secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019745
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023019745/0000950170-23-019745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023019745/hci-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019745

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