HG - Earnings call transcript Q3 2024 | Hamilton Insurance Group, Ltd.

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Operator

Hello, and welcome to the Hamilton Insurance Group Earnings Conference Call.

As a reminder, this call is being webcast and will also be available for replay with links on the Hamilton Investor Relations website. I'd now like to turn the call over to John Levenson, Group Treasurer and Head of Investor Relations. Please go ahead.

Jonathan Levenson

Thank you, operator, and welcome all to the Hamilton Insurance Group Third Quarter 2024 Earnings Conference Call. today's Craig Pina Officer. Howie, leading Executive Group executives and Officer; Group Hamilton call Albo, are Chief The Chief Financial

are other team. by also the We management Hamilton members of joined

financial financial Before please as include disclosures to future forward-looking we regarding noted measures. the potential supplement. our Management regarding may are also note that, Albo, Hamilton earnings refer in These financial items important Management non-GAAP our Pina comments are begin, statements. disclosures. developments earnings the these release disclosures, turn certain that and With I risks release, to call in reconciled to including subject over CEO. Hamilton's uncertainties and

Giuseppina Albo

Thank you, hello, John, and everyone.

quarter warm to extending me you XXXX by Let third all conference welcome start call. joining my of Hamilton's us for

quarter, livelihoods past that X We many series know, for discuss have there we and a months want these suffered address results of our lives of of Before catastrophes the those as you who natural all these people. catastrophes. to impacted the have been

thoughts heartfelt to go you. out Our

place. reflect I communities that be have to proud industry to of I devastation on events, an I'm such takes helps when part individuals these rebuild that and say As tragic

we Moving from are which today. almost year forward Exchange launched we firm to Stock for listed private a with the offering the company marked ago today's public a today, initial transition call, Hamilton, our New York

the shared achieving underwriting future. detailed profit on this guide share by raising profitability. We market organization. was to In By throughout a and objectives also accountability and most set and into relentlessly sustainable operations, strive our to capital, us addition IPO those remains for business results to this, the our objectives we discipline into focusing the across and having which underwriting mean underwriting by our of of reach underwriting goal cycles. successfully a to important deployed afforded we you with refine The opportunity quickly producing

test events turning to Hurricane am results, Helene $XX world net colors. this $XX a and from mention net still of world. passed of produce I a large significant were comfortably to flying we absorb of the third income combined solid not to XX.X%. that underwriting quarter words, the quarter the around resilience result. was underwriting underwriting of the losses $XX And happy objective, million Hamilton In to report we our very losses of had of loss and group had ratio million sheet. The despite million real XXXX We with commitment to of able other balance of other income a our and

Our committee conditions, and in appetite, line. the performance discuss market We have when for combined International our as or Committee of our by ROE segment latter lean results testament to annualized a of our basis, posted combined out X celebrate Group our in continue GUC our in-depth of are of results classes and certain we underwriting results the a actions intentional reflect given take the underwriting this posted public construction loss year ratio our geographies. underwriting XX.X%, segment our and is XX.X% to points and to note, of quality our is portfolio philosophy as quarter in our our These team, On Underwriting a pride approach. disciplined company. ratio a the our I've we taken of business this ratio combined Bermuda risks, the past. our discussion activity the mentioned and XX.X% quarter. of and On regularly business. underwriting view our platform XX.X%, risk in emerging commendable This or year-to-date by a and our meets

one maintain are in decisions standards. and some and they What amongst members my I our of and and this of meetings at robust analyses book cases, The we seeing are How of between rate are is main the our our vastly What culture pursuing on also what team market and and responsibilities I ensure discussions underwriting of for GUC inform regular underwriting executive as moving? engaging regularly take in we improved strong business the high as are that underwriting Hamilton, challenging results. discussions and construction team place with risks underwriting our opportunities also CEO. our and Our and adequacy? portfolio see pricing our credit is dialogue representative radar? our underwriters. and frontline

environment. market overall the to now Turning

in Hamilton annual Baden-Baden number Insurance The Insurance starting the renewals. in Association industry events, conditions. Select demand, represented participation participated and Meeting, upcoming and the begins moving to and Rendez-Vous face-to-face of these how early and we well third including a needs. these with or needs renewals partner with number of continuing in them the brokers events. and and and Wholesale our Global Reinsurance goals their these to Specialty items, and appetite, conferences and of the of opportunities, at is Professional discussions clients brokers with meet through our Underwriting Council and opportunity Agents terms time these Liability and September, marks WSIA, a better an for quarter both Re, meet reinsurance to insurance customers can to and Hamilton pricing were our with important Society also It's when understand regarding Specialty at meeting, to conferences October the Brokers Hamilton active Hamilton in the benefit November. The discuss

