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Stock impact report

HCI Group (HCI) Q4 Earnings & Revenues Top, Premiums Rise Y/Y [Yahoo! Finance]

HCI Group, Inc. (HCI) 
Last hci group, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: hcigroup.com
Company Research Source: Yahoo! Finance
The quarterly results reflected better performance at Homeowner Choice and TypTap Insurance Company as well as an increase in net investment income, partially offset by higher expenses. Behind the Headlines Gross premiums earned of $215.2 million increased 17.6% year over year. Quarterly results include $23 million of premium from the assumption of policies from Citizens. Net premiums earned increased 40.3% year over year to $148.6 million. Operating revenues increased 35.7% year over year to $162.7 million on account of the rise in net premiums earned and net investment income. The top line beat the Zacks Consensus Estimate by 11.4%. HCI Group, Inc. Price, Consensus and EPS Surprise HCI Group, Inc. price-consensus-eps-surprise-chart | HCI Group, Inc. Quote Net investment income was $10.3 million, up 39.2% year over year, driven by higher yields on fixed maturity securities, cash and cash equivalents, and higher cash balance. Total expenses decreased 7.4% year over ye Show less Read more
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