Hamilton Reports 2024 Third Quarter Results
Hamilton Insurance Group, Ltd. (HG)
Company Research
Source: Business Wire
Net Income of $78 million; Annualized YTD Return on Average Equity of 22.4% PEMBROKE, Bermuda--(BUSINESS WIRE)--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 Stock Exchange listed firm we are today. At the time of our IPO, we re-affirmed the achievement of sustainable underwriting profitability as one of our key objectives.Our strong results this quarter and on a year to date basis demonstrate our ability to execute this important goal. This quarter, Hamilton reported a combined ratio of 93.6%, despite catastrophe losses from Hurricane Helene and other large loss events. Both of our segments, International and Bermuda, produced profitable underwriting results. On a year to date basis,
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News
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- Hamilton Insurance Group, Ltd. (NYSE: HG) had its price target raised by analysts at Wells Fargo & Company from $20.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
- Hamilton to Report Third Quarter 2024 Financial Results on November 6, 2024Business Wire
HG
Earnings
- 11/6/24 - Beat