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Hamilton Insurance 2025 Third Quarter Results Hamilton Insurance Group today announced financial results for the third quarter ended September 30, 2025. Commenting on the results, Pina Albo, CEO of Hamilton, said: “Hamilton’s strong quarterly performance, highlighted by net income of $136 million and an annualized return on average equity of 21%, resulted in 6% growth in book value per share for the quarter and 18% for the year to date. “Our combined ratio of 87.8%, which resulted in $64 million of underwriting income, is a testament to our talented global team: a group of professionals who know how to navigate a market requiring both discipline and expertise. Our investment results were also impressive, with both our traditional fixed income portfolio and the Two Sigma Hamilton Fund posting solid returns. “I am very pleased with Hamilton’s financial results for the third quarter of 2025, as they demonstrate a strong synergy between underwriting and investment performance.” Consolidated Highlights – Third Quarter Net income of $136.2 million, or $1.32 per diluted share and operating income of $123.1 million, or $1.20 per diluted share; Annualized return on average equity of 20.9% and annualized operating return on average equity of 18.9%; Gross premiums written of $698.8 million, an increase of 26.3% compared to the third quarter of 2024; Net premiums earned of $523.0 million, an increase of 16.5% compared to the third quarter of 2024; Combined ratio of 87.8%; Underwriting income of $64.1 million; Net investment income of $97.6 million, comprised of Two Sigma Hamilton Fund returns of $54.2 million, and fixed income, short term and cash and cash equivalents returns of $43.4 million; and Repurchased common shares of $40.5 million in the third quarter of 2025. Consolidated Highlights – Year to Date Net income of $404.5 million, or $3.88 per diluted share and operating income of $334.3 million, or $3.20 per diluted share; Annualized return on average equity of 21.6% and annualized operating return on average equity of 17.9%; Gross premiums written of $2.3 billion, an increase of 20.0% compared to the same period in 2024; Net premiums earned of $1.5 billion, an increase of 22.4% compared to the same period in 2024; Combined ratio of 95.2%; Underwriting income of $73.3 million; California wildfires losses of $142.8 million, net of reinsurance and $16.9 million of reinstatement premiums; Net investment income of $413.7 million, comprised of Two Sigma Hamilton Fund returns of $244.9 million, and fixed income, short term and cash and cash equivalents returns of $168.8 million; Book value per share of $27.06, an increase of 17.9% compared to December 31, 2024; and Repurchased common shares of $85.8 million in 2025. #BermudaBusiness #HamiltonRe Category: All, Business
