Hamilton Insurance Group, Ltd. (HG) Key Metrics
HG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.57B
- Enterprise value
- $2.73B
- P/E (TTM)
- 6.3 10-yr median 4.9
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 1.2 10-yr median 1.0
- Price / book
- 1.2 10-yr median 0.8
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 0.47
HG key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHG valuation Price multiples at each fiscal year-end price.
HG returns How much profit the business earns on the capital it uses.
HG per-share figures Results divided by the shares outstanding at year-end.
HG financial health Debt, liquidity and how easily interest is covered.
HG efficiency & capital use Working capital cycle and where the cash goes.
HG valuation history
HG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HG cash returned to shareholders
HG price vs earnings per share
HG key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $2.83B | $1.93B | $1.59B | — | — | — |
| Enterprise value | $1.72B | $587.3M | −$1.32B | — | — | — |
| P/E ratio | 4.9 | 4.8 | 6.1 | — | — | — |
| Price / sales | 1.0 | 0.8 | 1.0 | — | — | — |
| Price / book | 1.0 | 0.8 | 0.8 | — | — | — |
| Price / free cash flow | 3.4 | 2.5 | 5.6 | — | — | — |
| Price / operating cash flow | 3.4 | 2.5 | 5.6 | — | — | — |
| EV / sales | 0.6 | 0.2 | -0.8 | — | — | — |
| EV / EBITDA | 2.0 | 0.9 | — | — | — | — |
| EV / free cash flow | 2.0 | 0.8 | — | — | — | — |
| Earnings yield | 20.4% | 20.7% | 16.3% | — | — | — |
| Free cash flow yield | 29.8% | 39.3% | 17.9% | — | — | — |
| Shareholder yield (dividends + buybacks) | 4.0% | 7.8% | 0.2% | — | — | — |
| Share price at fiscal year-end | $27.90 | $19.03 | $14.95 | — | — | — |
| Per share | ||||||
| Revenue per share | $27.03 | $23.45 | $15.26 | $11.71 | $13.03 | $7.21 |
| Earnings per share | $5.68 | $3.95 | $2.44 | −$0.89 | $1.83 | −$2.05 |
| Operating cash flow per share | $8.30 | $7.48 | $2.67 | $1.74 | $2.21 | $0.03 |
| Free cash flow per share | $8.30 | $7.48 | $2.67 | $1.74 | $2.21 | $0.03 |
| Cash per share | $12.45 | $14.72 | $28.81 | $9.79 | $14.06 | — |
| Book value per share | $27.81 | $22.95 | $19.31 | $15.13 | $17.43 | — |
| Tangible book value per share | $24.42 | $22.03 | $16.98 | $14.34 | $16.29 | — |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $0.00 |
| Debt per share | $1.48 | $1.48 | $1.41 | $1.36 | $1.46 | — |
| Shares outstanding | 101.5M | 101.5M | 106.0M | 110.0M | 102.6M | 102.6M |
| Change in shares outstanding | 0.0% | −4.3% | −3.6% | +7.2% | +0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 22.4% | 18.3% | 13.9% | −5.7% | 10.5% | — |
| Return on invested capital (ROIC) | 61.2% | 957.5% | — | −3.4% | 50.4% | — |
| Return on assets (ROA) | 6.6% | 5.5% | 4.1% | −1.7% | 3.4% | — |
| Return on tangible assets | 6.2% | 5.2% | 4.0% | −1.7% | 3.4% | — |
| Free cash flow margin | 30.7% | 31.9% | 17.5% | 14.8% | 17.0% | 0.4% |
| Income quality (OCF / net income) | 1.46 | 1.90 | 1.09 | — | 1.20 | — |
| Financial health | ||||||
| Total debt | $149.7M | $149.9M | $149.8M | $149.7M | $149.9M | — |
| Cash & short-term investments | $1.26B | $1.49B | $3.05B | $1.08B | $1.44B | — |
| Net debt | −$1.11B | −$1.34B | −$2.90B | −$926.7M | −$1.29B | — |
| Debt / equity | 0.05 | 0.06 | 0.07 | 0.09 | 0.08 | — |
| Debt / assets | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | — |
| Net debt / EBITDA | −1.29 | −2.03 | −10.05 | −237.37 | −4.44 | — |
| Current ratio | 0.63 | 8.65 | 1.20 | 7.50 | 5.08 | — |
| Quick ratio | 0.63 | 8.65 | 1.82 | 12.46 | 5.08 | — |
| Interest coverage | 40.9 | 27.5 | 11.9 | -1.7 | 17.6 | -9.2 |
| Working capital | −$2.46B | $3.42B | $888.8M | $2.49B | $2.03B | — |
| Invested capital | $1.71B | $985.1M | −$857.0M | $737.5M | $495.7M | — |
