Hamilton Insurance Reports Q1 2026 Results
Hamilton Insurance Group, Ltd. announced financial results for the first quarter ended March 31, 2026.”
Commenting on the results, Pina Albo, CEO of Hamilton, said, “Hamilton reported strong first quarter 2026 results, generating net income of $134 million and operating income of $167 million, an annualized return on average equity of 19% and operating return on average equity of 24%. This was supported by a 89.8% combined ratio and strong investment income. Gross premiums written increased 11% year over year as the company maintained underwriting discipline, writing business that met return thresholds and stepping away where that was not the case.
“In a more complex and volatile environment and amid competitive market conditions, Hamilton emphasized continued focus on margin quality and prudent capital deployment to support sustainable profitability.”
Consolidated Highlights – First Quarter
- Net income of $133.5 million, or $1.31 per diluted share and operating income of $166.7 million, or $1.64 per diluted share;
- Annualized return on average equity of 19.3% and annualized operating return on average equity of 24.1%;
- Gross premiums written of $940.1 million, an increase of 11.5% compared to the first quarter of 2025;
- Net premiums earned of $570.5 million, an increase of 14.3% compared to the first quarter of 2025;
- Combined ratio of 89.8%;
- Underwriting income of $57.6 million;
- Net investment income of $93.6 million, comprised of Two Sigma Hamilton Fund returns of $93.1 million, and fixed income, short term and cash and cash equivalents returns of $0.5 million;
- On February 18, 2026, the Company’s Board of Directors declared a special dividend of $2.00 per share, or $205.8 million. The dividend was paid on March 30, 2026, to common shareholders of record as of March 6, 2026;
- Book value per share of $27.42, a decrease of 3.8% compared to December 31, 2025;
- Book value per share plus accumulated dividends, of $29.42, an increase of 3.2% compared to December 31, 2025; and
- Repurchased common shares of $19.7 million in the first quarter of 2026.
