HCI Group, Inc. Earnings Recaps
Q1 2026
May 7, 2026
HCI Group’s shares declined 1.3% after reporting a quarter characterized by steady earnings growth and stable underwriting metrics, but the market reaction suggests investors were unimpressed by the lack of clear upside or notable positive catalysts. The absence of a marked positive catalyst appears to have limited the stock’s upside despite a solid operational quarter.
Key takeaways
- Pretax income increased 15% year-over-year to $115 million; diluted EPS was $5.45.
- Gross premiums earned rose just over 8%, with total revenue up slightly more than 12%, supported by increased investment and other income.
- Loss ratio held steady at 20%, consistent with last year’s quarter, while combined ratio remained at 57%, indicating ongoing underwriting discipline.
- Balance sheet strengthened with stockholder equity doubling to over $1 billion and debt-to-capital ratio at a low 6%.
- Share repurchase program is active, with $37.5 million used to buy back 239,000 shares since authorization in March.
Q3 2025
Nov 8, 2025
HCI Group reported robust third-quarter results, with EPS of $4.90 and a significant decrease in loss ratio to 22%, underscoring strong operational performance and an improving balance sheet.
Key takeaways
- Pretax income surged to over $90 million, with a year-to-date increase of over 70% compared to last year.
- Book value per share rose more than 50% year-to-date to $63, contributing to total shareholders' equity of $821 million.
- Combined ratio improved to 64%, reflecting lower claim frequency and reduced operating expenses.
- Successfully assumed over 47,000 policies from Citizens, adding approximately $175 million in in-force premium.
- Exzeo's IPO solidified HCI's ownership value while the recent credit facility enhancements provide increased financial flexibility.