HCI Group Q3 net loss $51.5M ($5.66/share) as Hurricane Ian claims weigh; gross premiums up 21%

HCI Group, Inc.

2022-Q3 EPS reported -$6.26 revenue$379,620,000

Net loss of $51.5M ($5.66 loss per share) vs net loss of $4.9M ($0.72 loss per share) in Q3 2021.
Gross premiums earned $181.7M (+21% YoY); gross written premiums $191.2M (+10% YoY).
Hurricane Ian claims consistent with prior disclosure; loss ratio excluding Ian improved to 41.4% from 47.9% in Q2 2022.
Net investment income $18.5M, up from $2.5M, driven by $13.4M gain on property sale.
Year-to-date net loss $57.3M vs net income $5.8M in prior year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HCI Group, Inc. reported the nine months ended September 30, 2022 results: net income net loss of $57.3 million, EPS $6.26 loss per share.

Period: the nine months ended September 30, 2022
Net income: net loss of $57.3 million
EPS: $6.26 loss per share
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2022, the company reported a net loss of $57.3 million, or $6.26 loss per share, compared with net income of $5.8 million, or $0.22 diluted earnings per share, for the nine months ended September 30, 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HCI Group, Inc. reported the third quarter of 2022 results: net income net loss of $51.5 million, EPS $5.66 loss per share.

Period: the third quarter of 2022
Net income: net loss of $51.5 million
EPS: $5.66 loss per share
Result: reported results

Exact text from the filing

HCI Group, Inc. (NYSE:HCI) , a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported a net loss of $51.5 million, or $5.66 loss per share, in the third quarter of 2022 compared with net loss of $4.9 million, or $0.72 loss per share, in the third quarter of 2021.

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Source: SEC EDGAR

accession 0000950170-22-023268

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