Hamilton Insurance reports Q1 operating EPS 47c, consensus (5c)

Commenting on the results, Pina Albo, CEO of Hamilton, said: “Hamilton is off to a strong start with $81 million of net income in the first quarter of 2025 despite industry insured catastrophe losses well above the historical average. We continue to see good opportunities for profitable growth, with gross premiums written up 17% over the prior year. Our attritional loss ratio was 51.9%, reflecting the increasing diversification and stability of our underlying book of business. Investment results were significant, with a total investment return of $167 million. The net income result represented a 13.7% annualized return on average equity and 2.8% growth in book value per share for the first quarter.”