Company Performance - Hamilton Insurance's stock decreased by 1.02% to $21.33, underperforming the S&P 500's slight gain of 0.02% on the same day [1] - Over the past month, Hamilton Insurance shares have increased by 0.51%, while the Finance sector and S&P 500 gained 4.24% and 4.93%, respectively [1] Earnings Forecast - The company is expected to announce earnings on August 6, 2025, with a forecasted EPS of $1.01, reflecting a 15.83% decline from the same quarter last year [2] - Quarterly revenue is projected to be $591.68 million, which is a 0.64% increase compared to the previous year [2] Full Year Projections - For the full year, earnings are estimated at $3.23 per share and revenue at $2.6 billion, indicating a decrease of 11.99% in earnings and an increase of 11.45% in revenue from the prior year [3] - Recent analyst estimate revisions suggest a favorable outlook on the company's business health and profitability [3] Valuation Metrics - Hamilton Insurance has a Forward P/E ratio of 6.67, which is lower than the industry average of 10.14, indicating that the company is trading at a discount compared to its peers [6] - The Insurance - Multi line industry is currently ranked 164 out of over 250 industries, placing it in the bottom 34% [6] Zacks Rank and Performance - The Zacks Rank system, which evaluates stocks based on estimate changes, currently ranks Hamilton Insurance at 3 (Hold) [5] - Over the past month, the Zacks Consensus EPS estimate has risen by 2.81% [5]

Core Viewpoint - Hamilton Insurance's stock performance has shown a positive change recently, but it has underperformed compared to the broader market and the finance sector over the past month [1][2]. Company Performance - The stock closed at $21.61, reflecting a +2.76% change from the previous day, outperforming the S&P 500's gain of 0.06% [1]. - Over the last month, Hamilton Insurance shares experienced a loss of 0.76%, while the Finance sector gained 4.07% and the S&P 500 gained 5.88% [2]. Earnings Forecast - The company is expected to release its earnings on August 6, 2025, with a forecasted EPS of $1.01, indicating a 15.83% decrease from the same quarter last year [3]. - Revenue is projected to be $591.68 million, which is a 0.64% increase from the prior-year quarter [3]. - For the full year, analysts expect earnings of $3.23 per share and revenue of $2.6 billion, reflecting changes of -11.99% and +11.45% respectively from last year [4]. Analyst Sentiment - Recent revisions to analyst forecasts for Hamilton Insurance are crucial as they reflect short-term business trends [5]. - Upward revisions in estimates indicate analysts' positive outlook on the company's operations and profit generation capabilities [5]. Stock Valuation - Hamilton Insurance is currently trading at a Forward P/E ratio of 6.51, which is lower than the industry average of 10.03, suggesting it is trading at a discount [8]. - The Insurance - Multi line industry is part of the Finance sector and has a Zacks Industry Rank of 161, placing it in the bottom 35% of over 250 industries [8].

Core Viewpoint - Hamilton Insurance is experiencing a mixed performance with a recent stock increase, but upcoming earnings are expected to show a decline in EPS and revenue compared to the previous year [1][2]. Group 1: Stock Performance - Hamilton Insurance's stock rose by 2.07% to $21.17, outperforming the S&P 500's gain of 0.32% [1]. - Over the past month, Hamilton Insurance shares have decreased by 0.53%, while the Finance sector and S&P 500 gained 3.04% and 4.51%, respectively [1]. Group 2: Earnings Expectations - The upcoming earnings report on August 6, 2025, is anticipated to show an EPS of $1.01, reflecting a 15.83% decline from the same quarter last year [2]. - Revenue is projected to be $578.72 million, down 1.57% from the prior-year quarter [2]. Group 3: Full Year Projections - For the full year, earnings are estimated at $3.23 per share, representing an 11.99% decrease, while revenue is projected at $2.6 billion, indicating an 11.45% increase from the previous year [3]. Group 4: Analyst Estimates - Recent changes in analyst estimates for Hamilton Insurance are crucial as they reflect the shifting dynamics of the business [4]. - Upbeat revisions in estimates suggest a favorable outlook on the company's health and profitability [4]. Group 5: Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Hamilton Insurance as 3 (Hold) [6]. - The Forward P/E ratio for Hamilton Insurance is 6.42, compared to the industry average of 9.86, indicating that the company is trading at a discount [7]. Group 6: Industry Context - The Insurance - Multi line industry is part of the Finance sector and holds a Zacks Industry Rank of 92, placing it in the top 38% of over 250 industries [7]. - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with higher-ranked industries outperforming lower-ranked ones [8].

