secwatch.observer — SEC 8-K summary
======================================

Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0000950170-24-028021
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024028021/0000950170-24-028021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024028021/hci-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-028021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer