ||
| Cash and cash equivalents | $1.1B | $996.5M | ||
| Restricted cash and cash equivalents | $109.7M | $104.4M | ||
| Premiums receivable | $939.8M | $771.7M | ||
| Paid losses recoverable | $93.7M | $134.4M | ||
| Deferred acquisition costs | $257.2M | $209.0M | ||
| Unpaid losses and loss adjustment expenses recoverable | $1.4B | $1.2B | $1.2B | $1.2B |
| Receivables for investments sold | $58.0M | $74.0M | ||
| Prepaid reinsurance | $296.4M | $218.9M | ||
| Intangible assets | $86.6M | $93.1M | $91.0M | |
| Other assets | $265.4M | $208.6M | ||
| Total assets | $9.6B | $7.8B | ||
| Reserve for losses and loss adjustment expenses | $4.4B | $3.5B | $3.0B | $2.9B |
| Unearned premiums | $1.4B | $1.1B | ||
| Reinsurance balances payable | $296.4M | $261.3M | ||
| Payable for investments purchased | $209.9M | $115.4M | ||
| Term loan, net of issuance costs | $149.7M | $149.9M | ||
| Accounts payable and accrued expenses | $177.3M | $185.4M | ||
| Payables to related parties | $123.4M | $100.4M | ||
| Total liabilities | $6.7B | $5.5B | ||
| Non-controlling interest TS Hamilton Fund | $172.0K | $128.0K | ||
| Common shares: | $990.0K | $1.0M | ||
| Additional paid-in capital | $1.1B | $1.2B | ||
| Accumulated other comprehensive loss | -$4.4M | -$4.4M | ||
| Retained earnings | $1.7B | $1.2B | ||
| Total shareholders' equity | $2.8B | $2.3B | $2.0B | |
| Total liabilities, non-controlling interest, and shareholders equity | $9.6B | $7.8B | ||
| Investments, amortized cost | $3.4B | $2.9B | ||
| Investments in Two Sigma Funds, cost | $1.4B | $805.6M | ||
| Common stock authorized (in shares) | 150.0M shares | 150.0M shares | 150.0M shares | 135.0M shares |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock issued (in shares) | 99.0M shares | 101.5M shares | 110.2M shares | 103.1M shares |
| Common stock outstanding (in shares) | 99.0M shares | 101.5M shares | 110.2M shares | 103.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Investments, at fair value | $3.4B | $2.9B | ||
| Investments in Two Sigma Funds, at fair value (cost 2025: $1,355,563; 2024: $805,623) | $1.6B | $939.4M | ||
| Total investments | $5.0B | $3.8B | ||
| Cash and cash equivalents | $1.1B | $996.5M | ||
| Restricted cash and cash equivalents | $109.7M | $104.4M | ||
| Premiums receivable | $939.8M | $771.7M | ||
| Paid losses recoverable | $93.7M | $134.4M | ||
| Deferred acquisition costs | $257.2M | $209.0M | ||
| Unpaid losses and loss adjustment expenses recoverable | $1.4B | $1.2B | $1.2B | $1.2B |
| Receivables for investments sold | $58.0M | $74.0M | ||
| Prepaid reinsurance | $296.4M | $218.9M | ||
| Intangible assets | $86.6M | $93.1M | $91.0M | |
| Other assets | $265.4M | $208.6M | ||
| Total assets | $9.6B | $7.8B | ||
| Reserve for losses and loss adjustment expenses | $4.4B | $3.5B | $3.0B | $2.9B |
| Unearned premiums | $1.4B | $1.1B | ||
| Reinsurance balances payable | $296.4M | $261.3M | ||
| Payable for investments purchased | $209.9M | $115.4M | ||
| Term loan, net of issuance costs | $149.7M | $149.9M | ||
| Accounts payable and accrued expenses | $177.3M | $185.4M | ||
| Payables to related parties | $123.4M | $100.4M | ||
| Total liabilities | $6.7B | $5.5B | ||
| Non-controlling interest TS Hamilton Fund | $172.0K | $128.0K | ||