Group 1 - Futu Holdings Limited (FUTU) has seen a 7.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Pan American Silver Corp. (PAAS) has experienced a 9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - RAPT Therapeutics, Inc. (RAPT) has seen a significant increase of 72.1% in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Hamilton Insurance Group, Ltd. (HG) has experienced an 18.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Invesco Ltd. (IVZ) has seen a 7.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Group 1 - Hamilton Insurance Group's shares have increased approximately 31% over the past year, nearing a 52-week high [1] - The company operates as a niche player in the Bermuda insurance market [1] - Hamilton has over fifteen years of experience in making contrarian bets based on macro views and stock-specific turnaround stories [1]

Group 1 - Hamilton Insurance closed at $21.39, marking a +2.3% move from the prior day, outperforming the S&P 500 which gained 0.38% [1] - The stock has risen by 2.45% in the past month, lagging behind the Finance sector's gain of 2.88% and the S&P 500's gain of 6.6% [1] Group 2 - The upcoming earnings release is forecasted to report an EPS of $0.92, indicating a 23.33% decrease from the same quarter last year, with quarterly revenue expected at $578.72 million, down 1.57% year-over-year [2] - For the entire fiscal year, earnings are predicted at $3.15 per share and revenue at $2.59 billion, reflecting changes of -14.17% and +10.96% respectively from the previous year [3] Group 3 - Recent modifications to analyst estimates for Hamilton Insurance indicate changing near-term business trends, with positive alterations suggesting analyst optimism regarding business and profitability [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows Hamilton Insurance currently holds a Zacks Rank of 2 (Buy) [6] Group 4 - Hamilton Insurance has a Forward P/E ratio of 6.64, which is lower than the industry average of 9.92, indicating it is trading at a discount [7] - The Insurance - Multi line industry is part of the Finance sector and currently holds a Zacks Industry Rank of 92, placing it in the top 38% of all industries [7]

[Part I. Financial Information](index=6&type=section&id=Part%20I.%20Financial%20Information) [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) The company's total assets grew to $8.34 billion, while net income declined to $80.9 million in Q1 2025 due to significant catastrophe losses Consolidated Balance Sheet Highlights (Unaudited) | ($ in thousands) | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Investments** | $4,173,272 | $3,814,353 | | **Cash and cash equivalents** | $838,514 | $996,493 | | **Total Assets** | $8,342,831 | $7,796,033 | | **Reserve for losses and loss adjustment expenses** | $3,815,307 | $3,532,491 | | **Total Liabilities** | $5,904,338 | $5,467,196 | | **Total Shareholders' Equity** | $2,399,339 | $2,328,709 | Consolidated Statement of Operations Highlights (Unaudited) | ($ in thousands, except per share) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | **Gross premiums written** | $843,306 | $721,941 | | **Net premiums earned** | $498,928 | $385,303 | | **Total revenues** | $768,781 | $658,645 | | **Losses and loss adjustment expenses** | $395,234 | $232,352 | | **Net income (loss)** | $181,266 | $277,332 | | **Net income (loss) attributable to common shareholders** | $80,872 | $157,174 | | **Diluted income (loss) per share** | $0.77 | $1.38 | [Note 3. Investments](index=13&type=section&id=Note%203.%20Investments) Total investments increased to $4.17 billion, driven by an expanded allocation to Two Sigma Funds and a high-quality fixed income portfolio Fixed Maturity & Short-Term Investments (March 31, 2025) | ($ in thousands) | Amortized Cost | Fair Value | | :--- | :--- | :--- | | U.S. government treasuries | $624,694 | $621,480 | | Corporate | $1,200,219 | $1,204,434 | | Mortgage-backed securities | $401,462 | $389,557 | | **Total fixed maturities** | **$2,436,656** | **$2,425,986** | | **Short-term investments** | **$404,946** | **$406,207** | - Effective January 1, 2025, the company expanded its investment in Two Sigma Funds to include allocations to ATV, HTV, NTV, and KTV, in addition to the existing STV, ESTV, and FTV funds[52](index=52&type=chunk) Investment in Two Sigma Funds | ($ in thousands) | Fair Value (Mar 31, 2025) | Fair Value (Dec 31, 2024) | | :--- | :--- | :--- | | **Total** | **$1,341,079** | **$939,381** | - The company incurred management fees of **$12.4 million** and an incentive allocation of **$100.4 million** related to the TS Hamilton Fund for the three months ended March 31, 2025[54](index=54&type=chunk)[55](index=55&type=chunk) [Note 6. Reinsurance](index=24&type=section&id=Note%206.