---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-028021"
form_type: "8-K"
ticker: "HCI"
cik: "0001400810"
company_name: "HCI Group, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:20:42.962033+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# HCI Group Q4 net income $40.9M ($3.40 EPS); full year net income $89.3M vs loss in 2022

## Summary
- Q4 net income $40.9M ($3.40 diluted EPS) vs $2.7M ($0.18) a year ago; adjusted EPS $3.22.
- Q4 gross premiums earned $215.2M (+18% YoY); gross loss ratio improved to 30.4% from 39.4%.
- Full year 2023 net income $89.3M ($7.62 EPS) vs net loss $54.6M ($6.24 loss) in 2022.
- Full year gross loss ratio 33% vs adjusted 42% in 2022; premiums ceded ratio 35.2%.
- CEO: ~30% premium-in-force growth, four Citizens assumptions, new carrier launch, $85M secondary offering.

## SEC filing metadata
- accession: 0000950170-24-028021
- form_type: 8-K
- ticker: HCI
- cik: 0001400810
- company_name: HCI Group, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400810/000095017024028021/0000950170-24-028021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400810/000095017024028021/hci-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-028021
- JSON: https://secwatch.observer/filing/0000950170-24-028021.json
- Plain text: https://secwatch.observer/filing/0000950170-24-028021.txt

## Key facts
- Earnings Releases
  HCI Group, Inc. reported the year ended December 31, 2023 results: revenue $765.5 million, net income $89.3 million, EPS $7.62 diluted earnings per share.
  - Period: the year ended December 31, 2023
  - Revenue: $765.5 million
  - Net income: $89.3 million
  - EPS: $7.62 diluted earnings per share
  - Result: reported results
  source text: measure and reconciliations to the applicable GAAP numbers accompany this press release. 1 Consolidated gross premiums earned for the twelve months of 2023 increased to $765.5 million from $724.7 million in the year ended December 31, 2022. Gross premiums earned for the twelve months of 2023 include $23 million of premium from the assumption of policies from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1400810/000095017024028021/0000950170-24-028021-index.htm
- Earnings Releases
  HCI Group, Inc. reported the fourth quarter of 2023 results: revenue $215.2 million, net income $40.9 million, EPS $3.40 diluted earnings per share.
  - Period: the fourth quarter of 2023
  - Revenue: $215.2 million
  - Net income: $40.9 million
  - EPS: $3.40 diluted earnings per share
  - Result: reported results
  source text: completed a secondary common stock offering for proceeds of $85 million.” Fourth Quarter 2023 Commentary Consolidated gross premiums earned in the fourth quarter increased to $215.2 million from $183.0 million in the fourth quarter of 2022. Gross premiums earned in the fourth quarter of 2023 include $23 million of premium from the assumption of policies from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1400810/000095017024028021/0000950170-24-028021-index.htm

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