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HCI Group Inc (HCI)
NYSE:HCI
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$3.08Last Year’s EPS
$3.22Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -1.48%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Positive
Despite the challenges posed by a very active hurricane season, including significant claims and expenses related to three hurricanes, HCI Group demonstrated resilience with strong underlying business performance, successful policy additions, and a strengthened balance sheet. The company maintained profitability and saw substantial growth in key financial metrics.Company Guidance
During HCI Group's Q3 2024 earnings call, the company reported positive financial results despite being impacted by three hurricanes. HCI reported a pretax income of $14 million and diluted earnings per share of $0.52, supported by a strong underlying loss ratio of under 25% and an underlying combined ratio of 70%. The company processed over 10,000 claims due to the hurricanes, with an expected net expense from Hurricanes Debby and Helene totaling $58 million in Q3, and an anticipated $128 million expense for Hurricane Milton in Q4. HCI achieved a milestone by adding approximately 42,000 policies from Citizens, exceeding their initial target and expecting $35 million additional gross premiums in Q4, contributing to a total in-force premium of around $200 million. Despite the challenging hurricane season, HCI maintained a robust balance sheet, with cash and investments up $490 million year-over-year and shareholder equity more than doubling. The company declared a quarterly dividend of $0.40 per share, marking its 56th consecutive payout, and announced plans to launch its fourth admitted carrier, Taro, by early 2025. HCI also stated it has no plans to increase rates in Florida in the coming year, emphasizing stability for policyholders.Positive Earnings Despite Hurricanes
HCI Group reported pretax income of $14 million and diluted earnings per share of $0.52 in Q3 2024, despite being impacted by Hurricanes Debby and Helene.
Successful Policy Addition
HCI successfully added approximately 42,000 policies from Citizens ahead of schedule, reaching their target at the October assumption.
Strong Underlying Business Performance
The underlying loss ratio was a little under 25%, and the underlying combined ratio was 70%, indicating strong profitability.
Strengthened Balance Sheet
Over the past year, cash and investments increased by $490 million, shareholder equity more than doubled, and book value per share almost doubled.
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HCI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $115.07 | $118.29 | +2.80% |
| Aug 08, 2024 | $89.47 | $91.35 | +2.10% |
| May 08, 2024 | $113.93 | $103.65 | -9.02% |
| Mar 07, 2024 | $98.06 | $111.64 | +13.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does HCI Group Inc (HCI) report earnings?
HCI Group Inc (HCI) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is HCI Group Inc (HCI) earnings time?
HCI Group Inc (HCI) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HCI EPS forecast?
HCI EPS forecast for the fiscal quarter 2024 (Q4) is -$3.08.
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