%20Reinsurance) The company manages risk with $1.33 billion in reinsurance recoverables, primarily from highly-rated partners, and a $200 million catastrophe bond - At March 31, 2025, total reinsurance recoverables on paid and unpaid losses amounted to **$1.327 billion** ($91.7M paid + $1,235.0M unpaid)[86](index=86&type=chunk) Credit Quality of Reinsurance Recoverable (March 31, 2025) | Classification | % of Total | | :--- | :--- | | Collateralized | 23.1% | | A- or better | 76.7% | | Below A- | 0.2% | - The company has a multi-year **$200 million** catastrophe bond via Easton Re for U.S. named storm and earthquake risks, with ceded premiums of **$15.2 million** in Q1 2025[92](index=92&type=chunk) [Note 7. Reserve for Losses and Loss Adjustment Expenses](index=26&type=section&id=Note%207.%20Reserve%20for%20Losses%20and%20Loss%20Adjustment%20Expenses) Gross loss reserves grew to $3.82 billion, with Q1 2025 showing favorable prior year development of $23.7 million - Net favorable prior year development was **$23.7 million** for Q1 2025, driven by favorable development on both attritional ($14.5M) and catastrophe ($9.2M) losses[94](index=94&type=chunk) - This compares to net unfavorable prior year development of **$12.1 million** in Q1 2024, primarily from attritional losses[95](index=95&type=chunk) Net Reserves for Major Events (as of March 31, 2025) | Event | Net Recorded Reserves ($ in millions) | | :--- | :--- | | California Wildfires | $91.2 | | Baltimore Bridge Collapse | $34.9 | | Ukraine Conflict | $59.8 | [Note 8. Segment Reporting](index=28&type=section&id=Note%208.%20Segment%20Reporting) The International segment remained profitable while the Bermuda segment incurred a significant underwriting loss due to catastrophe events Segment Performance - Q1 2025 vs Q1 2024 | ($ in thousands) | International (Q1 2025) | Bermuda (Q1 2025) | International (Q1 2024) | Bermuda (Q1 2024) | | :--- | :--- | :--- | :--- | :--- | | **Gross premiums written** | $369,959 | $473,347 | $320,841 | $401,100 | | **Net premiums earned** | $240,567 | $258,361 | $196,814 | $188,489 | | **Underwriting income (loss)** | $815 | $(59,074) | $5,315 | $27,207 | | **Combined ratio** | 99.7% | 122.8% | 97.2% | 85.5% | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Gross premiums grew 16.8%, but profitability was severely impacted by $159.7 million in catastrophe losses, resulting in an underwriting loss [Summary Results of Operations](index=41&type=section&id=Summary%20Results%20of%20Operations) The company reported a consolidated underwriting loss of $58.3 million, driven by a high loss ratio from catastrophe events Consolidated Key Ratios | Ratio | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Loss and loss adjustment expense ratio | 79.2% | 60.3% | | Acquisition cost ratio | 23.4% | 21.9% | | Other underwriting expense ratio | 9.0% | 9.3% | | **Combined ratio** | **111.6%** | **91.5%** | - Current year catastrophe losses from the California wildfires were **$159.7 million** in Q1 2025, compared to **$0** in Q1 2024[157](index=157&type=chunk)[159](index=159&type=chunk) - The current year attritional loss ratio improved to **51.9%** from 57.2%, benefiting from the absence of large non-catastrophe losses like the Baltimore Bridge collapse which impacted Q1 2024[157](index=157&type=chunk) - The TS Hamilton Fund generated income of **$204.0 million** before non-controlling interest, compared to $262.8 million in Q1 2024, producing a net return of **5.5%** after fees and incentive allocations[161](index=161&type=chunk)[163](index=163&type=chunk) [International Segment](index=46&type=section&id=International%20Segment) The segment's gross premiums grew 15.3%, but underwriting income was minimal due to $29.0 million in catastrophe losses International Segment Gross Premiums Written | ($ in