Group 1 - Hamilton Insurance's stock closed at $17.46, reflecting a -1.24% change from the previous day, underperforming the S&P 500's gain of 1.81% [1] - Over the past month, Hamilton Insurance shares have decreased by 12.56%, compared to a 4.82% loss in the Finance sector and a 6.14% loss in the S&P 500 [1] Group 2 - The upcoming earnings release on May 7, 2025, is projected to show an EPS of $0.04, a significant drop of 97.1% year-over-year, with revenue expected at $583.66 million, down 11.39% from the same quarter last year [2] - For the entire year, the Zacks Consensus Estimates forecast earnings of $2.66 per share and revenue of $2.45 billion, indicating a -27.52% change in earnings and a +5.37% change in revenue compared to the previous year [3] Group 3 - Recent changes in analyst estimates for Hamilton Insurance suggest a shifting business landscape, with upward revisions indicating positive sentiment towards the company's operations [4] - The Zacks Rank system, which evaluates estimate changes, currently ranks Hamilton Insurance at 3 (Hold), with a 27.32% decrease in the consensus EPS estimate over the past month [5][6] Group 4 - Hamilton Insurance has a Forward P/E ratio of 6.65, which is lower than the industry average of 9.41, indicating a valuation discount [7] - The Insurance - Multi line industry, part of the Finance sector, holds a Zacks Industry Rank of 48, placing it in the top 20% of over 250 industries [7][8]

The latest trading session saw Hamilton Insurance (HG) ending at $21.17, denoting a +0.67% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.22%. On the other hand, the Dow registered a loss of 0.03%, and the technology-centric Nasdaq decreased by 0.33%.The provider of insurance and reinsurance services's stock has climbed by 15.04% in the past month, exceeding the Finance sector's loss of 3.33% and the S&P 500's loss of 7.48%.Market participants will be cl ...

Financial Data and Key Metrics Changes - Hamilton reported a record net income of $400 million for 2024, up 55% from the previous year, with a return on average equity of 18.3% compared to 13.9% in 2023 [37] - The company achieved gross premiums written of over $2.4 billion, a 24% increase from 2023, and a combined ratio of 91.3% [11][12] - For Q4 2024, net income was $34 million, or $0.32 per diluted share, with an annualized return on average equity of 5.8% [39] Business Line Data and Key Metrics Changes - The International segment wrote $1.3 billion in gross premiums, with a combined ratio of 95.6% for 2024, while the Bermuda segment wrote $1.1 billion with a combined ratio of 87% [15][17] - Hamilton Global Specialty wrote $1.2 billion in gross premiums, and Hamilton Select wrote $117 million, reflecting strong growth in the U.S. E&S market [16] - The Bermuda segment's underwriting income was $110 million, up from $93 million in 2023, despite increased catastrophe losses [57] Market Data and Key Metrics Changes - The insurance industry faced approximately $140 billion in insured catastrophe losses in 2024, with Hamilton's estimated losses from recent wildfires ranging from $120 million to $150 million [8][10] - The company noted a favorable environment for growth in both casualty and property insurance classes, particularly in the specialty reinsurance market [50][51] Company Strategy and Development Direction - Hamilton's strategy focuses on strategic growth, maintaining underwriting profitability, achieving ratings upgrades, and responsible capital stewardship [13][21] - The company aims to expand its marine offering and property insurance lines, leveraging its strong relationships and market position [30][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the current market environment, highlighting strong client relationships and a well-diversified portfolio [24][29] - The company anticipates increased demand for reinsurance in the wake of recent natural disasters, particularly for midyear renewals [28][90] Other Important Information - Hamilton repurchased 10.6 million shares at a total cost of $138 million during 2024, enhancing shareholder value [22][68] - The company reported total assets of $7.8 billion at year-end 2024, a 17% increase from the previous year [70] Q&A Session Summary Question: What was the underlying loss ratio in the quarter? - Management noted that there were no large losses in the quarter, and the attritional loss ratio for the full year is a better indicator of future performance [74][75] Question: Can you provide details on casualty reserves? - Management indicated that there were modest movements in reserves, with a small adverse development of about $1 million in the Bermuda segment [77][78] Question: What is the outlook for casualty business? - Management sees this as an opportunistic time for Hamilton, especially as some competitors have backed out of the casualty reinsurance space [82][84] Question: How is the competitive environment for property insurance? - Management noted that while there has been some recent competition, rates remain attractive, and they expect to see increases for loss-impacted accounts during midyear renewals [88][90] Question: Any updates on reserves related to the Ukraine loss? - Management confirmed that the reserve for the Ukraine loss remains strong, with $80 million net to Hamilton, primarily related to reinsurance [94][96] Question: What is the pricing power in Hamilton Select? - Management stated that the U.S. E&S market remains attractive, with increased submissions and favorable market conditions for small to midsize hard-to-place risks [98][99] Question: How will the recent California wildfires impact demand for reinsurance? - Management indicated that while they have not yet seen increased demand, they expect insurers to underwrite exposure more carefully moving forward [101][102]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41862 Hamilton Insurance Group, Ltd. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...