Let from me takeaways few share a those meetings.

decisions, our or for not creativity solutions. This also to ability when provide valuable a but broadbrush and is our down valuable has and completely line proven particularly other for of markets capacity make Hamilton certain partner, First, seen for from reliable to back a business. only responsiveness, and example, as exit

over which years provide to ability a us some solutions XX now develop and relationships, to deal customers, are helps and Our win great matters long-standing our up step old. business broad, of

few turmoil of that took discipline change, second remain The takeaway and that place realities The underpinnings geopolitical market are the reset events months inflation. market inflation XXXX lines in grapple particularly to only continue market third the catastrophe as observation but is we key affecting past A of is of strong. to uphold of are that social intact business, the and conditions. real, classes. casualty The economic attractive continues many to concerns over climate serve with the

I pursuing. and for our minutes.Â Many particularly assumptions a in The peers has on to maintaining reflecting also topic We increase as been detail development regularly, cautious of fact continues more have the which development who and Bermuda recently as the underrepresented a this to for albeit very to a part recent more Craig pull reviewing wary but and be before will of this what we were The our building hand on to business quarter, and at strong of new has underwriting a couple measured the size comments our casualty driven expectations years is leaned remained line our to business our we believe until are accounts. opportunities growth created the clip, within targeted into class, focus up several over during that has to we meaningful XX% by punchline softer reserving pricing had our years which well market International few ability that related year-over-year. with of into growth pace, amounts discipline. led which in pricing A, growth our coupled the provide in upgrade in to continue upgrade in on a Craig. quarter, now, A selectively Hamilton, back. strong A.M.Â Best rating

at Hamilton and our a in very as E&S As the International our from Specialty, Irish you heating where reminder, has Syndicate houses continue Hamilton Cyber Select, certain both includes both perfect on operation Lloyd's market coverage Global others, heard example, we to terms domestic see level a Hamilton classes been the our of which competition have in carrier.Â While double-digit have Hamilton growth is of Select, U.S. firm up strong and led and across stood for business. which of given we that platforms all reduction will to write a consequently a closing, in results underwriting say X quarter, line. proud International face to we expect double-digit this of this, in like to our continue written this including segment.Â In we word specialty in we price, am book, meaningful diversified I premium that insurance our Having said the very how in has have growth of in specialty about and particularly the a insurance, catastrophe I'd losses. London

you. resilient we as As built to communities benefit the will when providing our brokers, serve. all our the we valuable partner, shareholders to clients, our namely Hamilton we well capacity. and our have over reliable long noted and We Craig, This we for solutions as stakeholders, meaningful term. a now and be ultimately of individuals went aim public,

Craig Howie

results Hamilton months and premiums returns, financial Pina, a first quarter written. and you, gross Thank hello, strong record with excellent everyone. very underwriting solid had X investment third income and of

rate. For of or share diluted of first me Hamilton the line to per compares equity quarter continues $X.XX with producing highlights, for equal income as to results. share, as $XX return per the top mentioned, grow million quarter third XX.X%. Hamilton income provide $X.XX on X and underwriting on This in net and Starting $XX its for X.X% of let annualized those an reported months. additional equity income and around an figures average net double-digit impressive Pina the XXXX, investment our XXXX.Â With quarter third return some of the average at of million components of underwriting an diluted detail annualized to

to XX.X% quarter of compared of increase the months X third which in was compared Hamilton quarter conditions, of active For increased million million group XXXX, in operating platforms, advantage third ratio the quarter record last underwriting written growth.Â Underwriting billion catastrophe income our year, income Re group combined of favorable billion $X.X compared of for Hamilton XX% $X.X the and season. last take first XX.X% contributed the XXXX Specialty, to X Global time Hamilton for year. our an third to this market gross all The the was $XX to $XX despite all to profitable an continue Select premiums of of a to

