HCI Group Q1 net income $57.0M ($3.81 EPS) vs $17.8M ($1.54 EPS) year ago

HCI Group, Inc.

2024-Q1 EPS reported $3.81 revenue$206,614,000

Pre-tax income $77.4M; adjusted diluted EPS $3.65 vs $1.50 prior year.
Gross premiums earned $256.6M, up 42% from $180.1M; includes $67M from Citizens assumption.
Gross loss ratio improved to 31.1% from 33.6%; reinsurance cost ratio fell to 26.5% from 39.2%.
Net investment income $14.1M excluding prior-year real estate gain of $8.9M.
CEO cites strong technology leverage and carrier launch as future opportunities.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HCI Group, Inc. reported the first quarter of 2024 results: net income $57.0 million, or $3.81 diluted earnings per share.

Period: the first quarter of 2024
Net income: $57.0 million, or $3.81 diluted earnings per share
Result: reported results

Exact text from the filing

HCI Group Reports First Quarter 2024 Results First Quarter Pre-Tax Income of $77.4 million First Quarter Diluted EPS of $3.81 First Quarter Gross Loss Ratio of 31.1%

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1053 earnings releases filed in the last 30 days. Browse all earnings releases →

HCI Group, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-055761

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