Financial Performance - Net income for Q3 2024 was $78.3 million, or $0.74 per diluted share, representing a significant increase from $43.6 million in Q3 2023[3][7] - Year-to-date net income reached $366.5 million, with an annualized return on average equity of 22.4%[4] - Net income attributable to common shareholders was $366.5 million, compared to $131.9 million in the previous year, representing a significant increase of $234.6 million[13] - Net income attributable to common shareholders for the three months ended September 30, 2024, was $78,250 thousand, compared to $43,583 thousand in 2023, representing an increase of 79.7%[30] Premiums and Underwriting - Gross premiums written increased by 16.7% to $553.4 million compared to Q3 2023, with net premiums earned rising by 33.2% to $448.8 million[3][8] - The International Segment saw gross premiums written increase by 6.0% to $325.5 million, while the Bermuda Segment experienced a 36.5% increase to $227.9 million[10][11] - Gross premiums written increased by $361.4 million, or 23.8%, to $1.9 billion, with a 15.1% increase in the International Segment and a 34.4% increase in the Bermuda Segment[14] - Net premiums written rose by $351.1 million, or 31.4%, to $1.5 billion, with increases of 24.2% in the International Segment and 38.6% in the Bermuda Segment[14] - Net premiums earned increased by $300.5 million, or 31.5%, to $1.3 billion, with a 26.3% increase in the International Segment and a 37.4% increase in the Bermuda Segment[14] - The combined ratio for Q3 2024 was 93.6%, slightly up from 92.6% in Q3 2023, indicating continued underwriting discipline despite catastrophe losses[2][8] - The combined ratio improved to 89.9%, a decrease of 0.3 percentage points from 90.2% in the previous year[14] - Underwriting income for the three months ended September 30, 2024, was $29,094 thousand, up from $24,866 thousand in 2023, indicating a growth of 16.4%[33] Investment Income - Net investment income for Q3 2024 was $82.8 million, with a notable loss of $11.1 million from the Two Sigma Hamilton Fund[3] - Net investment income for the three months ended September 30, 2024, was $17,330 thousand, compared to $8,069 thousand in 2023, reflecting a significant increase of 114.0%[27] Expenses - Corporate expenses for the year-to-date totaled $41.8 million, including $7.5 million related to the Value Appreciation Pool[4] - Other underwriting expenses for Q3 2024 were $48,332 thousand, an increase of 4.4% from $44,357 thousand in Q3 2023[38] - Corporate expenses decreased to $14,060 thousand in Q3 2024 from $18,678 thousand in Q3 2023, reflecting a reduction of 25.5%[38] - General and administrative expenses for the nine months ended September 30, 2024, totaled $182,164 thousand, up 15.2% from $158,075 thousand in the same period of 2023[38] Assets and Equity - Book value per share increased by 22.8% to $22.82 compared to December 31, 2023[4] - Total invested assets and cash increased to $4.6 billion from $4.0 billion at the end of 2023[19] - Total shareholders' equity rose to $2.3 billion from $2.0 billion at the end of 2023[19] - Total assets increased to $7,826,547 thousand as of September 30, 2024, up from $6,671,355 thousand at December 31, 2023, representing a growth of approximately 17.3%[25] - Cash and cash equivalents rose to $957,372 thousand as of September 30, 2024, compared to $794,509 thousand at December 31, 2023, an increase of 20.6%[25] Catastrophe Losses - The company estimates losses from Hurricane Milton to be between $30 million and $70 million, which will impact Q4 2024 results[5] - Catastrophe losses totaled $38.5 million, primarily driven by Hurricane Helene, the Calgary hailstorms, and Hurricane Debby[15] Risks and Challenges - The company anticipates continued growth in its market position and profitability, although actual results may vary due to various risks and uncertainties[39] - The insurance and reinsurance business is historically cyclical, and pricing for products may decline, impacting profitability and premium growth[40] - Significant foreign operations expose the company to additional risks, including foreign currency and political risks[40] - The company faces potential challenges in accurately assessing underwriting risk and maintaining broker relationships, which could adversely affect operations[40] - The company is dependent on key executives and may face difficulties in attracting qualified personnel in competitive hiring conditions[41] - Future capital needs may arise, and there is a risk that capital may not be available on favorable terms[42] - The company may encounter operational failures or issues with information systems that could impact financial results[42]

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 ...

Investor Presentation Hamilton Insurance Group, Ltd. June 30, 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 exp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ __________________________________ Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: Title of each class Trading Symbol(s) Name of each exchange on which registered Class B common shares, par value $0.01 per share HG New York Stock Exchange FORM 10-Q __________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...