Quarterly ResultMay 7, 2026, 04:29 PM
HCI Group Q1 Net Income $73.41M; Revenue $242.88M
AI Summary
HCI Group reported a significant increase in net income after noncontrolling interests to $73.41 million for the first quarter of 2026, up from $69.68 million in the prior year. Total revenue also saw a healthy rise to $242.88 million. However, basic earnings per share decreased to $5.62, while diluted earnings per share slightly increased to $5.45. The company also engaged in common stock repurchases totaling $17.50 million during the quarter.
Key Highlights
- Net income after noncontrolling interests increased to $73.41 million from $69.68 million.
- Total revenue rose to $242.88 million, up from $216.43 million in the prior year.
- Net premiums earned increased to $222.15 million compared to $200.75 million last year.
- Basic earnings per share decreased to $5.62 from $6.47 in the same period last year.
- Diluted earnings per share increased to $5.45 from $5.35 year-over-year.
- Net cash provided by operating activities was $148.81 million, down from $162.01 million.
- HCI Group repurchased $17.50 million of common stock during the quarter.
- Total assets grew to $2.61 billion as of March 31, 2026, from $2.53 billion.
Price Impact
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