HCI Group Q4 net income $2.7M; full-year net loss of $54.6M on Hurricane Ian

HCI Group, Inc.

Q4 2022 diluted EPS $0.18 vs $0.01 in Q4 2021; adjusted diluted EPS $0.06 vs ($0.14).
Full-year 2022 net loss per share $6.24; adjusted loss per share $5.48.
Gross premiums earned Q4 $183M (+16.6% YoY); gross loss ratio improved to 39.4%.
Florida tort reform cited as positive for future market; Hurricane Ian drove FY loss.
Net investment income Q4 $7.4M, up from $2.6M, on higher interest rates.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HCI Group, Inc. reported the year ended December 31, 2022 results: net income net loss of $54.6 million, EPS $6.24 loss per share.

Period: the year ended December 31, 2022
Net income: net loss of $54.6 million
EPS: $6.24 loss per share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, the company reported a net loss of $54.6 million, or $6.24 loss per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HCI Group, Inc. reported the fourth quarter ended December 31, 2022 results: net income net income of $2.7 million, EPS $0.18 diluted earnings per share.

Period: the fourth quarter ended December 31, 2022
Net income: net income of $2.7 million
EPS: $0.18 diluted earnings per share
Result: reported results

Exact text from the filing

On March 9, 2023, we released our earnings for the fourth quarter and full year ended December 31, 2022.

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HCI Group, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-007060

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