secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055761
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024055761/0000950170-24-055761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024055761/hci-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055761

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