Hamilton Insurance Group, Ltd. Class B ( (HG) ) has released its Q1 earnings. Here is a breakdown of the information Hamilton Insurance Group, Ltd. Class B presented to its investors.
Hamilton Insurance Group, Ltd. is a Bermuda-based specialty insurance and reinsurance company that operates globally through its subsidiaries, offering diversified and profitable underwriting services.
In its first quarter of 2025, Hamilton Insurance Group reported a net income of $81 million, achieving an annualized return on average equity of 13.7%, despite facing significant industry challenges such as above-average catastrophe losses.
Key financial highlights include a 16.8% increase in gross premiums written, totaling $843.3 million, and a 29.5% rise in net premiums earned to $498.9 million. The company also reported a combined ratio of 111.6%, reflecting an underwriting loss of $58.3 million, largely due to California wildfires. However, investment returns were robust, contributing $167 million to the net income.
Despite the underwriting challenges, Hamilton’s strategic growth in both its International and Bermuda segments, as well as its strong investment performance, underscore its resilience and potential for profitable growth.
Looking ahead, Hamilton’s management remains optimistic about the company’s growth prospects, focusing on diversification and stability in its business operations to navigate the evolving market landscape.