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Hamilton Insurance Group Ltd

Hamilton Insurance Group Ltd

HG
$34.94USD↑+1.36%+0.47 today

MARKET CAP

3.5B

P/E (TTM)

5.7x

FWD P/E

7.7x

DAY RANGE

$34 – $35

52W RANGE

$21
$35

AI Summary

Stalk
StalkMedium

HG remains in a Stage 2 advancing regime with higher highs and higher lows intact across timeframes. While the medium-term trend is clearly bullish, extreme overbought readings and recent reluctance to extend suggest caution, with tactical entries best sought on shallow pullbacks into the rising EMAs and 50 DMA support zone.

  • ↑Q1 2026 net income $134M; ROE 19% reflects strong profitability
  • ↑Gross premiums written rose 11% YoY to $940M, driven by selective growth
  • ↓Pricing across key segments remains under pressure, hindering margin growth
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The case for & against

Bull & Bear analysis

Bullish

Hamilton Insurance Group, Ltd. (NYSE: HG) operates as a global provider of specialized insurance and reinsurance services, focusing primarily on property and casualty segments. Established relatively recently, the company has quickly gained a foothold in the insurance market, emphasizing disciplined underwriting and maintaining strong client relationships. With recent expansions into casualty lines and innovative approaches to underwriting through technology and selective growth strategies, Hamilton is well-positioned to adapt and thrive in the evolving insurance landscape.

Bull says

  • ↑Q1 2026 net income $134M; ROE 19% reflects strong profitability
  • ↑Gross premiums written rose 11% YoY to $940M, driven by selective growth
  • ↑$200M special dividend and $20M repurchases signal active capital return
  • ↑AI underwriting integration aims to boost efficiency and risk pricing
  • ↑Combined ratio improved to 89.8%, showing effective underwriting performance
  • ↑Strong earnings yield, high profitability score and positive momentum suggest undervaluation

Bear says

  • ↓Pricing across key segments remains under pressure, hindering margin growth
  • ↓Net investment income fell 44% YoY to $94M, stressing profitability
  • ↓Negative growth momentum and downward revisions warn of premium headwinds
  • ↓Elevated leverage and weak liquidity heighten financial vulnerability
  • ↓Combined ratio near 90% preserves catastrophic loss risk
  • ↓Geopolitical tensions in Middle East threaten specialty-line exposures

Investment themes with HG

P&C Insurance↑ +0.45%

GWRE · MBI · HCI

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-02-2026neutral

Transcript signals

Bull points

  • Hamilton delivered very solid results in the first quarter with net income of $134 million, equal to an annualized return on average equity of 19%.
  • gross premiums written increasing by 11% for the quarter.
  • we wrote $497 million in gross premiums, an increase of 5% over last year.

Bear points

  • Pricing across parts of the industry continues to come under pressure
  • pricing levels deteriorated
  • pricing pressure to be similar to what we experienced so far this year.
Read full transcript analysis ›