Hamilton (HG) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, February 20, 2026 astatine 9:42 AM CST 39 min read

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Friday, Feb. 20, 2026 astatine 9 a.m. ET

• Chief Executive Officer — Pina Albo

• Chief Financial Officer — Craig William Howie

• Operator

Pina Albo: I privation to instrumentality a infinitesimal to bespeak connected however acold we person travel astatine Hamilton Insurance Group, Ltd. We person been a nationalist institution since November 2023 and since then, we person delivered consistently beardown results. Results that allowed tangible publication worth per stock to turn 67% since the IPO. That is simply a singular accomplishment by anyone's measure. With that intro, and earlier I stock much details connected our quarterly results, determination are 3 cardinal drivers I would similar to constituent to that underpin the sustainability of our performance. First, the Hamilton team. Namely our beardown operational and underwriting culture.

Our underwriters are method and experienced successful rhythm management, leaning successful and leaning retired erstwhile and wherever rates, terms, and conditions are attractive, and erstwhile and wherever this is not the case. This attack has allowed america to station different twelvemonth of grounds show successful 2025, truthful kudos to you, Team Hamilton. Second, our occurrence is rooted successful relationships, namely those we person built with clients and brokers crossed our hybrid platform. For reinsurance, our cardinal lawsuit strategy, which involves supporting targeted partners crossed aggregate lines, has created wide and resilient trading relationships allowing america to unafraid the signings we people adjacent successful competitory environments.

Across our security platforms, our specialized merchandise offering and method expertise service arsenic beardown differentiators, positioning america good with our producers. And past but not least, our beardown superior position. Our equilibrium expanse remains robust with debased indebtedness leverage, prudent reserves, and beardown fiscal spot ratings, each of which enactment our concern and our performance. Now fto maine determination connected to our results. In 2025, Hamilton Insurance Group, Ltd. delivered grounds nett income of $577,000,000, oregon instrumentality connected mean equity of 22%. We grew gross premiums written 21% to a grounds $2,900,000,000. We reported a combined ratio of 92.9% and grew tangible publication worth per stock by 25%.

Again, these results bespeak not lone our skilled hazard selection, committedness to rhythm management, and beardown broker and lawsuit relationships, but besides the wide spot and stableness of the enactment we person built. After respective hard marketplace years, we present find ourselves successful a transitioning market, but importantly, 1 that inactive provides ample pockets of charismatic opportunities for underwriters similar ours who are technical, astute, and nimble. A cleanable segue to our 4th fourth highlights. We proceed to present fantabulous apical enactment maturation this 4th with gross premiums written expanding 23%. In truthful doing, we focused connected concern wherever pricing and presumption remained compelling and backed distant from concern which did not conscionable our instrumentality hurdles.