Hamilton Insurance Group Ltd (NYSE:HG)

Q4 2024 Hamilton Insurance Group Ltd Earnings Call Transcript

Feb 27, 2025 / 02:00 PM GMT

Release Date Price: $19.36 (+5.16%)

Transcript 10-K8-K

Key Points

Positve

Hamilton Insurance Group Ltd (HG) reported a net income of $400 million for 2024, a 55% increase over the previous year.
The company achieved a return on average equity of 18.3%, up from 13.9% in the prior year.
Gross premiums written increased by 24% to over $2.4 billion, indicating strong growth in both international and Bermuda segments.
Hamilton Insurance Group Ltd (HG) achieved a combined ratio of 91.3%, resulting in $149 million of underwriting income despite significant insured loss activity.
The company received ratings upgrades from major agencies, enhancing its competitive position and opportunities for additional profitable business.

Negative

Hamilton Insurance Group Ltd (HG) faced significant catastrophe losses, including $88 million from events like Hurricane Helene and Hurricane Milton.
The company's fourth-quarter net income decreased to $34 million from $127 million in the same quarter of the previous year.
The combined ratio for the fourth quarter increased to 95.4% from 90.2% in the fourth quarter of 2023, driven by higher catastrophe losses.
Investment income for the fourth quarter was significantly lower at $36 million compared to $114 million in the fourth quarter of 2023.
The company is still assessing loss estimates from recent wildfires, with early views indicating a range of $120 million to $150 million net of reinsurance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HG.N - Hamilton Insurance Group Ltd
Q4 2024 Hamilton Insurance Group Ltd Earnings Call
Feb 27, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the Hamilton Insurance Group earnings conference call. As a reminder, this call is being webcast and will be, will also be available for replay with links on the Hamilton Investor Relations website.

I'd now like to turn the call over to John Levinson, group treasurer and head of investor relations. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and welcome all to the Hamilton Insurance Group 4th quarter and year-end 2024 earnings conference call.

The Hamilton executives leading today's call

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