of losses, for points points the prior in loss Debby prior Hurricane in due last $X by In loss third million which catastrophe was for reported hailstorms decrease XX.X% combined offset losses the favorable and and increase period. losses a year period primarily $X Calgary partially to was $XX driven to expense to X.X large compared This the in components, million driven the ratio. current quarter The points losses consisted loss increased the XX.X% Hurricane in increased to $XX of or X.X catastrophe the by year for development by compares $XX of the quarter. quarter, The Helene ratio same catastrophe in ratio current The compared million million, to decrease or of This of terms XX.X%, X.X the current catastrophe ratio the offset was X.X the period a points XXXX. attritional absence $XX year. by ratio was in million. of million.Â This of prior primarily

about income, mainly The our less Year-to-date, XX.X% compared than as saw property quarter expenses. million growth improved points driven to XX.X% to ratio to $X due base by XX.X% in decreased the last leverage specialty the operating $X is in first fee compared also was year.Â Turning the expense year. third year. development million well by attritional the lines. in earned to expense as ratio. We to last quarter by X the third-party last premium in X.X decrease favorable third decreased and compares This our offset X.X favorable ratio of against to This in XX.X% expense to which development of months points the driven

due detail expense section, insurance our turn Hamilton Hamilton International on a based more expenses, performance in start specialty year-to-date a to corporate Select. expenses results segment, variable segment primarily which the X-year the in discuss now.Â Let's to I'll our they Global higher, compensation but on an trending which are over includes long-term businesses, in for which with ratio this the is incentive associated As basis with and period.Â I'll plan, increase is the Specialty

regarding loss XX.X% of million, million and primarily income to growth, to grew reinsurance current of $XXX was the to months, million business was casualty driven mix X in quarter. underwriting $X in about class This assumption an million.Â Moving For from in XX.X% ratio ratio and insurance prior decreased gross more property of to to by X a International quarter new business had XX%. in a was by X primarily some driven $XXX last inflation year-to-date third specialty attritional the X.X pricing year. the months, a of casualty back insurance the third XXXX to million ratio modest in ratio the compared insurance a to and lower international in written and conservative increase primarily and expense compared of XX.X% quarter, XX.X% costs in decrease classes.Â For acquisition insurance to first XX.X% casualty The XXXX. quarter The XX.X% compared by improved classes social of premiums last figures.Â For increase combined result as X.X the The third to acquisition the first and underwriting the international year. of income first $X combined increased in points $X months international year a related compared the points and increase

that which premiums will written Re as segment, was of Bermuda XX%. business, turn X to by XX.X% million primarily write Hamilton and result in an the entities first rate Hamilton X.X XX.X% of driven compared $XXX The the the other business.Â For $XXX houses a the participations, property million, gross months casualty base. now in reinsurance and in months, I to classes. decreased increases The reinsurance new underwriting grew from predominantly to first U.S., increase expense increase the expanded growth and points to last ratio the Bermuda the year Re X premium

of Specifically upgrade. rating new we for third amount Best generated the quarter, our of as result considerable a a AM business

Bermuda increase the income the decrease of the current the the year. net combined of a by and $XX XX.X% had The losses catastrophe of of combined quarter. the combined social in year million underwriting a in underwriting XX.X% in to quarter driven For large compared class of XX.X% compared assumption absence decreased million was quarter conservative quarter. in quarter of modest losses the ratio favorable was ratio casualty catastrophe The in net and ratio an to million $X about offset partially of as XXXX quarter, compared current third losses This $XX XX.X% catastrophe last X.X the increase $XX in of regarding Bermuda of third million the third primarily more third the inflation quarter. to ratio related in of year.Â The attritional had last to by income in $X points losses Bermuda a to a prior primarily result loss million. was

Moving back some to year-to-date figures.

XX.X% compared expense XX.X% For ratio increased the points first prior Bermuda the in X.X X the acquisition months, to period. to

decreased in ILS of our the gauge ratios. last compared results ratio X.X% our underwriting months to the performance-based a fee expense at for as first X.X which underwriting you X.X% other of our X from of as The points our growth XXXX result year. to offsets expenses.Â I to the full-year platform, encourage and in premium many a income look base

