NYSE$HCI

Hci Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported positive financial results driven by growth in gross written premiums and net investment income.

HCI Group reported a net income of $6.1 million, or $0.75 diluted earnings per share, for the first quarter of 2021, compared to $0.5 million, or $0.07 diluted earnings per share, for the first quarter of 2020. Consolidated gross written premiums increased by 64.4% year-over-year, driven by growth in Homeowners Choice and TypTap Insurance Company.

  • Net income for Q1 2021 totaled $6.1 million, or $0.75 diluted earnings per share.
  • Adjusted net income for the quarter was $6.4 million, or $0.77 diluted earnings per share.
  • Consolidated gross written premiums for Q1 2021 were up 64.4% from Q1 2020.
  • Consolidated gross premiums earned for Q1 2021 were up 41.8% from Q1 2020.

Headline financials

Total Revenue

$94.9M

Previous: $55.4M+71.3%
EPS (adj)

$0.77

Previous: $0.54+42.6%
Gross Written Premiums

$126M

No prior period
Capital Expenditures

-$697K

Previous: -$353K-97.5%
Free Cash Flow

$5.45M

Previous: $194K+2709.8%
Net Income

$6.15M

Previous: $547K+1023.9%
Operating Income

$68.6M

Previous: $26.2M+161.7%
Gross Profit

$77.6M

Previous: $44.9M+73.0%
Cash & Equivalents

$553M

Previous: $317M+74.5%
Total Assets

$1.02B

Previous: $836M+21.5%
Stock-Based Comp

$2.34M

Previous: $1.84M+27.2%

Revenue & EPS history

Hci Group · Revenue · Quarterly

$94.9M

Q1 2021+71.3%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Hci Group · $131M total across 2 segments · Q1 2021

  • Homeowners Choice
    $102M
  • TypTap Insurance Company
    $28.8M

Forward guidance

HCI Group expects to report more benefits as 2021 progresses, building on decisions made in previous periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.2%

Avg return

Earnings day

+4.7%

Avg return

5 days after

+3.4%

Avg return

30 days after

61%

39 / 64 earnings

Positive

+27.5%

Q2 2020

Best reaction

-16.4%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-1.0%+1.4%
Q4 2025+4.8%+7.6%-8.0%
Q3 2025-6.5%-2.9%-12.7%
Q1 2025+8.1%+5.1%+8.7%
Q4 2024+6.2%+10.7%+21.4%
Q3 2024+1.5%-1.1%-0.4%
Q2 2024+4.6%+6.1%+11.6%
Q1 2024-6.0%-7.6%-14.1%
Q4 2023+15.1%+14.5%+16.7%
Q3 2023+25.3%+21.0%+40.7%
Q2 2023+8.2%-1.1%-12.4%
Q1 2023+17.8%+11.3%+15.2%
Q4 2022+6.6%+7.1%-6.0%
Q3 2022+4.7%+19.4%+5.6%
Q2 2022-16.4%-20.0%-32.7%
Q1 2022+6.6%+8.9%+3.7%
Q4 2021+10.3%+14.8%+16.0%
Q3 2021-11.1%-1.8%-19.7%
Q2 2021+14.6%+13.4%+8.0%
Q1 2021+1.8%-2.6%+6.6%
Q4 2020+11.4%+24.1%+33.7%
Q3 2020+5.9%+8.6%+8.1%
Q2 2020+27.5%+29.4%+18.8%
Q1 2020+6.4%+1.0%+18.3%
Q4 2019+0.4%-6.6%-11.6%
Q3 2019+7.2%+4.2%+6.1%
Q2 2019+3.3%+3.4%+1.8%
Q1 2019-3.5%-0.3%-3.9%
Q4 2018-14.6%-8.7%-3.4%
Q3 2018+13.5%+21.2%+21.7%
Q2 2018-7.3%-6.7%-4.3%
Q1 2018-2.7%-2.7%-1.0%
Q4 2017+14.0%+11.7%+6.1%
Q3 2017-12.5%-13.1%-19.5%
Q2 2017-3.5%-4.6%-14.4%
Q1 2017+1.6%-0.7%-1.8%
Q4 2016+8.5%+8.6%+2.8%
Q3 2016+5.3%+7.8%+22.0%
Q2 2016-1.9%+4.8%+2.9%
Q1 2016-5.8%
Q4 2015-13.0%
Q3 2015-10.0%
Q2 2015-9.3%
Q1 2015+5.5%
Q4 2014+2.1%
Q3 2014-12.9%
Q2 2014+3.3%
Q1 2014-0.1%
Q4 2013-15.5%
Q3 2013-4.2%
Q2 2013-3.2%
Q1 2013+21.1%
Q1 2010-0.6%
Q4 2012+21.9%
Q3 2012-7.1%
Q2 2012-0.5%
Q1 2011-4.9%
Q1 2012+1.0%
Q4 2011+2.3%
Q4 2010+2.3%
Q3 2010+4.5%
Q3 2011+4.5%
Q2 2011+1.8%
Q2 2010+1.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro