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Mar 31, 2024
Hci Group Q1 2024 Earnings Report
Reported strong first quarter results driven by technology platform and strategic premium additions.
Key Takeaways
HCI Group reported a strong first quarter with pre-tax income of $77.4 million and net income of $57.0 million, or $3.81 diluted earnings per share, compared to the previous year's net income of $17.8 million, or $1.54 diluted earnings per share. The company successfully added a significant amount of premium with almost no added expense and launched a new carrier.
Pre-tax income for the first quarter was $77.4 million.
Diluted EPS for the first quarter was $3.81.
The gross loss ratio for the first quarter was 31.1%.
Consolidated gross premiums earned increased to $256.6 million from $180.1 million in the first quarter of 2023.
Hci Group
Hci Group
Hci Group Revenue by Segment
Revenue by Segment
Gross Premiums Earned Revenue
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CapyFin.com Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income