the to a that reports at gains income portfolio.Â The and of to XXXX, as our third of and the XXXX. investment quality through announced quarter compared XX.X% XXXX. XXXX. net quarter, December to $X The unrealized Fund remains a net losses Now Hamilton turning X.X% Two for net of we $XX the is and portfolio $XX estimate The third quarter. $XX was in decreased XX, produced Hamilton maturity of million Hamilton compared portfolio duration Hamilton the quarter cash The Two XXXX. third X.X% we made the average Sigma fund to X.X% realized fixed-income investment quarter Last the of includes return total The in a Two investments, for The to million income or Total income. yield portfolio at slightly the of by yield about for to including investment X million of the on the trading money million short-term Sigma quarter XX.X% X.X at a income and investment of of new September loss strong XX% an of fixed-income portfolio, X.X% loss The years. Directors. through million $XXX portfolio in a was have this purchased our quarter part a the for at X% investments investments Fund up XX, cash gain third had $XX Fund This had Board credit $XX XXXX. or return on of compared produced Hamilton million months.Â The the repurchase share XX, minus authorization year-to-date of performance year-end first to XXXX. this investments, million October compared of X.X% Sigma of average The AAX. latest

September of from were million share strength our on discount value.Â Next, XX% per $XX we authorization that assets repurchase on have shares at was to per at XXXX, of an to Based book value $X.X in $X share. a comments an the XX% September at sheet. I quarter, XXX,XXX which at year-end Shareholders' the price of investments quarter, at $XX.XX common billion balance used at $X.X of billion book During XX, equity billion a shares of XXXX. $XX.XX $X.X Total billion at of up were year-end repurchased our from for average at the some increase $X.X from XX, XX% increase September third XXXX. end year-end the Total group was billion XX% the cash XXXX. XX, the were

external estimated are book to early say losses our terms in of million year-end to from million actuarial side.Â Consequently, company's financial we estimates quarter we'll $XX which XXXX, activity. XXXX.Â In events up reported of September, the on both hit of the was us to results. Milton September XXXX both subject also uncertainty. open call review, value on of will Coast Hurricane after of with some from that like Thank early Florida landfall the of my these remains for late reserves. $XX flow Milton events Helene Florida be hurricane the Hurricane in made of claims fourth questions. estimates comments October. I'd recent Gulf with in Shortly from remarks And Hurricane XX% the your reserve strength will are with the at be share losses allows our that, information reinsurance. Hurricane to terms net on conclude The that completed in in Our the It to $XX.XX up company Milton XX, comfortable position, for from our per loss the we you. midyear continue The range

Operator

Alex Scott the first Our of question line Instructions] [Operator Barclays. comes from from

Unknown Analyst

for Alex. sort on had Justin could you is large called in if the development. development related it This to first reserve claim you that was casualty that mentioned wondering you I discuss the what to favorable was was of My and question the unfavorable by degree just out? one driven release reserve

Craig Howie

casualty received Justin, the was million of The Craig. quarter. we're information. quarter, for this to net favorable International claims you part, part Xth loss new that's the $X unfavorable development mentioned, the occurred information group quarter but additional the quarter, question. loss for reacting side. this on and for That's segment just number. specialty The one favorable as originally Thanks property That large had the a in adjustment The about was this XXXX. is the this The of that reason occurred period prior the We loss classes. and quarter. in for

Unknown Analyst

on like Great, the sort of unpack retention. sort of any of expect like the gross we quick higher on upgrade quarter the retention. forward and rating thank you, saw wondering this this if and I on the if and what premiums. drivers follow-up could was impact help just you should on It had retention a going looked

Giuseppina Albo

This Thank there, of take All there's couple questions Pina. you. a right, that. in so is I'll

and in In additional that goal. stated business retention was terms of both a of the international Bermuda,

we of recall, primary might business that by went beginning have we year our capital public, raised that well-priced keeping the deployed you capital and partly at on we when of the more some we As the books.

to So that that. goes

reinsurance upgrade for the Lloyd's A of of for of the an rating of us, was our had most terms rating the that our impact from and Lloyd's. operations, the In already part upgrade being benefits Syndicate the that upgrade rating has benefit rating --

else To business. increase new increase and opportunity line a a impact basis, can terms had tell new did high started business you ability, On to was going existing was X it And side you double-digit also and for really affect opportunities minute probably new We look that deals only if clients So we to quarter. our I I to out, ask me this. our of -- we going can a to release I calls on us they affect the number. with the basis, and reinsurance things. it I because honest, expected had in precise we but ability give sizes track access of year-to-date tell be we million opportunities On did we made. what expect say our impact to do I XXXX. this then If are I'm into that mostly not fielding I And believe the and know as we to said, clients, a I year-to-date would not to business also line going this you're selectively additional premium. you the brand this year, size, basically will during

a that year, look if business. probably your I about So for at a uplift over hope to expecting answers basis question. we're a it run XX% XX% starting XXXX premium rate I on our