Investor Presentation Hamilton Insurance Group, Ltd. December 31, 2024 Special Note Regarding Forward-Looking Statements This information includes "forward looking statements" pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of terms such as "believes," "expects," "may," "will," "target," "should," "could," "would," "seeks," "intends," "plans," "contemplates," "estimates," or "anticipates," or similar ...

Core Viewpoint - Hamilton Insurance reported quarterly earnings of $0.32 per share, significantly missing the Zacks Consensus Estimate of $0.76 per share, and down from $1.15 per share a year ago, indicating a -57.89% earnings surprise [1][2] Financial Performance - The company posted revenues of $570.49 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.13%, but up from $495.16 million year-over-year [2] - Over the last four quarters, Hamilton Insurance has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Hamilton Insurance shares have declined approximately 4.1% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The current Zacks Rank for Hamilton Insurance is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.07 on revenues of $575.38 million, and for the current fiscal year, it is $3.66 on revenues of $2.42 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Insurance - Multi line industry is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting that the outlook for the industry could materially affect stock performance [8]

Financial Performance - Net income for 2024 was $400 million, representing a 55% increase compared to 2023[2] - Net income attributable to common shareholders increased by $141.7 million, or 54.8%, to $400.4 million, resulting in a diluted income per share of $3.67, up from $2.44[16] - Basic income per share attributable to common shareholders was $3.81, compared to $2.47 in 2023, an increase of 54.3%[31] - Total revenues for the year were $2,329,924, a 48.3% increase from $1,571,045 in 2023[31] - Underwriting income for the year was $149,364, an increase of 15.0% from $129,851 in 2023[34] - Net investment income for the year was $63,267, compared to $30,456 in 2023, reflecting a growth of 107.5%[31] Premiums and Underwriting - Gross premiums written reached $2.4 billion, a 24.2% increase from the previous year[6] - Net premiums earned increased by 31.6% to $1.7 billion compared to 2023[6] - Gross premiums written for the year reached $2,422,582, a 24.1% increase compared to $1,951,038 in 2023[31] - Net premiums written rose by $440.7 million, or 29.8%, to $1.9 billion, driven by increases in both the International Segment ($199.2 million, or 25.9%) and the Bermuda Segment ($241.5 million, or 34.0%) [16] - The combined ratio for the year was 91.3%, indicating strong underwriting discipline despite significant large loss activity[3] - The combined ratio for the year was 91.3%, an increase of 1.2 percentage points from 90.1% in 2023[16] - The attritional loss ratio for the current year was 53.1%, reflecting an increase of 0.9 percentage points compared to the previous year, primarily due to losses from the Baltimore Bridge collapse[16] Assets and Equity - Total invested assets and cash increased to $4.8 billion from $4.0 billion at the end of 2023[22] - Total shareholders' equity rose to $2.3 billion, up from $2.0 billion at December 31, 2023[22] - Total assets increased to $7,796,033, up from $6,671,355, representing a growth of 16.8% year-over-year[29] - Cash and cash equivalents rose to $996,493, up from $794,509, representing a growth of 25.5%[29] Losses and Expenses - Losses and loss adjustment expenses for the year totaled $1,010,173, up from $714,603, indicating a rise of 41.3%[31] - Catastrophe losses for the year amounted to $49.1 million, primarily due to Hurricane Milton and Hurricane Helene[9] - Catastrophe losses totaled $87.6 million, primarily from Hurricane Helene ($52.6 million) and Hurricane Milton ($37.8 million)[17] - Corporate expenses totaled $61.1 million, including $9.2 million related to the Value Appreciation Pool[6] Risks and Strategic Considerations - The company faces various risks that could materially affect actual results, including competition, catastrophic events, and macroeconomic conditions[45] - The company emphasizes the importance of adequate reserves to cover actual losses and accurately evaluate underwriting risks[45] - There are significant uncertainties related to the company's ability to execute growth strategies and complete planned transactions[49] - The company does not plan to pay cash dividends on Class B common shares in the near term[49] - The cyclical nature of the insurance and reinsurance business may lead to fluctuations in pricing and terms for products[45] - The company is exposed to credit risks from intermediaries and must manage liquidity requirements effectively[45] - The company’s strategy includes managing alternative reinsurance platforms on behalf of investors[49] - The company is subject to regulatory risks that could impact its ability to operate effectively in the insurance industry[49] - The company acknowledges the potential impact of geopolitical events and global economic conditions on its operations[45]

