secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0000950170-22-015568
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCI Group Q2 2022 net loss $8.5M vs profit $3.8M YoY; gross premiums earned up 30%
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- Net loss of $8.5M ($1.04 per share) vs net income of $3.8M ($0.24) in Q2 2021.
- Adjusted net loss of $5.4M ($0.71 per share) vs adjusted net income of $2.7M ($0.11) last year.
- Gross premiums earned $181.1M, up 29.9% YoY; Homeowners Choice and TypTap both grew.
- Implemented 10% rate increase at Homeowners Choice and 12% at TypTap effective Aug 2022.
- Raised $170M via convertible note offering in May 2022 for strategic flexibility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017022015568/0000950170-22-015568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017022015568/hci-20220808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-015568

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer