HCI Group (HCI) Tops Q3 EPS by 7c

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Go back to HCI Group (HCI) Tops Q3 EPS by 7c

HCI Group Reports Third Quarter and Nine-Month 2015 Results

November 3, 2015 4:15 PM EST

TAMPA, Fla., Nov. 03, 2015 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI) reported results today for the three and nine months ended September 30, 2015.

Third Quarter 2015 - Financial Results

Income available to common stockholders in the third quarter of 2015 totaled $7.4 million, or $0.71 diluted earnings per common share, compared with $14.1 million, or $1.23 diluted earnings per common share in the third quarter of 2014.

Gross premiums earned in the third quarter of 2015 increased 16.7% to $103.8 million from $88.9 million in the same period in 2014. The increase was primarily due to the assumption of approximately 6,000 homeowners multi-peril... More