Hamilton Insurance Group, Ltd. · NYSE:HG
Hamilton Insurance — Q4 2023 Earnings Presentation
22 slides from Hamilton Insurance's earnings presentation, Mar 7, 2024
Slide 1: Investor Presentation
Investor Presentation Hamilton Insurance Group, Ltd. December 31, 2023
Slide 2: Special Note Regarding Forward-Looking Statements
Special Note Regarding Forward-Looking Statements This information may contain forward-looking statements which reflect the Company's current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform
Slide 3: Special Note Regarding Forward-Looking Statements, continued
Special Note Regarding Forward-Looking Statements, continued • our dependence on key executives, including the potential loss of Bermudian personnel as a result of Bermuda employment restrictions, and the inability to attract qualified personnel, particularly in very competitive hiring conditions; •
Slide 4: Introduction to Hamilton
Introduction to Hamilton
Slide 5: Highly Entrepreneurial & Experienced Leadership Team Fostering an Attractive Culture
Highly Entrepreneurial & Experienced Leadership Team Fostering an Attractive Culture Management team with 230+ years of collective (re)insurance experience Executive Leadership In Good Company Pina Albo Craig Howie 30+ Years 35+ Years Group CEO Group CFO Former: Munich Re Former: Everest Highly Coll
Slide 6: Hamilton Insurance Group – Overview
Hamilton Insurance Group – Overview Hamilton Insurance Group, Ltd. 2023 Highlights A global specialty (re)insurance company $2.0B $4.0B Segments Reporting International Bermuda Gross Premiums Cash & Invested 2023 GPW 2023 GPW Written Assets $1.1B $846m $130m $2.0B Underwriting Shareholders’ Hamilton
Slide 7: A Scaled Global Operation – Managing Across Market Cycles
A Scaled Global Operation – Managing Across Market Cycles Our business is diversified by (re)insurance, main classes of business, and segment/geography Insurance / Reinsurance Class of Business Business Segments Reinsurance Property Bermuda 43% 23% 43% GPW: GPW: GPW: Casualty $2.0B $2.0B 46% $2.0B I
Slide 8: Hamilton is Guided by Four Business Imperatives
Hamilton is Guided by Four Business Imperatives 1 Sustainable Underwriting • Data driven, disciplined underwriting & risk-management culture Profitability • Significant reduction of volatility from natural catastrophe events 2 • 3 complementary underwriting platforms with expertise in cycle manageme
Slide 9: Hamilton Group – Strategic Growth and Sustainable Underwriting Profitability
Hamilton Group – Strategic Growth and Sustainable Underwriting Profitability Double digit top line growth with bottom line results Hamilton Group - Gross Premiums Written $1,951 $1,647 $1,447 $1,087 $731 $571 2018 2019 2020 2021 2022 2023 Hamilton Group - Combined Ratio (1) 125% 126% 111% 106% 38% 4
Slide 10: Segment Results
Segment Results
Slide 11: Hamilton International: Market Leading Writer of Specialty (Re)Insurance Business
Hamilton International: Market Leading Writer of Specialty (Re)Insurance Business Specialty insurance products written in Lloyd’s, HIDAC, Hamilton Americas and Hamilton Select 2023 GPW Business Mix Leading specialty insurance business with a track record of profitability and low volatility 12% Speci
Slide 12: International Segment: Measured Growth Following Significant Acquisition in 2019
International Segment: Measured Growth Following Significant Acquisition in 2019 Hamilton made transformative acquisition of Pembroke Managing Agency in 2019 International Segment - Gross Premiums Written $1,106 $892 $933 $662 $277 $176 2018 2019 2020 2021 2022 2023 International Segment - Combined
Slide 13: Hamilton Bermuda: Well Diversified Writer of Property, Casualty and Specialty Classes
Hamilton Bermuda: Well Diversified Writer of Property, Casualty and Specialty Classes Underwriting-focused operation with strong foundation to capture growth opportunities 2023 GPW Business Mix Established, scaled and scalable platform with broad, diversified client base 15% Underwriting profitabili
Slide 14: Bermuda Segment: Strategic Growth Following Portfolio Optimization
Bermuda Segment: Strategic Growth Following Portfolio Optimization Current portfolio mix is well balanced by class of business and with reduced nat cat volatility Bermuda Segment - Gross Premiums Written $846 $713 $554 $454 $425 $396 2018 2019 2020 2021 2022 2023 Bermuda Segment - Combined Ratio 122
Slide 15: Invested Assets
Invested Assets
Slide 16: Hamilton Invested Assets
Hamilton Invested Assets Focused on delivering a combination of stable investment income and low-correlated absolute returns $4.0 billion in invested assets at December 31, 2023 Two distinct investment portfolios: fixed income and total return Fixed income portfolio focuses on preservation of capita
Slide 17: Review of Investment Strategy - $4.0 Billion Investment Portfolio
Review of Investment Strategy - $4.0 Billion Investment Portfolio Fixed Income and Two Sigma Short-Term Hamilton Fund 57% / $2.3B 43% / $1.7B A B Fixed Income Portfolio Two Sigma Hamilton Fund 1 ✓ ✓ Low-correlation to Aa3 average credit quality Preservation of Capital equity markets; long- 100% inve
Slide 18: Fixed Income Investment Portfolio as of December 31, 2023
Fixed Income Investment Portfolio as of December 31, 2023 Fixed income investments of $1.8 billion – Average rating of Aa3, and duration of 3.3 years 5% 9% Corporate US Treas. A3 Aaa Corporate 47% US Treasury $1.8B US Agency 39% Other US Agency Other Aaa Aa2 Fixed Income portfolio is managed by two
Slide 19: Two Sigma Hamilton Fund, LLC ("TSHF")
Two Sigma Hamilton Fund, LLC (“TSHF”) Diversified fund focused on liquid strategies in global equities, fixed income, futures, and FX markets Overview of Two Sigma and TSHF ▪ Two Sigma Investment Management aims to deliver low-correlated absolute returns through the systematic application of fundame
Slide 20: Investing in Hamilton
Investing in Hamilton
Slide 21: Hamilton Insurance Group - Who We Are Today
Hamilton Insurance Group - Who We Are Today A scaled, diversified, global specialty insurance and reinsurance operation Highly entrepreneurial & experienced leadership team fostering a distinctive and attractive culture Disciplined and data-driven underwriting approach to drive sustainable profitabi
Slide 22: Contact us at: Investor.Relations@hamiltongroup.com
Contact us at: Investor.Relations@hamiltongroup.com Hamilton Insurance Group, Ltd. Wellesley House North, 1st Floor +1 (441) 405 5200 90 Pitts Bay Road, Pembroke HM08, Bermuda hamiltongroup.com
Hamilton Insurance Group — Q4 2023 Earnings Presentation on 6ix