HG vs RNR: Hamilton Insurance Group and Renaissancere Holdings compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Renaissancere Holdings is the larger company, worth $14.7B, about 4.0 times Hamilton Insurance Group.
- Hamilton Insurance Group grew revenue faster over the last year (+13.3% vs -13.7%).
- Renaissancere Holdings keeps more of each dollar of revenue as operating profit (96.2% vs 28.3%).
- On earnings, Renaissancere Holdings is the cheaper stock (5.8x vs 6.0x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | HG | RNR |
|---|---|---|
| Market cap | $3.6B | $14.7B |
| Share price | $34.52 | $331.38 |
| Revenue (last fiscal year) | $2.9B | $12.8B |
| Free cash flow (last fiscal year) | — | — |
| Revenue growth, last year | +13.3% | -13.7% |
| Revenue growth per year, last 5 fiscal years | +21.5% | +24.9% |
| Operating margin | 28.3% | 96.2% |
| Net margin | 28.8% | 23.6% |
| Return on equity | 30.3% | 22.3% |
| P/E (trailing) | 6.02x | 5.82x |
| Price / free cash flow | 4.32x | 3.99x |
| EV / EBITDA | 3.34x | 3.62x |
| FCF growth the price implies | — | — |
| Dividend yield | — | 0.47% |
| Debt / equity | 2.57x | 3.05x |
| Fundamental grade | C | C |
| Superinvestors holding it | 2 | 0 |
| Insider purchases, last 12 months | 1 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Hamilton Insurance Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.3B | — | 19.7% |
| 2022 | $1.2B | — | -2.2% |
| 2023 | $1.6B | — | 16.2% |
| 2024 | $2.3B | — | 26.7% |
| 2025 | $2.9B | — | 28.4% |
Renaissancere Holdings
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.3B | — | 96.0% |
| 2022 | $5.1B | — | 94.5% |
| 2023 | $9.1B | — | 95.9% |
| 2024 | $11.7B | — | 95.8% |
| 2025 | $12.8B | — | 96.4% |
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open HG in InvestinglyQuestions
Which is bigger, Hamilton Insurance Group or Renaissancere Holdings?
Renaissancere Holdings (RNR), at $14.7B against $3.6B.
Is HG or RNR cheaper?
By trailing P/E, Renaissancere Holdings (5.82x) is cheaper than Hamilton Insurance Group (6.02x). A lower multiple can also mean the market expects less growth.
Which grows faster, HG or RNR?
Hamilton Insurance Group: revenue grew +13.3% over the last year, against -13.7%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.