Operator

the comes from Wells Greenspan of Elyse Fargo. from question Our next line

Elyse Greenspan

around morning. that out as I quarter. loss in kind that inflation social business think in rate and But the just driving ratio, reflects a assumptions about of run first and quarter. to question you going think know that segment? mix rate XX Good international My a of is was change forward? the more underlying uplift kind conservative the for the run I good pointed Do on the

Craig Howie

you of encourage these is, full ratios. results at to as a look the I year to underlying you gauge some better Craig. would Elyse, again, I this is What say would for

that first right from the year-to-date year or know, XX% quarter. an about on about idea, now attritional give just bridge and international, for but points you loss Baltimore is of related full about the to ratio a XX.X%, you is As XXXX to X.X was basis that at

But you has a So where does about overall mix. on depend consistently. the about full obviously, year pretty that's basis, on an running at business look XX%, been at it if this book

Elyse Greenspan

and from a a then year bit quarter. just to there growth because the pulling might in maybe of And how like in is about to be to for back Bermuda. I year pointed guys you sounds maybe you perspective XX% trend cyber, but in growth like this and like thinking growth components right, underwriting the had of discipline commentary, I And international you Am running guess, last running year? premium XX% kind correctly? overall the international would better think, for the full perhaps It

Giuseppina Albo

Pina Thanks, I'm that. Elyse. here. in And I'll blanks. fill will take any Craig, sure,

our and to at right segment You're year-to-date up showed which out, look people gross premium for encourage International we figures, written XX%. point to

we're signaled and At point we lower This the business seeing will premium but the seeing is I cyber prepared both discipline guidance. seeing. changing this trying is remarks prioritize of quarter, of line, day, will the to that also that top the reflective it for -- sacrifice on we're uphold never pressure never in we You're what we're line right point coverage right out. we And because you're terms. and out the not where was we're quarter, on out, of end bottom pricing deploying our and to the that in and to there, are light

see very product the to that our strong strong also, to to flow You'll offerings a in in But we're segment, operation. premium is strong E&S also there, the Select of our reception very part benefit know Hamilton general. of market Select continuing International with and

as So that the is part International well. segment of

Craig Howie

Bermuda. grow all mentioned, Best the Pina, the I expect upgrade. just is continue AM Elyse still to reasons asked to the you Bermuda thing only add for would including We about also

Operator

next comes the from from Our of BMO. Michael Zaremski question line

Michael Zaremski

see property I coming to can segment, of Thanks that Or think we isolated more this, historical can of national morning it the London can on mix is and casualty increased versus from your see too? think we Or market, you is because kind you property but just more I cyber? competition dimension maybe touched that the versus partially of the kind specialty.

increased kind are wanted just those dimension of seeing kind what business your of of pockets I'm help So pressures? to competitive

Giuseppina Albo

Happy that. take Sure. to

as I an mentioned we're increased cyber where So area market. competition in the yes, London seeing

Another of our is this the direct and -- then pressure book, heard that said third on pressure on area global area placements on some still financial respect with we're seeing on thing the I on class, of a where pricing large there. guess forget XXXX. from D&O the has we're property seeing class, you've facultative people that also on even insurance little mention that of bit to some pricing. business since And not other class is would an that, property with I the lines, been increases pressure class the quarterly let's Having pricing, seeing rate

that help? sure So we profitable it's Does our still adequate, making target and the most but we are business. picking spots on class that

Michael Zaremski

that to year probably cost if the so. Switching gears commission ratios still maybe push so absolute returns more are in segment. able Bermuda think But the to be are that will or you down the reinsurers acquisition curious the helps. Understood Yes, coming excellent. ceding ratios, ceding I'm

this see reserve all for Swiss we morning took a pretty Berkshire example, addition. as think big liability Re, well. I that did

finally like of getting benefit more action the kind insurers liability if reserves. So their we're on coming year. in into I'm it of play reinsurers truing feels that the up curious can

