Hamilton Insurance Group, Ltd. Class B ( (HG) ) has released its Q4 earnings. Here is a breakdown of the information Hamilton Insurance Group, Ltd. Class B presented to its investors.
Hamilton Insurance Group, Ltd., a Bermuda-based company, specializes in global specialty insurance and reinsurance through its subsidiaries, offering diversified and profitable underwriting services worldwide.
Hamilton Insurance Group reported robust financial performance for 2024, marking its first full year as a public company. The company achieved a net income of $400 million, reflecting a 55% increase from the previous year, and saw a 23.5% growth in book value per share.
The company’s combined ratio stood at 91.3%, demonstrating effective underwriting discipline despite significant loss activities. Gross premiums written increased by 24.2% to $2.4 billion, while net premiums earned rose by 31.6% to $1.7 billion. Investment returns were strong, with a total of $362 million, including a notable 16.3% return from the Two Sigma Hamilton Fund.
Looking ahead, Hamilton Insurance Group is well-positioned for future growth, supported by its diversified business model and strong market conditions. The management remains optimistic about leveraging its unique culture and strategic initiatives to drive further success.