Loading...
•
Dec 31, 2022
Hci Group Q4 2022 Earnings Report
Reported a net income and improvement in underlying profitability.
Key Takeaways
HCI Group reported a net income of $2.7 million, or $0.18 diluted earnings per share, in Q4 2022, compared to a net income of $1.4 million, or $0.01 diluted earnings per share, in Q4 2021. The company saw an increase in consolidated gross premiums earned by 16.6% and improvement in net investment income due to repositioning the investment portfolio.
Net income was $2.7 million, or $0.18 diluted earnings per share.
Adjusted net income was $1.6 million, or $0.06 diluted earnings per share.
Consolidated gross premiums earned increased 16.6% to $183.0 million.
Net investment income increased to $7.4 million.
Hci Group
Hci Group
Hci Group Revenue by Segment
Revenue by Segment
Homeowners Choice Revenue
CapyFin.comTypTap Insurance Company Revenue
CapyFin.com Forward Guidance
HCI Group believes the tort reforms passed by the Florida Legislature in 2022 will support a healthier market for private insurance in Florida.
Revenue & Expenses
Visualization of income flow from segment revenue to net income