HCI Group (HCI) Q2 Earnings, Revenues Top, Premiums Rise Y/Y

HCI Group (HCI) reported second-quarter 2024 earnings of $4.21 per share, which beat the Zacks Consensus Estimate by 17.6%. Quarterly earnings rose more than threefold year over year. The quarterly results reflected solid underwriting experience, better performance at Homeowner Choice and TypTap Insurance Company as well as an increase in net investment income, partially offset by higher expenses. Behind the Headlines Gross premiums earned of$ 263.6 million increased 44.9% year over year, driven primarily b ...