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Jun 30, 2021
Hci Group Q2 2021 Earnings Report
Reported results for the second quarter of 2021.
Key Takeaways
HCI Group reported a net income of $3.8 million, or $0.24 diluted earnings per share, for the second quarter of 2021. Consolidated gross written premiums were up 7.6% and consolidated gross premiums earned were up 29.3% compared to the second quarter of 2020.
Net income for the second quarter of 2021 totaled $3.8 million or $0.24 diluted earnings per share.
Adjusted net income for the quarter was $2.7 million or $0.11 diluted earnings per share.
Consolidated gross written premiums of $185.0 million for the second quarter of 2021 were up 7.6% from the second quarter of 2020.
Consolidated gross premiums earned of $139.4 million for the second quarter of 2021 were up 29.3% from the second quarter of 2020.
Hci Group
Hci Group
Hci Group Revenue by Segment
Revenue by Segment
Homeowners Choice Revenue
CapyFin.com Forward Guidance
As TypTap continues to expand, HCI Group is making important investments to maximize TypTap’s opportunity. The company is confident the long-term payback on these investments will outweigh any short-term impact.