Hamilton Insurance Group, Ltd. · NYSE:HG
Hamilton Insurance — Q1 2024 Earnings Presentation
22 slides from Hamilton Insurance's earnings presentation, May 9, 2024
Slide 1: Investor Presentation
Investor Presentation Hamilton Insurance Group, Ltd. March 31, 2024
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 • the suspension or revocation of our subsidiaries’ insurance licenses; • risks associated with our investment strategy, including such risks being greater than those faced by competitors; • changes in the regulatory environment and the po
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 – Overview and Results
Hamilton – Overview and Results Annual Segmental Results Group Financial Highlights Gross Premiums Written $4.2B Segments Reporting International Bermuda $2.0B $722m Q1 2024 Cash & Invested 2023 GPW 2023 GPW FY 2023 1Q 2024 Assets $1.1B $846m Underwriting Income $130m $33m $2.2B Hamilton Global Q1 2
Slide 7: A Scaled Global Operation – Managing Across Market Cycles
A Scaled Global Operation – Managing Across Market Cycles Our 2023 business was diversified by (re)insurance, main classes of business, and segment Insurance / Reinsurance Class of Business Business Segments Reinsurance Property Bermuda 43% 23% 43% GPW: GPW: GPW: Casualty $2.0B1 $2.0B1 46% $2.0B1 In
Slide 8: Hamilton is Guided by Four Business Imperatives
Hamilton is Guided by Four Business Imperatives 1 Sustainable Underwriting • Data driven, disciplined underwriting & risk-management culture Profitability • Effectively managing volatility from natural catastrophe events 2 • Three complementary underwriting platforms with expertise in cycle manageme
Slide 9: Hamilton Group – Strategic Growth and Sustainable Underwriting Profitability
Hamilton Group – Strategic Growth and Sustainable Underwriting Profitability Double digit top line growth with bottom line improvement Hamilton Group - Gross Premiums Written ($’m) $1,951 $1,647 $1,447 $1,087 $731 $722 $538 2019 2020 2021 2022 2023 Q1 2023 Q1 2024 Hamilton Group - Combined Ratio (1)
Slide 10: Segment Results
Segment Results
Slide 11: International Segment: Market Leading Writer of Specialty (Re)Insurance Business
International Segment : Market Leading Writer of Specialty (Re)Insurance Business Specialty insurance products written in Lloyd’s, Hamilton Insurance DAC, HMGA Americas & Hamilton Select 2023 GPW Business Mix Leading specialty insurance business with a track record of profitability and low volatilit
Slide 12: International Segment: Measured Growth Following Significant Acquisition in 2019
International Segment: Measured Growth Following Significant Acquisition in 2019 Hamilton made transformative acquisition of Pembroke Managing Agency in 2019 International Segment - Gross Premiums Written ($’m) $1,106 $892 $933 $662 $277 $321 $247 2019 2020 2021 2022 2023 Q1 2023 Q1 2024 Internation
Slide 13: Bermuda Segment: Well Diversified Writer of Property, Casualty and Specialty Classes
Bermuda Segment: Well Diversified Writer of Property, Casualty and Specialty Classes Underwriting-focused operation with strong foundation to capture growth opportunities 2023 GPW Business Mix Growing, scalable and diversified platform 15% Underwriting profitability through portfolio optimization an
Slide 14: Bermuda Segment: Strategic Growth Following Portfolio Optimization
Bermuda Segment: Strategic Growth Following Portfolio Optimization Current portfolio mix has resulted in meaningful growth and improved underwriting results Bermuda Segment - Gross Premiums Written ($’m) $846 $713 $554 $454 $425 $401 $291 2019 2020 2021 2022 2023 Q1 2023 Q1 2024 Bermuda Segment - Co
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 $4.2 billion in invested assets at March 31, 2024 Two distinct investment portfolios: fixed income and total return Fixed income portfolio focuses on preservation of capital a
Slide 17: Review of Investment Strategy - $4.2 Billion Investment Portfolio
Review of Investment Strategy - $4.2 Billion Investment Portfolio Fixed Income and Two Sigma Short-Term Hamilton Fund 56% / $2.3B 44% / $1.9B 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 March 31, 2024
Fixed Income Investment Portfolio as of March 31, 2024 Fixed income investments of $1.9 billion – Average rating of Aa3, and duration of 3.3 years 7% Corporate US Treas. 12% A2 Aaa Corporate 48% US Treasury $1.9B US Agency 33% Other US Agency Other Aaa Aa1 Fixed Income portfolio is managed by two ex
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 — Q1 2024 Earnings Presentation on 6ix