HCI Group (HCI) Q1 Earnings & Revenues Top on Higher Premiums

HCI Group (HCI) reported first-quarter 2024 earnings of $3.65 per share, which beat the Zacks Consensus Estimate by 33.2%. Quarterly earnings more than doubled year over year. The quarterly results reflected better performance at Homeowner Choice and TypTap Insurance Company, partially offset by a decrease in net investment income and higher expenses. Behind the Headlines Gross premiums earned of$ 256.6 million increased 42.5% year over year. Quarterly results include $67 million of premium from the assumpt ...