NYSE$HCI

Hci Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported results for the quarter ended March 31, 2022.

HCI Group reported a net income of $2.8 million, or $0.09 diluted earnings per share, for the first quarter of 2022. Adjusted net income was $5.5 million, or $0.34 diluted earnings per share. Consolidated gross written premiums increased by 40.9% year-over-year, and consolidated gross premiums earned increased by 36.6%.

  • Net income for Q1 2022 totaled $2.8 million, or $0.09 diluted earnings per share.
  • Adjusted net income for Q1 2022 was $5.5 million, or $0.34 diluted earnings per share.
  • Consolidated gross written premiums increased 40.9% year-over-year to $177.3 million.
  • Consolidated gross premiums earned increased 36.6% year-over-year to $178.9 million.

Headline financials

Total Revenue

$127M

Previous: $94.9M+33.9%
EPS (adj)

$0.34

Previous: $0.77-55.8%
Gross Written Premiums

$177M

Previous: $126M+40.9%
Capital Expenditures

-$1.86M

Previous: -$697K-167.0%
Free Cash Flow

-$958K

Previous: $5.45M-117.6%
Net Income

$903K

Previous: $6.15M-85.3%
Operating Income

$85.4M

Previous: $68.6M+24.5%
Gross Profit

$99.4M

Previous: $77.6M+28.1%
Cash & Equivalents

$569M

Previous: $553M+2.8%
Total Assets

$1.18B

Previous: $1.02B+15.6%
Stock-Based Comp

$4.34M

Previous: $2.34M+85.2%

Revenue & EPS history

Hci Group · Revenue · Quarterly

$127M

Q1 2022+33.9%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Hci Group · $179M total across 2 segments · Q1 2022

  • Homeowners Choice
    $118M+15.9%
  • TypTap Insurance Company
    $60.6M+110.4%

Forward guidance

Management expressed confidence in their technology capabilities and plans to take advantage of potential opportunities in the future.

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 2022

Historical avgQ1 2022

+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%

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