Hamilton Announces Common Share Repurchase Authorization
August 07 2024 - 3:46PM
Business Wire
Hamilton Insurance Group, Ltd. (NYSE: HG) (“Hamilton” or “the
Company”) announced today that its Board of Directors has
authorized the repurchase of the Company’s common shares in the
aggregate amount of $150 million (“Authorization”). Hamilton may
repurchase shares through open market repurchases and/or privately
negotiated transactions. The Authorization will expire when the
Company has repurchased the full value of shares authorized, unless
terminated earlier by the Hamilton Board of Directors.
The timing, as well as the number and value of the common shares
being repurchased, will be determined by the Company at its
discretion and will depend on a variety of factors, including the
capital position of the Company and the market price of the
Company’s common shares.
Special Note Regarding Forward-Looking Statements
This information may contain forward-looking statements which
reflect the Company's current views with respect to future events
and financial performance and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are made based on management's current
expectations and beliefs concerning future developments and their
potential effects upon Hamilton. There can be no assurance that
future developments affecting Hamilton will be those anticipated by
management. Forward-looking statements include, without limitation,
all matters that are not historical facts. These forward-looking
statements are not a guarantee of future performance and involve
risk and uncertainties, and there are certain important factors
that could cause actual results to differ, possibly materially,
from expectations or estimates reflected in such forward-looking
statements. These uncertainties and risks are described under the
section titled “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” included
in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2023 (the “Form 10-K”) and other subsequent periodic
reports filed with the SEC available electronically at www.sec.gov.
These forward-looking statements speak only as of the date of this
press release and the Company does not undertake any obligation to
update or revise any forward-looking information to reflect changes
in assumptions, the occurrence of unanticipated events, or
otherwise.
About Hamilton Insurance Group, Ltd.
Hamilton is a Bermuda-headquartered specialty insurance and
reinsurance company that underwrites risks on a global basis
through its wholly owned subsidiaries. Its three underwriting
platforms: Hamilton Global Specialty, Hamilton Select and Hamilton
Re, each with dedicated and experienced leadership, provide access
to diversified and profitable business around the world.
For more information about our company, visit
www.hamiltongroup.com or find us on LinkedIn at Hamilton.
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version on businesswire.com: https://www.businesswire.com/news/home/20240807361376/en/
Investor contacts Jon Levenson and Darian Niforatos
Investor.Relations@hamiltongroup.com
Media contact Kelly Corday Ferris
Kelly.ferris@hamiltongroup.com
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