Filing Flows › Hamilton Insurance Group (HG) › Q2 2025
Hamilton Insurance Group (HG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Hamilton Insurance Group (HG) reported revenue of $741M for the second quarter 2025 (Q2 2025), +26% from a year earlier and -4% from the quarter before. Operating margin was 36.5%, net earnings $268M (36.1% of revenue).
Hamilton Insurance Group, Q2 2025: revenue $741M (+26% year over year), operating margin 36.5%, net earnings $268M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $741M | -4% | +26% |
| Operating profit | $270M | +47% | +33% |
| Net earnings | $268M | +48% | +34% |
| Operating cash flow | $218M | +526% | +40% |
What changed
Revenue was $740.8M in Q2 2025, up 26% year over year and down 4% from the previous quarter.
Operating profit was $270.5M, a 36.5% margin (up 2.0 points year over year). Of the extra revenue versus a year earlier, 44% reached operating profit, above the 35% margin then. Total costs grew 22% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $267.8M, up 34% year over year. The effective tax rate was 1.0%.
Operating cash flow was $218.4M (up 40% year over year), 82% of net earnings. Non-cash charges added back $4.3M of depreciation and amortization and $6.8M of share-based compensation. Working capital and other items used $60.5M.
Questions
What was Hamilton Insurance Group's revenue in the second quarter 2025?
Hamilton Insurance Group (HG) reported revenue of $741M for the second quarter 2025 (Q2 2025), +26% from a year earlier and -4% from the quarter before.
Was Hamilton Insurance Group profitable in the second quarter 2025?
Operating profit was $270M (36.5% of revenue) and net earnings $268M.