| Common shares: | $990.0K | $1.0M | ||
| Additional paid-in capital | $1.1B | $1.2B | ||
| Accumulated other comprehensive loss | -$4.4M | -$4.4M | ||
| Retained earnings | $1.7B | $1.2B | ||
| Total shareholders' equity | $2.8B | $2.3B | $2.0B | |
| Total liabilities, non-controlling interest, and shareholders equity | $9.6B | $7.8B | ||
| Investments, amortized cost | $3.4B | $2.9B | ||
| Investments in Two Sigma Funds, cost | $1.4B | $805.6M | ||
| Common stock authorized (in shares) | 150.0M shares | 150.0M shares | 150.0M shares | 135.0M shares |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock issued (in shares) | 99.0M shares | 101.5M shares | 110.2M shares | 103.1M shares |
| Common stock outstanding (in shares) | 99.0M shares | 101.5M shares | 110.2M shares | 103.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $840.0M | $613.2M | $280.3M |
| Depreciation and amortization | $15.9M | $16.5M | $12.4M |
| Share compensation expense | $29.3M | $30.4M | $44.4M |
| Net realized (gains) losses on investments | -$517.1M | -$468.1M | -$84.5M |
| Change in net unrealized (gains) losses on investments | -$170.0M | -$43.3M | -$125.1M |
| Other items | -$28.7M | $3.8M | -$6.5M |
| Premiums receivable | -$168.1M | -$113.3M | -$135.7M |
| Paid losses recoverable | $40.7M | $10.8M | -$54.5M |
| Deferred acquisition costs | -$48.2M | -$52.1M | -$41.7M |
| Prepaid reinsurance | -$77.4M | -$24.6M | -$30.0M |
| Unpaid losses and loss adjustment expenses recoverable | -$204.8M | -$10.0M | $16.8M |
| Other assets | -$57.2M | $1.2M | -$42.7M |
| Reserve for losses and loss adjustment expenses | $882.7M | $502.5M | $173.8M |
| Unearned premiums | $255.2M | $211.1M | $193.0M |
| Reinsurance balances payable | $35.1M | -$11.0M | $28.0M |
| Accounts payable and accrued expenses and other | $14.9M | $92.5M | $55.3M |
| Net cash provided by (used in) operating activities | $842.4M | $759.3M | $283.2M |
| Proceeds from redemptions from Two Sigma Funds | $2.7B | $2.9B | $2.6B |
| Contributions to Two Sigma Funds | -$2.7B | -$2.5B | -$2.6B |
| Purchases of fixed maturity investments | -$2.5B | -$1.9B | -$1.2B |
| Proceeds from sales, redemptions and maturity of fixed maturity investments | $1.7B | $1.4B | $689.0M |
| Purchases of short-term investments | -$1.1B | -$1.8B | -$1.5B |
| Proceeds from sales of short-term investments | $1.4B | $1.8B | $1.4B |
| Change in receivables for investments sold | $16.0M | -$31.6M | -$42.0M |
| Change in payables for investments purchased | $94.4M | $48.8M | $18.5M |
| Other | -$8.9M | -$18.8M | -$15.9M |
| Net cash provided by (used in) investing activities | -$414.1M | -$184.2M | -$652.1M |
| Issuance of common shares | $25.0K | $26.0K | $73.0K |
| Repurchases of common shares | -$112.5M | -$150.3M | -$2.4M |
| Contribution of additional paid-in capital | -$26.0K | $370.0K | $82.9M |
| Term loan, net of issuance costs | -$311.0K | $0 | $0 |
| Withdrawal of non-controlling interest | -$263.3M | -$212.7M | -$21.5M |
| Net cash provided by (used in) financing activities | -$376.2M | -$362.7M | $59.0M |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | $19.1M | -$12.5M | $3.6M |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | $71.2M | $200.0M | -$306.3M |
