Hamilton Insurance reports Q2 EPS $1.20, consensus 75c

Reports Q2 revenue $587.94M, consensus $343.33M. Commenting on the financial results, Pina Albo, CEO of Hamilton, said: “This was an outstanding quarter for Hamilton by any metric. We reported $131.1 million of net income, equating to an annualized return on average equity of 23.6%. We recorded an all-time low combined ratio of 84.4%, had strong net investment income of $95.7 million, and continued our targeted growth in this favorable market environment. I am exceptionally proud of the Hamilton team for remaining laser focused on underwriting profitability and strategic growth, as well as realizing the objectives we shared with investors in the context of our IPO in November of last year.”