Hamilton Insurance reports Q1 2024 net income $157M; diluted EPS $1.38; gross premiums up 34%

Hamilton Insurance Group, Ltd.

2024-Q1 EPS reported $1.38 revenue$658,645,000

Net income $157.2M (diluted EPS $1.38) vs. $51.5M a year ago; annualized ROAE 29.5%.
Gross premiums written $721.9M, +34.1% YoY; net premiums earned $385.3M, +35.7%.
Combined ratio 91.5% (vs. 87.9% prior year) as $37.9M Baltimore Bridge losses added 9.8 points to attritional loss ratio.
Sixth consecutive underwriting income quarter; underwriting income $32.5M.
Book value per share $19.90, +7.1% from Dec 2023; total shareholders' equity $2.2B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hamilton Insurance Group, Ltd. reported the first quarter ended March 31, 2024 results: revenue $385.3 million, net income $157.2 million, EPS $1.38.

Period: the first quarter ended March 31, 2024
Revenue: $385.3 million
Net income: $157.2 million
EPS: $1.38
Result: reported results

Exact text from the filing

• Annualized return on average equity of 29.5%; • Gross premiums written of $721.9 million, an increase of 34.1% compared to the first quarter of 2023; • Net premiums earned of $385.3 million, an increase of 35.7% compared to the first quarter of 2023; • Combined ratio of 91.5%; • Underwriting income of $32.5 million; • Net investment income of $147.8 million,

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Source: SEC EDGAR

accession 0001593275-24-000052

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