HCI earnings slump as growth brings higher-cost portfolios into mix
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HCI earnings slump as growth brings higher-cost portfolios into mix

Eli Rallo, 
Fiona Robertson
06 August 2021
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Florida stateline | Ingo Dörenberg/Getty Images/iStockphoto

HCI Group’s Q2 net income dropped 57% year on year to $3.8mn, or $0.24 diluted earnings per share, as a surge in losses and underwriting expenses outweighed its higher earned premium income.

The Floridian reported a 7.6% increase in Q2 gross written premiums at $185mn, with the company’s InsurTech subsidiary TypTap responsible for a third of total gross written premiums at $60.7mn.

The

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ResultsNewsFloridaHCI Group
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Eli Rallo
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Fiona Robertson
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