HCI Group Q4 Earnings Call Highlights

Management attributed the multi-year improvement in loss performance to both legislative reform and underwriting discipline. Harmsworth said claims and litigation frequency have declined for the past three years, producing a lower loss ratio in each successive year. He also said the combined ratio was under 45% in the fourth quarter, though he cautioned the figure was affected by “noise” related to Citizens assumptions completed during the quarter. On a normalized basis, he said the combined ratio was less ...