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Dec 31, 2019
Hci Group Q4 2019 Earnings Report
Reported an increase in net income and gross written premiums, driven by the growth of TypTap Insurance Company.
Key Takeaways
HCI Group reported a net income of $6.4 million, or $0.82 diluted earnings per share, for the fourth quarter of 2019, compared to a net loss of $8.5 million, or $0.95 loss per share, in the fourth quarter of 2018. Consolidated gross written premiums increased by 52.8% to $66.6 million, driven by the rapid growth of TypTap Insurance Company.
Net income for Q4 2019 was $6.4 million, or $0.82 diluted earnings per share.
Adjusted net income for Q4 2019 was $5.9 million, or $0.76 diluted earnings per share.
Consolidated gross written premiums for Q4 2019 increased 52.8% to $66.6 million.
TypTap gross written premiums grew to $24.0 million in Q4 2019, compared to $4.1 million in Q4 2018.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in the fourth quarter earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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