|HG Overview
HG

Hamilton Insurance Group, Ltd.

Financials • CIK: 0001593275

Loading...

Market Cap
$2.80B
P/E (TTM)
4.9x
Rev Growth (TTM)
+24.7%
Net Margin (TTM)
28.9%
FCF Yield (TTM)
30.1%
FCF Margin (TTM)
29.0%

LATEST EARNINGS

Q4 2025
15 days ago
View source
Revenue
$728.33B
Net Income
$214.55B
EPS
$1.69
+428.1%
Operating
29.2% +11.2%
Net
23.6% +16.6%
  • Net income increased by 44% to $577 million for the full year 2025, with a 22% return on average equity.
  • Gross premiums written grew 21% to $2.9 billion for the full year 2025.
  • Book value per share increased by 24.2% to $28.50 as of December 31, 2025.
  • The company declared a special dividend of $2.00 per common share, totaling approximately $206.0 million.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$842M
Q4 '25
$293M-1%
Q3 '25
$296M+35%
FCF Margin
TTM29.0%
Q4 '2540.3%-9%
Sector: 22.2%Above Avg
OCF Margin29.0%
OCF/NI1.00x
CapEx Coverage
FCF Yield30.1%
FCF Growth (2Y)
Cash Conversion Cycle
0 days
DSO: 0+DIO: DPO:

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM4.0%
Div Yield0.0%
+
Buyback (TTM)4.0%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$842.4M
Stock Repurchases (TTM)$112.5M
Capital Return / FCF13.4%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
P25MedianP75
(med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
Asset Turnover
0.33x
8Q: 0.31x
Leverage (1+D/E)
1.00x
D/E: 0.00x
Asset & CapEx Efficiency
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
Revenue
$2.9B
$728.3M9.1%
$667.6M9.9%
$740.8M3.6%
$768.8M34.8%
$570.5M11.2%
$512.8M12.8%
$587.9M10.7%
$658.6M
Operating Income
$824.9M
$189.7M5.2%
$180.3M33.3%
$270.5M46.6%
$184.5M140.5%
$76.7M19.7%
$64.1M68.4%
$202.9M27.0%
$277.9M
Net Income
$840.0M
$214.6M21.6%
$176.4M34.1%
$267.8M47.7%
$181.3M143.6%
$74.4M21.9%
$61.0M69.5%
$200.4M27.7%
$277.3M
Operating Cash Flow
$842.4M
$293.4M0.7%
$295.6M35.3%
$218.4M525.8%
$34.9M87.7%
$284.1M76.9%
$160.6M2.6%
$156.4M1.1%
$158.2M
Free Cash Flow
$842.4M
$293.4M0.7%
$295.6M35.3%
$218.4M525.8%
$34.9M87.7%
$284.1M76.9%
$160.6M2.6%
$156.4M1.1%
$158.2M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
4.9x
Volatile
8Q: 17.1x+0%
Valuation Lenses
Earnings
4.9x
vs sector
Cash Flow
2.1x
EV/FCF vs
Growth-Adj
0.1xPEG
Undervalued for growth
Quality-Adj
P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
Buyback
4.0%
Total Yield
4.0%
Market Cap$2.80B
EV$1.75B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
100/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%
33.0%
8Q:
Return on Invested Capital (ROIC)
8Q:
vs Sector:0.1%

Earnings Quality

Cash Conversion

1.00x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover

Working Capital

Cash Conversion Cycle0 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
70/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
24.7%
OpInc Growth YoY
147.3%
EPS Growth YoY
51.6%
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

High Quality
Profitability Cascade
Gross
Operating
Net
28.9%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+0.1 pts
FCF: 29.0% | Net: 28.9%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $1.17B
Interest Coverage
+Net cash position: $1.17B
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis