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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.
Hci Group
Hci Group
Hci Group Revenue by Segment
Revenue by Segment
Homeowners Choice Revenue
CapyFin.comTypTap Insurance Company Revenue
CapyFin.com 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