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Dec 31, 2023
Hci Group Q4 2023 Earnings Report
Reported pre-tax income and net income with diluted earnings per share in the fourth quarter of 2023.
Key Takeaways
HCI Group reported a strong fourth quarter in 2023, with pre-tax income of $54.2 million and net income of $40.9 million, or $3.40 diluted earnings per share. The company achieved several milestones, including completing four Citizens assumptions, growing premiums-in-force by approximately 30%, and reducing the gross loss ratio to 30%.
Completed four assumptions from Citizens.
Grew premiums-in-force by approximately 30%.
Reduced the gross loss ratio to 30%.
Commenced operations of a new insurance carrier.
Hci Group
Hci Group
Hci Group Revenue by Segment
Revenue by Segment
Gross Premiums Earned Revenue
CapyFin.comHomeowners Choice Revenue
CapyFin.comTypTap Insurance Company Revenue
CapyFin.com Forward Guidance
HCI Group will hold a conference call on March 7, 2024, to discuss the financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income