| Net income taxes paid | $16.5M | $10.7M | $4.2M |
| Interest paid | $21.7M | $22.4M | $21.6M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Hamilton Insurance Group, Ltd., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerAlexander James Baker Nov 12, 2025 to now9
- Chief executive officerAdrian Joseph Daws Nov 9, 2023 to Nov 12, 202510
- Chief executive officerAnita Breslin Kuchma Nov 9, 2023 to Nov 12, 202511
- Chief executive officerGiuseppina Albo Nov 9, 2023 to Nov 12, 202512
- Chief executive officerMegan Jane Thomas Nov 9, 2023 to Nov 12, 202513
- Chief financial officerCraig Howie Nov 9, 2023 to now14
Board members and other officers (26)
- Chief Underwriting OfficerTimothy James Duffin Jan 5, 2026 to now15
- Chief Information OfficerRaymond Karrenbauer Oct 1, 2025 to now16
- Group Chief Risk OfficerRussell John Buckley Oct 1, 2025 to now17
- Group TreasurerJonathan B. Levenson Mar 8, 2024 to now18
- Chief Risk OfficerAlexander James Baker Nov 9, 2023 to now19
- Group TreasurerChad Allan Cundliffe Nov 9, 2023 to Mar 5, 202420
- Group Head of HR & Comm.Daniel Mark Fisher Nov 9, 2023 to now21
- Group Chief Audit OfficerKeith Donald Bernhard Nov 9, 2023 to now22
- Group CTO and Group CDOVenkatanarayanan Krishnamoorthy Nov 9, 2023 to now23
- Board memberPeter W. Wilson May 7, 2026 to now24
- Board memberBradley E. Cooper Feb 4, 2025 to now25
- Board memberDavid Priebe May 19, 2025 to now26
- Board memberKaren Ann Green May 19, 2025 to now27
- Board memberTherese M. Vaughan Mar 8, 2024 to now28
- Board memberAntonio Ursano Jr. Nov 9, 2023 to Nov 9, 202329
- Board memberAnu Karna Nov 9, 2023 to now30
- Board memberDoreen Pauline Elizabeth Richards Nov 9, 2023 to Mar 5, 202431
- Board memberEverard Barclay Simmons Nov 9, 2023 to now32
- Board memberGiuseppina Albo Nov 9, 2023 to now12
- Board memberHenry Hawes Bostic Iii. Nov 9, 2023 to Nov 9, 202333
- Board memberJohn J. Gauthier Nov 9, 2023 to now34
- Board memberMarvin Pestcoe Nov 9, 2023 to now35
- Board memberRussell P. Fradin Nov 9, 2023 to Mar 5, 202436
- Board memberStephen Wilson Pacala Nov 9, 2023 to now37
- Board memberWilliam C. Freda Nov 9, 2023 to now38
- General counselGemma Elizabeth Carreiro Nov 9, 2023 to now39
Timeline
- Nov 12, 2025New chief executive Alexander James Baker becomes CEO9
- Nov 9, 2023New chief executive Adrian Joseph Daws becomes CEO10
- Nov 9, 2023New chief executive Anita Breslin Kuchma becomes CEO11
- Nov 9, 2023New chief executive Giuseppina Albo becomes CEO12
- Nov 9, 2023New chief executive Megan Jane Thomas becomes CEO13
- Sep 4, 2013Founded Hamilton Insurance Group, Ltd. is founded2
Filings
357 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 32 major events, 241 insider forms, 10 large holders, 62 other. The latest 20:
- Sep 14, 20264 EDGAR
- Sep 11, 2026144 EDGAR
- Sep 10, 2026144 EDGAR
- Sep 8, 20264 EDGAR
- Sep 3, 2026144 EDGAR
- Aug 17, 20264 EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- May 20, 20264 EDGAR
- May 19, 20264 EDGAR
- May 18, 2026144 EDGAR
- May 15, 20264 EDGAR
- May 15, 2026144 EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 13, 2026144 EDGAR
- May 12, 20264 EDGAR
- May 8, 2026144 EDGAR
- May 7, 20264 EDGAR
- May 7, 20264 EDGAR
The 357 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
