Strong Underwriting Results
Hamilton reported a profitable quarter with a combined ratio of 86.8% and underwriting income of $67 million.
Significant Investment Income
Investment income was $149 million, driven by strong returns from the Two Sigma Hamilton Fund and fixed income portfolio.
Impressive Net Income
Net income for the quarter was $187 million, representing an annualized return on average equity of 30.2%.
Growth in Gross Premiums Written
Gross premiums written increased by 18% in the quarter, with Bermuda leading the growth at 26%.
AM Best Rating Upgrade Impact
The AM Best rating upgrade contributed approximately $50 million in premium growth, particularly in casualty reinsurance.
Book Value Per Share Increase
Book value per share increased by 8.3% to a record $25.55.
Successful Leadership Transition
Seamless management appointments with Adrian Daws and Alex Baker taking new leadership roles.