HCI Group reported a strong second quarter in 2024, with pre-tax income of $76 million and net income of $57.1 million. Diluted earnings per share were $4.24, driven by growth in Florida and a decline in the gross loss ratio.
Pre-tax income was $76 million.
Diluted EPS was $4.24.
Gross loss ratio was 29.7%.
Consolidated gross premiums earned increased to $263.6 million.
HCI Group plans to replicate its success and explore new ways to exploit its technology and capitalize on new opportunities.
Visualization of income flow from segment revenue to net income
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