Company Overview - Hamilton Insurance closed at $18.15, reflecting a -0.71% change from the previous session, underperforming compared to the S&P 500's loss of 0.43% [1] - The stock has decreased by 4.24% over the past month, contrasting with the Finance sector's gain of 3.13% and the S&P 500's gain of 2.6% [1] Upcoming Financial Results - Hamilton Insurance is set to announce its earnings on February 26, 2025, with an expected EPS of $0.76, representing a 33.91% decline from the same quarter last year [2] - The consensus estimate for revenue is $571.22 million, which is a 15.36% increase from the prior-year quarter [2] Analyst Forecasts - Recent revisions to analyst forecasts for Hamilton Insurance are important as they reflect near-term business trends, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Rank system, which assesses these estimate changes, has shown a correlation with stock price performance [4] Zacks Rank and Valuation - Hamilton Insurance currently holds a Zacks Rank of 4 (Sell), with the consensus EPS projection decreasing by 0.81% in the past 30 days [5] - The company's Forward P/E ratio is 4.99, indicating a discount compared to the industry's average Forward P/E of 10.16 [6] Industry Context - The Insurance - Multi line industry is part of the Finance sector and holds a Zacks Industry Rank of 128, placing it in the top 50% of over 250 industries [6] - Research indicates that top-rated industries outperform lower-rated ones by a factor of 2 to 1 [7]

Company Performance - Hamilton Insurance's stock closed at $18.86, showing no change from the previous day, underperforming compared to the S&P 500's gain of 0.16% [1] - Over the past month, Hamilton Insurance shares experienced a loss of 1.77%, which is better than the Finance sector's loss of 4.27% and the S&P 500's loss of 2.7% [1] Upcoming Financial Results - The company is expected to report an EPS of $0.76, reflecting a decline of 33.91% from the same quarter last year [2] - Revenue is projected to be $571.22 million, indicating a 15.36% increase compared to the equivalent quarter last year [2] Analyst Estimates and Market Sentiment - Recent adjustments to analyst estimates for Hamilton Insurance are being monitored, as positive revisions indicate optimism regarding the company's business and profitability [3] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Hamilton Insurance at 3 (Hold) [5] Valuation Metrics - Hamilton Insurance is trading at a Forward P/E ratio of 5.11, which is a discount compared to its industry's Forward P/E of 9.46 [6] - The Insurance - Multi line industry, part of the Finance sector, holds a Zacks Industry Rank of 44, placing it in the top 18% of over 250 industries [6]

Financial Data and Key Metrics Changes - The company reported its third quarter 2024 earnings, with a focus on the impact of recent natural catastrophes on financial performance [4]. Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content [4]. Market Data and Key Metrics Changes - The content does not include specific market data or key metrics changes [4]. Company Strategy and Development Direction and Industry Competition - The CEO expressed concern over the recent natural catastrophes affecting many lives, indicating a potential focus on corporate social responsibility and community support [4]. Management Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by natural disasters in the past quarter, which may influence future operational strategies and risk management [4]. Other Important Information - The call included a reminder about the availability of financial disclosures and forward-looking statements, emphasizing the importance of understanding risks and uncertainties [3]. Q&A Session Summary Question: Impact of natural catastrophes on financial performance - The management acknowledged the impact of recent natural catastrophes but did not provide specific financial metrics or projections related to this issue [4].