HCI Group
-
Its reinsurance premiums ceded are expected to reach $207mn, up from $175mn a year earlier.
-
The Floridian reported a higher loss ratio after making recent portfolio acquisitions but benefited from premium growth. -
After launching as a flood underwriter, now more than 85% of TypTap’s book is homeowners’ business.
-
HCI reported diluted earnings per share of $1.60 in Q3, compared to $1.02 a year earlier.
-
The tally surpassed its $16mn retention, but this was the first hurricane of 2020 for which it pre-announced a loss.
-
The company increased non-cat reserves by $26mn in the second quarter.
