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Hamilton Insurance Group, Ltd. HG Specialty Contracts — Prior years
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Where this comes from
Reported directly by Hamilton Insurance Group, Ltd. in its filing.
Tagged under the XBRL concept us-gaap:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense.
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
- Net favorable development of $65.5 million on property contracts, primarily driven by favorable prior year development on Hurricane Ian, the June 2023 severe convective storms, Hurricane Idalia and various other weather-related events, in addition to favorable attritional loss development; and
- Net favorable development of $25.4 million on specialty contracts, primarily driven by a reduction in loss estimates on certain classes; partially offset by
- Net unfavorable development of $27.7 million on casualty contracts, primarily driven by unfavorable prior year development on discontinued lines of business and additional information on certain large losses.
- In addition, casualty business protected by the LPT discussed in Note 7, Reinsurance, benefited from favorable development in the underlying reserves of $2.5 million, which was partially offset by a change in the deferred gain of $0.8 million, for a total net positive earnings impact of $1.7 million.
Item 16. Form 10-K Summary
FAQ
- What is Hamilton Insurance Group, Ltd.'s specialty contracts — prior years?
- Hamilton Insurance Group, Ltd. (HG) reported specialty contracts — prior years of -$3.3M in Q4 2025.
- What does specialty contracts — prior years mean?
- This metric represents the net favorable or unfavorable development of loss reserves established for insurance claims originating in previous underwriting periods within the specialty contracts segment. It reflects the accuracy of initial actuarial estimates and the impact of subsequent claim settlement trends on current period earnings. A consistent trend of favorable development indicates robust reserving practices, while unfavorable development may signal the need for strengthening reserves due to emerging loss trends.
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