Hamilton Insurance Group, Ltd. (HG) intrinsic value & 10-year financials
Hamilton Insurance Group, Ltd. (HG) has a Graham intrinsic value of $184.35 per share. At $36.21 on Oct 17, 2026, the stock trades 80% below that value. Over the last 6 fiscal years revenue grew 21.5% a year to $2.9B, with an average return on invested capital of 25.7%.
- Graham intrinsic value
- $184.35
- Share price (Oct 17, 2026)
- $36.21
- Price vs Graham value
- 80% below
- Market cap
- $3.8B
- Revenue (FY2025)
- $2.9B
- Revenue growth (6-yr CAGR)
- 21.5%
- ROIC (10-yr avg)
- 25.7%
- Free cash flow (FY2025)
- —
HG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.9B | $840.0M | $5.55 | — | — | 49.5% |
| FY2024 | $2.3B | $613.2M | $3.67 | — | — | 42.5% |
| FY2023 | $1.6B | $280.3M | $2.44 | — | — | 26.2% |
| FY2022 | $1.2B | -$29.9M | -$0.95 | — | — | -4.1% |
| FY2021 | $1.3B | $249.8M | $1.82 | — | — | 14.5% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Hamilton Insurance Group, Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Hamilton Insurance Group, Ltd. has earned high returns on invested capital, averaging 28.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Hamilton Insurance Group, Ltd. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Hamilton Insurance Group, Ltd. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $184.35 per share.