Hamilton Insurance Group, Ltd. · NYSE:HG
Hamilton Insurance — Q1 2025 Earnings Presentation
21 slides from Hamilton Insurance's earnings presentation, May 8, 2025
Slide 1: Investor Presentation
Investor Presentation Hamilton Insurance Group, Ltd. March 31, 2025
Slide 2: Special Note Regarding Forward-Looking Statements
Special Note Regarding Forward-Looking Statements This information includes “forward looking statements” pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of terms such as “believes,” “expects,
Slide 3: Special Note Regarding Forward-Looking Statements, Continued
Special Note Regarding Forward-Looking Statements, Continued • our ability to identify and execute opportunities for growth, to complete transactions as planned or realize the anticipated benefits of any acquisitions or other investments; • our management of alternative reinsurance platforms on beha
Slide 4: Introduction to Hamilton
Introduction to Hamilton
Slide 5: Highly Entrepreneurial & Experienced Leadership Team
Highly Entrepreneurial & Experienced Leadership Team Fostering an inclusive, collaborative and productive culture Executive Leadership Hamilton: In Good Company Pina Albo Craig Howie 30+ Years 35+ Years Group CEO Group CFO Former: Munich Re Former: Everest Highly Collaborative Adrian Daws Anita Kuch
Slide 6: Hamilton – Overview and Results
Hamilton – Overview and Results Annual Segmental Results Group Financial Highlights Segments Reporting Gross Premiums Written International Bermuda (“GPW”) $5.0B 2024 GPW 2024 GPW 1Q 2025 Cash & Invested $1.3B $1.1B $2.4B $843m Assets FY 2024 1Q 2025 Hamilton Global Underwriting Income (Loss) $2.4B
Slide 7: Diversified and Well Scaled Underwriting Platforms Facilitate Cycle Management
Diversified and Well Scaled Underwriting Platforms Facilitate Cycle Management Diversified by Insurance / Reinsurance, Class of Business, and Segment / Geography 2024 Gross Premiums Written of $2.4 Billion Insurance / Reinsurance Class of Business Business Segments Reinsurance 47% Property 25% Bermu
Slide 8: Hamilton Group – Strategic Growth and Sustainable Underwriting Profitability
Hamilton Group – Strategic Growth and Sustainable Underwriting Profitability Double digit top line growth with bottom line improvement Hamilton Group - Gross Premiums Written ($’m) $2,423 $1,951 $1,647 $1,447 $1,087 $843 $722 2020 2021 2022 2023 2024 1Q 2024 1Q 2025 Hamilton Group - Combined Ratio (
Slide 9: Segment Results
Segment Results
Slide 10: International Segment: Market Leading Writer of Specialty (Re)Insurance Business
International Segment: Market Leading Writer of Specialty (Re)Insurance Business Specialty insurance products written in Lloyd’s, Hamilton Insurance DAC, HMGA Americas & Hamilton Select 2024 GPW Business Mix Highlights Hamilton Global Specialty 15% ▪ Lloyd’s Syndicate 4000 and Hamilton Insurance DAC
Slide 11: International Segment: Measured Growth and Profitability Improvement
International Segment: Measured Growth and Profitability Improvement Results reflect the diversified, lower volatility portfolio we have built over time International Segment - Gross Premiums Written ($’m) $1,308 $1,106 $892 $933 $662 $321 $370 2020 2021 2022 2023 2024 1Q 2024 1Q 2025 International
Slide 12: Bermuda Segment: Well Diversified Writer of Property, Casualty and Specialty Classes
Bermuda Segment: Well Diversified Writer of Property, Casualty and Specialty Classes Underwriting-focused operation with strong foundation to capture growth opportunities 2024 GPW Business Mix Highlights Hamilton Re 15% ▪ Established, scaled and scalable platform with broad, diversified client base
Slide 13: Bermuda Segment: Strategic Growth Following Portfolio Optimization
Bermuda Segment: Strategic Growth Following Portfolio Optimization Current portfolio mix has resulted in meaningful growth and improved underwriting results Bermuda Segment - Gross Premiums Written ($’m) $1,114 $846 $713 $554 $425 $473 $401 2020 2021 2022 2023 2024 1Q 2024 1Q 2025 Bermuda Segment -
Slide 14: Invested Assets
Invested Assets
Slide 15: Investment Strategy Review - $5.0 Billion Investment Portfolio as of March 31, 2025
Investment Strategy Review - $5.0 Billion Investment Portfolio as of March 31, 2025 Fixed Income, Two Sigma Short-Term and Cash Hamilton Fund 60% / $3.0B 40% / $2.0B A B Fixed Income Portfolio Two Sigma Hamilton Fund 1 ✓ ✓ Low correlation to Aa3 average credit quality Preservation of Capital equity
Slide 16: Fixed Income Investment Portfolio as of March 31, 2025
Fixed Income Investment Portfolio as of March 31, 2025 Fixed income investments of $2.4 billion – Average rating of Aa3, and duration of 3.4 years 12% Corporate US Treas. A3 Aaa 13% Corporate US Treasury $2.4B 50% US Agency 25% Other US Agency Other Aaa Aa1 Fixed income portfolio is managed by two e
Slide 17: 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 primarily through the systematic application
Slide 18: Investing in Hamilton
Investing in Hamilton
Slide 19: 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 underwriting approach focused on sustainable profitability Demonstra
Slide 20: Non-GAAP Measures
Non-GAAP Measures We present our results of operations in a way that we believe will be the most meaningful and useful to investors, analysts, rating agencies and others who use our financial information to evaluate our performance. Some of the measurements that management uses to assess our operati
Slide 21: 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 — Q1 2025 Earnings Presentation on 6ix