HCI Group (HCI) Reports Q4 EPS of $0.47

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HCI Group Reports Fourth Quarter and Full Year 2016 Results

February 21, 2017 4:15 PM EST

TAMPA, Fla., Feb. 21, 2017 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company primarily engaged in homeowners insurance, with additional operations in reinsurance, real estate and information technology, reported results for the three and twelve months ended December 31, 2016.

Fourth Quarter 2016 - Financial ResultsNet 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... More