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Hamilton Insurance Group, Ltd. Class B (HG)
:HG
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.56Last Year’s EPS
1.15Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2024
|% Change Since: 4.42%
|Next Earnings Date:Dec 05, 2023
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and growth in gross premiums, despite challenges from natural catastrophes and increased market competition in certain sectors. The company has demonstrated resilience and strategic growth following its A.M. Best rating upgrade.Company Guidance
During the Hamilton Insurance Group Q3 2024 earnings call, the company provided detailed financial guidance and performance metrics. Hamilton reported a net income of $78 million, despite $38 million in net losses from Hurricane Helene and other large events, yielding a group combined ratio of 93.6%. The International segment had a combined ratio of 97.6%, while the Bermuda segment posted 89.4%. Year-to-date, the combined ratio was 89.9%, with an annualized ROE of 22.4%. Gross premiums written increased by 24% to $1.9 billion, driven by growth in all operating platforms. The company also emphasized continued market discipline and strong underwriting results. Investment income for the quarter was $83 million, with a fixed-income portfolio returning 4.1%. The balance sheet remained robust, with total assets rising to $7.8 billion and shareholders’ equity increasing by 13% to $2.3 billion. Hamilton also completed $10 million in share repurchases at a 17% discount to book value. Looking forward, the company expects continued growth and resilience, supported by recent rating upgrades and disciplined underwriting.Strong Financial Performance
Net income of $78 million, a 77% increase from $44 million in Q3 2023. Annualized return on average equity increased to 13.8% from 9.8%.
Record Gross Premiums Written
Gross premiums written increased to a record $1.9 billion for the first 9 months of 2024, a 24% increase year-over-year.
Underwriting Resilience
Despite $38 million in catastrophe losses, Hamilton reported $29 million in underwriting income with a group combined ratio of 93.6%.
Improved Expense Ratio
Expense ratio decreased by 3.2 points to 32.6% in Q3 2024 compared to 35.8% in Q3 2023.
Investment Income Growth
Total net investment income for Q3 was $83 million, up from $46 million in Q3 2023.
A.M. Best Rating Upgrade
Bermuda segment saw significant growth, partly driven by an A.M. Best upgrade to an A rating.
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Hamilton Insurance Group, Ltd. Class B (HG) Earnings, Revenues Date & History
HG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $18.57 | $18.13 | -2.37% |
| Aug 07, 2024 | $15.47 | $16.66 | +7.69% |
| May 08, 2024 | $15.14 | $16.12 | +6.47% |
| Mar 06, 2024 | $14.46 | $14.39 | -0.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hamilton Insurance Group, Ltd. Class B (HG) report earnings?
Hamilton Insurance Group, Ltd. Class B (HG) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Hamilton Insurance Group, Ltd. Class B (HG) earnings time?
Hamilton Insurance Group, Ltd. Class B (HG) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HG EPS forecast?
HG EPS forecast for the fiscal quarter 2024 (Q4) is 0.56.
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