What does international - specialty — IBNR mean?

IBNR (Incurred But Not Reported) represents the estimated liability for claims that have occurred but have not yet been formally reported to the insurer. This reserve is critical for ensuring the company maintains adequate capital to cover future obligations arising from the International Specialty segment. It reflects the actuarial assessment of latent risk and the potential for future claim development.

Hamilton Insurance Group, Ltd. HG International - Specialty — IBNR

Other product segments

Bermuda - Casualty

$834.65M+44.7%

International - Casualty

$582.84M+28.8%

Bermuda - Specialty

$239.7M+11.5%

Bermuda - Property

$234.83M+6.9%

International - Property

$82.47M+6.3%

Similar metrics at other companies

CNAInternational — IBNR

$1.91B—

RNRCasualty and Specialty — IBNR

$12.96B+9.0%

CNAInternational — Net IBNR Reserves

$1.96B+17.1%

CNAGeneral Liability — IBNR

341,000,000,000%+19,500,000,000pp

SIGIGeneral liability — IBNR

$769.16M+23.9%

PFGReserve for Incurred But Not Reported (IBNR) Claims

$950.4M+1.8%

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 international - specialty — IBNR?: Hamilton Insurance Group, Ltd. (HG) reported international - specialty — IBNR of $393.17M in Q4 2025.
What does international - specialty — IBNR mean?: IBNR (Incurred But Not Reported) represents the estimated liability for claims that have occurred but have not yet been formally reported to the insurer. This reserve is critical for ensuring the company maintains adequate capital to cover future obligations arising from the International Specialty segment. It reflects the actuarial assessment of latent risk and the potential for future claim development.