earnings
confidence high
sentiment positive
materiality 0.85
Hamilton Insurance posts Q3 net income $43.6M, combined ratio 92.6%; first results as public company
Hamilton Insurance Group, Ltd.
- Net income $43.6M ($0.41 diluted EPS) vs loss of $136.1M in Q3 2022.
- Combined ratio improved to 92.6% from 122.5% YoY; underwriting income $24.9M.
- Gross premiums written $474.1M, up 18.3% YoY; International +14.1%, Bermuda +26.9%.
- IPO closed Nov 14, 2023; book value per share $17.35, up 7.5% from Dec 2022.
- Net investment income $46.3M; Two Sigma Hamilton Fund returned $51.3M (3.1%).