HCI Group Reports Fourth Quarter and Full Year 2016 Results
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HCI Group (HCI) Reports Q4 EPS of $0.47
February 21, 2017 4:20 PM ESTHCI Group (NYSE: HCI) reported Q4 EPS of $0.47, versus $1.05 reported last year.
Net income totaled $4.6 million or 47 cents diluted earnings per share compared with $11.1 million or $1.05 diluted earnings per share in the fourth quarter of 2015.
Gross premiums earned totaled $92.4 million compared with $101.9 million in the same period in 2015. The decrease was attributable to expected policy attrition as well as a previously announced rate decrease that went into effect January 1, 2016.
Premiums ceded decreased to $29.1 million or 31.4% of gross premiums earned from $40.3 million or 39.6% of gross... More
