Quarterly ResultApr 30, 2026, 04:26 PM
HG Q1 Net Income $133.5M (+65%); Operating Income $166.7M (+237%)
AI Summary
Hamilton Insurance Group reported strong first quarter 2026 results with net income of $133.5 million, up 65% year-over-year, and operating income of $166.7 million, a 237% increase. The company achieved an improved combined ratio of 89.8% and saw gross premiums written increase by 11.5% to $940.1 million. Hamilton also declared a special dividend of $2.00 per share and repurchased $19.7 million in common shares.
Key Highlights
- Net income increased 65% to $133.5 million, with an annualized return on average equity of 19.3%.
- Operating income surged 237% to $166.7 million, achieving an operating return on average equity of 24.1%.
- Gross premiums written grew 11.5% to $940.1 million, with net premiums earned up 14.3% to $570.5 million.
- Combined ratio significantly improved to 89.8% from 111.6% in Q1 2025, driven by zero catastrophe losses.
- International Segment gross premiums written rose 19.7% to $442.9 million, with a combined ratio of 97.5%.
- Bermuda Segment gross premiums written increased 5.0% to $497.2 million, with a combined ratio of 81.8%.
- Declared a special dividend of $2.00 per share ($205.8 million) and repurchased $19.7 million of common shares.
- Book value per share plus accumulated dividends increased 3.2% to $29.42.