FINANCIAL CONDITION REPORT For the Year Ended December 31, 2016 Table of Contents 3 BUSINESS AND PERFORMANCE 4 GOVERNANCE STRUCTURE 19 RISK PROFILE 23 SOLVENCY VALUATION 25 CAPITAL MANAGEMENT 28 SUBSEQUENT EVENTS 29 APPENDIX A - OWNERSHIP DETAILS 30 APPENDIX B - GROUP ORGANISATIONAL CHART 31 APPENDIX C - OVERVIEW OF INSURANCE BUSINESS WRITTEN 32 APPENDIX D - GROSS AND NET PREMIUM WRITTEN 33 APPENDIX E - GROSS PREMIUM WRITTEN BY GEOGRAPHIC REGION 34 APPENDIX F - PERFORMANCE OF INVESTMENTS BY ASSET CLASS 35 APPENDIX G - MATERIAL INCOME AND EXPENSES INCURRED 36 APPENDIX H - BOARD OF DIRECTORS OF HAMILTON INSURANCE GROUP, LTD. 38 APPENDIX I - OFFICERS OF HAMILTON INSURANCE GROUP, LTD. 39 APPENDIX J - BOARD OF DIRECTORS OF HAMILTON RE, LTD. 40 APPENDIX K - OFFICERS OF HAMILTON RE, LTD.: POSITIONS AND RESPONSIBILITIES 41 APPENDIX L - RECONCILIATION OF SHAREHOLDERS’ EQUITY TO AVAILABLE STATUTORY CAPITAL AND SURPLUS 42 APPENDIX M - DECLARATION Business and Performance a. Name of the insurance group and designated insurer Insurance Group: Hamilton Insurance Group, Ltd. Designated Insurer: Hamilton Re, Ltd. b. Name and contact details of the insurance supervisor and Bermuda Monetary Authority (the “Authority”) group supervisor Jurisdiction – Bermuda
[email protected] 1 (441) 295-5278 (The Authority is both insurance and group supervisor) c. Name and contact details of the approved auditor Ernst & Young Ltd. 3 Bermudiana Road Hamilton HM 08 Bermuda Craig Redcliffe
[email protected] 1 (441) 295-7000 d. Description of the ownership details, including proportion of Hamilton Insurance Group, Ltd. – 90 shareholders as ownership interest of December 31, 2016 (see Appendix A) Hamilton Re, Ltd. - 100 percent owned by Hamilton Insurance Group, Ltd.