Hamilton Insurance Group Ltd
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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.
FY2024 · Filed Feb 27, 2025
HG$38.82+3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| ($ in thousands) | 2024 | 2023 | 2022 |
| Operating activities | |||
| Net income (loss) | $613,158 | $280,287 | $(29,935) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 16,466 | 12,410 | 14,994 |
| Share compensation expense | 30,384 | 44,378 | 10,784 |
| Net realized (gains) losses on investments | (468,068) | (84,513) | (258,653) |
| Change in net unrealized (gains) losses on investments | (43,339) | (125,097) | 165,305 |
| Impairment of goodwill | — | — | 24,082 |
| Other items | 3,831 | (6,529) | 12,494 |
| Change in: | |||
| Premiums receivable | (113,344) | (135,693) | (60,397) |
| Paid losses recoverable | 10,796 | (54,547) | (11,408) |
| Deferred acquisition costs | (52,090) | (41,748) | (16,323) |
| Prepaid reinsurance | (24,615) | (29,993) | (11,764) |
| Unpaid losses and loss adjustment expenses recoverable | (9,963) | 16,786 | (65,320) |
| Other assets | 1,158 | (42,669) | (41,894) |
| Reserve for losses and loss adjustment expenses | 502,454 | 173,762 | 440,784 |
| Unearned premiums | 211,055 | 193,034 | 96,733 |
| Reinsurance balances payable | (11,035) | 27,990 | (42,476) |
| Accounts payable and accrued expenses and other | 92,455 | 55,297 | (36,079) |
| Net cash provided by (used in) operating activities | 759,303 | 283,155 | 190,927 |
| Investing activities | |||
| Proceeds from redemptions from Two Sigma Funds | 2,874,348 | 2,591,705 | 2,592,289 |
| Contributions to Two Sigma Funds | (2,481,159) | (2,554,888) | (2,464,902) |
| Purchases of fixed maturity investments | (1,929,974) | (1,221,576) | (705,144) |
| Proceeds from sales, redemptions and maturity of fixed maturity investments | 1,381,128 | 688,978 | 420,702 |
| Purchases of short-term investments | (1,831,596) | (1,506,241) | (1,551,834) |
| Proceeds from sales of short-term investments | 1,804,670 | 1,389,409 | 1,843,007 |
| Change in receivables for investments sold | (31,587) | (42,048) | (345) |
| Change in payables for investments purchased | 48,821 | 18,511 | 12,920 |
| Other | (18,811) | (15,938) | (13,591) |
| Net cash provided by (used in) investing activities | (184,160) | (652,088) | 133,102 |
| Financing activities | |||
| Issuance of common shares | 26 | 73 | 7 |
| Repurchases of common shares | (150,350) | (2,435) | (1,518) |
| Contribution of additional paid-in capital | 370 | 82,924 | 308 |
| Term loan, net of issuance costs | — | — | (345) |
| Withdrawal of non-controlling interest | (212,734) | (21,546) | (68,069) |
| Net cash provided by (used in) financing activities | (362,688) | 59,016 | (69,617) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | (12,463) | 3,574 | (11,335) |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | 199,992 | (306,343) | 243,077 |
| Cash and cash equivalents and restricted cash and cash equivalents, beginning of period | 900,860 | 1,207,203 | 964,126 |
| Cash and cash equivalents and restricted cash and cash equivalents, end of period | $1,100,852 | $900,860 | $1,207,203 |
| Net income taxes paid | $10,662 | $4,211 | $9,971 |
| Interest paid | $22,419 | $21,608 | $15,655 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.