HCI Group reported second-quarter 2026 pre-tax income of over $110 million, an 18% year-over-year increase, with diluted earnings per share of $5.60. The company's loss ratio was 22% and combined ratio 61%, both within targeted ranges, while gross premiums earned grew 6%. HCI completed its $80 million share buyback program, repurchasing 504,000 shares, and reduced reinsurance costs by over 10%, saving more than $10 million per quarter. A new distribution agreement with GEICO was signed in July and has already begun generating policies. Book value per share reached $86.60, and the company highlighted a 35% after-tax return on equity over the past 36 months.
HCI Group IncPre-tax income up 18%, EPS $5.60, and completed $80M buyback.
Berkshire Hathaway Inc