---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-019745"
form_type: "8-K"
ticker: "HCI"
cik: "0001400810"
company_name: "HCI Group, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:41:31.437460+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# HCI Group Q1 net income $17.8M ($1.54 EPS) vs $2.8M year ago; loss ratio improves to 33.6%

## Summary
- Net income of $17.8M, diluted EPS $1.54; adjusted net income $17.4M ($1.50 EPS).
- Gross premiums earned $180.1M, up from $178.9M YoY; ceded premiums rose to 39.2% of gross.
- Loss ratio improved to 33.6% from 40.6% on lower claims and litigation frequency in Florida.
- Net investment income $17.7M, including $8.9M gain from two Greenleaf property sales.
- Policy acquisition costs fell to 12.6% of premiums from 16.4% on higher renewal mix.

## SEC filing metadata
- accession: 0000950170-23-019745
- form_type: 8-K
- ticker: HCI
- cik: 0001400810
- company_name: HCI Group, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400810/000095017023019745/0000950170-23-019745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400810/000095017023019745/hci-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-019745
- JSON: https://secwatch.observer/filing/0000950170-23-019745.json
- Plain text: https://secwatch.observer/filing/0000950170-23-019745.txt

## Key facts
- Earnings Releases
  HCI Group, Inc. reported first quarter ended March 31, 2023 results: revenue $180.1 million, net income $17.8 million, EPS $1.54 diluted earnings per share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $180.1 million
  - Net income: $17.8 million
  - EPS: $1.54 diluted earnings per share
  - Result: reported results
  source text: said HCI Group Chairman and Chief Executive Officer Paresh Patel. First Quarter 2023 Commentary Consolidated gross premiums earned in the first quarter of 2023 increased to $180.1 million from $178.9 million in the first quarter of 2022. The increase was primarily due to higher average premium per policy offset by a decline in the number of policies in force.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1400810/000095017023019745/0000950170-23-019745-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.