TAMPA, Fla. (AP) 鈥� HCI Group Inc. (HCI) on Wednesday reported first-quarter profit of $47.6 million, which follows a $38 million profit for Q4 2023.
The Tampa-based company said it had profit of $3.81 per share. Earnings, adjusted for non-recurring gains, were $3.65 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.74 per share.
The property and casualty insurance holding company posted revenue of $206.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $189.2 million.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Florida
Was this article valuable?
Here are more articles you may enjoy.
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
