HCI Group reported a net income of $2.7 million, or $0.35 diluted earnings per share, for the fourth quarter of 2020. Consolidated gross written premiums were $139.3 million, up 109.2% from the fourth quarter of 2019. Gross premiums earned increased 21.0% to $109.1 million.
Net income for the fourth quarter of 2020 totaled $2.7 million or $0.35 diluted earnings per share.
Adjusted net income for the quarter was $1.8 million or $0.22 diluted earnings per share.
Consolidated gross written premiums for the fourth quarter of 2020 were up 109.2% from the fourth quarter of 2019.
Consolidated gross premiums earned for the fourth quarter of 2020 were up 21.0% from the fourth quarter of 2019.
We remain focused on generating profits and shareholder returns.
Visualization of income flow from segment revenue to net income