TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Wednesday reported fourth-quarter net income of $97.7 million.
The Tampa, Florida-based company said it had net income of $7.25 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.87 per share.
The property and casualty insurance holding company posted revenue of $246.2 million in the period.
For the year, the company reported profit of $299 million, or $22.72 per share. Revenue was reported as $900.9 million.
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