---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-060319"
form_type: "8-K"
ticker: "HCI"
cik: "0001400810"
company_name: "HCI Group, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:20:04.511732+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HCI Group Q3 net income $15.7M ($1.34 EPS) vs $51.5M loss a year ago; gross loss ratio improves to 32%

## Summary
- Pre-tax income of $20.1M vs pre-tax loss in Q3 2022; adjusted diluted EPS of $1.41 vs loss of $5.62.
- Gross premiums earned rose 3.6% to $188.3M; net investment income (ex-real estate) nearly doubled to $9.4M.
- Loss and loss adjustment expenses fell to $66.7M from $139.8M, helped by lower claims frequency and litigation.
- Management cites Florida insurance reforms for improved loss trends; plans to expand by assuming policies from Citizens.
- Year-to-date net income $48.3M ($4.16 diluted EPS) vs loss of $57.3M in 2022.

## SEC filing metadata
- accession: 0000950170-23-060319
- form_type: 8-K
- ticker: HCI
- cik: 0001400810
- company_name: HCI Group, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400810/000095017023060319/0000950170-23-060319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400810/000095017023060319/hci-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-060319
- JSON: https://secwatch.observer/filing/0000950170-23-060319.json
- Plain text: https://secwatch.observer/filing/0000950170-23-060319.txt

## Key facts
- Earnings Releases
  HCI Group, Inc. reported the third quarter of 2023 results: revenue $188.3 million, net income $15.7 million, EPS $1.34 diluted earnings per share.
  - Period: the third quarter of 2023
  - Revenue: $188.3 million
  - Net income: $15.7 million
  - EPS: $1.34 diluted earnings per share
  - Result: reported results
  source text: businesses, which includes the assumption of policies from Citizens.” Third Quarter 2023 Commentary Consolidated gross premiums earned in the third quarter increased to $188.3 million from $181.7 million in the third quarter of 2022. The increase was primarily due to higher average premiums per policy offset in part by attrition in the number of policies in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1400810/000095017023060319/0000950170-23-060319-index.htm
- Earnings Releases
  HCI Group, Inc. reported the nine months ended September 30, 2023 results: revenue $550.3 million, net income $48.3 million, EPS $4.16 diluted earnings per share.
  - Period: the nine months ended September 30, 2023
  - Revenue: $550.3 million
  - Net income: $48.3 million
  - EPS: $4.16 diluted earnings per share
  - Result: reported results
  source text: non-GAAP financial measure and reconciliations to the applicable GAAP numbers accompany this press release. Consolidated gross premiums earned for the nine months of 2023 of $550.3 million increased from $541.8 million in the first nine months of 2022.The increase was primarily due to higher average premium per policy offset in part by attrition in the number of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1400810/000095017023060319/0000950170-23-060319-index.htm

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