Hamilton Insurance (HG) Operating Expenses (2022 - 2026)

Hamilton Insurance (HG) recorded quarterly Operating Expenses of $539.6 million in Q1 2026, little changed quarter-over-quarter from $538.6 million in Q4 2025, and down 7.66% on a YoY basis from $584.3 million in Q1 2025.

Hamilton Insurance (HG) Operating Expenses (2022 - 2026) Analysis & Trends

Hamilton Insurance's Operating Expenses history runs 5 years deep, the most recent figure standing at $539.6 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 7.66% year-over-year to $539.6 million; the TTM figure through Mar 2026 stood at $2.0 billion (up 6.48% YoY), while the FY2025 annual figure was $2.1 billion, up 21.79% from the prior year.
  • Operating Expenses was $539.6 million for Q1 2026 at Hamilton Insurance, roughly flat from $538.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $584.3 million in Q1 2025 to a low of $267.8 million in Q1 2023.
  • Historically, Operating Expenses has averaged $422.2 million across 5 years, with a median of $393.8 million in 2023.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses decreased 9.57% in 2023, then surged 53.47% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $311.6 million in 2022, then rose by 26.36% to $393.8 million in 2023, then rose by 25.4% to $493.8 million in 2024, then increased by 9.08% to $538.6 million in 2025, then gained by 0.17% to $539.6 million in 2026.
  • The last three Operating Expenses figures came in at $539.6 million (Q1 2026), $538.6 million (Q4 2025), and $487.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Reinsurance Group Of America 13.65 Bn 4.66 Bn -26.00 Mn 6.05 Bn
2 Everest 13.51 Bn -33.73 Bn 2.75 Bn 3.33 Bn
3 Renaissancere Holdings 12.72 Bn 14.32 Bn 1.21 Bn 1.65 Bn
4 Hamilton Insurance 3.17 Bn 2.36 Bn - 539.55 Mn
5 SiriusPoint 2.73 Bn 1.85 Bn 567.70 Mn 653.10 Mn
6 Greenlight Capital Re 540.25 Mn 465.17 Mn 62.99 Mn 153.80 Mn
7 Kestrel 91.87 Mn 65.07 Mn 7.94 Mn 11.74 Mn
8 Oxbridge Re Holdings 7.74 Mn 6.93 Mn - 583,000.00
9 Reinsurance Group Of America - - -26.00 Mn 6.05 Bn
10 Oxbridge Re Holdings - - - 583,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 539.55 Mn
Dec 31, 2025 538.65 Mn
Sep 30, 2025 487.36 Mn
Jun 30, 2025 470.30 Mn
Mar 31, 2025 584.31 Mn
Dec 31, 2024 493.80 Mn
Sep 30, 2024 448.78 Mn
Jun 30, 2024 385.06 Mn
Mar 31, 2024 380.72 Mn
Dec 31, 2023 393.79 Mn
Sep 30, 2023 341.23 Mn
Jun 30, 2023 313.00 Mn
Mar 31, 2023 267.81 Mn
Dec 31, 2022 311.63 Mn
Sep 30, 2022 377.32 Mn