HCI Group swings to Q2 profit as loss trends and investment income improve

Published: Tue 5 Sep 2023

HCI Group cited lower claim frequency and reduced litigation frequency in Florida as well as higher average premium per policy as factors in a much-improved second quarter performance that included adjusted net income of $14.2mn, or $1.22 per share, compared to an adjusted net loss of $5.4mn, or $0.71 per share in the prior-year period.