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| Date | Value |
|---|---|
| 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 |