Hamilton Insurance Group Ltd
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 7, 2024
HG$38.82+3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
| Years Ended · Month Ended · Year Ended | ||||
|---|---|---|---|---|
| December 31, · December 31, · November 30, | ||||
| ($ in thousands, except per share information) | 2023 | 2022 | 2021 | 2021 |
| Revenues | ||||
| Gross premiums written | $1,951,038 | $1,646,673 | $121,813 | $1,446,551 |
| Reinsurance premiums ceded | (470,600) | (424,809) | (23,892) | (361,123) |
| Net premiums written | 1,480,438 | 1,221,864 | 97,921 | 1,085,428 |
| Net change in unearned premiums | (161,905) | (78,150) | 710 | (142,879) |
| Net premiums earned | 1,318,533 | 1,143,714 | 98,631 | 942,549 |
| Net realized and unrealized gains (losses) on investments | 209,399 | 86,357 | (33,526) | 352,193 |
| Net investment income (loss) | 30,456 | (21,487) | (3,222) | (43,217) |
| Total net realized and unrealized gains (losses) on investments and net investment income (loss) | 239,855 | 64,870 | (36,748) | 308,976 |
| Net gain on sale of equity method investment | 211 | 6,991 | — | 54,557 |
| Other income (loss) | 18,631 | 11,316 | 2,131 | 21,011 |
| Net foreign exchange gains (losses) | (6,185) | 6,137 | 16 | 6,442 |
| Total revenues | 1,571,045 | 1,233,028 | 64,030 | 1,333,535 |
| Expenses | ||||
| Losses and loss adjustment expenses | 714,603 | 758,333 | 56,650 | 640,560 |
| Acquisition costs | 309,148 | 271,189 | 23,992 | 229,213 |
| General and administrative expenses | 259,856 | 177,682 | 15,682 | 172,294 |
| Impairment of goodwill | — | 24,082 | — | 936 |
| Amortization of intangible assets | 10,783 | 12,832 | 1,200 | 13,431 |
| Interest expense | 21,434 | 15,741 | 1,061 | 14,897 |
| Total expenses | 1,315,824 | 1,259,859 | 98,585 | 1,071,331 |
| Income (loss) before income tax | 255,221 | (26,831) | (34,555) | 262,204 |
| Income tax expense (benefit) | (25,066) | 3,104 | 1,335 | 12,365 |
| Net income (loss) | 280,287 | (29,935) | (35,890) | 249,839 |
| Net income (loss) attributable to non-controlling interest | 21,560 | 68,064 | (3) | 61,660 |
| Net income (loss) and other comprehensive income (loss) attributable to common shareholders | $258,727 | $(97,999) | $(35,887) | $188,179 |
| Per share data | ||||
| Basic income (loss) per share attributable to common shareholders | $2.47 | $(0.95) | $(0.35) | $1.83 |
| Diluted income (loss) per share attributable to common shareholders | $2.44 | $(0.95) | $(0.35) | $1.82 |
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