Hamilton Insurance Group Ltd
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
HG$38.82+3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
| ($ in thousands, except per share information) | September 30,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Fixed maturity investments, at fair value (amortized cost 2024: $2,306,168; 2023: $1,867,499) | $2,320,184 | $1,831,268 |
| Short-term investments, at fair value (amortized cost 2024: $506,244; 2023: $427,437) | 507,947 | 428,878 |
| Investments in Two Sigma Funds, at fair value (cost 2024: $829,606; 2023: $770,191) | 932,787 | 851,470 |
| Total investments | 3,760,918 | 3,111,616 |
| Cash and cash equivalents | 957,372 | 794,509 |
| Restricted cash and cash equivalents | 93,883 | 106,351 |
| Premiums receivable | 885,744 | 658,363 |
| Paid losses recoverable | 146,008 | 145,202 |
| Deferred acquisition costs | 205,953 | 156,895 |
| Unpaid losses and loss adjustment expenses recoverable | 1,190,465 | 1,161,077 |
| Receivables for investments sold | 39,079 | 42,419 |
| Prepaid reinsurance | 260,174 | 194,306 |
| Intangible assets | 94,441 | 90,996 |
| Other assets | 192,510 | 209,621 |
| Total assets | $7,826,547 | $6,671,355 |
| Liabilities, non-controlling interest, and shareholders’ equity | ||
| Liabilities | ||
| Reserve for losses and loss adjustment expenses | $3,434,800 | $3,030,037 |
| Unearned premiums | 1,192,071 | 911,222 |
| Reinsurance balances payable | 334,511 | 272,310 |
| Payables for investments purchased | 172,905 | 66,606 |
| Term loan, net of issuance costs | 149,916 | 149,830 |
| Accounts payable and accrued expenses | 168,658 | 186,887 |
| Payables to related parties | — | 6,480 |
| Total liabilities | 5,452,861 | 4,623,372 |
| Non-controlling interest – TS Hamilton Fund | 60,060 | 133 |
| Shareholders’ equity | ||
| Common shares: | ||
| Class A, authorized (2024: 26,944,807 and 2023: 28,644,807), par value $0.01; issued and outstanding (2024: 17,820,078 and 2023: 28,644,807) | 178 | 286 |
| Class B, authorized (2024: 79,677,932 and 2023: 72,337,352), par value $0.01; issued and outstanding (2024: 63,668,995 and 2023: 56,036,067) | 637 | 560 |
| Class C, authorized (2024: 19,903,649 and 2023: 25,544,229), par value $0.01; issued and outstanding (2024: 19,903,649 and 2023: 25,544,229) | 199 | 255 |
| Additional paid-in capital | 1,172,331 | 1,249,817 |
| Accumulated other comprehensive loss | (4,441) | (4,441) |
| Retained earnings | 1,144,722 | 801,373 |
| Total shareholders’ equity | 2,313,626 | 2,047,850 |
| Total liabilities, non-controlling interest, and shareholders’ equity | $7,826,547 | $6,671,355 |
See accompanying notes to the unaudited condensed consolidated financial statements.
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