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Bermuda-based specialty insurer and reinsurer writing property, casualty and specialty risks via Bermuda and Lloyd's platforms.
Bermuda-based specialty insurer and reinsurer writing property, casualty and specialty risks via Bermuda and Lloyd's platforms.
Earns premiums for taking on others' risks, keeping what it does not pay out in claims and costs, plus investment income on premiums held until claims are paid. It writes both direct specialty insurance and reinsurance (cover bought by other insurers). It listed in 2023, and quantitative investor Two Sigma was among its backers.
Moat: narrow (process know-how, scale). Two Sigma-backed data/analytics underwriting edge in a still-hard specialty pricing market.
Headquarters: Hamilton, Bermuda · Founded: 2013 · Employees: 600
Size Hamilton Insurance (HG) is a United States Financials company (Multi-Line Insurance) with a market value of $3.64B, the 1407th largest of 3,117 United States companies the cockpit tracks. Shares closed at $36.94 on 6 Nov 2026.
Performance Over six months the shares gained 19.7%, against +0.3% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 19.6% over the last twelve months (peer median +8.8%); the operating margin is 29.1% (peer median 11.7%).
Valuation It trades at 1.24× book value against a peer median of 1.01× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 8.0%; Hamilton Insurance delivers 19.0%, so the price asks less than the business earns today.
Short interest Short interest is 2.3% of the free float (15 Oct 2026).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.14B | $2.74B | $2.29B | $1.45B | $1.39B |
| Revenue growth | — | +20% | +58% | +4% | — |
| Net income | $531M | $577M | $400M | $259M | -$98.0M |
| Free cash flow | n/a | $842M | $759M | $283M | $191M |
| Capital expenditure | n/a | $0 | $0 | $0 | $0 |
| Total debt | $150M | $150M | $150M | $150M | $150M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Hamilton Insurance HG | $3.64B | +20% | +20% | 19% | 1.24× | 8.0% |
| Arch Capital ACGL | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% |
| RenaissanceRe RNR | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% |
| Axis Capital AXS | $7.60B | +7% | +10% | 16% | 1.33× | 8.1% |
| Beazley BEZ.L | n/a | +3% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.2% | +2.9% | 7th highest of 21 |
| 6-month return | +19.7% | +0.3% | 5th highest of 21 |
| Return on equity | 19.0% | 10.7% | 3rd highest of 21 |
| Price / book | 1.24× | 1.01× | 8th most expensive of 21 |
| Trailing P/E | 6.9× | 11.3× | 5th cheapest of 19 |
| ROE the price implies | 8.0% | 7.9% | 10th most demanding of 20 |
| ROE delivered | 19.0% | 9.7% | 3rd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Hamilton Insurance HG | United States | $3.64B | +20% | +20% | 19% | 1.24× | 8.0% | 19.0% |
| Alm. Brand A/S ALMB.CO | Denmark | $3.70B | +16% | +3% | 9% | 2.19× | 7.3% | 8.8% |
| Genworth Financial GNW | United States | $3.29B | -5% | -1% | 2% | 0.38× | 5.3% | 2.3% |
| F&G Annuities & Life FG | United States | $3.06B | -17% | +14% | 9% | 0.66× | 8.4% | 9.2% |
| Lemonade LMND | United States | $3.06B | -28% | +77% | -27% | 6.12× | 75.0% | -27.0% |
| New India Assurance NIACL.NS | India | $2.74B | -5% | +9% | -1% | 0.62× | 14.0% | -1.3% |
| Skyward Specialty Insurance SKWD | United States | $2.68B | +29% | +38% | 17% | 2.11× | 10.2% | 17.3% |
| Vaudoise Assurances VAHN.SW | Switzerland | $2.66B | -8% | +14% | 6% | 0.78× | n/a | 5.9% |
| CNO Financial CNO | United States | $5.09B | +20% | +2% | 17% | 2.19× | 16.0% | 16.9% |
| White Mountains Insurance WTM | United States | $5.35B | +5% | +21% | 22% | 0.99× | 6.3% | 21.9% |
| Sunshine Insurance 6963.HK | Hong Kong | $5.35B | 0% | +8% | 14% | 0.66× | 5.4% | 13.7% |
| Go Digit General Insurance GODIGIT.NS | India | $2.44B | -21% | +9% | 12% | 4.91× | 37.4% | n/a |
| FWD 1828.HK | Hong Kong | $5.54B | +7% | +24% | 4% | 0.92× | 7.3% | 4.1% |
| Pelagos Insurance Capital PLGO | United States | $2.29B | +33% | -4% | 18% | 1.03× | 6.5% | 17.6% |
| NIB NHF.AX | Australia | $2.29B | +4% | +5% | 17% | 2.90× | 13.2% | 16.6% |
| Seoul Guarantee Insurance 031210.KS | South Korea | $2.26B | -8% | +14% | 6% | 0.61× | 4.5% | 6.0% |
| Sony Financial 8729.T | Japan | $6.06B | +1% | -10% | 14% | 1.08× | 5.1% | 14.4% |
| RLI RLI | United States | $6.27B | +39% | +6% | 22% | 3.70× | 15.4% | 22.1% |
| Enact ACT | United States | $6.38B | +5% | +2% | 13% | 1.19× | 7.9% | 12.9% |
| Zhongan Online P&C Insurance 6060.HK | Hong Kong | $2.06B | -19% | +16% | 8% | 0.54× | 8.0% | 8.2% |
| China Reinsurance (Group) 1508.HK | Hong Kong | $6.64B | -5% | +11% | 10% | 0.40× | 5.5% | 9.7% |