HG Latest Report

Hamilton Insurance's Financial Performance

At the end of 2024, Hamilton Insurance (stock code: HG) recorded a total operating revenue of RMB570,493,000, up significantly from RMB495,162,000 at the end of 2023. This growth reflects the company's positive performance in its operating activities.

Key Financial Data

1. In 2024, Hamilton's total operating revenue reached RMB570,493,000, up 15.2% from RMB495,162,000 in 2023. This change indicates that Hamilton Insurance has achieved good growth in its core business, possibly due to the improvement in market demand, increased product sales, or expanded market share.

2. Hamilton's total net premium income reached US$88.69 million in 2024, up 26.1% from 2023. This growth is mainly attributed to the expansion of multiple insurance categories, including professional insurance, property insurance, and accident insurance.

3. Hamilton Insurance's market share has significantly expanded, with its insurance business accounting for 53% in 2024, up from 32% in 2018. This indicates that the company's competitiveness and influence in the market have been enhanced.

Industry Comparison

1. Industry-wide analysis: The insurance industry performed well overall in 2024, with many companies reporting revenue growth. According to industry reports, demand for insurance products has gradually recovered in the backdrop of economic recovery, especially in commercial insurance and health insurance. The original insurance premiums of the industry are expected to exceed RMB5 trillion, up about 6.7% year-on-year. This growth rate reflects the continuous increase in demand for high-quality insurance products. [Source](https://www.163.com/dy/article/JKDADJ6C0514R9P4.html)

2. Peer evaluation analysis: Compared with other companies in the industry, Hamilton Insurance's revenue growth rate is above the industry average, demonstrating its competitiveness in the market. Other companies in the same category may have experienced similar growth, but Hamilton Insurance's performance stands out due to its unique market strategy or product portfolio.

Conclusion

Hamilton Insurance's revenue growth in 2024 is significant, reflecting its active performance in the market, especially in professional insurance. The company has successfully attracted more customers, launched new products, and expanded its market share, indicating its good market adaptability. Overall, Hamilton Insurance's performance exceeds the industry average, showing its strong competitiveness.

Opportunities

1. With the overall recovery of the industry, Hamilton Insurance can continue to expand its market share by launching new products and services.

2. The strong growth in professional insurance provides good development opportunities for the company, enhancing the sustainability of revenue.

3. By strengthening marketing and brand promotion, Hamilton Insurance can attract more customers and further boost sales.

Risks

1. Intensified competition within the industry may put pressure on Hamilton Insurance's market share and profitability.

2. Changes in interest rates may affect the company's investment income, lowering the overall profitability.

3. Losses from natural disasters may also negatively impact the company's net income, despite the growth in underwriting income.