HGHamilton Insurance Group, Ltd.
Fire, Marine & Casualty Insurance
- Revenue
- $2.9B
- 25% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $3.5B
- Employees
- 600
- $5M revenue each
- Net debt / EBITDA
- —
- −$568M net debt
- AI in 10-K
- 3.8
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo13% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo100% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$5M · 86th pctBottom quartile of its SIC industry
- Quiet on AINo3.8 per 10K words · 76th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$3.5B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$6M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.6B | $2.3B | $2.9B | 25% |
| Operating cash flow | $227M | $191M | $283M | $759M | $842M | 11% |
| Stock-based comp | $9M | $11M | $44M | $30M | $29M | 3.7% |
| Buybacks | $7M | $2M | $2M | $150M | $113M | 25% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $3K · 1
- Open-market sells, 12 mo
- $6M · 9
- Net
- −$6M
Pay vs performance
No pay-versus-performance disclosure yet.