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Hamilton Insurance Group, Ltd. HG International - Casualty — Unpaid losses and loss adjustment expenses recoverable

Other product segments

Bermuda - Casualty
$233.25M+44.2%
International - Specialty
$206.25M-2.2%
International - Property
$94.21M+48.1%
Bermuda - Specialty
$81.52M-0.9%
Bermuda - Property
$74.19M+68.4%

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$2.89B+20.0%

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$3.56B+58.1%
Enterprise value$2.89B+117%
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:ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments.

The source filing: Hamilton Insurance Group, Ltd.’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 4:19 PM EST
Fiscal year
FY2025
Accession
0001593275-26-000021
($ in thousands)($ in thousands)December 31, 2025December 31, 2025
Liabilities for unpaid losses and loss adjustment expenses, net of reinsurance2,999,498
Reinsurance recoverable on unpaid claims
International - Property94,211
International - Casualty686,437
International - Specialty206,247
Bermuda - Property74,190
Bermuda - Casualty233,248
Bermuda - Specialty81,524

Item 16. Form 10-K Summary

FAQ

What is Hamilton Insurance Group, Ltd.'s international - casualty — unpaid losses and loss adjustment expenses recoverable?
Hamilton Insurance Group, Ltd. (HG) reported international - casualty — unpaid losses and loss adjustment expenses recoverable of $686.44M in Q4 2025.
What does international - casualty — unpaid losses and loss adjustment expenses recoverable mean?
This metric represents the portion of unpaid losses and loss adjustment expenses that are recoverable from reinsurers for the International Casualty segment. It quantifies the company's reliance on reinsurance partners to mitigate financial exposure to large casualty claims. High levels of recoverables indicate significant risk transfer, but also introduce counterparty credit risk.

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