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Hamilton Insurance Group, Ltd. Class B (HG)
NYSE:HG
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
1.38Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 14.45%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Hamilton Insurance Group demonstrated strong growth in premiums, net income, and investment returns in 2024, supported by strategic initiatives and favorable market conditions. The company also faced challenges from natural catastrophes and their impact on profitability, particularly in the fourth quarter. Overall, the highlights outweigh the lowlights, indicating a robust financial performance despite external challenges.Company Guidance
During the Hamilton Insurance Group earnings call for the fiscal year 2024, several key metrics and forward-looking statements were highlighted. The company reported gross premiums written of over $2.4 billion, a 24% increase from 2023, with a combined ratio of 91.3%, resulting in an underwriting income of nearly $150 million. Investment returns were exceptional, totaling $360 million, contributing to a net income of $400 million, an 18.3% return on average equity, and a 23.5% growth in book value per share. Hamilton's loss estimates for recent wildfires were between $120 million and $150 million, based on an industry insured loss range of $35 billion to $45 billion. The company achieved ratings upgrades from A.M. Best and Fitch, and repurchased 10.6 million shares at a cost of $138 million, boosting shareholder value. Looking ahead, Hamilton anticipates strong performance in 2025, with opportunities for growth in both their International and Bermuda segments, despite the challenges posed by natural catastrophes and competitive market conditions.Record Gross Premiums Written
Hamilton reported gross premiums written of over $2.4 billion in 2024, an increase of 24% over 2023.
Strong Net Income Growth
The company achieved a net income of $400 million, up 55% over the previous year, representing an 18.3% return on average equity.
Investment Performance
Total investment return was $360 million in 2024, with the Two Sigma Hamilton Fund contributing a 16.3% return.
Ratings Upgrade
Hamilton Re received an upgrade to A from A.M. Best and an initial published rating of A- from Fitch, enhancing opportunities for additional profitable business.
Favorable Reserve Development
2024 marked the eleventh consecutive year of favorable reserve development, with an increase in surplus above the external actuary's best estimate.
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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 |
|---|---|---|---|
| Feb 26, 2025 | $18.41 | $19.36 | +5.16% |
| 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% |
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 May 07, 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 May 07, 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 2025 (Q1) is 0.17.
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