Hamilton Insurance Group First Quarter 2024 Earnings: EPS: US$1.42 (vs US$0.50 in 1Q 2023)

Hamilton Insurance Group (NYSE:HG) First Quarter 2024 Results

Key Financial Results

• Revenue: US$660.8m (up 104% from 1Q 2023).
• Net income: US$157.2m (up 205% from 1Q 2023).
• Profit margin: 24% (up from 16% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.42 (up from US$0.50 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hamilton Insurance Group Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 14% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Hamilton Insurance Group's balance sheet health.

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