HCI · HCI Group, Inc.

HCI Group delivered a strong first quarter in 2026, with pre-tax income rising 15% to $115 million and diluted EPS increasing to $5.45 from $5.35 in the prior year quarter. The results were driven by an 8.6% increase in gross premiums earned to $326 million, reflecting higher policy volume across its insurance subsidiaries. Net investment income grew 25.8% to $17 million, supported by growth in invested assets. The gross loss and loss adjustment expense ratio improved slightly to 20.1% from 19.7%, indicating favorable underwriting performance despite higher loss expenses due to policy growth and some weather events in the Northeast. Policy acquisition and other underwriting expenses increased to $32 million, in line with premium growth. Management highlighted the quarter as a record for earned premiums, net income, and EPS. The company continued its share repurchase program, buying back $17.5 million in shares during the quarter, and as of April 30 had repurchased $37.5 million under the $80 million authorization. The earnings release did not provide explicit forward guidance, but management expressed confidence in using earnings for buybacks and balance sheet strengthening.