Financial Performance - Gross premiums written for Q3 2024 reached $553,401,000, a 16.7% increase from $474,123,000 in Q3 2023[16] - Net premiums earned for the nine months ended September 30, 2024, totaled $1,252,862,000, up 31.5% from $952,398,000 in the same period of 2023[16] - Total revenues for Q3 2024 were $512,844,000, representing a 29.3% increase compared to $396,266,000 in Q3 2023[16] - Net income for Q3 2024 was $61,035,000, a 15.4% increase from $52,648,000 in Q3 2023[16] - Basic income per share attributable to common shareholders for Q3 2024 was $0.77, compared to $0.42 in Q3 2023[16] - Total expenses for Q3 2024 were $448,780,000, an increase of 31.6% from $341,231,000 in Q3 2023[16] - Losses and loss adjustment expenses for Q3 2024 amounted to $273,632,000, up 42.9% from $191,577,000 in Q3 2023[16] - Net income for the nine months ended September 30, 2024, was $538,749 thousand, a significant increase from $146,938 thousand in the same period of 2023, representing a growth of 267%[20] - Net income attributable to common shareholders for the three months ended September 30, 2024, was $78.3 million, compared to $43.6 million for the same period in 2023[103][105] - Net income attributable to common shareholders for the nine months ended September 30, 2024, was $366,509, up from $131,862 in 2023, representing a significant increase of 177.5%[109] Assets and Liabilities - Total assets increased to $7,826,547 thousand as of September 30, 2024, compared to $6,671,355 thousand at December 31, 2023, reflecting a growth of approximately 17.3%[15] - Total liabilities rose to $5,452,861 thousand in 2024, compared to $4,623,372 thousand in 2023, indicating an increase of about 17.9%[15] - Shareholders' equity increased to $2,313,626 thousand in 2024 from $2,047,850 thousand in 2023, representing a growth of approximately 13.0%[15] - Cash and cash equivalents increased to $957,372 thousand in 2024, up from $794,509 thousand in 2023, representing a growth of approximately 20.6%[15] - Total fixed maturities and short-term investments amounted to $2,828,131 thousand as of September 30, 2024, with gross unrealized losses of $27,456 thousand[40] - Total cash and cash equivalents and restricted cash and cash equivalents increased to $1.1 billion as of September 30, 2024, up from $900.9 million at December 31, 2023[60] - The company's net unpaid losses and loss adjustment expenses at the end of the period were $2.24 billion as of September 30, 2024, compared to $1.79 billion at the end of September 30, 2023[89] Investments - Total investments rose to $3,760,918 thousand in 2024 from $3,111,616 thousand in 2023, marking an increase of about 20.8%[15] - The company reported a significant increase in investments in Two Sigma Funds, rising to $932,787 thousand in 2024 from $851,470 thousand in 2023, an increase of about 9.5%[15] - The company reported net realized and unrealized gains on investments of $65,558,000 for Q3 2024, compared to $55,412,000 in Q3 2023[16] - The total net realized and unrealized gains on investments and net investment income for the nine months ended September 30, 2024, was $498,518, compared to $119,600 for the same period in 2023[55] - The company reported net realized gains on investments for the three months ended September 30, 2024, were $93,711, compared to $42,403 for the same period in 2023[55] - The company reported a net realized loss on investments of $(382,646) thousand for the nine months ended September 30, 2024, compared to a loss of $(32,363) thousand in 2023[20] Premiums and Underwriting - Premiums receivable grew to $885,744 thousand in 2024, compared to $658,363 thousand in 2023, indicating an increase of around 34.5%[15] - For the three months ended September 30, 2024, gross premiums written totaled $553.4 million, an increase from $474.1 million for the same period in 2023[103][105] - Net premiums earned for the three months ended September 30, 2024, were $448.8 million, compared to $337.0 million for the same period in 2023[103][105] - Underwriting income for the three months ended September 30, 2024, was $29.1 million, up from $24.9 million for the same period in 2023[103][105] - The attritional loss ratio for the current year was 53.2% as of September 30, 2024, compared to 54.8% for the same period in 2023[103][105] - The combined ratio for the three months ended September 30, 2024, was 93.6%, an improvement from 92.6% for the same period in 2023[103][105] Risks and Challenges - The company faces risks related to macroeconomic conditions, including rising energy prices and inflation, which could impact future performance[9] - The company is dependent on key executives and may face challenges in attracting qualified personnel due to competitive hiring conditions[9] - The company remains exposed to market risks including interest rate risk, credit spread risk, equity price risk, and foreign currency risk, with no material changes reported[371] Shareholder Actions - The company completed its initial public offering (IPO) of Class B common shares on November 14, 2023, listed on the NYSE[22] - The company repurchased 9.1 million Class A common shares at $12.00 per share for a total of $109.5 million, which were subsequently canceled[128] - On August 7, 2024, the Board authorized a share repurchase program of up to $150 million, with $140 million remaining available for purchase as of September 30, 2024[129] - The company amended its unsecured credit agreement to provide up to $415 million in letter of credit capacity, with no loan amounts outstanding as of September 30, 2024[116] Compliance and Financial Covenants - The company maintained compliance with all financial covenants related to its $150 million term loan facility as of September 30, 2024[111] - As of September 30, 2024, all applicable entities were in compliance with financial and reporting covenants under the credit facilities[120]

