Core Insights - HCI Group, Inc. reported a 13% increase in gross premiums earned for Q3 2025, reaching $301.1 million, up from $265.5 million in Q3 2024, driven by a higher volume of policies in force [1] - The company achieved significant profitability improvements, with pre-tax income of $90.6 million and net income of $67.9 million for Q3 2025, compared to pre-tax income of $14.1 million and net income of $9.4 million in the same period last year [3][4] - The gross loss ratio for Q3 2025 was 22%, a decrease from 39.8% in Q3 2024, reflecting lower catastrophic event activity and reduced claim frequency [2] Quarterly Performance - Premiums ceded for reinsurance decreased to $106.1 million in Q3 2025 from $109.7 million in Q3 2024 [2] - Losses and loss adjustment expenses for Q3 2025 were $66.2 million, down from $105.7 million in Q3 2024, which included net losses of $40.0 million from Hurricane Helene [2] - Policy acquisition and other underwriting expenses rose to $31.7 million in Q3 2025 from $26.1 million in Q3 2024, attributed to a higher volume of premiums in force [3] Year-to-Date Performance - For the first nine months of 2025, HCI reported pre-tax income of $285.3 million and net income of $212.4 million, compared to pre-tax income of $167.5 million and net income of $123.4 million in the same period last year [5] - Gross premiums earned increased by 15.1% to $904.1 million from $785.7 million in the first nine months of 2024, driven by a higher volume of policies in force [5] - Losses and loss adjustment expenses for the first nine months of 2025 were $189.9 million, down from $264 million in the same period last year [6] Strategic Initiatives - The company is focused on unlocking shareholder value and has established Exzeo as an independent, publicly traded entity [8]