Largest companies in Bermuda by operating income
Operating income is profit from the core business before interest and tax. It strips out financing decisions, so it compares operations rather than balance sheets. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.
Brookfield Infrastructure Partners (BIPH) tops the list with $5.8B in operating income for fiscal 2025, ahead of Arch Capital ($5.2B) and Renaissancere Holdings ($4.0B). The top 10 together report $22.1B in operating income; the gap between #1 and #10 is ×8.76. 28 companies in Bermuda report operating income, 1.3% of the 2135-filer universe. The last place on the list, Nordic American Tankers, comes in at $46.3M.
| # | Company | Operating income | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | Brookfield Infrastructure PartnersBIPHBMIndustrials | $5.8B | +16.9% | |
| 2 | Arch CapitalACGLBMFinancials | $5.2B | +10.4% | |
| 3 | Renaissancere HoldingsRNRBMFinancials | $4.0B | +34.1% | |
| 4 | Everest GroupEGBMFinancials | $1.9B | +26.4% | |
| 5 | Axis CapitalAXSBMFinancials | $1.2B | +19.4% | |
| 6 | Brookfield Wealth SolutionsBNTBMFinancials | $967M | −20.3% | |
| 7 | Hamilton InsuranceHGBMFinancials | $825M | +32.7% | |
| 8 | Essent GroupESNTBMFinancials | $822M | −3.9% | |
| 9 | GenpactGBMIndustrials | $750M | +6.9% | |
| 10 | Assured GuarantyAGOBMFinancials | $662M | +35.7% | |
| 11 | SiriuspointSPNTBMFinancials | $541M | +132.2% | |
| 12 | ValarisVALBMEnergy | $477M | +35.4% | |
| 13 | Nabors IndustriesNBRBMEnergy | $471M | +13.0% | |
| 14 | Cushman & WakefieldCWKBMReal estate | $453M | +33.5% | |
| 15 | Aspen InsuranceAHL-PDBMFinancials | $444M | −4.3% | |
| 16 | Borr DrillingBORRBMEnergy | $322M | −13.9% | |
| 17 | Teekay TankersTNKBMIndustrials | $309M | −18.7% | |
| 18 | TeekayTKBMIndustrials | $303M | −17.1% | |
| 19 | Pelagos Insurance CapitalPLGOBMFinancials | $276M | +102.1% | |
| 20 | Bank of N.T. Butterfield & SonNTBBMFinancials | $238M | +7.8% | |
| 21 | DHT HoldingsDHTBMIndustrials | $225M | +6.8% | |
| 22 | Flex LNGFLNGBMIndustrials | $176M | −11.1% | |
| 23 | SFLSFLBMIndustrials | $137M | −55.4% | |
| 24 | SeapeakSEAL-PABMIndustrials | $131M | +$225M | |
| 25 | International General InsuranceIGICBMFinancials | $127M | −3.9% | |
| 26 | Golar LNGGLNGBMIndustrials | $99.7M | +60.4% | |
| 27 | Himalaya ShippingHSHPBMIndustrials | $68.2M | +2.2% | |
| 28 | Nordic American TankersNATBMIndustrials | $46.3M | −40.1% |
All figures from SEC filings · FY2025 · 28
see sources
- Brookfield Infrastructure Partners 0001406234-26-000002
- Arch Capital 0000947484-26-000017
- Renaissancere Holdings 0000913144-26-000012
- Everest Group 0001095073-26-000006
- Axis Capital 0001214816-26-000097
- Brookfield Wealth Solutions 0001837429-26-000008
- Hamilton Insurance 0001593275-26-000021
- Essent Group 0001448893-26-000009
- Genpact 0001398659-26-000004
- Assured Guaranty 0001273813-26-000011
- Siriuspoint 0001576018-26-000032
- Valaris 0000314808-26-000029
- Nabors Industries 0001104659-26-014997
- Cushman & Wakefield 0001628369-26-000008
- Aspen Insurance 0001267395-26-000007
- Borr Drilling 0001628280-26-021450
- Teekay Tankers 0001419945-26-000007
- Teekay 0000911971-26-000015
- Pelagos Insurance Capital 0001628280-26-015356
- Bank of N.T. Butterfield & Son 0001653242-26-000006
- DHT Holdings 0001140361-26-010407
- Flex LNG 0001628280-26-012574
- SFL 0001289877-26-000008
- Seapeak 0001308106-26-000002
- International General Insurance 0001794338-26-000012
- Golar LNG 0001628280-26-021198
- Himalaya Shipping 0001959455-26-000024
- Nordic American Tankers 0001140361-26-017809
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{{cite web |title=Largest companies in Bermuda by operating income |url=https://companiesranked.com/en/largest-companies-in-bermuda-by-operating-income |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Largest companies in Bermuda by operating income. CompaniesRanked. https://companiesranked.com/en/largest-companies-in-bermuda-by-operating-incomeBibTeX
@misc{companiesranked-en-largest-companies-in-bermuda-by-operating-income-2026,
author = {{CompaniesRanked}},
title = {{Largest companies in Bermuda by operating income}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/largest-companies-in-bermuda-by-operating-income}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.
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