thousands) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Property | $54,526 | $37,704 | | Casualty | $135,563 | $121,165 | | Specialty | $179,870 | $161,972 | | **Total** | **$369,959** | **$320,841** | - The combined ratio increased to **99.7%** from 97.2% in Q1 2024, with the loss ratio rising to **60.6%** from 59.0%, driven by a **12.1%** current year catastrophe loss ratio[172](index=172&type=chunk)[176](index=176&type=chunk) [Bermuda Segment](index=50&type=section&id=Bermuda%20Segment) Gross premiums grew 18.0%, but the segment suffered a $59.1 million underwriting loss due to $130.6 million in catastrophe losses Bermuda Segment Gross Premiums Written | ($ in thousands) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Property | $223,077 | $190,472 | | Casualty | $179,534 | $130,729 | | Specialty | $70,736 | $79,899 | | **Total** | **$473,347** | **$401,100** | - The combined ratio increased to **122.8%** from 85.5% in Q1 2024, with the loss ratio surging to **96.6%** from 61.6%, driven by a **50.6%** current year catastrophe loss ratio[185](index=185&type=chunk)[188](index=188&type=chunk) [Financial Condition, Liquidity and Capital Resources](index=61&type=section&id=Financial%20Condition%2C%20Liquidity%20and%20Capital%20Resources) The company maintains a strong financial position with $5.1 billion in cash and investments and robust liquidity - Total cash and investments increased to **$5.09 billion** at March 31, 2025, from $4.92 billion at December 31, 2024[235](index=235&type=chunk) - The fixed income portfolio has an average credit quality of **Aa3** and an expected average duration of **3.4 years**[238](index=238&type=chunk)[239](index=239&type=chunk) - The company has a **$150 million** term loan maturing in June 2025 and total available letter of credit and revolving loan facilities of **$1.045 billion**, of which $714.8 million was in use[113](index=113&type=chunk)[272](index=272&type=chunk) - Under its **$150 million** share repurchase authorization, the company repurchased 0.5 million Class B shares for **$10.3 million** in Q1 2025, with **$111.7 million** remaining available for purchase[126](index=126&type=chunk)[264](index=264&type=chunk) [Financial Strength Ratings](index=71&type=section&id=Financial%20Strength%20Ratings) Key operating subsidiaries received upgraded financial strength ratings from A.M. Best to 'A' (Excellent) - On April 30, 2024, A.M. Best upgraded the Financial Strength Rating of Hamilton Re and HIDAC to **'A' (Excellent)** from 'A-' (Excellent)[276](index=276&type=chunk) - Hamilton Select's A.M. Best rating was affirmed at **'A-' (Excellent)**[275](index=275&type=chunk) - The Lloyd's syndicate benefits from the market's strong ratings, including **'A+'** from A.M. Best and **'AA-'** from S&P, KBRA, and Fitch[278](index=278&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=72&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's principal market risks remain materially unchanged from its 2024 year-end disclosures - There were no material changes to the market risks disclosed in the company's 2024 Form 10-K[285](index=285&type=chunk) [Controls and Procedures](index=72&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal controls over financial reporting were effective - Management concluded that disclosure controls and procedures were **effective** as of May 8, 2025[286](index=286&type=chunk) - There were **no changes** in internal control over financial reporting during the quarter ended March 31, 2025, that have materially affected, or are reasonably likely to materially affect, internal controls[287](index=287&type=chunk) [Part II. Other Information](index=73&type=section&id=Part%20II.%20Other%20Information) [Legal Proceedings](index=73&type=section&id=Item%201.%20Legal%20Proceedings) Information on legal proceedings is incorporated by reference from the 2024 annual report - Details on legal proceedings are incorporated by reference from the 2024 Form 10-K[288](index=288&type=chunk) [Risk Factors](index=73&type=section&id=Item%201A.