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HCI Group Inc (HCI)
NYSE:HCI
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
4.85Last Year’s EPS
3.65Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 14.82%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance by HCI Group, marked by robust growth in policyholder numbers and premiums, financial strength, and strategic expansion through Exzeo Group. Despite the significant impact of Hurricane Milton, the company demonstrated resilience and continued profitability, highlighting the positive trajectory of the business.Company Guidance
During HCI Group's Fourth Quarter 2024 earnings call, the company provided extensive guidance on its financial performance and strategic future. For the full year, HCI achieved a pretax income of $173 million and a diluted earnings per share of $8.89, despite experiencing three hurricanes, including Hurricane Milton, which had a net impact of $128 million. The company demonstrated strong operational efficiency, growing in-force premiums by 22% to over $1.2 billion and increasing policies in-force from 247,000 to more than 272,000, while reducing its underlying net combined ratio by 10 percentage points. The retention rate of existing customers remained strong at approximately 90%, and the company offered over 68,000 Citizens policyholders a private market option, with nearly 53,000 transitioning to HCI, reflecting a 77% success rate. Additionally, a new insurance company, Condo Owners Reciprocal Exchange, was launched, reaching approximately $70 million in in-force premium. Despite the active storm season, the company continued to deliver shareholder value, paying a dividend of $0.40 per share, marking its 57th consecutive quarterly dividend. Looking forward, HCI aims to leverage its technology to expand its market presence and explore strategic alternatives, particularly through its newly named Exzeo Group, which posted a pretax income of approximately $35 million in 2024.Strong Policyholder Retention and Growth
HCI Group maintained a retention rate of approximately 90% and grew policies in-force from 247,000 to more than 272,000, with in-force premium growth of 22% to over $1.2 billion.
Successful Citizens Policyholder Acquisition
HCI offered over 68,000 Citizens policyholders a private market option, with nearly 53,000 moving to HCI, achieving a blended success rate of 77%.
Financial Strength and Dividend Payments
HCI paid a dividend of $0.40 per share, marking the 57th consecutive quarterly dividend, and increased book value by almost $9 per share, ending the year at $42.10.
Reduced Debt and Improved Financial Ratios
HCI reduced consolidated debt by $80 million, improved the debt-to-capital ratio from 50% to 34%, and grew underwriter surplus by 50%.
Exzeo Group Profitability
Exzeo Group, the technology unit, earned approximately $35 million of pretax income in 2024, with expectations of significant growth in 2025.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $123.96 | $131.66 | +6.21% |
| Nov 07, 2024 | $114.68 | $117.88 | +2.79% |
| Aug 08, 2024 | $89.16 | $91.04 | +2.11% |
| May 08, 2024 | $113.54 | $103.30 | -9.02% |
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 May 08, 2025, TBA Not Confirmed.
What is HCI Group Inc (HCI) earnings time?
HCI Group Inc (HCI) earnings time is at May 08, 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 2025 (Q1) is 4.85.
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