← Hamilton Insurance Group, Ltd.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||
| Cost of revenue | $405.6b | $482.5b | $470.6b | ($276k) | ($176k) | ($10.4m) | $924.8m | $1.2b | $1.7b | $2.2b | |
| Gross profit (derived) | $135.2b | $160.8b | $156.9b | $1.8m | $1.0m | $27.0m | $308.3m | $392.8m | $582.5m | $726.4m | |
| Total operating expenses | — | — | — | ($2.2m) | ($1.6m) | ($2.1m) | — | — | — | — | |
| Operating income (loss) | — | — | — | ($332k) | ($610k) | $24.9m | — | — | — | — | |
| Gross premiums written | — | — | — | — | — | $1.4b | $1.6b | $2.0b | $2.4b | $2.9b | |
| Reinsurance premiums ceded | — | — | — | — | — | ($361.1m) | ($424.8m) | ($470.6m) | ($501.4m) | ($635.6m) | |
| Net premiums written | — | — | — | — | — | $1.1b | $1.2b | $1.5b | $1.9b | $2.3b | |
| Net change in unearned premiums | — | — | — | — | — | ($142.9m) | ($78.2m) | ($161.9m) | ($186.4m) | ($177.8m) | |
| Net premiums earned | $426.2b | $506.9b | $532.0b | $560.3b | $604.7b | $942.5m | $1.1b | $1.3b | $1.7b | $2.1b | |
| Net realized and unrealized gains (losses) on investments | — | — | — | — | — | $352.2m | $86.4m | $209.4m | $511.4m | $687.1m | |
| Net investment income (loss) | — | — | — | — | — | ($43.2m) | ($21.5m) | $30.5m | $63.3m | $88.0m | |
| Other income (loss) | $6.5b | $7.5b | $8.1b | $8.2b | $9.4b | $21.0m | $11.3m | $18.6m | $23.8m | $26.6m | |
| Net foreign exchange gains (losses) | — | — | — | — | — | $6.4m | $6.1m | ($6.2m) | ($3.2m) | ($6.0m) | |
| Amortization of intangible assets | — | — | — | — | — | $13.4m | $12.8m | $10.8m | $15.5m | $15.7m | |
| Income (loss) before income tax | — | — | — | ($346k) | ($608k) | $262.2m | ($26.8m) | $255.2m | $621.6m | $824.9m | |
| Gross written premiums | $430.5b | $512.0b | $535.8b | $567.1b | $612.3b | $618.3b | $615.2b | — | — | — | |
| Less: premiums ceded to reinsurers | ($1.8b) | ($3.7b) | ($4.5b) | ($5.2b) | ($6.1b) | ($8.0b) | ($8.3b) | — | — | — | |
| Net written premiums | $428.7b | $508.3b | $531.3b | $561.8b | $606.2b | $610.3b | $606.9b | — | — | — | |
| Net change in unearned premium reserves | ($2.5b) | ($1.4b) | $700.0m | ($1.6b) | ($1.5b) | $939.0m | $905.0m | — | — | — | |
| Investment income | $109.1b | $122.7b | $125.2b | $139.9b | $154.5b | $178.4b | $186.6b | — | — | — | |
| Net realised gains on financial assets | $6.0b | $42.0m | ($19.6b) | $1.8b | $14.6b | $20.3b | $12.7b | — | — | — | |
| Net fair value gains through profit or loss | ($7.1b) | $6.2b | ($18.3b) | $19.3b | $21.9b | $4.9b | ($12.2b) | — | — | — | |
| Investment contract benefits | ($5.3b) | ($8.1b) | ($9.3b) | ($9.2b) | ($9.8b) | ($10.6b) | ($13.3b) | — | — | — | |
| Policyholder dividends resulting from participation in profits | ($15.9b) | ($21.9b) | ($19.6b) | ($22.4b) | ($28.3b) | ($26.5b) | ($20.7b) | — | — | — | |
| Statutory insurance fund contribution | ($1.0b) | ($1.1b) | ($1.1b) | ($1.2b) | ($1.2b) | ($1.3b) | ($1.3b) | — | — | — | |
