Loading...
•
Sep 30, 2020
Hci Group Q3 2020 Earnings Report
Reported an increase in net income and gross written premiums for the third quarter of 2020.
Key Takeaways
HCI Group reported a net income of $15.4 million, or $1.70 per diluted share, for the third quarter of 2020, compared to $5.9 million, or $0.73 per diluted share, in the third quarter of 2019. Consolidated gross written premiums for the third quarter of 2020 were $116.5 million, up 19.6% from $97.3 million in the third quarter of 2019.
Net income for the third quarter of 2020 totaled $15.4 million or $1.70 per diluted earnings per share.
Adjusted net income for the quarter was $14.4 million or $1.60 per diluted earnings per share.
Consolidated gross written premiums of $116.5 million for the third quarter of 2020, were up 19.6% from $97.3 million in the third quarter of 2019.
In-force premiums for TypTap at September 30, 2020 were $87.1 million compared with $40.1 million at September 30, 2019.
Hci Group
Hci Group
Hci Group Revenue by Segment
Revenue by Segment
Gross Premiums Earned Revenue
CapyFin.com