Hamilton Insurance rises after Q3 profit jumps

Hamilton Insurance

06/11/2024 23:26

** Shares of Hamilton Insurance  HG.N  rise 1.7% to $18.89
after the bell
    ** HG's Q3 profit jumps to 74 cents/shr from 41 cents/shr a
year earlier, driven by strong underwriting
    ** Q3 net premiums earned jumped 33.2% to $448.8 mln
compared to last year
    ** Q3 combined ratio rose to 93.6% from 92.6% a year
earlier, against the backdrop of Hurricane Helene
    ** A ratio below 100% means an insurer earned more in
premiums than it paid out in claims
    ** As of last close, HG shares up 24% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))