Overview

* HCI Group ( HCI ) fiscal Q2 diluted EPS rises to $5.18 from $4.24 yr/yr

* Gross premiums earned in fiscal Q2 up 14.8% yr/yr to $302.6 mln

* Gross loss ratio improves to 21.3% from 29.7% yr/yr

Result Drivers

* PREMIUM GROWTH - Gross premiums earned increased by 14.8% due to a higher volume of policies in force

* LOSS REDUCTION - Decline in claims and litigation frequency led to lower losses and loss adjustment expenses

* EXPENSE INCREASE - Higher gross premiums drove up policy acquisition and underwriting expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $5.18

Q2 Net $70.30

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy"

* Wall Street's median 12-month price target for Hci Group Inc ( HCI ) is $197.50, about 29.2% above its August 6 closing price of $139.86

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)