earnings
confidence high
sentiment positive
materiality 0.85
Hamilton Q2 net income $131M, combined ratio 84.4% record low; BVPS up 18% to $21.96
Hamilton Insurance Group, Ltd.
2024-Q2 EPS reported
$2.57
revenue$1,246,586,000
- Net income $131.1M ($1.20 diluted EPS) vs $36.8M in Q2 2023; underwriting income $65.3M.
- Combined ratio 84.4% (all-time low) vs 89.5% in Q2 2023; no catastrophe losses in quarter.
- Gross premiums written $603.3M (+19.5% YoY); net premiums earned $418.8M (+26.3%).
- Bermuda segment combined ratio improved to 77.4% from 86.9%; International 91.0% from 91.8%.
- Agreed to repurchase 9.1M Class A shares at $12.00 each for $109.5M in May 2024.