From TradingView · · 30s
LONG $HG for NYSE:HG
Hamilton Insurance Group targets $35 entry with four pillars of growth.
In brief
Hamilton Insurance Group targets $35 entry with four pillars of growth. Hamilton Insurance Group's Q2 results show profitable underwriting, 16.7% premium growth, and 20.6% ROE at $35. Originally reported by TradingView.
Profitable underwriting
Hamilton Insurance Group's Q2 combined ratio was 95%, still profitable despite elevated catastrophe losses.
Growing franchise
Gross premiums written increased 16.7% year over year with disciplined underwriting supporting the thesis.
Returns can support valuation
At $35, HG trades around 1.21× June book value of $28.91 with Q2 annualized ROE at 20.6%.
The main idea
Hamilton Insurance Group's Q2 results show profitable underwriting, 16.7% premium growth, and 20.6% ROE at $35.
