Hamilton Insurance Group Ltd
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
HG$37.36+1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| ($ in thousands, except share information) | 2023 | 2022 |
| Assets | ||
| Fixed maturity investments, at fair value (amortized cost 2023: $1,867,499; 2022: $1,348,684) | $1,831,268 | $1,259,476 |
| Short-term investments, at fair value (amortized cost 2023: $427,437; 2022: $285,130) | 428,878 | 286,111 |
| Investments in Two Sigma Funds, at fair value (cost 2023: $770,191; 2022: $731,100) | 851,470 | 740,736 |
| Total investments | 3,111,616 | 2,286,323 |
| Cash and cash equivalents | 794,509 | 1,076,420 |
| Restricted cash and cash equivalents | 106,351 | 130,783 |
| Premiums receivable | 658,363 | 522,670 |
| Paid losses recoverable | 145,202 | 90,655 |
| Deferred acquisition costs | 156,895 | 115,147 |
| Unpaid losses and loss adjustment expenses recoverable | 1,161,077 | 1,177,863 |
| Receivables for investments sold | 42,419 | 371 |
| Prepaid reinsurance | 194,306 | 164,313 |
| Intangible assets | 90,996 | 86,958 |
| Other assets | 209,621 | 167,462 |
| Total assets | $6,671,355 | $5,818,965 |
| Liabilities, non-controlling interest, and shareholders’ equity | ||
| Liabilities | ||
| Reserve for losses and loss adjustment expenses | $3,030,037 | $2,856,275 |
| Unearned premiums | 911,222 | 718,188 |
| Reinsurance balances payable | 272,310 | 244,320 |
| Payables for investments purchased | 66,606 | 48,095 |
| Term loan, net of issuance costs | 149,830 | 149,715 |
| Accounts payable and accrued expenses | 186,887 | 138,050 |
| Payables to related parties | 6,480 | 20 |
| Total liabilities | 4,623,372 | 4,154,663 |
| Non-controlling interest – TS Hamilton Fund | 133 | 119 |
| Shareholders’ equity | ||
| Common shares: | ||
| Class A, authorized (2023: 28,644,807 and 2022: 53,993,690), par value $0.01; issued and outstanding (2023: 28,644,807 and 2022: 30,520,078) | 286 | 305 |
| Class B, authorized (2023: 72,337,352 and 2022: 50,480,684), par value $0.01; issued and outstanding (2023: 56,036,067 and 2022: 42,042,155) | 560 | 420 |
| Class C, authorized (2023: 25,544,229 and 2022: 30,525,626), par value $0.01; issued and outstanding (2023: 25,544,229 and 2022: 30,525,626) | 255 | 305 |
| Additional paid-in capital | 1,249,817 | 1,120,242 |
| Accumulated other comprehensive loss | (4,441) | (4,441) |
| Retained earnings | 801,373 | 547,352 |
| Total shareholders’ equity | 2,047,850 | 1,664,183 |
| Total liabilities, non-controlling interest, and shareholders’ equity | $6,671,355 | $5,818,965 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.