What is Hamilton Insurance Group, Ltd.'s bermuda - specialty — 3?

Hamilton Insurance Group, Ltd. (HG) reported bermuda - specialty — 3 of 14% in Q4 2025.

What does bermuda - specialty — 3 mean?

This metric represents the combined ratio for the Bermuda Specialty segment, which is the sum of the loss ratio and the expense ratio. It is the primary measure of underwriting profitability, where a ratio below 100% indicates an underwriting profit. It provides a comprehensive view of the segment's ability to generate value from its core insurance operations.

Hamilton Insurance Group, Ltd. HG Bermuda - Specialty — 3

Other product segments

International - Specialty

23%-4.2%

International - Property

19%0.0%

Bermuda - Property

13%0.0%

International - Casualty

13%+8.3%

Bermuda - Casualty

12%+9.1%

Similar metrics at other companies

RDNSpecialty Segment Operating — Combined Ratio

85.3%—

RDNSpecialty Segment Operating — Loss Ratio

52.5%—

ORISpecialty Insurance Group — Combined Ratio

94.8%+5.0pp

PRASpecialty P&C — Segment Profit (Loss)

-$9.13M+34.1%

CNASpecialty — Other

$0—

WTMSpecialty — 3

13.2%+2.3pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

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 — 3?: Hamilton Insurance Group, Ltd. (HG) reported bermuda - specialty — 3 of 14% in Q4 2025.
What does bermuda - specialty — 3 mean?: This metric represents the combined ratio for the Bermuda Specialty segment, which is the sum of the loss ratio and the expense ratio. It is the primary measure of underwriting profitability, where a ratio below 100% indicates an underwriting profit. It provides a comprehensive view of the segment's ability to generate value from its core insurance operations.