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Hamilton Insurance Group, Ltd. HG Bermuda — Combined ratio

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Other financials

Income statement

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Revenue$839.6M+13.3%
Net income$254.8M-4.8%
EPS (diluted)$1.42-20.7%

Balance sheet

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Cash & equivalents$829.0M-22.6%
Total debt$149.8M+0.1%
Total equity$2.9B+11.4%
Total assets$10.3B+15.2%

Cash flow

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Operating cash flow$125.3M-42.6%

Valuation

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Market cap$3.53B+59.4%
Enterprise value$2.85B+121%
P/E4.1×+0.3×
P/S1.2×+0.3×

Profitability

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Net margin28.8%+6.3pp

Returns & leverage

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Return on equity31.9%+7.5pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Hamilton Insurance Group, Ltd. in its filing.

Tagged under the XBRL concept us-gaap:CombinedRatio.

The source filing: Hamilton Insurance Group, Ltd.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:20 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001593275-26-000098
($ in thousands) / Three Months Ended June 30, 2026InternationalBermudaCorporateTotal
Attritional loss ratio - current year51.1%55.7%53.3%
Attritional loss ratio - prior year development(4.6)%4.6%(0.1)%
Catastrophe loss ratio - current year11.1%4.3%7.8%
Catastrophe loss ratio - prior year development0.0%1.5%0.7%
Loss and loss adjustment expense ratio57.6%66.1%61.7%
Acquisition cost ratio26.5%23.0%24.8%
Other underwriting expense ratio12.9%3.9%8.5%
Combined ratio97.0%93.0%95.0%

Item 1. Financial Statements

FAQ

What is Hamilton Insurance Group, Ltd.'s bermuda — combined ratio?
Hamilton Insurance Group, Ltd. (HG) reported bermuda — combined ratio of 93% in Q2 2026.
How has Hamilton Insurance Group, Ltd.'s bermuda — combined ratio changed year-over-year?
Hamilton Insurance Group, Ltd.'s bermuda — combined ratio increased by 10.3% year-over-year, from 84.3% to 93%.
What does bermuda — combined ratio mean?
The combined ratio is the primary measure of underwriting performance, calculated as the sum of the loss ratio, acquisition cost ratio, and other underwriting expense ratio. A ratio below 100% indicates an underwriting profit, while a ratio above 100% indicates an underwriting loss.

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