What is Hamilton Insurance Group, Ltd.'s bermuda - specialty — 2?

Hamilton Insurance Group, Ltd. (HG) reported bermuda - specialty — 2 of 20% in Q4 2025.

What does bermuda - specialty — 2 mean?

This metric represents the underwriting expense ratio for the Bermuda Specialty segment, calculated as the ratio of underwriting expenses to net earned premiums. It measures the operational efficiency of the segment in acquiring and managing insurance business. A lower ratio indicates that the company is effectively controlling its administrative and acquisition costs.

Hamilton Insurance Group, Ltd. HG Bermuda - Specialty — 2

Other product segments

International - Property

47%+6.8%

Bermuda - Property

40%-4.8%

International - Specialty

31%-3.1%

International - Casualty

9%0.0%

Bermuda - Casualty

7%-12.5%

Similar metrics at other companies

PRASpecialty P&C — Other Underwriting Expense, Adjusted

$25.65M+0.6%

RDNSpecialty Segment Operating — Expense Ratio

32.8%—

RDNSpecialty Segment Operating — Loss Ratio

52.5%—

WTMSpecialty — 2

26.8%-4.0pp

AXSBermuda — Gross premiums written

$50.3M-8.8%

RNRCasualty and Specialty — Underwriting expense ratio

30.3%-4.7pp

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$3.24B+50.7%

Enterprise value$2.43B+75.6%

P/E3.7×-0.5×

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

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 - specialty — 2?: Hamilton Insurance Group, Ltd. (HG) reported bermuda - specialty — 2 of 20% in Q4 2025.
What does bermuda - specialty — 2 mean?: This metric represents the underwriting expense ratio for the Bermuda Specialty segment, calculated as the ratio of underwriting expenses to net earned premiums. It measures the operational efficiency of the segment in acquiring and managing insurance business. A lower ratio indicates that the company is effectively controlling its administrative and acquisition costs.