HCI Group: Fourth Quarter Earnings Overview

HCI Group Inc. Announces Fourth-Quarter Earnings

HCI Group Inc., headquartered in Tampa, Florida, revealed a net profit of $97.7 million for the fourth quarter.

The company’s earnings translated to $7.25 per share during this period.

These figures exceeded analyst forecasts, as the consensus from three analysts polled by Zacks Investment Research had anticipated earnings of $4.87 per share.

During the quarter, the property and casualty insurance provider generated $246.2 million in revenue.

Looking at the full year, HCI Group reported a total profit of $299 million, or $22.72 per share, with annual revenue reaching $900.9 million.

Report compiled by Automated Insights using data from Zacks Investment Research.