NYSE$HCI

Hci Group Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Experienced a net loss due to one-time gain in prior year and increased expenses, while gross written premiums and gross premiums earned increased.

HCI Group reported a net loss of $4.9 million for the third quarter of 2021, compared to a net income of $15.4 million in the third quarter of 2020. Adjusted net loss was $3.5 million, compared to an income of $14.4 million in the same period last year. Despite the net loss, book value per share increased by approximately 16% to $30.39 per share.

  • Net loss of $4.9 million or $0.72 diluted loss per share, compared to net income of $15.4 million or $1.70 diluted earnings per share in Q3 2020.
  • Adjusted net loss of $3.5 million or $0.64 diluted loss per share, compared to income of $14.4 million or $1.60 diluted earnings per share in Q3 2020.
  • Book value per share increased by approximately 16% to $30.39 per share.
  • Consolidated gross written premiums increased 49.6% to $174.3 million from $116.5 million in Q3 2020.

Headline financials

Total Revenue

$99.2M

Previous: $104M-4.6%
EPS (adj)

-$0.64

Previous: $1.60-140.0%
Gross Written Premiums

$174M

Previous: $117M+49.6%
Net Investment Income

$2.52M

Previous: $1.83M+37.6%
Capital Expenditures

-$2.58M

Previous: -$5.93M+56.4%
Free Cash Flow

-$8.82M

Previous: $9.46M-193.2%
Net Income

-$6.24M

Previous: $15.4M-140.5%
Operating Income

$69.7M

Previous: $72M-3.1%
Gross Profit

$79.4M

Previous: $93.7M-15.3%
Cash & Equivalents

$569M

Previous: $411M+38.6%
Total Assets

$1.08B

Previous: $888M+21.2%
Stock-Based Comp

$2.73M

Previous: $2.16M+26.4%

Revenue & EPS history

Hci Group · Revenue · Quarterly

$99.2M

Q3 2021-4.6%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Hci Group · $98.3M total across 1 segment · Q3 2021

  • Homeowners Choice
    $98.3M

Forward guidance

HCI Group is making important investments to maximize TypTap's opportunity, confident that the long-term payback will outweigh any short-term impact.

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 Q3 2021

Historical avgQ3 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%

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