Quarterly ResultMay 6, 2026, 04:18 PM
HCI Group Q1 Pre-Tax Income $115M, Diluted EPS $5.45
AI Summary
HCI Group reported record first-quarter results for 2026, with pre-tax income rising to $115 million from $100 million in Q1 2025, and net income increasing to $85 million from $74 million. Diluted EPS grew to $5.45 from $5.35. The company also repurchased 110,071 shares for $17.5 million under its new $80 million share repurchase program. Gross premiums earned increased to $326 million, driven by a higher volume of insurance policies in force.
Key Highlights
- Diluted EPS increased to $5.45 in Q1 2026 from $5.35 in Q1 2025.
- Pre-tax income rose to $115 million in Q1 2026 from $100 million in Q1 2025.
- Net income grew to $85 million in Q1 2026 from $74 million in Q1 2025.
- Gross premiums earned increased to $326 million in Q1 2026 from $300 million in Q1 2025.
- Net investment income was $17 million in Q1 2026, up from $14 million in Q1 2025.
- Gross loss and loss adjustment expense ratio was 20.1% for Q1 2026.
- Repurchased 110,071 shares for $17.5 million in Q1 2026 under new program.
- Book value per share was $84.41 at March 31, 2026, up from $48.55 a year prior.