| Tangible asset value | $2.48B | $2.24B | $1.80B | $1.58B | $1.67B | — |
| Net current asset value | −$2.61B | −$1.60B | $739.0M | −$1.29B | −$1.30B | — |
| Graham number | $59.64 | $45.14 | $32.56 | — | $26.82 | — |
| Graham net-net per share | −$35.83 | −$23.26 | −$13.81 | −$24.38 | −$10.62 | — |
| Capital allocation | ||||||
| Share buybacks (net) | $112.5M | $150.3M | $2.4M | $1.5M | $7.4M | $3.9M |
| Dividends + buybacks / free cash flow | 13.4% | 19.8% | 0.9% | 0.8% | 3.3% | 144.0% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 11.5% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 0.0% | 67.7% | 0.0% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 11.04 | 0.00 |
| Stock-based compensation / revenue | 1.1% | 1.3% | 2.7% | 0.8% | 0.7% | 1.0% |
| SG&A / revenue | 10.2% | 2.6% | 4.7% | 1.6% | 1.7% | 3.1% |
| Efficiency | ||||||
| Days sales outstanding | 307.3 | 319.0 | 428.4 | 498.2 | 470.9 | — |
| Days of inventory on hand | — | — | -800.4 | -637.9 | — | — |
| Days payables outstanding | 133.5 | 114.2 | 143.4 | 147.9 | 196.9 | — |
| Cash conversion cycle (days) | 173.8 | 204.8 | -515.4 | -287.5 | 274.0 | — |
| Receivables turnover | 1.19 | 1.14 | 0.85 | 0.73 | 0.78 | — |
| Payables turnover | 2.73 | 3.20 | 2.54 | 2.47 | 1.85 | — |
| Asset turnover | 0.32 | 0.33 | 0.26 | 0.23 | 0.24 | — |
| Average receivables | $2.31B | $2.08B | $1.90B | $1.76B | $1.72B | — |
| Average payables | $460.2M | $452.9M | $420.8M | $439.2M | $496.0M | — |
| Average inventory | — | — | −$2.35B | −$1.89B | — | — |
| Intangibles / total assets | 3.6% | 1.2% | 3.7% | 1.5% | 2.1% | — |
Computed from HG's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Hamilton Insurance traded at 4.9 times earnings, against a 6-year median of 4.9. Based on the latest twelve months, the trailing P/E is 6.3. Hamilton Insurance earned a return on equity of 22.4% and a return on invested capital of 61.2% in fiscal 2025. It ended the year with $149.7 million of debt and $1.3 billion in cash and short-term investments, a net cash position of $1.1 billion. It returned $112.5 million to shareholders: $0 in dividends and $112.5 million in share buybacks, 13% of free cash flow.
See the HG income statement, the HG chart for price history, or the HG stock overview for the latest quote and news.
HG key metrics FAQ
What is Hamilton Insurance's P/E ratio?
Hamilton Insurance's trailing P/E ratio is 6.3 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 4.9, compared with a 6-year median of 4.9.
What is Hamilton Insurance's EV/EBITDA?
Hamilton Insurance's enterprise value was 2.0 times EBITDA at the end of fiscal 2025 (enterprise value $1.7 billion, EBITDA $861.0 million).
What is Hamilton Insurance's return on equity?
Hamilton Insurance's return on equity (ROE) was 22.4% in fiscal 2025: net income of $576.7 million on average shareholders' equity of $2.6 billion.
What is Hamilton Insurance's ROIC?
Hamilton Insurance's return on invested capital was 61.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Hamilton Insurance have?
Hamilton Insurance had total debt of $149.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.05 and more cash than debt.
Does Hamilton Insurance buy back its shares?
Yes. Hamilton Insurance spent $112.5 million on net share repurchases in fiscal 2025 Shares outstanding changed 0.0% over the year, to 101.5M..
What is Hamilton Insurance's free cash flow yield?
Hamilton Insurance generated $842.4 million of free cash flow in fiscal 2025, a free cash flow yield of 29.8% on its market value at year-end ($2.8 billion).
What is Hamilton Insurance's current ratio?
Hamilton Insurance's current ratio was 0.63 at the end of fiscal 2025: current assets were 0.63 times current liabilities.