HCI Group reported a 15% jump in pre-tax income to $115 million for Q1 2026, driven by rising premiums and investment income.
HCI Group (NYSE:HCI) delivered its strongest first-quarter performance, with pre-tax income climbing 15% year-over-year to $115 million. Diluted earnings per share reached $5.45, supported by an 8% increase in gross premiums earned and a 12% rise in total revenue.
The company’s loss ratio held steady at 20%, matching the prior-year quarter, while the combined ratio remained at 57%, in line with full-year 2025 levels. Management attributed the results to low claims frequency and higher investment income, including a tripling of other income from subsidiaries Exzeo and Griston.
HCI reaffirmed its target combined ratio of 60%, plus or minus 5 percentage points, reflecting confidence in its current business profile. Executives highlighted continued share repurchases and expanded capital levels as key drivers of growth.