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

Other product segments

International - Casualty
$686.44M+12.8%
Bermuda - Casualty
$233.25M+44.2%
International - Property
$94.21M+48.1%
Bermuda - Specialty
$81.52M-0.9%
Bermuda - Property
$74.19M+68.4%

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ACGLCasualty — Unpaid losses and loss adjustment expenses recoverable
$861M+20.4%
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ACGLMulti-line and other specialty — Unpaid losses and loss adjustment expenses recoverable
$436M+22.5%
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ACGLMortgage — Unpaid losses and loss adjustment expenses recoverable
$42M+27.3%
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ACGLProperty catastrophe — Unpaid losses and loss adjustment expenses recoverable
$911M+16.3%
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ACGLMarine and aviation — Unpaid losses and loss adjustment expenses recoverable
$549M+18.8%

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
Reinsurance recoverable on unpaid claims
International - Property94,211
International - Casualty686,437
International - Specialty206,247
Bermuda - Property74,190
Bermuda - Casualty233,248
Bermuda - Specialty81,524
Total reinsurance recoverable on unpaid claims1,375,857

Item 16. Form 10-K Summary

FAQ

What is Hamilton Insurance Group, Ltd.'s international - specialty — unpaid losses and loss adjustment expenses recoverable?
Hamilton Insurance Group, Ltd. (HG) reported international - specialty — unpaid losses and loss adjustment expenses recoverable of $206.25M in Q4 2025.
What does international - specialty — unpaid losses and loss adjustment expenses recoverable mean?
Represents the portion of unpaid losses and loss adjustment expenses that are recoverable from reinsurers specifically for the International Specialty segment. This metric quantifies the company's reliance on reinsurance protection and the credit risk associated with its reinsurance counterparties. It is a critical indicator of the segment's net risk exposure and the effectiveness of its risk transfer strategies.

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