Hamilton Insurance Group Ltd

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About this filing

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.

FY2024 · Filed Feb 27, 2025

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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Contents

Condensed Financial Information of Registrant

CONDENSED FINANCIAL INFORMATION OF REGISTRANT(1)

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

($ in thousands)	December 31, 2024	December 31, 2023
Assets
Cash and cash equivalents	$13,624	$24,898
Investment in subsidiaries	2,358,386	2,077,926
Intercompany loan receivable	113,423	113,423
Interest receivable on intercompany loan	5,555	5,555
Other assets	5,036	4,821
Total assets	$2,496,024	$2,226,623
Liabilities and Shareholders' Equity
Liabilities
Due to subsidiaries	$11,785	$25,201
Term loan payable	149,945	149,830
Accounts payable and accrued liabilities	5,585	3,742
Total liabilities	167,315	178,773
Shareholders' Equity
Common shares
Class A	178	286
Class B	643	560
Class C	194	255
Additional paid-in capital	1,163,609	1,249,817
Accumulated other comprehensive loss	(4,441)	(4,441)
Retained earnings	1,168,526	801,373
Total shareholders' equity	2,328,709	2,047,850
Total liabilities and shareholders' equity	$2,496,024	$2,226,623

CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED(1)

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

	Years Ended December 31,
($ in thousands)	2024	2023	2022
Revenues
Intercompany loan interest	$7,393	$7,296	$6,784
Net foreign exchange gains (losses)	8	24	(131)
Other income (loss)	633	626	65
Total revenues	8,034	7,946	6,718
Expenses
General and administrative expenses	55,011	52,280	20,524
Interest expense	16,352	15,500	9,858
Total expenses	71,363	67,780	30,382
Net income (loss) before equity in earnings of subsidiaries	(63,329)	(59,834)	(23,664)
Equity in earnings of subsidiaries	266,261	274,538	(211,335)
Dividend income	197,497	44,023	137,000
Net income (loss) attributable to common shareholders	$400,429	$258,727	$(97,999)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED(1)

CONDENSED STATEMENTS OF CASH FLOWS

	Years Ended December 31,
($ in thousands)	2024	2023	2022
Cash flows provided by (used in) operating activities
Net income (loss) attributable to common shareholders	$400,429	$258,727	$(97,999)
Less: dividend income and equity in earnings of subsidiaries	(463,758)	(318,561)	74,335
Net income (loss) before equity in earnings of subsidiaries	(63,329)	(59,834)	(23,664)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Other operating inflows (outflows)	18,927	63,035	7,033
Net cash provided by (used) in operating activities	(44,402)	3,201	(16,631)
Cash flows provided by (used in) investing activities
Other investing inflows (outflows)	(216)	(146)	(706)
Dividends from subsidiaries	197,497	44,023	137,000
Capital contributions to subsidiaries	(14,199)	(113,350)	(118,839)
Net cash provided by (used in) investing activities	183,082	(69,473)	17,455
Cash flows provided by (used in) financing activities
Other financing inflows (outflows)	—	—	(345)
Repurchase of common shares	(150,350)	(2,435)	(1,518)
Issuance of common shares	396	82,997	315
Net cash provided by (used in) financing activities	(149,954)	80,562	(1,548)
Net increase (decrease) in cash and cash equivalents	(11,274)	14,290	(724)
Cash and cash equivalents, beginning of period	24,898	10,608	11,332
Cash and cash equivalents, end of period	$13,624	$24,898	$10,608

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.