secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123426
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCI Group Q3 2024 net income falls to $5.7M; diluted EPS $0.52 vs $1.34 YoY
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- Q3 2024 net income after noncontrolling interests of $5.7M, down from $13.2M in Q3 2023.
- Diluted EPS of $0.52 (GAAP) and $0.47 (adjusted), compared to $1.34 and $1.41 respectively.
- Gross premiums earned rose to $265.5M from $188.3M, driven by Florida growth.
- Hurricanes Helene ($40.0M) and Debby ($6.5M) were included in $105.7M losses & LAE.
- In October 2024, assumed approximately 42,000 policies from Citizens Property Insurance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024123426/0000950170-24-123426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024123426/hci-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123426

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