This paper presents a magnetization modeling method combined with material sensitivity information to identify the unknown magnetization distribution of a hull and improve the accuracy of the predicted fields. First, based on the magnetization modeling, the hull surface was divided into three-dimensional sheet elements, where the individual remanent magnetization was assumed to be constant. For a fast search of the optimum magnetization distribution on the hull, a material sensitivity formula containing the first-order gradient information of an objective function was combined with the magnetization modeling method. The feature of the proposed method is that it can provide a stable and accurate field solution, even in the vicinity of the hull. Finally, the validity of the method was tested using a scale model ship.