Loading...
•
Sep 30, 2021
Hci Group Q3 2021 Earnings Report
Experienced a net loss due to one-time gain in prior year and increased expenses, while gross written premiums and gross premiums earned increased.
Key Takeaways
HCI Group reported a net loss of $4.9 million for the third quarter of 2021, compared to a net income of $15.4 million in the third quarter of 2020. Adjusted net loss was $3.5 million, compared to an income of $14.4 million in the same period last year. Despite the net loss, book value per share increased by approximately 16% to $30.39 per share.
Net loss of $4.9 million or $0.72 diluted loss per share, compared to net income of $15.4 million or $1.70 diluted earnings per share in Q3 2020.
Adjusted net loss of $3.5 million or $0.64 diluted loss per share, compared to income of $14.4 million or $1.60 diluted earnings per share in Q3 2020.
Book value per share increased by approximately 16% to $30.39 per share.
Consolidated gross written premiums increased 49.6% to $174.3 million from $116.5 million in Q3 2020.
Revenue by Segment
Forward Guidance
HCI Group is making important investments to maximize TypTap's opportunity, confident that the long-term payback will outweigh any short-term impact.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...