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Hamilton Insurance Group (HG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Hamilton Insurance Group (HG) Q3 2026 earnings results →
Q3 2026 Revenue up 24% year over year to $828M · 28¢ of every $1 of revenue kept as net profit · operating margin 27.4%
Hamilton Insurance Group made $828M in Q3 2026 (+24% Y/Y). Operating margin 27.4%, net earnings $228M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $828.0M in Q3 2026, up 24% year over year and down 1% from the previous quarter.
Operating profit was $226.8M, a 27.4% margin (up 0.4 points year over year). Of the extra revenue versus Q3 2025, 29% reached operating profit, above the 27% margin then. Total costs grew 23% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $228.2M, up 29% year over year. The effective tax rate was -0.6%.
Operating cash flow was $267.2M (down 10% year over year), 117% of net earnings. Non-cash charges added back $4.1M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items added $28.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $828M | +24% | 27.4% | $228M | $267M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $840M | +13% | 30.6% | $255M | $125M |
| Q1 2026 | 10-Q | May 6, 2026 | $759M | -1% | 28.9% | $217M | $101M |
| Q4 2025 | 10-K | Feb 25, 2026 | $728M | +28% | 26.0% | $215M | $293M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $668M | +30% | 27.0% | $176M | $296M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $741M | +26% | 36.5% | $268M | $218M |
| Q1 2025 | 10-Q | May 8, 2025 | $769M | +17% | 24.0% | $181M | $34.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Hamilton Insurance Group
Hamilton is a Bermuda-headquartered specialty insurance and reinsurance company that underwrites risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world.
In its own words, from its 8-K, filed Aug 6, 2026.
Hamilton Insurance Group against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +24% against the peers' median +3%. Operating margin: 27.4% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HG Hamilton Insurance Group | Q3 2026 | $828M | +24% | 27.4% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
Source: Hamilton Insurance Group 10-Q on SEC EDGAR · CIK 1593275 · Fire, Marine & Casualty Insurance
Guidance and outlook
More on HG
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results