HG Earnings Prediction
The chart below shows how HG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HG sees a +0.68% change in stock price 10 days leading up to the earnings, and a +9.43% change 10 days following the report. On the earnings day itself, the stock moves by +1.02%. This data can give you a slight idea of what to expect for the next quarter's release.
HG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
558.33M
42.68%
-3.10%
Gross Margin
--
--
--
Operating Margin
20.58%
45.44%
-39.86%
Net Margin
10.93%
-18.74%
-68.57%
EPS
0.74
80.49%
-38.33%
No Data Available
HG Earnings Analysis
Hamilton Insurance Group, Ltd. Class B Common Shares Corporation (HG.N) Earnings Conference Call
Positive
Net Income and Equity Return: Hamilton reported a net income of $78 million for Q3 2024, equating to $0.74 per diluted share, which represents an annualized return on average equity of 13.8%.
Underwriting Income and Efficiency: The company achieved underwriting income of $29 million with a combined ratio of 93.6%, demonstrating strong operational efficiency despite significant losses from natural disasters.
Bermuda Segment Performance: The Bermuda segment posted a combined ratio of 89.4%, reflecting commendable results given the loss activity in the quarter.
Financial Health Indicators: On a year-to-date basis, the combined ratio improved to 89.9%, and the annualized return on equity stands at 22.4%, indicating robust financial health.
Asset Growth Increase: Total assets increased by 17% to $7.8 billion as of September 30, 2024, compared to $6.7 billion at year-end 2023, showcasing strong growth in the company's balance sheet.
Negative
Net Income Decline: Net income of $78 million reported, down from $44 million in the same quarter last year, indicating a significant decline in profitability.
Increased Loss Ratio: Combined loss ratio increased to 61.0%, up from 56.8% in the prior period, reflecting worsening underwriting performance.
Underwriting Income Improvement: Underwriting income for the third quarter was $29 million, compared to $25 million in the same quarter last year, showing only marginal improvement despite higher losses.
Hurricane Loss Impact: The company faced $38 million in losses from Hurricane Idalia and other significant loss events, impacting overall financial results.
Hurricane Milton Loss Projections: The estimated losses from Hurricane Milton are projected to be between $30 million to $70 million, adding uncertainty to future earnings.
HG FAQs
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HG Earning Call Sentiment
Hamilton Insurance Group, Ltd. (HG) Q3 2024 Earnings Call Transcript
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00:00
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HG.N
-1.24%Positive
The earnings call summary highlights several positive aspects: strong financial performance with increased revenue and net income, a share buyback program, and stable underwriting margins despite natural catastrophes. The Q&A section indicates optimism for growth and product launches, although specifics on revenue targets were not disclosed. The strategic shift towards risk management and the share repurchase authorization further support a positive outlook. Overall, these factors suggest a likely positive stock price movement in the short term.