What is Hamilton Insurance Group, Ltd.'s bermuda - property — IBNR?

Hamilton Insurance Group, Ltd. (HG) reported bermuda - property — IBNR of $234.83M in Q4 2025.

What does bermuda - property — IBNR mean?

This represents the estimated liability for claims that have occurred but have not yet been reported to the insurer as of the balance sheet date for the Bermuda property segment. It is a critical actuarial estimate that reflects the uncertainty and potential future development of the claims portfolio. High levels of IBNR relative to premiums may indicate conservative reserving practices or an increase in long-tail risk exposure.

Hamilton Insurance Group, Ltd. HG Bermuda - Property — IBNR

Other product segments

Bermuda - Casualty

$834.65M+44.7%

International - Casualty

$582.84M+28.8%

International - Specialty

$393.17M+27.2%

Bermuda - Specialty

$239.7M+11.5%

International - Property

$82.47M+6.3%

Similar metrics at other companies

RNRProperty — IBNR

$2.04B-44.9%

LMNDProperty Insurance — IBNR

$64.6M+15.8%

SIGICommercial property — IBNR

$53.81M-16.7%

SIGIGeneral liability — IBNR

$769.16M+23.9%

CNAInternational — IBNR

$1.91B—

HIGProperty Insurance — IBNR Reserves

27,100,000,000%-5,100,000,000pp

Other financials

Income statement

See full

Revenue$758.9M-1.3%

Net income$217.0M+19.7%

EPS (diluted)$1.31+70.1%

Balance sheet

See full

Cash & equivalents$955.5M+4.6%

Total debt$149.8M-0.1%

Total equity$2.7B+13.5%

Total assets$9.9B+18.2%

Cash flow

See full

Operating cash flow$100.8M+189%

Valuation

See full

Market cap$3.21B+40.4%

Enterprise value$2.41B+60.1%

P/E3.7×-0.8×

P/S1.1×+0.2×

Profitability

See full

Net margin30.2%+9.1pp

Returns & leverage

See full

Return on equity34.2%+11.8pp

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:ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet.

The official record: Hamilton Insurance Group, Ltd.’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hamilton Insurance Group, Ltd.'s bermuda - property — IBNR?: Hamilton Insurance Group, Ltd. (HG) reported bermuda - property — IBNR of $234.83M in Q4 2025.
What does bermuda - property — IBNR mean?: This represents the estimated liability for claims that have occurred but have not yet been reported to the insurer as of the balance sheet date for the Bermuda property segment. It is a critical actuarial estimate that reflects the uncertainty and potential future development of the claims portfolio. High levels of IBNR relative to premiums may indicate conservative reserving practices or an increase in long-tail risk exposure.