47 open-market trades by officers, directors and large owners since October 2021: 6 buys and 41 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 11, 2026 | Duffin Timothy JamesChief Underwriting Officer | Sale | 28,500 | $34.69 | $988.7K | Form 4 |
| Sep 10, 2026 | Duffin Timothy JamesChief Underwriting Officer | Sale | 28,500 | $34.53 | $984.1K | Form 4 |
| Sep 3, 2026 | BROWN DAVID ADirector | Sale | 50,000 | $36.12 | $1.8M | Form 4 |
| May 18, 2026 | BROWN DAVID ADirector | Sale | 37,300 | $32.16 | $1.2M | Form 4 |
| May 15, 2026 | BROWN DAVID ADirector | Sale | 12,700 | $31.82 | $404.1K | Form 4 |
| May 13, 2026 | Levenson Jonathan B.Group Treasurer | Sale | 6,075 | $30.61 | $186.0K | Form 4 |
| May 8, 2026 | Levenson Jonathan B.Group Treasurer | Sale | 3,030 | $30.67 | $92.9K | Form 4 |
| May 5, 2026 | Deegan Brian JohnGroup Chief Accounting Officer | Sale | 11,000 | $30.69 | $337.6K | Form 4 |
| Apr 8, 2026 | COOPER BRADLEY EDirector | Buy | 99 | $31.01 | $3.1K | Form 4 |
| Nov 14, 2025 | Baker Alexander JamesCEO, Hamilton Global Specialty | Sale | 18,350 | $26.19 | $480.6K | Form 4 |
| Sep 5, 2025 | Bernhard Keith DonaldGroup Chief Audit Officer | Sale | 47,000 | $24.37 | $1.1M | Form 4 |
| Aug 15, 2025 | Krishnamoorthy VenkatanarayananGroup CTO and Group CDO | Sale | 18,988 | $24.00 | $455.7K | Form 4 |
| Aug 13, 2025 | Baker Alexander JamesCEO, Hamilton Global Specialty | Sale | 6,000 | $23.79 | $142.7K | Form 4 |
| Aug 13, 2025 | Graves Megan JaneCEO, Hamilton Re | Sale | 50,000 | $23.75 | $1.2M | Form 4 |
| Aug 12, 2025 | Graves Megan JaneCEO, Hamilton Re | Sale | 50,000 | $23.27 | $1.2M | Form 4 |
| Jun 2, 2025 | Daws Adrian JosephCEO, Hamilton Re | Sale | 6,000 | $22.00 | $132.0K | Form 4 |
| May 19, 2025 | Vaughan Therese MDirector | Buy | 4,750 | $21.05 | $100.0K | Form 4 |
| May 16, 2025 | Thomas Megan JaneCEO, Hamilton Re | Sale | 25,000 | $21.02 | $525.5K | Form 4 |
| Mar 19, 2025 | Daws Adrian JosephCEO, Hamilton Re | Sale | 3,785 | $21.00 | $79.5K | Form 4 |
| Mar 14, 2025 | Thomas Megan JaneCEO, Hamilton Re | Sale | 53,256 | $20.06 | $1.1M | Form 4 |
All 47 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Wellington Management CompanySCHEDULE 13G/A, 4 filings Nov 8, 2024 to Aug 13, 202640
- Hamilton Investments, LPSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 202441
- Blackstone Holdings II L.P.SC 13G/A, 2 filings Feb 9, 2024 to Nov 12, 202442
- Magnitude Capital, LLCSC 13G/A, 2 filings Feb 14, 2024 to May 9, 202443
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARCraig Howie, Chief financial officer
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- 24SEC EDGARPeter W. Wilson, Board member
- 25SEC EDGARBradley E. Cooper, Board member
- 26SEC EDGARDavid Priebe, Board member
- 27SEC EDGARKaren Ann Green, Board member
- 28SEC EDGARTherese M. Vaughan, Board member
- 29SEC EDGARAntonio Ursano Jr., Board member
- 30SEC EDGARAnu Karna, Board member
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- 34SEC EDGARJohn J. Gauthier, Board member
- 35SEC EDGARMarvin Pestcoe, Board member
- 36SEC EDGARRussell P. Fradin, Board member
- 37SEC EDGARStephen Wilson Pacala, Board member
- 38SEC EDGARWilliam C. Freda, Board member
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