Giuseppina Albo

on in specifically to And conditions expect terms of I'm don't answer but this seeing that last in or little I I probably years as bit my forward. to terms as overarching what start going discipline in overall you I'm with going this we to more level, market going XX persistent we're what I mean of umbrella casualty, flavor business. a I'll why Sure. very give market have general everything. And seen is a start discipline. with plus market in

in very I'll touch those -- start attachment marketplace. intact Specialty. it and So is something management, underestimated comes conditions, on tower all Property staying that also but and that I think particularly pricing, with with sometimes because gets terms I'll When this limit casualty, management, to are points, And things important. and

be inflation, insurance around concerns social, we it continued continue the to pricing keep question, to no attractive. side, economic, that's casualty believe going the also but On

on see push to And expect uptick on on side. going certain on going to pressure commissions. we to ceding we're that's the to Not were what pressure pricing deals, think So insurance deal, we you also asking, specific some that certainly then see but ceding commissions. every on

Just -- tick very, casualty want since in class. our upgrade because until Best did we in the opportunity up I recently this in context, to take to last this we writing AM space mention, the in the were reinsurance our also underrepresented particularly very

our this actions that. larger reaction on now an deals years and and created advantage seeing of market we class that get during taking opportunity frankly, And scaling the their for in been select us, you're we to in and either want competitors get who -- softer to that's involved for are into, some of back, of the have quite

into quickly the cat at this circulating activity Just moving sentiment dissipated storm was pricing to I reinsurance, year, sentiments season increased. I look property, circulating conference as think into those going one-one, whatever about decreases if modest we were went as

too, we've just a cat slew of So going we're recent We've are remain there, losses the the I to pricing then not geopolitical attractive abating. if expecting And had specialty past. one-one. space into on side on and classes, tensions -- in firm finally, had

Baltimore bridge the beginning had also We the of year. at loss this

going think we least at that's So pricing those specialty classes. attractive for to keep

Thomas Mcjoynt-Griffith

casualty? moment especially Since your that's better the if trying could U.S. to Pina, And underweight, there vintages, at older bit commentary Just offense? you a casualty, color. levels play potentially are understand underweight or just read-through just of ago from a good a was that about quick Hamilton pricing a kind is follow-up

Giuseppina Albo

have offense. only we So been playing yes, for offense, Not question. we play you but thank that can

the us to comes selectively to we been peers opening we seen casualty when only who We a themselves where have reinsurance selectively turbocharged targeting started in it book 'XX adverse opportunity the our â€“ from of to the business market rating isolating have started or perhaps point or in are last frankly, A that book pulling players right we back the time, You're those larger rating This and XXXX starting underwrote improving. and over we overexposed. our X.X frankly, write quite for 'XX. the of comes found This deals, have really to A quite where our years. ability, a up has at course some have players at grow out, completely development conditions some time

playing here, class. are are that So clients same offense offense. have we mindset that targeted with that this we playing on too, we we've again, But who have disciplined

Operator

Our Instructions] Tommy comes question next KBW. from line the McJoynt [Operator from of

Thomas Mcjoynt-Griffith

this terminal level further? we around really Is ratio, continued do be ratio there years to point? now, see of down a expense the think kind we realize come leverage efficiencies that expense row to should drive should close some some Or that still opportunities getting at in down On that ratio that to operating we've starting see for solid you that. for X to

Craig Howie

better able expense the you thanks noticing to Tommy, produce continue every ratio that that's year, for for we still a each scale, as But our as expect every and question, down thanks XXXX. the ratio and has be target. say, year to come expense and since we to

we've So year achieve target again to XXXX. able since every that been

Thomas Mcjoynt-Griffith

to capital the for flexibility insurance holding is you already And kind company need you at guys from so then it have capital when does buybacks, capital the the into upstream to to capital of utilize deploy there the holding on Or company, buyback the some companies? front, want?

Craig Howie

the the able flexibility have up operating some we would is There flexibility company to buyback to use company, But holding at to. have we do as authorization. capital come from full that need the to as it be We predominantly, dividends from but utilize Yes. well.

million You we during from the authorization wind Board. still We quarter that have may left season, recall, we $XX quarter. million and $XXX million this last used authorization had on $XXX

Operator

questions do the And in queue. have the all we those are

Levenson like to back the call and to turn over the John I'd So now team.

Giuseppina Albo

Thank you. the year-end opportunity to to look shortly. We joined results call sharing forward Thanks, us everybody, who them. on this questions and We really answer with appreciate you our your today.

So on that, again. thanks

Operator

today's a conclude Have does That call. day. pleasant

Hamilton Insurance (HG) 7 Nov 242024 Q3 Earnings call transcript