Hamilton Insurance Group (HG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Hamilton Insurance Group

NYSE•Financial Services•Insurance - Reinsurance

$35.17-0.09(<0.01%)Pre-market

Market Cap

$3.49B

P/E

4.0x

P/S

1.2x

P/B

1.2x

Hamilton Insurance Group, Ltd., through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally. It operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial auto, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial risks, marine and energy, and multiline specialty. It also provides accident and health, cyber, energy, environmental, financial lines, fine art and specie, kidnap and ransom, mergers and acquisitions, marine and energy liability, political risk and violence, professional liability, property binders, property direct and facultative, professional lines, space, upstream energy, excess casualty, war and terrorism, allied medical, products liability and contractors, management liability, medical professionals, general liability, and small business casualty insurance plans, as well as surety and treaty reinsurance products. The company was incorporated in 2013 and is headquartered in Pembroke, Bermuda.

How this company scores

ExcellentMetricSide Score: 95/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (21/25).

Profitability25/25

Growth24/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 4.0x5y range 2.3x – 4.1x

Currently near its 9-quarter median.

P/S · 1.2x5y range 0.6x – 1.2x

Currently above its 9-quarter median.

P/B · 1.2x5y range 0.7x – 1.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $3.49B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.99B
Q. Revenue: $839.58M
TTM EBITDA: $846.60M
TTM Op. Income: $846.60M
Q. Op. Income: $257.27M
TTM Net Income: $862.81M
Q. Net Income: $254.80M
EPS: $1.45
Shares Out.: $99.28M

$2.99B in TTM revenue grew 15.5% YoY, reaching $839.58M last quarter. TTM EBITDA of $846.60M and TTM operating income of $846.60M show growth is flowing through to the bottom line. TTM net income of $862.81M means revenue is converting into profit. Over the past year, TTM revenue is up 15% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 30.6%
Op. Margin: 30.6%
Net Margin: 30.3%

Op. margin of 30.6% is down 5.9% YoY — costs are rising relative to revenue. Net margin at 30.3% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 4.0x
P/S Ratio: 1.2x
P/B Ratio: 1.2x

At 4.0x P/E, the stock trades below typical market levels. P/S of 1.2x and P/B of 1.2x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.26B
Cash: $717.34M
Long-Term Debt: $149.79M
Book Value: $2.85B
D/E Ratio: 0.1
Debt/EBITDA: 0.6

With $10.26B in assets and $149.79M in long-term debt, D/E is 0.1and book value is $2.85B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 10% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $125.32M
TTM Free Cash Flow: $815.18M
FCF Margin: 27.2%
FCF / Net Income: 0.9

TTM FCF of $815.18M on $125.32M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 17% — a weakening trend.