Hamilton Insurance Group, Ltd. · NYSE:HG
Hamilton Insurance — Q2 2026 Earnings Presentation
22 slides from Hamilton Insurance's earnings presentation, Aug 6, 2026
Slide 1: Supplementary Financial Information June 30, 2026
Hamilton Insurance Group, Ltd. Supplementary Financial Information June 30, 2026 Investor Contact Investor.Relations@hamiltongroup.com
Slide 2: Table of Contents
Hamilton Insurance Group, Ltd. Table of Contents Page I. Basis of Presentation ......................................................................................................................................................................................................... 1 II. Financial Hig
Slide 3: Basis of Presentation
1 Basis of Presentation All financial information contained herein is unaudited, however, certain information relating to the consolidated balance sheet at the most recent year end is derived from or agrees to audited financial information. Unless otherwise noted, all data is in thousands, except fo
Slide 4: Special Note Regarding Forward-Looking Statements (continued)
2 Basis of Presentation Special Note Regarding Forward-Looking Statements (continued) • our limited financial and operational flexibility due to covenants and other restrictions in our existing or future credit facilities and debt arrangements; • our exposure to the credit risk of insurance and rein
Slide 5: Special Note Regarding Forward-Looking Statements (continued)
3 Basis of Presentation Special Note Regarding Forward-Looking Statements (continued) • the risk that anti-takeover provisions in our Bye-laws or Bermuda law could discourage, delay or prevent a change in control, even if beneficial to shareholders; and • difficulties investors may face in enforcing
Slide 6: Financial Highlights
4 Financial Highlights Three Months Ended June 30, Six Months Ended June 30, Year Ended ($ in thousands) 2026 2025 2026 2025 2025 Net income (loss) attributable to common shareholders ........................................................ $ 143,782 $ 187,415 $ 277,320 $ 268,288 $ 576,670 Operating
Slide 7: Key Operating and Financial Metrics
5 Three Months Ended June 30, Six Months Ended June 30, Year Ended ($ in thousands, except per share amounts) 2026 2025 2026 2025 2025 Income (loss) per share attributable to common shareholders - basic ................................ $ 1.45 $ 1.85 $ 2.79 $ 2.64 $ 5.75 Income (loss) per share attri
Slide 8: Statements of Operations
6 Three Months Ended June 30, Six Months Ended June 30, Year Ended ($ in thousands, except per share amounts) 2026 2025 2026 2025 2025 Revenues Gross premiums written ............................................................................................................... $ 831,041 $ 712,026 $
Slide 9: Consolidated Balance Sheets
7 June 30, March 31, December 31, September 30, June 30, ($ in thousands, except share information) 2026 2026 2025 2025 2025 Assets Fixed maturity investments, at fair value (amortized cost June 30, 2026: $3,133,507) ................................................. $ 3,114,054 $ 3,016,314 $ 3,238,5
Slide 10: Reconciliation of Consolidated GAAP Balance Sheet to Unconsolidated Balance Sheet
8 June 30, 2026 ($ in thousands) Consolidated GAAP Balance Sheet Two Sigma Hamilton Fund Balances Unconsolidated Balance Sheet(1) Assets Fixed maturity investments, at fair value .........................................................................................................................
Slide 11: Net Investment Return
9 Three Months Ended June 30, Six Months Ended June 30, Year Ended ($ in thousands) 2026 2025 2026 2025 2025 Net realized gains (losses) on investments ........................................................................ $ 232,135 $ 196,129 $ 387,751 $ 314,787 $ 517,147 Fixed maturities and shor
Slide 12: Fixed Maturity and Short-Term Investments
10 June 30, 2026 December 31, 2025 ($ in thousands) Fair Value % of Total Weighted Average Credit Rating Fair Value % of Total Weighted Average Credit RatingFixed Maturity Trading Portfolio and Short-Term Investments(1) Fixed maturities U.S. government treasuries ....................................
Slide 13: Consolidated Underwriting Results - Three Months
11 Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 ($ in thousands) International Bermuda Total International Bermuda Total Gross premiums written ........................................................................ $ 420,073 $ 410,968 $ 831,041 $ 344,799 $ 367,227 $ 712,026 Ne
Slide 14: Consolidated Underwriting Results - Six Months
12 Six Months Ended June 30, 2026 Six Months Ended June 30, 2025 ($ in thousands) International Bermuda Total International Bermuda Total Gross premiums written ......................................................................... $ 862,982 $ 908,170 $ 1,771,152 $ 714,757 $ 840,575 $ 1,555,332 N
Slide 15: 5Q Consolidated Underwriting Results - Group
13 Three Months Ended Six Months Ended Year Ended June 30, March 31, December 31, September 30, June 30, June 30, June 30, December 31, ($ in thousands) 2026 2026 2025 2025 2025 2026 2025 2025 Gross premiums written ............................................. $ 831,041 $ 940,110 $ 668,968 $ 698,84
Slide 16: 5Q Underwriting Results - International
14 Three Months Ended Six Months Ended Year Ended June 30, March 31, December 31, September 30, June 30, June 30, June 30, December 31, ($ in thousands) 2026 2026 2025 2025 2025 2026 2025 2025 Gross premiums written ............................................. $ 420,073 $ 442,908 $ 422,345 $ 379,95
Slide 17: 5Q Underwriting Results - Bermuda
15 Three Months Ended Six Months Ended Year Ended June 30, March 31, December 31, September 30, June 30, June 30, June 30, December 31, ($ in thousands) 2026 2026 2025 2025 2025 2026 2025 2025 Gross premiums written ............................................. $ 410,968 $ 497,202 $ 246,623 $ 318,88
Slide 18: Peak Natural Catastrophe PML
16 Region Peril Probability of Exceedance Group Net PML ($m)(1) % of Shareholders' Equity Florida U.S. Hurricane 1 in 100 $ 215.2 7.5 % Northeast U.S. Hurricane 1 in 100 211.5 7.4 % Gulf (TX - AL) U.S. Hurricane 1 in 100 190.5 6.7 % California Earthquake 1 in 250 299.2 10.5 % Pacific Northwest Earth
Slide 19: Other Information: Non-GAAP Measures
17 Other Information Non-GAAP Measures We present our results of operations in a way that we believe will be the most meaningful and useful to investors, analysts, rating agencies and others who use our financial information to evaluate our performance. Some of the measurements that management uses
Slide 20: Return on Average Common Shareholders' Equity Reconciliation
18 Return on average common shareholders' equity - annualized ............................................... 20.6 % 30.2 % 19.6 % 22.0 % 22.4 % Adjustment for: Net realized (gains) losses on investments - Fixed maturity and short-term investments(1) .................................................
Slide 21: Underwriting Income (Loss)
19 Underwriting Income (Loss) We calculate underwriting income (loss) on a pre-tax basis as net premiums earned less losses and loss adjustment expenses, acquisition costs and other underwriting expenses (net of third party fee income). We believe that this measure of our performance focuses on the
Slide 22: Other Underwriting Expenses and General and Administrative Expenses
20 Three Months Ended June 30, Six Months Ended June 30, Year Ended ($ in thousands) 2026 2025 2026 2025 2025 Other underwriting expenses ......................................................................................................... $ 53,887 $ 55,975 $ 104,279 $ 105,709 $ 221,743 Corporat
Hamilton Insurance Group — Q2 2026 Earnings Presentation on 6ix