Hamilton Insurance Group Reports $740.8 Million in Quarterly Revenues, Significant Growth in Premiums

Hamilton Insurance Group, Ltd. reported significant financial performance improvements in its latest quarterly filing, with total revenues reaching $740.8 million for the three months ended June 30, 2025, compared to $587.9 million for the same period in 2024. The company’s net income attributable to common shareholders was $187.4 million, translating to a diluted earnings per share of $1.79, up from $1.20 in the prior year. For the first half of 2025, gross premiums written increased to $1.6 billion, a 17.3% rise from $1.3 billion in the first half of 2024, driven by growth in both reinsurance and insurance classes.

The company experienced a notable increase in its underwriting income, which reached $9.2 million for the six months ended June 30, 2025, down from $97.8 million in the same period last year. This decline was attributed to higher losses and loss adjustment expenses, which totaled $665.2 million for the first half of 2025, compared to $446.8 million in 2024. The combined ratio for the first half of 2025 was 99.1%, indicating a slight deterioration from 87.9% in the previous year, primarily due to increased catastrophe losses and acquisition costs.

Strategically, Hamilton Insurance Group has continued to expand its operations, with gross premiums written in the Bermuda segment increasing by 21.3% to $840.6 million, while the International segment saw a 13.0% rise to $714.8 million. The company also reported a significant increase in its investment portfolio, with total investments rising to $4.5 billion as of June 30, 2025, compared to $3.8 billion at the end of 2024. This growth was largely driven by the performance of the Two Sigma Hamilton Fund, which saw its fair value increase to $1.5 billion.

Operationally, Hamilton Insurance Group's employee headcount has grown to over 600, reflecting its commitment to expanding its underwriting teams in response to increased premium volumes. The company has also maintained a strong liquidity position, with total cash and cash equivalents amounting to $1.1 billion as of June 30, 2025. Looking ahead, Hamilton Insurance Group anticipates continued growth opportunities in both the insurance and reinsurance markets, supported by its diversified underwriting platforms and a disciplined approach to capital management. The company remains focused on achieving sustainable underwriting profitability while navigating evolving market conditions.