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Mar 31, 2021
Hci Group Q1 2021 Earnings Report
Reported positive financial results driven by growth in gross written premiums and net investment income.
Key Takeaways
HCI Group reported a net income of $6.1 million, or $0.75 diluted earnings per share, for the first quarter of 2021, compared to $0.5 million, or $0.07 diluted earnings per share, for the first quarter of 2020. Consolidated gross written premiums increased by 64.4% year-over-year, driven by growth in Homeowners Choice and TypTap Insurance Company.
Net income for Q1 2021 totaled $6.1 million, or $0.75 diluted earnings per share.
Adjusted net income for the quarter was $6.4 million, or $0.77 diluted earnings per share.
Consolidated gross written premiums for Q1 2021 were up 64.4% from Q1 2020.
Consolidated gross premiums earned for Q1 2021 were up 41.8% from Q1 2020.
Revenue by Segment
Forward Guidance
HCI Group expects to report more benefits as 2021 progresses, building on decisions made in previous periods.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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