HCI Group Q4 profit falls to $2.6 million as Hurricane Milton losses weigh on results
HCI Group reported fourth-quarter 2024 net income after noncontrolling interests of $2.6 million, down from $38.1 million a year earlier, as losses from Hurricane Milton and higher ceded reinsurance premiums cut profit. For the full year, pre-tax income rose to $173.4 million and diluted EPS rose to $8.89 from $7.62, and the company said it plans to keep rates flat for the foreseeable future.
Key points
- Q4 2024 GAAP diluted EPS was $0.23, versus $3.40 in Q4 2023; non-GAAP adjusted diluted EPS was $0.31, versus $3.22.
- Q4 2024 losses and loss adjustment expenses were $110.7 million, including a net loss of $78.0 million from Hurricane Milton.
- Full-year 2024 total revenue was $750.1 million, up from $550.7 million in 2023, and consolidated gross premiums earned rose 41.5% to $1,083.2 million.
- The company will hold its earnings call on February 27, 2025 at 4:45 p.m. Eastern time.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 27, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.