HCI Q1 2024 Earnings — HCI Group, Inc. Revenue & Financial Results | Market Cap Arena

HCIHCI Group, Inc.

$2B

Q1 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$206M+60.7% YoY

Gross Profit

$104M50.6% margin

Operating Income

$77M37.5% margin

Net Income

$48M23.1% margin

EPS (Diluted)

$3.81

QoQ Revenue Growth

+26.9%

Cash Flow

Operating Cash Flow

$182M

Free Cash Flow

$181M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.1B

Stockholders' Equity

$396M

Cash & Equivalents

$659M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$206M	$128M	+60.7%
Gross Profit	$104M	$45M	+130.9%
Operating Income	$77M	$23M	+234.7%
Net Income	$48M	$15M	+210.4%

Revenue Segments

H C P C I Insurance Operations

$124M93%

Corporate and Other

$6M4%

Real Estate Operations

$3M3%