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HG is a specialty insurance and reinsurance company with business interests primarily in Bermuda, but also elsewhere in the world. Its three main underwriting platforms are Hamilton Global Specialty, Hamilton Select, and Hamilton Re. HG offers a range of insurance products and services, from auto, liability, property, and health care, to aviation, space, marine, cyber insurance, and more. The company was incorporated in 2013 and recently received ratings upgrades from major agencies.
Earnings-wise, HG’s fourth-quarter fiscal 2024 report showed big annual growth amid challenges. Net income grew by 55% on a year-over-year basis, to $400 million. A big reason for this was the jump in gross premiums written by the company – 24% growth to $2.4 billion. This increase reflected gains in Bermuda-based and international business. Even though the company experienced big losses with Hurricanes Helen and Milton, it still produced $149 million in underwriting income.
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