%20Risk%20Factors) Risk factors are incorporated by reference from the 2024 annual report - Risk factors are incorporated by reference from the 2024 Form 10-K[289](index=289&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=73&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased 843,664 common shares in Q1 2025, with $111.7 million remaining under its authorization Share Repurchases for Q1 2025 | Month (2025) | Shares Purchased (Public Program) | Shares Purchased (Other) | Total Shares Purchased | | :--- | :--- | :--- | :--- | | January | 0 | 150,623 | 150,623 | | February | 0 | 104,680 | 104,680 | | March | 495,487 | 92,874 | 588,361 | | **Total** | **495,487** | **348,177** | **843,664** | - As of March 31, 2025, **$111.7 million** remained available for repurchase under the company's $150 million authorization[291](index=291&type=chunk) [Other Information](index=73&type=section&id=Item%205.%20Other%20Information) A Rule 10b5-1 trading plan for a company officer was terminated in March 2025 - On March 17, 2025, company officer Megan Graves terminated a Rule 10b5-1 trading plan that was established on December 13, 2024[295](index=295&type=chunk)

Financial Data and Key Metrics Changes - Hamilton Insurance Group reported a net income of $81 million for Q1 2025, representing a 13.7% annualized return on average equity, compared to $157 million and 29.5% in Q1 2024 [19][22] - The gross premiums written increased by 17% to $843 million from $722 million year-over-year [21][28] - The combined ratio rose to 111.6% from 91.5% in the prior year, primarily due to catastrophe losses [22][27] - The attritional loss ratio decreased by 5.3 points to 51.9% compared to the first quarter last year [23][28] Business Line Data and Key Metrics Changes - The Bermuda segment's gross premiums written grew by 18% to $473 million, driven by casualty and property classes [27] - The International segment's gross premiums written increased by 15% to $370 million, primarily due to growth in property, casualty, and specialty insurance classes [25][26] - The Bermuda segment reported an underwriting loss of $59 million, while the International segment had an underwriting income of $1 million [25][27] Market Data and Key Metrics Changes - The catastrophe loss ratio for the quarter was 30.2%, with net losses from California wildfires estimated at $143 million [5][22] - The company noted that the property cat business remains attractively priced with improved terms and conditions [9][15] Company Strategy and Development Direction - Hamilton is focusing on selective growth in the casualty line, leveraging its AM Best rating upgrade to capture new business opportunities [8][10] - The company aims to maintain a disciplined approach to underwriting, particularly in casualty, by building strong relationships with key clients [10][54] - Management expressed confidence in navigating economic uncertainties and maintaining double-digit growth in the top line [16][18] Management Comments on Operating Environment and Future Outlook - Management acknowledged ongoing economic and geopolitical uncertainties, including tariffs and potential recession impacts, but remains optimistic about the insurance market's resilience [16][18] - The company anticipates manageable exposure to loss cost inflation, particularly in property lines, and is prepared to adjust its strategies accordingly [17][18] Other Important Information - Total net investment income for Q1 was $167 million, up from $148 million in the same quarter last year [28][29] - The company repurchased $10 million of shares during the quarter, with $112 million remaining under its share repurchase authorization [30][31] Q&A Session Summary Question: Insights on casualty line of business and loss trend assumptions - Management noted strong client response to the AM Best upgrade, with casualty premium growth of $40 million in Q1, indicating low to mid-teens loss trends [37][38] Question: Clarification on combined ratio and attritional loss ratio movements - Management explained that current year attritional loss picks align with expectations, influenced by the mix of business, and advised looking at full-year 2024 loss ratios for guidance [40][42] Question: Impact of business mix on expense ratio - Management indicated that the increase in acquisition expenses was due to a shift in business mix and profit commissions, while other underwriting expenses are expected to decline as the book scales [48][50] Question: Clarification on Two Sigma returns - Management confirmed that the Two Sigma return of 7.9% was year-to-date through April, with a 5.5% return reported through March [56][70] Question: Buyback strategy and growth outlook - Management stated that there are no constraints on growth or buybacks, emphasizing sufficient capital for both initiatives [60][61]

