Earnings Call Summary | Hamilton Insurance(HG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Hamilton Insurance(HG.US) Q1 2024 Earnings Conference
The following is a summary of the Hamilton Insurance Group, Ltd. (HG) Q1 2024 Earnings Call Transcript:
以下是汉密尔顿保险集团有限公司(HG)2024年第一季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Hamilton Insurance Group reported a Q1 net income of $157 million, up from $51 million in Q1 2023.
The return on average equity was noted at 29.5%, more than double from 12.2% in the same period last year.
An increase of 34% from Q1 2023 was seen in gross premiums written, reaching a record of $722 million.
A conservative provision of $38 million was made regarding the Baltimore bridge collapse.
Total assets reached $7.3 billion, up by 10% from the end of 2023, with shareholders' equity at $2.2 billion at the end of the first quarter, an 8% increase from the end of 2023.
汉密尔顿保险集团报告称,第一季度净收入为1.57亿美元,高于2023年第一季度的5100万美元。
平均股本回报率为29.5%,是去年同期的12.2%的两倍多。
与2023年第一季度相比,保费总额增长了34%,达到创纪录的7.22亿美元。
为巴尔的摩大桥倒塌提供了3,800万美元的保守拨款。
总资产达到73亿美元,较2023年底增长10%,第一季度末股东权益为22亿美元,较2023年底增长8%。
Business Progress:
业务进展:
The company achieved a record of six consecutive quarters of underwriting profitability with a combined ratio of 91.5%.
Operating subsidiaries, Hamilton Re, and Hamilton Insurance Designated Activity Company received an AM Best rating upgrade to A.
Continued growth was observed across property, casualty, and specialty classes with significant contributions from Hamilton Re, Hamilton Global Specialty, and Hamilton Select.
A targeted share buyback was confirmed, which is expected to improve book value per share, earnings per share, and return on equity from the next quarter.
Hamilton Insurance shows robust growth in the Excess and Surplus (E&S) line, especially in Hamilton Select, and anticipates growth in business opportunities due to the AM Best rating upgrade.
该公司连续六个季度实现了创纪录的承保盈利能力,合并比率为91.5%。
运营子公司、汉密尔顿再保险和汉密尔顿保险指定活动公司获得AM Best评级上调至A
财产、意外伤害和专业类别持续增长,汉密尔顿再保险、汉密尔顿全球专业保险和汉密尔顿精选都做出了重大贡献。
有针对性的股票回购已得到确认,预计这将从下一季度起提高每股账面价值、每股收益和股本回报率。
汉密尔顿保险显示超额和盈余(E&S)产品线强劲增长,尤其是汉密尔顿精选,并预计由于AM Best评级上调,商机将增长。
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译文内容由第三方软件翻译。