HCI(US:HCI) Globenewswire·2025-11-06 21:15Core Insights - HCI Group, Inc. reported significant growth in pre-tax income and net income for Q3 2025, with pre-tax income of $90.6 million and net income of $67.9 million, compared to $14.1 million and $9.4 million in Q3 2024 respectively [1][7] - The company achieved a diluted earnings per share of $4.90 in Q3 2025, a substantial increase from $0.52 in Q3 2024 [1][20] - HCI Group's gross premiums earned increased by 13.4% to $301.1 million in Q3 2025, driven by a higher volume of policies in force [2][20] Financial Performance - For the nine months ended September 30, 2025, HCI Group reported pre-tax income of $285.3 million and net income of $212.4 million, compared to $167.5 million and $123.4 million for the same period in 2024 [7][8] - The gross premiums earned for the nine months of 2025 rose by 15.1% to $904.1 million from $785.7 million in 2024 [8][9] - The gross loss ratio improved to 21.0% for the nine months of 2025, down from 33.6% in 2024, reflecting lower catastrophic event activity [9] Expense Management - Losses and loss adjustment expenses for Q3 2025 were $66.2 million, significantly lower than $105.7 million in Q3 2024, which included net losses from Hurricane Helene [4][26] - Policy acquisition and other underwriting expenses increased to $31.7 million in Q3 2025 from $26.1 million in Q3 2024, driven by a higher volume of premiums [5][10] - Interest expense decreased to $1.0 million in Q3 2025 from $3.4 million in Q3 2024 due to the conversion of convertible senior notes [6][11] Shareholder Value Initiatives - The company is focused on unlocking shareholder value and has established Exzeo as an independent, publicly traded entity [2] - Book value per share at the end of Q3 2025 was $63.41, up from $43.45 in Q3 2024 [20] Conference Call - HCI Group will hold a conference call on November 6, 2025, to discuss these financial results, hosted by key executives [13]