HCI Group (HCI) Tops Q2 EPS by 11c

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HCI Group Reports Second Quarter and Six-Month 2015 Results

August 4, 2015 4:05 PM EDT

TAMPA, Fla., Aug. 4, 2015 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI) reported results today for the three and six months ended June 30, 2015.

Second Quarter 2015 - Financial Results

Income available to common stockholders in the second quarter of 2015 totaled $22.0 million, or $1.93 diluted earnings per common share, compared with $16.4 million, or $1.39 diluted earnings per common share in the second quarter of 2014.

Gross premiums earned in the second quarter of 2015 increased 18.1% to $107.8 million from $91.2 million in the same period in 2014. The increase was primarily due to the assumption of approximately 6,000 homeowners multi-peril... More