Hamilton Insurance Group, Ltd.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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.
Mar 31, 2025 · Filed May 8, 2025
HG$38.82+3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
| ($ in thousands, except share information) | March 31,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Fixed maturity investments, at fair value (amortized cost 2025: $2,436,656; 2024: $2,422,917) | $2,425,986 | $2,377,862 |
| Short-term investments, at fair value (amortized cost 2025: $404,946; 2024: $495,630) | 406,207 | 497,110 |
| Investments in Two Sigma Funds, at fair value (cost 2025: $1,111,708; 2024: $805,623) | 1,341,079 | 939,381 |
| Total investments | 4,173,272 | 3,814,353 |
| Cash and cash equivalents | 838,514 | 996,493 |
| Restricted cash and cash equivalents | 74,548 | 104,359 |
| Premiums receivable | 989,656 | 771,707 |
| Paid losses recoverable | 91,701 | 134,406 |
| Deferred acquisition costs | 242,346 | 208,985 |
| Unpaid losses and loss adjustment expenses recoverable | 1,235,045 | 1,171,040 |
| Receivables for investments sold | 46,358 | 74,006 |
| Prepaid reinsurance | 329,213 | 218,921 |
| Intangible assets | 91,184 | 93,121 |
| Other assets | 230,994 | 208,642 |
| Total assets | $8,342,831 | $7,796,033 |
| Liabilities, non-controlling interest, and shareholders’ equity | ||
| Liabilities | ||
| Reserve for losses and loss adjustment expenses | $3,815,307 | $3,532,491 |
| Unearned premiums | 1,337,516 | 1,122,277 |
| Reinsurance balances payable | 346,240 | 261,275 |
| Payables for investments purchased | 46,925 | 115,427 |
| Term loan, net of issuance costs | 149,974 | 149,945 |
| Accounts payable and accrued expenses | 137,667 | 185,361 |
| Payables to related parties | 70,709 | 100,420 |
| Total liabilities | 5,904,338 | 5,467,196 |
| Non-controlling interest – TS Hamilton Fund | 39,154 | 128 |
| Shareholders’ equity | ||
| Common shares: | ||
| Class A, authorized (2025 and 2024: 26,944,807), par value $0.01; issued and outstanding (2025 and 2024: 17,820,078) | 178 | 178 |
| Class B, authorized (2025: 81,705,911 and 2024: 80,205,911), par value $0.01; issued and outstanding (2025: 66,015,693 and 2024: 64,271,249) | 660 | 643 |
| Class C, authorized (2025: 17,875,670 and 2024: 19,375,670), par value $0.01; issued and outstanding (2025: 17,875,670 and 2024: 19,375,670) | 179 | 194 |
| Additional paid-in capital | 1,160,569 | 1,163,609 |
| Accumulated other comprehensive loss | (4,441) | (4,441) |
| Retained earnings | 1,242,194 | 1,168,526 |
| Total shareholders’ equity | 2,399,339 | 2,328,709 |
| Total liabilities, non-controlling interest, and shareholders’ equity | $8,342,831 | $7,796,033 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.