HCI Group reported a net income of $2.8 million, or $0.09 diluted earnings per share, for the first quarter of 2022. Adjusted net income was $5.5 million, or $0.34 diluted earnings per share. Consolidated gross written premiums increased by 40.9% year-over-year, and consolidated gross premiums earned increased by 36.6%.
Net income for Q1 2022 totaled $2.8 million, or $0.09 diluted earnings per share.
Adjusted net income for Q1 2022 was $5.5 million, or $0.34 diluted earnings per share.
Consolidated gross written premiums increased 40.9% year-over-year to $177.3 million.
Consolidated gross premiums earned increased 36.6% year-over-year to $178.9 million.
Management expressed confidence in their technology capabilities and plans to take advantage of potential opportunities in the future.
Visualization of income flow from segment revenue to net income
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