Hamilton Insurance Group (NYSE:HG) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.33b (up 48% from FY 2023).
• Net income: US$400.4m (up 55% from FY 2023).
• Profit margin: 17% (in line with FY 2023).
• EPS: US$3.81 (up from US$2.47 in FY 2023).

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

Hamilton Insurance Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%.

The primary driver behind last 12 months revenue was the International segment contributing a total revenue of US$886.9m (38% of total revenue). Notably, cost of sales worth US$1.61b amounted to 69% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$247.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how HG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

The company's shares are up 6.7% 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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