Hamilton's premium growth overshadowed by sharp decline in profits. Hamilton Insurance Group's underwriting profitability came under pressure in the third quarter of 2026 as adverse development from the Ukraine conflict and a shift in business mix overshadowed double-digit premium growth. The Bermuda-headquartered re/insurer reported a sharp deterioration in its combined ratio, 9.5 percentage points, landing on 97.3% from 87.8% in the same period the year prior, with its Bermuda operations particularly affected by unfavourable prior-year development relating to the Ukraine conflict, absorbing $42.6 million of the $47.1 million adverse development. $6.8 million in losses from the Middle East conflict brought the consolidated catastrophe loss total to $53.9 million. The results also highlighted growing pressure on underlying underwriting performance as Hamilton expanded its casualty reinsurance portfolio. Net income tumbled to $81.5 million in the third quarter 2026 compared to $136.2 million in the same quarter of 2025. Underwriting income fell to $15.5 million from $64.1 million a year earlier, with the Bermuda segment accounting for the majority of the decline. Gross premiums written jumped to $819.7 million, an increase of 17.3% compared to the third quarter of 2025, which finished at $698.8 million; this was driven by a 20.1% increase in the International Segment and 13.9% in the Bermuda Segment. Pina Albo, CEO, maintained a positive outlook: "Hamilton delivered exceptional third quarter results, with operating income of $180 million, representing an annualised operating return on average equity of 25%. Gross premiums written increased 17%, reflecting its ability to find attractive opportunities that contribute to the bottom line. Despite a transitioning market and ongoing geopolitical tensions, Hamilton continues to deliver consistent performance, reflecting the benefits of its diversified platform and its team's ability to navigate the current dynamic market conditions." Editor's picks. Re/insurance 30 October 2026 Re/insurance 30 October 2026 Re/insurance 30 October 2026 Re/insurance 30 October 2026 Re/insurance 7 September 2026 14 August 2026

Hamilton profits fall 40% on Ukraine provisions. Created: Oct 29, 2026 05:58 PM (Updated: Oct 29, 2026 05:59 PM) Dynamic conditions: Pina Albo, CEO of Hamilton Insurance Group (File photograph) Hamilton Insurance Group's third-quarter net income fell 40 per cent year over year, as additional provisions for Ukraine conflict claims weighed on underwriting results. The Bermudian-based insurer and reinsurer earned $81.5 million, down from $136.2 million in the third quarter of 2025. The earnings broke down to 81 cents per diluted share, compared with $1.32 last year. Underwriting income fell to $15.5 million from $64.1 million, while the combined ratio deteriorated to 97.3 per cent from 87.8 per cent. A ratio below 100 per cent indicates an underwriting profit. Hamilton recorded $53.9 million in catastrophe losses, net of reinsurance, comprising $47.1 million of adverse development on prior-year Ukraine conflict claims and $6.8 million relating to the Middle East conflict. These were partly offset by $27.2 million of favourable development on prior-year attritional claims, primarily in certain specialty classes. Gross premiums written rose 17.3 per cent to $819.7 million, with growth across both operating segments. Net premiums earned increased 13.1 per cent to $591.3 million. Operating income was $179.9 million, or $1.78 per diluted share, generating an annualised operating return on average equity of 24.9 per cent. The annualised return on average equity based on net income was 11.3 per cent. Pina Albo, Hamilton's chief executive, said: "Gross premiums written increased 17 per cent, reflecting our ability to find attractive opportunities that contribute to the bottom line." She added: "Despite a transitioning market and ongoing geopolitical tensions, Hamilton continues to deliver consistent performance, reflecting the benefits of our diversified platform and our team's ability to navigate the current dynamic market conditions." Underwriting income at Hamilton Re, the company's Bermuda segment, declined to $6.6 million from $52.3 million, as its combined ratio rose to 97.7 per cent from 80.7 per cent. The segment absorbed $42.6 million in additional Ukraine conflict losses and reported a change in business mix, with a shift towards casualty reinsurance. Bermuda gross premiums written increased 13.9 per cent to $363.4 million, driven by casualty and specialty reinsurance. The international segment grew gross premiums written by 20.1 per cent to $456.3 million. Its underwriting income slipped to $9 million from $11.8 million, with a combined ratio of 97.1 per cent. Net investment income totalled $88.4 million, comprising $144.7 million in Two Sigma Hamilton Fund returns, offset by $56.3 million in losses from fixed-income, short-term and cash investments. For the first nine months, net income fell to $358.8 million from $404.5 million, although underwriting income increased to $102.2 million from $73.3 million. Book value per share reached $29.80, up 4.6 per cent this year. Including the $2 special dividend paid in March, growth was 11.6 per cent. Hamilton repurchased $44.9 million of common shares during the first nine months of the current financial year. - This story was generated by machine and edited by The Royal Gazette newsroom

Hamilton Insurance Group (HG) projected to post quarterly earnings on Thursday. Hamilton Insurance Group (NYSE:HG - Get Free Report) will likely be announcing its Q3 2026 results after the market closes on Thursday, October 29th. Analysts expect Hamilton Insurance Group to announce earnings of $0.8980 per share and revenue of $693.46 million for the quarter. Investors may visit the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Friday, October 30, 2026 at 9:30 AM ET. Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. The business had revenue of $839.58 million during the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. On average, analysts expect Hamilton Insurance Group to post $4.90 EPS for the current fiscal year and $4.36 EPS for the next fiscal year. Hamilton Insurance Group stock up 0.0%. NYSE:HG opened at $36.52 on Thursday. The firm has a market capitalization of $3.60 billion, a P/E ratio of 5.92 and a beta of 0.36. Hamilton Insurance Group has a 1-year low of $22.66 and a 1-year high of $37.31. The company's fifty day moving average price is $34.82 and its 200-day moving average price is $33.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. Insider buying and selling at Hamilton Insurance Group. In related news, Director David Brown sold 50,000 shares of the firm's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the sale, the director owned 400,000 shares in the company, valued at approximately $14,448,000. This trade represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy Duffin sold 28,500 shares of Hamilton Insurance Group stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total transaction of $984,105.00. Following the completion of the transaction, the insider directly owned 223,459 shares of the company's stock, valued at $7,716,039.27. The trade was a 11.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.02% of the stock is currently owned by company insiders. Wall Street analyst weigh in. A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Citigroup reaffirmed a "neutral" rating on shares of Hamilton Insurance Group in a report on Wednesday, August 12th. Barclays increased their price target on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 7th. Wall Street Zen lowered Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Wells Fargo & Company reduced their price objective on Hamilton Insurance Group from $41.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.00. About Hamilton Insurance Group. Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides underwriting capacity for commercial and specialty risks, serving businesses, insurers and other clients in selected global markets. Hamilton's offerings include property and casualty insurance, specialty lines and reinsurance. Its business is conducted through platforms in Bermuda, the United States and the United Kingdom, with products and coverage tailored to complex or niche risks that may require specialized underwriting expertise. Founded in 2013, Hamilton has developed a multinational operating platform that combines insurance and reinsurance capabilities. Further reading. Receive News & Ratings for Hamilton Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.