| Net gains on investments of associates and joint ventures (Including: share of profit of associates and joint ventures of RMB3,628 million, 10,328 million, 8,336 million for 2022, 2021 and 2020) | — | $7.1b | $7.7b | $8.0b | $7.7b | $10.3b | $484.0m | — | — | — | |
| Profit before income tax | $23.8b | $41.7b | $13.9b | $59.8b | $54.4b | $50.3b | $24.0b | — | — | — | |
| Income tax | ($4.3b) | ($8.9b) | ($2.0b) | ($781.0m) | ($3.1b) | $1.9b | $9.5b | — | — | — | |
| Net profit | $19.6b | $32.8b | $11.9b | $59.0b | $51.3b | $52.3b | $33.5b | — | — | — | |
| Equity holders of the Company | $19.1b | $32.3b | $11.4b | $58.3b | $50.2b | $50.8b | $32.1b | — | — | — | |
| Non-controlling interests | $458.0m | $499.0m | $541.0m | $726.0m | $1.1b | $1.5b | $1.4b | — | — | — | |
| Fair value gains/(losses) on available-for-sale securities | ($44.5b) | ($15.0b) | ($24.6b) | $69.6b | $52.5b | $17.1b | ($83.7b) | — | — | — | |
| Amount transferred to net profit from other comprehensive income | ($6.0b) | ($42.0m) | $19.5b | ($4.6b) | ($14.4b) | ($21.7b) | ($11.4b) | — | — | — | |
| Portion of fair value changes on available-for-sale securities attributable to policyholders equity | $17.4b | $5.6b | ($32.0m) | ($19.5b) | ($4.0b) | ($1.8b) | $26.1b | — | — | — | |
| Share of other comprehensive income of associates and joint ventures under the equity method | ($864.0m) | $20.0m | $735.0m | $599.0m | $672.0m | $1.3b | ($3.1b) | — | — | — | |
| Exchange differences on translating foreign operations | $21.0m | ($865.0m) | $598.0m | $237.0m | ($986.0m) | ($398.0m) | $1.1b | — | — | — | |
| Income tax relating to components of other comprehensive income | $8.2b | $2.4b | $1.7b | ($11.3b) | ($8.5b) | $1.1b | $17.3b | — | — | — | |
| Other comprehensive income that may be reclassified to profit or loss in subsequent periods | ($25.8b) | ($7.9b) | ($2.0b) | $35.0b | $25.4b | ($4.5b) | ($53.6b) | — | — | — | |
| Other comprehensive income for the year, net of tax | ($25.8b) | ($7.9b) | ($2.0b) | $34.9b | $25.8b | ($4.5b) | ($55.2b) | — | — | — | |
| Including: share of profit of associates and joint ventures | $5.9b | $7.1b | $7.7b | $9.2b | $8.3b | $10.3b | — | — | — | — | |
| Other comprehensive income that will not be reclassified to profit or loss in subsequent periods | $0 | $0 | $0 | — | — | — | — | — | — | — | |
| Other income, net | — | — | — | ($13k) | $2k | $5k | — | — | — | — | |
| Foreign currency translation differences | — | — | — | $3k | ($59k) | $280k | — | — | — | — | |
| - Basic (in Shares) | — | — | — | $600.0m | $600.0m | $603.5m | — | — | — | — | |
| - Diluted (in Shares) | — | — | — | $700.0m | $700.0m | $703.5m | — | — | — | — | |
| Total net realized and unrealized gains (losses) on investments and net investment income (loss) | — | — | — | — | — | $309.0m | $64.9m | $239.9m | $574.7m | $775.1m | |
| Total comprehensive income for the year, net of tax | ($6.2b) | $24.8b | $9.9b | $93.9b | $77.1b | $47.7b | ($21.7b) | — | — | — | |