Financial Data and Key Metrics Changes - Hamilton Insurance Group reported a net income of $81 million for Q1 2025, representing a 13.7% annualized return on average equity, compared to $157 million and 29.5% in Q1 2024 [19][22] - The gross premiums written increased by 17% to $843 million from $722 million year-over-year [21][22] - The combined ratio rose to 111.6% from 91.5% in the prior year, primarily due to catastrophe losses [22] - The attritional loss ratio decreased by 5.3 points to 51.9% compared to the first quarter last year [23] Business Line Data and Key Metrics Changes - The Bermuda segment's gross premiums written grew by 18% to $473 million, driven by casualty and property classes [26] - The International segment's gross premiums written increased by 15% to $370 million, primarily due to growth in property, casualty, and specialty insurance classes [25] - The Bermuda segment reported an underwriting loss of $59 million, while the International segment had an underwriting income of $1 million [25][27] Market Data and Key Metrics Changes - The catastrophe loss ratio for the quarter was 30.2%, with net losses from California wildfires estimated at $143 million [4][22] - The company noted that the property cat business remains attractively priced with improved terms and conditions [8][14] Company Strategy and Development Direction - Hamilton is focusing on selective growth in the casualty line, leveraging its AM Best rating upgrade to capture new business opportunities [7][38] - The company is maintaining a disciplined approach to underwriting, emphasizing strong relationships with key clients [9][52] - Hamilton is monitoring pricing trends closely and is prepared to adjust its underwriting appetite as needed [14] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating economic and geopolitical uncertainties, including potential recession impacts [16][17] - The company anticipates continued double-digit growth in its top line, supported by stable attritional loss ratios and a strong balance sheet [17][31] Other Important Information - Total net investment income for Q1 was $167 million, up from $148 million in the prior year [28] - The company repurchased $10 million of shares during the quarter, with $112 million remaining under its share repurchase authorization [30][60] Q&A Session Summary Question: Insights on casualty line of business and loss trend assumptions - Management noted a favorable market environment with low to mid-teens loss trends for casualty lines, emphasizing selective client partnerships [38] Question: Clarification on combined ratio movements - Management indicated that current year attritional loss picks align with expectations, influenced by the mix of business written [41] Question: Impact of business mix on expense ratio - The increase in acquisition expenses was attributed to a shift in business mix and higher profit commissions [47] Question: Confidence in casualty business quality - Management highlighted a selective approach to casualty growth, focusing on clients with strong underwriting cultures [52] Question: Clarification on Two Sigma returns - The reported return of 7.9% was a year-to-date figure through April [55]

Company Performance - Hamilton Insurance reported quarterly earnings of $0.47 per share, significantly exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $1.38 per share a year ago, representing an earnings surprise of 1,075% [1] - The company posted revenues of $768.78 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 31.08%, compared to $658.65 million in the same quarter last 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 Outlook - The immediate price movement of Hamilton Insurance's stock will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.01 on revenues of $617.28 million, and for the current fiscal year, it is $2.66 on revenues of $2.48 billion [7] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market 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, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]