Hamilton Reports 2024 First Quarter Results
Hamilton Insurance Group, Ltd. (HG)
Company Research
Source: Business Wire
Net Income of $157 Million; Six Consecutive Quarters of Underwriting Income PEMBROKE, Bermuda--(BUSINESS WIRE)--Hamilton Insurance Group, Ltd. (NYSE: HG; “Hamilton” or “the Company”) today announced financial results for the first quarter ended March 31, 2024.Commenting on the financial results, Pina Albo, CEO of Hamilton, said:“I am very proud of Hamilton’s financial results for the first quarter. Not only did we generate strong underwriting and investment returns but also, this quarter marks our sixth consecutive quarter of underwriting profitability. I am also extremely pleased about our ability to take advantage of market opportunities with another quarter of double-digit growth, a momentum we expect will be enhanced by our recent AM Best ratings upgrade.”Consolidated Highlights – First QuarterNet income of $157.2 million;Annualized return on average equity of 29.5%;Gross premiums written of $721.9 million, an increase of 34.1% compared to the first quarter of 2023;Net premiums
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News
- Hamilton Insurance Group, Ltd. (NYSE: HG) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $21.00 price target on the stock, up previously from $20.00.MarketBeat
- Hamilton Insurance Group, Ltd. (NYSE: HG) was upgraded by analysts at Keefe, Bruyette & Woods to a "moderate buy" rating.MarketBeat
- Hamilton Appoints Wilfred Chin as Group Chief ActuaryBusiness Wire
- Hamilton Insurance Group, Ltd. (NYSE: HG) had its price target raised by analysts at Wells Fargo & Company from $16.00 to $19.00. They now have an "overweight" rating on the stock.MarketBeat
- Hamilton Insurance Group, Ltd. (NYSE: HG) had its price target raised by analysts at JMP Securities from $22.00 to $23.00. They now have a "market outperform" rating on the stock.MarketBeat
HG
Earnings
- 5/8/24 - Beat