| Total comprehensive income (loss) for the year | — | — | — | ($349k) | ($687k) | $19.0m | — | — | — | — | |
| Net income (loss) | — | — | — | ($352k) | ($628k) | $249.8m | ($29.9m) | $280.3m | $613.2m | $840.0m | |
| Net income (loss) attributable to non-controlling interest | — | — | — | — | — | $61.7m | $68.1m | $21.6m | $212.7m | $263.4m | |
| Net income (loss) and other comprehensive income (loss) attributable to common shareholders | — | — | — | — | — | $188.2m | ($98.0m) | $258.7m | $400.4m | $576.7m | |
| Basic income (loss) per share attributable to common shareholders | — | — | — | ($0) | ($0) | $2 | ($1) | $2 | $4 | $6 | |
| Diluted income (loss) per share attributable to common shareholders | — | — | — | ($0) | ($0) | $2 | ($1) | $2 | $4 | $6 | |
| Basic and diluted earnings per share | $0.66 | $1.13 | $0.39 | $2.05 | $1.77 | $1.80 | $1.14 | $2.44 | $3.67 | $5.55 | |
| Losses and loss adjustment expenses | — | — | — | — | — | $640.6m | $758.3m | $714.6m | $1.0b | $1.3b | |
| Acquisition costs | — | — | — | — | — | $229.2m | $271.2m | $309.1m | $388.9m | $507.3m | |
| General and administrative expenses | — | — | — | — | — | $172.3m | $177.7m | $259.9m | $271.1m | $278.9m | |
| Interest expense | — | — | — | — | — | $14.9m | $15.7m | $21.4m | $22.6m | $20.2m | |
| Income tax expense (benefit) | — | — | — | ($6k) | ($20k) | $12.4m | $3.1m | ($25.1m) | $8.4m | ($15.1m) | |
| Insurance benefits and claims expenses - Life insurance death and other benefits | ($253.2b) | ($259.7b) | ($248.7b) | ($127.9b) | ($113.6b) | ($121.4b) | ($119.4b) | — | — | — | |
| Insurance benefits and claims expenses - Accident and health claims and claim adjustment expenses | ($27.3b) | ($33.8b) | ($40.6b) | ($50.8b) | ($52.4b) | ($55.0b) | ($51.3b) | — | — | — | |
| Insurance benefits and claims expenses - Increase in insurance contract liabilities | ($126.6b) | ($172.5b) | ($189.9b) | ($330.8b) | ($414.8b) | ($442.4b) | ($461.3b) | — | — | — | |
| Underwriting and policy acquisition costs | ($52.0b) | ($64.8b) | ($62.7b) | ($81.4b) | ($84.4b) | ($65.7b) | ($54.8b) | — | — | — | |
| Finance costs | ($4.8b) | ($4.6b) | ($4.1b) | ($4.3b) | ($3.7b) | ($5.6b) | ($4.9b) | — | — | — | |
| Administrative expenses | ($31.9b) | ($36.0b) | ($37.5b) | ($40.3b) | ($37.7b) | ($40.9b) | ($39.9b) | — | — | — | |
| Other expenses | ($4.9b) | ($6.4b) | ($7.6b) | ($9.6b) | ($12.3b) | ($15.6b) | ($14.0b) | — | — | — | |
| Selling and marketing expenses | — | — | — | ($200k) | ($108k) | ($586k) | — | — | — | — | |
| General and administrative expense | — | — | — | ($2.0m) | ($1.5m) | ($1.5m) | — | — | — | — | |
| Total expenses | — | — | — | — | — | $1.1b | $1.3b | $1.3b | $1.7b | $2.1b | |
| Total benefits, claims and expenses | ($522.8b) | ($608.8b) | ($621.2b) | ($677.7b) | ($758.3b) | ($784.9b) | ($780.8b) | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.