HCI Group (HCI) Misses Q2 EPS by 95c

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Go back to HCI Group (HCI) Misses Q2 EPS by 95c

HCI Group Reports Second Quarter 2022 Results

August 8, 2022 4:30 PM EDT

Gross Premiums Earned Grew 30%Implemented Rate Increases to Offset Inflation

TAMPA, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported a net loss of $8.5 million, or $1.04 per share, in the second quarter of 2022 compared with net income of $3.8 million, or $0.24 diluted earnings per share, in the second quarter of 2021. Adjusted net loss (a non-GAAP measure which excludes net unrealized gains or losses on equity... More