HCI Group (HCI) Tops Q1 EPS by $1.34

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HCI Group Reports First Quarter 2023 Results

May 9, 2023 4:15 PM EDT

Pre-Tax Income of $23.1 millionFirst Quarter Gross Loss Ratio Improved to 33.6% from 40.6%Greenleaf Sells Two Properties for a Gain of $8.9 Million

TAMPA, Fla., May 09, 2023 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported net income of $17.8 million, or $1.54 diluted earnings per share in the first quarter of 2023, compared with net income of $2.8 million, or $0.09 diluted earnings per share, in the first quarter of 2022.

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