NYSE$HCI

Hci Group Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported an increase in net income and gross written premiums, driven by the growth of TypTap Insurance Company.

HCI Group reported a net income of $6.4 million, or $0.82 diluted earnings per share, for the fourth quarter of 2019, compared to a net loss of $8.5 million, or $0.95 loss per share, in the fourth quarter of 2018. Consolidated gross written premiums increased by 52.8% to $66.6 million, driven by the rapid growth of TypTap Insurance Company.

  • Net income for Q4 2019 was $6.4 million, or $0.82 diluted earnings per share.
  • Adjusted net income for Q4 2019 was $5.9 million, or $0.76 diluted earnings per share.
  • Consolidated gross written premiums for Q4 2019 increased 52.8% to $66.6 million.
  • TypTap gross written premiums grew to $24.0 million in Q4 2019, compared to $4.1 million in Q4 2018.

Headline financials

Total Revenue

$63.2M

Previous: $53M+19.3%
EPS (adj)

$0.76

Previous: -$0.48+258.3%
Gross Written Premiums

$66.6M

Previous: $43.6M+52.8%
Losses and LAE

$28.9M

Previous: $42.1M-31.4%
Dividends Per Share

$0.40

Previous: $0.38+6.7%
Capital Expenditures

$721K

Previous: $533K+35.3%
Free Cash Flow

$15.2M

Previous: -$1.39M+1198.2%
Net Income

$6.43M

Previous: -$8.47M+176.0%
Operating Income

$8.78M

No prior period
Gross Profit

$58.7M

Previous: $219M-73.2%
Cash & Equivalents

$229M

Previous: $239M-4.3%
Total Assets

$803M

Previous: $833M-3.6%
Stock-Based Comp

$1.77M

Previous: $1.36M+30.0%

Revenue & EPS history

Hci Group · Revenue · Quarterly

$63.2M

Q4 2019+19.3%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Hci Group · $188M total across 2 segments · Q3 2023

  • Homeowners Choice
    $102M+3.1%
  • TypTap Insurance Company
    $86.2M+4.2%

Forward guidance

The company did not provide specific forward guidance in the fourth quarter earnings report.

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 Q4 2019

Historical avgQ4 2019

+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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