Hamilton Insurance Group, Ltd. Class B Common Shares - $HG STOCK NEWS

Hamilton Insurance Group, (NYSE: HG) reported strong financial results for the first quarter of 2024, with a net income of $157.2 million, marking the sixth consecutive quarter of underwriting profitability. The company saw significant growth in gross premiums written, net premiums earned, and underwriting income. The return on average equity was 29.5%, with an annualized gross premiums written increase of 34.1% compared to the same period in 2023. Hamilton's financial performance was bolstered by an AM Best ratings upgrade, enhancing market opportunities.

Hamilton Insurance Group, (NYSE: HG) announced that AM Best upgraded the Financial Strength Rating of its subsidiaries, Hamilton Re, and Hamilton Insurance DAC, to 'A' (Excellent) from 'A-' (Excellent). The Long-Term Issuer Credit Ratings also improved to 'a' (Excellent). AM Best highlighted Hamilton's strong balance sheet, adequate operating performance, and improving underwriting results over the past five years. The upgrade reflects the company's dedication to building a global specialty insurance and reinsurance company.

Hamilton Insurance Group, (NYSE: HG) announced the appointment of Athena Tolosa as Chief Financial Officer at Hamilton Re, replacing Chad Cundliffe. Tolosa will report to Hamilton Re Chief Executive Officer Megan Thomas and Group Chief Accounting Officer Brian Deegan. With an 18+ year career in the (re)insurance industry, Tolosa brings significant experience from roles at RenaissanceRe and Tokio Millenium Re. Her appointment is seen as a valuable addition to the finance team.

Hamilton Insurance Group, (NYSE: HG) will release its Q1 2024 financial results on May 8, 2024, followed by a conference call on May 9, 2024, to discuss the results. Investors can access the call via phone or webcast.

Hamilton Insurance Group, Ltd. (NYSE: HG) sponsors a new catastrophe bond through Easton Re Ltd., providing $200 million risk transfer capacity. The bond protects against US named storm and North American earthquake risks. The successful bond issuance highlights investor confidence in Hamilton, securing more retrocession than targeted at a better price.

Hamilton Insurance Group, Ltd. (HG) appoints Dr. Therese Vaughan and Neil Patterson to its Board of Directors, effective March 11, 2024. Vaughan brings vast insurance regulation expertise, while Patterson has a strong background in audit and risk management. The company expresses gratitude to retiring Chair Pauline Richards for her 10 years of service.

Hamilton Insurance Group, Ltd. (NYSE: HG) announced strong financial results for Q4 and full year 2023, showcasing a net income of $126.9 million for Q4 and $258.7 million for the full year. The company reported a return on average equity of 26.4% for Q4 and 13.9% for the full year, with gross premiums written of $433.8 million for Q4 and $1,951.0 million for the full year. The combined ratio stood at 90.2% for Q4 and 90.1% for the full year.

Hamilton Insurance Group, Ltd. (NYSE: HG) will release its fourth quarter 2023 financial results on March 6, 2024, followed by a conference call on March 7, 2024, to discuss the results. The call can be accessed via phone or webcast, with a replay available afterwards.

Hamilton Insurance Group, Ltd. (NYSE: HG) has appointed Jamie Secor as Chief Underwriting Officer at Hamilton Select, its US excess and surplus lines insurer. Secor brings over 20 years of underwriting and senior management experience, having previously worked at Kinsale Insurance Company and State Farm Insurance. Hamilton Select, with a Financial Strength Rating of A- from A.M. Best Company, Inc., aims to increase its market penetration in the E&S market.