Hamilton Insurance Group, Ltd. (HG) Fair Value & Analysis
Financial Services · US · Market cap $3.4B · ISIN BMG427061046
What is Hamilton Insurance Group, Ltd. really worth?
Hamilton Insurance Group, Ltd.
HG · US
A solid business, trading 33% below our fair value of $54.04.
Strengths
Risks
Fair value as of: Aug 31, 2026
From 4 valuation models · updated 5 days ago
Share price +2.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case ($40.53). The market is more pessimistic than our downside scenario.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.
How to read this chart
34‑month range $11.63 – $37.28 · fair‑value band $40.53 – $67.55 · the $36.11 price screens below the $54.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.
Analysis
Hamilton Insurance Group, Ltd. (HG) currently trades at $36.11, while our model-based Fair Value estimate is $54.04, implying the stock looks roughly 33.2% undervalued today. The Quality Score stands at 71/100 (solid quality), in the Financial Services sector. Bull case: the Economic Profit group reads highest at a median of $48.07 per share, and 3 of the 4 models we run sit above the $36.11 price. Bear case: the Asset-Based group reads lowest at $18.63, and 1 of the 4 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Hamilton Insurance Group, Ltd. generated revenue of $2.9B at a net margin of 21.7%. Revenue declined 2.2% year over year. It earns a return on equity of 33.7%. The balance sheet holds a net cash position of $913M. Fundamentals as of Aug 31, 2026
Our scenario range runs from $40.53 (bear case) to $67.55 (bull case); at $36.11, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 89% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 55% fair-value upside, at 50%, HG screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $4.12 per share, which is 7.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 4 models by family
Widest divergence: Economic Profit ($48.07) versus Asset-Based ($18.63). Highest evidence: P/E Multiple (61).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 88
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Hamilton Insurance Group, Ltd., through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally. It operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms.
Full company description
Hamilton Insurance Group, Ltd., through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally. It operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial auto, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial risks, marine and energy, and multiline specialty. It also provides accident and health, cyber, energy, environmental, financial lines, fine art and specie, kidnap and ransom, mergers and acquisitions, marine and energy liability, political risk and violence, professional liability, property binders, property direct and facultative, professional lines, space, upstream energy, excess casualty, war and terrorism, allied medical, products liability and contractors, management liability, medical professionals, general liability, and small business casualty insurance plans, as well as surety and treaty reinsurance products. The company was incorporated in 2013 and is headquartered in Pembroke, Bermuda.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hamilton Insurance Group, Ltd. reported revenue of $2.7B in FY2025 versus $1.3B in FY2021, a compound +19.7%/yr. Reported net income was $577M in FY2025, compounding +32.3%/yr from FY2021.
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Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- How HydroGraph’s Growing Losses and New Equity Units Financing Will Impact HydroGraph Clean Power (CNSX:HG) Investors
- HydroGraph Clean Power (CNSX:HG) Earnings Put Its Valuation Back In Focus
- 5 Must-Read Analyst Questions From Hamilton Insurance Group’s Q2 Earnings Call
- HydroGraph Clean Power (CNSX:HG) Opens Texas Hub, Is The Valuation Already Fully Priced?
Peer Group
Insurance - Reinsurance · 29 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Insurance - Reinsurance median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 66/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Insurance - Reinsurance stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| MUV2 MUV2 | €518.00 | €460.14 | −11% |
| Swiss Re AG SREN | CHF 141.15 | CHF 137.55 | −3% |
| Hannover Rück SE HNR1 | €258.20 | €216.20 | −16% |
| Reinsurance Group RGA | $246.02 | $261.04 | +6% |
| Everest Group EG | $370.06 | $507.47 | +37% |
| RenaissanceRe Holdings RNR | $330.41 | $563.91 | +71% |
| SCOR SE SDRC | €34.14 | €66.75 | +96% |
| General Insurance Corporation GICRE | ₹355.85 | ₹594.47 | +67% |
| China Reinsurance (Group) Corporation 1508 | HK$1.22 | HK$2.43 | +100% |
| SiriusPoint Ltd SPNT | $23.98 | $37.12 | +55% |
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