Hamilton Insurance Group, Ltd. (HG) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

quarter 2025 earnings conference call. The Hamilton executives leading today's call are Pina Alba, Group Chief Executive Officer, and Craig Howey, Group Chief Financial Officer. We are also joined by other members of the Hamilton management team. Before we begin, note that Hamilton financial disclosures, including our earnings release, contain important information regarding forward-looking statements, management comments regarding potential future developments, are subject to the risks and uncertainties as detailed. Management may also refer to certain non-GAAP financial measures. These items are reconciled in our earnings release and financial supplement. With that, I'll hand it over to Pina. Thank you, Darian, and hello, everyone. Let me start by welcoming you all to Hamilton's first quarter 2025 conference call. I'm very pleased to report another profitable quarter for Hamilton, despite the fact that global insured catastrophe losses were over $55 billion for the quarter, driven primarily by the California wildfires. Starting with the headline results, our catastrophe loss ratio this quarter was 30.2%, which includes our California wildfire net loss estimate of $143 million. This number is net reinsurance and reinstatement premiums and does not take into account any potential recovery benefits for example for subrogation also as a reminder this estimate is within the 120 to 150 million range which we announced during last quarter's earnings call notwithstanding the catastrophe losses Hamilton had a very strong start to the year Our attritional loss ratio was 51.9%, exemplifying the stability of our underlying book, which is running where we would expect. Our gross premiums written increased by 17% in the first quarter. Investment results were significant, with a ...