TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Wednesday reported first-quarter profit of $47.6 million, which follows a $38 million profit for Q4 2023.
The Tampa-based company said it had profit of $3.81 per share. Earnings, adjusted for non-recurring gains, were $3.65 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.74 per share.
The property and casualty insurance holding company posted revenue of $206.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $189.2 million.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Florida
Was this article valuable?
Here are more articles you may enjoy.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
