05:34 PM EDT, 10/16/2024 (MT Newswires) -- HCI Group ( HCI ) said late Wednesday that it expects to pay $600 million to $750 million in policyholder claims linked to Hurricanes Debby, Helene, and Milton.

Net retained losses from the trio are expected to result in a net expense of about $60 million in Q3. Including this loss, the company expects to report a pre-tax profit in Q3.

Net retained losses from Hurricane Milton will likely result in a net expense of roughly $125 million in Q4.