Overview

* HCI Group ( HCI ) Q3 net income rises to $67.9 mln from $9.4 mln in 2024

* Diluted EPS for Q3 increases to $4.90 from $0.52 in 2024

* Gross premiums earned in Q3 grow 13.4% yr/yr to $301.1 mln

Outlook

* Company did not provide specific forward-looking guidance

Result Drivers

* HIGHER PREMIUMS - Gross premiums earned rose 13.4% due to a higher volume of policies in force

* REDUCED LOSSES - Losses and loss adjustment expenses decreased due to lower catastrophic event activity and claim frequency

* INTEREST EXPENSES - Interest expense decreased

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $4.90

Q3 Net $67.90

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "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 3.1% below its November 5 closing price of $203.61

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(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.)