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6th December 2023
Hamilton reports Net Income of $43.6m and GWP growth of 18.3% in third quarter
Hamilton Insurance Group has announced financial results for the third quarter
Pina Albo, ceo, comments: “It has been a momentous few weeks for Hamilton having closed our initial public offering on 14th November, and we are pleased to be reporting our first quarterly results as a public company.
For the quarter ended 30th September, Hamilton recorded net income of $44m and a combined ratio of 92.6. For the nine months year to date, net income was $132m and the combined ratio was 90.2.
These results reflect the remarkable transformation of our business over the past few years, notably our commitment to underwriting profitability. I am incredibly proud of the Hamilton team and what we have achieved together.
Hamilton will continue to lean into the current market with the benefit of newly raised capital. Our underwriting platforms in Bermuda, at Lloyd’s and in the US are focused on specialty insurance and reinsurance, and we see tremendous opportunity to expand our business and relationships with key customers and intermediaries.”
Hamilton Trends(35 articles)