| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | 625,476 | 449,053 |
| Depreciation and amortization | 12,997 | 8,660 |
| Share compensation expense | 21,140 | 13,482 |
| Net realized (gains) losses on investments | 424,142 | 314,787 |
| Change in net unrealized (gains) losses on investments | 147,822 | 142,041 |
| Other items | 26,695 | 26,617 |
| Premiums receivable | 240,293 | 276,873 |
| Paid losses recoverable | -18,559 | -2,573 |
| Deferred acquisition costs | 50,275 | 44,417 |
| Prepaid reinsurance | 115,104 | 141,969 |
| Unpaid losses and loss adjustment expenses recoverable | 132,793 | 65,620 |
| Other assets | 8,767 | 14,255 |
| Reserve for losses and loss adjustment expenses | 673,586 | 451,790 |
| Unearned premiums | 321,183 | 292,067 |
| Reinsurance balances payable | 111,436 | 155,976 |
| Accounts payable and accrued expenses and other | -89,561 | -93,710 |
| Net cash provided by (used in) operating activities | 548,925 | 253,312 |
| Proceeds from redemptions from two sigma funds | 2,178,016 | 1,449,027 |
| Contributions to two sigma funds | 2,258,072 | 1,582,403 |
| Purchases of fixed maturity investments | 1,775,109 | 1,084,680 |
| Proceeds from sales, redemptions and maturity of fixed maturity investments | 1,212,284 | 832,969 |
| Purchases of short-term investments | 900,482 | 658,568 |
| Proceeds from sales of short-term investments | 1,165,087 | 860,370 |
| Change in receivables for investments sold | 28,824 | 35,735 |
| Change in payables for investments purchased | -13,414 | 12,102 |
| Other | 8,513 | 5,378 |
| Net cash provided by (used in) investing activities | -371,379 | -140,826 |
| Issuance of common shares | 11 | 11 |
| Repurchases of common shares | 92,341 | 51,887 |
| Contribution of additional paid-in capital | -12 | -12 |
| Term loan, net of issuance costs | 311 | 311 |
| Withdrawal of non-controlling interest | 139,939 | 111,601 |
| Net cash provided by (used in) financing activities | -232,592 | -163,800 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | 19,411 | 21,759 |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | -35,635 | -29,555 |
| Cash and cash equivalents at beginning of period | 1,100,852 | - |
| Cash and cash equivalents at end of period | 1,065,217 | - |
Hamilton Insurance Group, Ltd. (HG)
Hamilton Insurance Group, Ltd. (HG)