HG
Hamilton Insurance Group, Ltd.27.72
-0.63-2.22%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A clarifies guidance, data center caution.
Q&A largely reaffirmed prepared remarks on measured growth and underwriting discipline amid softening property markets, while clarifying that the 2026 attritional loss ratio guidance of 55% reflects mostly the new $10M large-loss threshold—up from $5M—with cat losses steady at 6-7%. Management detailed cautious forays into data centers via physical damage-only covers, avoiding business interruption risks and accumulations. They highlighted AI-driven efficiencies like smart queuing in Select and client preferences for casualty reinsurers with strong data and claims handling. No surprises. Reserves developed favorably from property, flat in casualty. Investors eye AI rollout and casualty pricing durability.
Key Stats
Market Cap
2.76BP/E (TTM)
6.57Basic EPS (TTM)
4.22Dividend Yield
0%Recent Filings
10-K
FY2025 results
Hamilton Insurance Group drove FY2025 gross premiums written to $2.9B, up 20.7% y/y, with Bermuda segment surging 26.2% on casualty/property reinsurance strength while International grew 15.9% via casualty/specialty insurance. Combined ratio ticked to 92.9% amid $159M catastrophe losses (California wildfires) yet $65M favorable prior-year development cushioned attritional losses; Q4 accelerated premium momentum but quarterly breakdowns not disclosed. Balance sheet swelled to $2.8B equity with $6.2B cash/investments, bolstered by TSHF's 16.0% return. $178M remains for buybacks. Unpredictable catastrophes could stall quarterly momentum.
8-K
Roston replaces Bostic on board
Hamilton Insurance Group replaced shareholder-designated director Hawes Bostic with Marc N. Roston, effective February 20, 2026, per Magnitude Investor's rights under the 2023 Shareholders Agreement. Roston brings 30+ years in investments, advising hedge funds and private equity, and joins the Investments and Technology Committees uncompensated. Smooth transition. No disagreements marked Bostic's exit.
8-K
Record profits, special dividend
Hamilton Insurance Group posted record 2025 net income of $577 million, up 44%, with gross premiums written surging 21% to $2.9 billion and book value per share climbing 24% to $28.50. Board declared $2.00 special dividend per share, totaling $206 million, payable March 30 to March 6 record holders. Strong results boost capital return.
10-Q
Q3 FY2025 results
Hamilton's Q3 net premiums earned jumped 17% y/y to $523M, driving a combined ratio of 87.8% versus 93.6% last year, thanks to zero catastrophe losses but offset by a specific large loss in Bermuda specialty and property reinsurance. Diluted EPS hit $1.32, up from $0.74, fueled by $138M in investment gains (Two Sigma Fund returned 2.6% net). Cash sits at $955M with $150M term loan (due 2028); operating cash flow tallied $549M YTD. Bermuda outshone International with an 80.7% combined ratio. Share repurchases accreted book value 6% q/q to $27.06. Catastrophe exposure lingers.
8-K
Boosts buyback by $150M
Hamilton Insurance Group boosted its share repurchase authorization by $150 million on November 4, 2025, signaling board confidence in undervalued stock. Repurchases will occur via open market or private deals, including Rule 10b5-1 plans, until fully utilized or terminated. Timing hinges on capital strength and share price. Board calls the shots.
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