Hamilton Insurance Group Ltd
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
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Contractual Obligations and Commitments
At December 31, 2023, contractual obligations and commitments by period due were:
| Payment Due by Year | |||||
|---|---|---|---|---|---|
| (Expressed in thousands of U.S. Dollars) | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years |
| Debt(1) | $150,000 | $— | $150,000 | $— | $— |
| Estimated interest payments(1) | 27,150 | 10,980 | 16,170 | — | — |
| Total debt obligations | 177,150 | 10,980 | 166,170 | — | — |
| Losses and loss adjustment expenses(2) | 3,030,037 | 981,726 | 1,007,852 | 470,324 | 570,135 |
| Operating lease obligations(3) | 7,247 | 3,078 | 3,182 | 987 | — |
| Total | $3,214,434 | $995,784 | $1,177,204 | $471,311 | $570,135 |
(1) Estimated debt payments have been calculated in the above table with reference to the interest rate in effect at December 31, 2023. Refer to Note 11, Debt and Credit Facilities in the audited consolidated financial statements for further details.
(2) Losses and loss adjustment expenses are presented gross of estimated recoveries. The amount and timing of associated cash flows are subject to significant judgement based on the best information currently available and actual settlement may vary significantly from the estimates presented above. Refer to Critical Accounting Estimates, Losses and Loss Adjustment Expenses for further detail.
(3) Refer to Note 16, Commitments and Contingencies for further detail on our lease commitments.
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