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Hamilton Insurance Group (Hamilton Insurance Group) Claims Ratio % : 60.30% (As of Mar. 2024)


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What is Hamilton Insurance Group Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

Hamilton Insurance Group's Claims Ratio % for the quarter that ended in Mar. 2024 was 60.30% , which is higher than 53.30% for the pervious quarter ended in Dec. 2023.

Hamilton Insurance Group's Claims Ratio % for the annual that ended in Dec. 2023 was 54.20% , which is lower than 66.30% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Hamilton Insurance Group's Claims Ratio % or its related term are showing as below:

HG's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Hamilton Insurance Group Claims Ratio % Historical Data

The historical data trend for Hamilton Insurance Group's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hamilton Insurance Group Claims Ratio % Chart

Hamilton Insurance Group Annual Data
Trend Dec22 Dec23
Claims Ratio %
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Expense Ratio %
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Combined Ratio %
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Hamilton Insurance GroupQuarterly Data
Trend Jun23 Sep23 Dec23 Mar24
Claims Ratio %
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Expense Ratio %
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Combined Ratio %
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Competitive Comparison of Hamilton Insurance Group's Claims Ratio %

For the Insurance - Reinsurance subindustry, Hamilton Insurance Group's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hamilton Insurance Group  (NYSE:HG) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hamilton Insurance Group  (NYSE:HG) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Hamilton Insurance Group Claims Ratio % Related Terms

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Hamilton Insurance Group (Hamilton Insurance Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hamilton Insurance Group Ltd (NYSE:HG) » Definitions » Claims Ratio %
Comparable Companies
Traded in Other Exchanges
QN0:Germany
Address
90 Pitts Bay Road, Wellesley House North, 1st Floor, Pembroke, BMU, HM 08
Website
https://www.hamiltongroup.com
Hamilton Insurance Group Ltd is a Global specialty insurance and reinsurance company. It operates globally, with underwriting operations in Lloyd's, Ireland, Bermuda, and the United States. It operates three principal underwriting platforms (Hamilton Global Specialty, Hamilton Select and Hamilton Re) that are categorized into two reporting business segments (International and Bermuda).