Core Viewpoint - Hamilton Insurance reported quarterly earnings of $0.74 per share, exceeding the Zacks Consensus Estimate of $0.69 per share, and showing a significant increase from $0.41 per share a year ago, indicating strong performance in the insurance and reinsurance sector [1][2] Financial Performance - The company achieved revenues of $512.84 million for the quarter ended September 2024, which was slightly below the Zacks Consensus Estimate by 0.60%, but up from $396.27 million in the same quarter last year [2] - Over the last four quarters, Hamilton Insurance has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Hamilton Insurance shares have increased approximately 19.8% since the beginning of the year, while the S&P 500 has gained 21.2%, indicating a slight underperformance relative to the broader market [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.82 on revenues of $558.95 million, and for the current fiscal year, it is $4.12 on revenues of $2.32 billion [7] - The estimate revisions trend for Hamilton Insurance is currently unfavorable, resulting in a Zacks Rank 4 (Sell), suggesting expected underperformance in the near future [6] Industry Context - The Insurance - Multi line industry, to which Hamilton Insurance belongs, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable industry outlook [8]

Hamilton Reports 2024 Third Quarter Results Net Income of $78 million; Annualized YTD Return on Average Equity of 22.4% PEMBROKE, Bermuda, November 6, 2024 – Hamilton Insurance Group, Ltd. (NYSE: HG; "Hamilton" or "the Company") today announced financial results for the third quarter ended September 30, 2024. Commenting on the results, Pina Albo, CEO of Hamilton, said: "Just over a year ago we launched the initial public offering for Hamilton, marking our transition from private company to the New York Stoc ...

Core Viewpoint - Hamilton Insurance is anticipated to report a year-over-year increase in earnings and revenues for the quarter ended September 2024, with earnings expected to be $0.69 per share, reflecting a +68.3% change, and revenues projected at $515.96 million, up 30.2% from the previous year [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for November 6, and the stock may rise if the actual results exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised down by 4.65% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Hamilton Insurance aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10]. - The stock currently holds a Zacks Rank of 4, suggesting a challenging outlook for beating the consensus EPS estimate [10][11]. Historical Performance - In the last reported quarter, Hamilton Insurance exceeded the expected earnings of $0.91 per share by delivering $1.20, resulting in a surprise of +31.87% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Industry Comparison - Assurant, another player in the Zacks Insurance - Multi line industry, is expected to post earnings of $2.64 per share for the same quarter, indicating a year-over-year decline of -38.5%, with revenues projected at $2.91 billion, up 4.2% [17]. - Assurant's consensus EPS estimate has been revised down by 28.8% in the last 30 days, leading to an Earnings ESP of -5.30% and a Zacks Rank of 3 [18].

The latest trading session saw Hamilton Insurance (HG) ending at $18.50, denoting a -1.28% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%. Coming into today, shares of the provider of insurance and reinsurance services had gained 1.35% in the past month. In that same time, the Finance sector lost 4.31%, while the S&P 500 gained 5.36%. The investment community will be ...

TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGRAF) (FRA: M98) (the "Company" or "HydroGraph"), a sustainable commercial manufacturer of pristine graphene, has been awarded the Business Innovation Award at the 2024 To The Stars: Kansas Business Awards, hosted by the Kansas Department of Commerce. The awards celebrate Kansas-based businesses for their significant contributions to the state's economy and communities, with the Business Innovation Award category open ...

Hamilton Insurance (HG) closed the most recent trading day at $18.75, moving +0.7% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.9%. Meanwhile, the Dow experienced a rise of 0.81%, and the technology-dominated Nasdaq saw an increase of 1.22%. Coming into today, shares of the provider of insurance and reinsurance services had lost 3.67% in the past month. In that same time, the Finance sector gained 0.34%, while the S&P 500 gained 3.15%. Market participa ...

Hamilton Insurance (HG) closed the most recent trading day at $19.80, moving -0.25% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a rise of 0.33%, and the technology-dominated Nasdaq saw a decrease of 0.39%. Shares of the provider of insurance and reinsurance services have appreciated by 0.76% over the course of the past month, underperforming the Finance sector's gain of 1.5% and the S&P 500's gain of 2.43%. The upcom ...

Major U.S. stock indices witnessed a notable downfall on Sep 6, reflecting investors' disappointment surrounding U.S. job data as it failed to meet market expectations. Notably, the latest report from the U.S. Labor Department reflected a lower-than-expected increase in the nation's employment in the month of August. This might dissuade an investor from spending on shares. However, a prudent investor knows that such periods of low prices are perfect for buying stocks, allowing them to earn profit in times o ...

Hamilton Insurance Group, Ltd. (NYSE:HG) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Jon Levenson - Group Treasurer & Head of Investor Relations Pina Albo - Chief Executive Officer Craig Howie - Group Chief Financial Officer Conference Call Participants Hristian Getsov - Wells Fargo Tommy McJoynt - KBW Bob Huang - Morgan Stanley Matt Carletti - Citizens JMP Operator Hello and welcome to the Hamilton Insurance Group Earnings Conference Call. As a reminder, this call is be ...