Hamilton Insurance Group reported October 29 that third-quarter net income attributable to common shareholders fell to $81.5 million from $136.2 million a year earlier.
Diluted earnings declined to 81 cents a share from $1.32 for the quarter ended September 30. The Bermuda-based insurer and reinsurer reported gross premiums written of $819.7 million, up 17.3%, and net premiums earned of $591.3 million, up 13.1%.
Underwriting income fell to $15.5 million from $64.1 million. Its combined ratio increased to 97.3% from 87.8%. The ratio measures underwriting costs relative to premiums; a higher figure indicates less underwriting profit per premium dollar.
Hamilton reported operating income attributable to common shareholders of $179.9 million. That company-defined non-GAAP measure excludes specified investment and foreign-exchange gains and losses and differs from net income.
At September 30, Hamilton reported $6.4 billion in cash and invested assets, compared with $5.9 billion at the end of 2025.
Sources: Hamilton October 29 earnings release via Business Wire: https://www.businesswire.com/news/home/20261029458589/en/Hamilton-Reports-2026-Third-Quarter-Results