Business
HCI Group Reports First Quarter 2026 Results
Pre-Tax Income of $115 Million Diluted EPS of $5.45Gross Loss Ratio of 20.1% TAMPA, Fla., May 06, 2026 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), reported pre-tax income of $115 million and net income of $85 million in the first quarter of 2026 compared with pre-tax income of $100 million and net income of $74 million in the first quarter of 2025. Net income after noncontrolling interests in the first quarter of 2026 was $73 million compared with $70 million in the first quarter of 2025. Di
About this update from Hci Group, Inc.
[{"type":"image","alt":"HCI Group, Inc.","displaySize":"","headline":null,"caption":"HCI Group, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":142,"url":"https://media.zenfs.com/en/globenewswire.com/89993239061445f3d74f48f205c34d7e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ho0rrziz_ezcqyqKzCLkEA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE5OQ--/https://media.zenfs.com/en/globenewswire.com/89993239061445f3d74f48f205c34d7e","width":300,"height":142}},"lazy":false},{"type":"text","content":"Pre-Tax Income of $115 Million Diluted EPS of $5.45Gross Loss Ratio of 20.1%","length":83,"tagName":"p"},{"type":"text","content":"TAMPA, Fla., May 06, 2026 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), reported pre-tax income of $115 million and net income of $85 million in the first quarter of 2026 compared with pre-tax income of $100 million and net income of $74 million in the first quarter of 2025. Net income after noncontrolling interests in the first quarter of 2026 was $73 million compared with $70 million in the first quarter of 2025. Diluted earnings per share were $5.45 in the first quarter of 2026 compared with $5.35 diluted earnings per share in the first quarter of 2025.","length":564,"tagName":"p"},{"type":"text","content":"Management Commentary“HCI Group had an excellent start to 2026, delivering record first quarter results for earned premiums, net income and earnings per share,” said HCI Group Chairman and Chief Executive Officer Paresh Patel. “Moving forward, we plan to continue using our earnings to buy back stock while strengthening our balance sheet as we prepare for the next transformational opportunity.”","length":397,"tagName":"p"},{"type":"text","content":"First Quarter 2026 ResultsGross premiums earned in the first quarter of 2026 were $326 million compared with $300 million in the first quarter of 2025. The increase was driven by a higher volume of insurance policies in force.","length":227,"tagName":"p"},{"type":"text","content":"Premiums ceded for reinsurance in the first quarter of 2026 were $104 million compared with $100 million in the first quarter of 2025. The increase was driven by a higher volume of insurance policies in force.","length":209,"tagName":"p"},{"type":"text","content":"Net investment income in the first quarter of 2026 was $17 million compared with $14 million in the f...