Hamilton Insurance Reports Q3 2026 Results
Hamilton Insurance Group, Ltd. announced financial results for the third quarter ended September 30, 2026.
Commenting on the results, Pina Albo, CEO of Hamilton, said: “Hamilton delivered exceptional third quarter results, with operating income of $180 million, representing an annualized operating return on average equity of 25%. Gross premiums written increased 17%, reflecting our ability to find attractive opportunities that contribute to the bottom line.
“Despite a transitioning market and ongoing geopolitical tensions, Hamilton continues to deliver consistent performance, reflecting the benefits of our diversified platform and our team’s ability to navigate the current dynamic market conditions.”
Consolidated Highlights – Third Quarter
- Net income of $81.5 million, or $0.81 per diluted share and operating income of $179.9 million, or $1.78 per diluted share;
- Annualized return on average equity of 11.3% and annualized operating return on average equity of 24.9%;
- Gross premiums written of $819.7 million, an increase of 17.3% compared to the third quarter of 2025;
- Net premiums earned of $591.3 million, an increase of 13.1% compared to the third quarter of 2025;
- Combined ratio of 97.3%;
- Underwriting income of $15.5 million;
- Net investment income of $88.4 million, comprised of Two Sigma Hamilton Fund returns of $144.7 million, and a fixed income, short term and cash and cash equivalents loss of $56.3 million; and
- Repurchased common shares of $3.1 million in the third quarter of 2026.
Consolidated Highlights – Year to Date
- Net income of $358.8 million, or $3.54 per diluted share and operating income of $504.9 million, or $4.98 per diluted share;
- Annualized return on average equity of 16.6% and annualized operating return on average equity of 23.4%;
- Gross premiums written of $2.6 billion, an increase of 14.9% compared to the same period in 2025;
- Net premiums earned of $1.7 billion, an increase of 14.0% compared to the same period in 2025;
- Combined ratio of 94.1%;
- Underwriting income of $102.2 million;
- Net investment income of $323.3 million, comprised of Two Sigma Hamilton Fund returns of $353.2 million, and a fixed income, short term and cash and cash equivalents loss of $29.9 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 $29.80, an increase of 4.6% compared to December 31, 2025;
- Book value per common share plus accumulated dividends of $31.80, an increase of 11.6% compared to December 31, 2025; and
- Repurchased common shares of $44.9 million in 2026.
