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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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