insurance

HCI Group Reports $85 Million Q1 Profit Amidst Mixed Premium Trends

May 7, 2026

1 source

Insurance Journal

HCI Group Reports $85 Million Q1 Profit Amidst Mixed Premium Trends

Story Summary

Tampa-based HCI Group posted $85 million in net income for Q1 2026, marking a recovery from the previous quarter's figures. While three subsidiaries achieved premium growth, Condo Owners Reciprocal Exchange experienced a sharp decline. The company plans to utilize earnings for an $80 million share repurchase program through early 2027 to strengthen its balance sheet ahead of future opportunities.

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