HCI Group: 3Q Earnings Snapshot
TAMPA, Fla. (AP) _ HCI Group Inc. (HCI) on Tuesday reported third-quarter net income of $9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Tampa, Florida-based company said it had profit of $1. Earnings, adjusted for non-recurring costs, came to $1.02 per share.
The property and casualty insurance holding company posted revenue of $61.7 million in the period.
HCI Group shares have increased 51 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $45.16, an increase of 42 percent in the last 12 months.