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Mar 31, 2022
Hci Group Q1 2022 Earnings Report
Reported results for the quarter ended March 31, 2022.
Key Takeaways
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.
Hci Group
Hci Group
Hci Group Revenue by Segment
Revenue by Segment
Homeowners Choice Revenue
CapyFin.comTypTap Insurance Company Revenue
CapyFin.com Forward Guidance
Management expressed confidence in their technology capabilities and plans to take advantage of potential opportunities in the future.
Revenue & Expenses
Visualization of income flow from segment revenue to net income