Welcome to our dedicated page for Hci Group news (Ticker: HCI), a resource for investors and traders seeking the latest updates and insights on Hci Group stock.
HCI Group, Inc. (HCI) delivers innovative property insurance solutions, reinsurance strategies, and technology-driven services across residential and commercial markets. This news hub provides investors and industry stakeholders with timely updates on corporate developments, financial performance, and operational milestones.
Access authoritative reports on earnings announcements, regulatory filings, leadership updates, and strategic initiatives. Our curated collection includes press releases covering product launches, reinsurance program adjustments, real estate transactions, and technology innovations from HCI subsidiaries.
Key updates span quarterly financial results, catastrophe loss disclosures, underwriting platform enhancements, and market expansion efforts. The repository also features material events impacting HCI's diversified operations across insurance, reinsurance, and property management sectors.
Bookmark this page for streamlined access to HCI's official communications. Combine these primary sources with third-party analysis to inform your understanding of the company's risk management approaches and growth strategies in evolving insurance markets.
The board of directors of HCI Group (NYSE: HCI) has announced a regular quarterly cash dividend of 40 cents per common share. The dividend will be paid on September 20, 2024, to shareholders who are recorded as of the close of business on August 16, 2024. HCI Group operates in homeowners insurance, information technology services, real estate, and reinsurance sectors.
HCI Group announced the completion of its 2024-2025 catastrophe reinsurance programs. The treaty year runs from June 1, 2024, to May 31, 2025. HCI secured over $2.7 billion in aggregate reinsurance limit for its two towers, covering policies in and outside Florida. This includes a $14 million retention for Reinsurance Tower 1 and a $9 million retention for Reinsurance Tower 2. The estimated net consolidated reinsurance premiums ceded to third parties are around $333.6 million, assuming no losses. The premiums are subject to adjustment at September 30, 2024.
HCI Group, Inc. reported impressive first quarter 2024 results with a pre-tax income of $77.4 million and a diluted EPS of $3.81. Adjusted net income was $55.0 million, showing significant growth compared to the previous year. The company experienced a surge in consolidated gross premiums earned to $256.6 million, increased net investment income, and a lower gross loss ratio. HCI Group's management is optimistic about the future and plans to capitalize on their technology platform.
FAQ
What is the current stock price of Hci Group (HCI)?
What is the market cap of Hci Group (HCI)?
