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HCI Group Q2 2026 profit rises 18.6% to $83 million
The Tampa-based insurer reported gross premiums earned of $321 million, up 6%, as catastrophe reinsurance for the 2026 to 2027 treaty year totaled $4.06 billion in excess of loss limits.
HCI Group, Inc., a Tampa-based insurance holding company, reported second-quarter 2026 net income of $83 million, up 18.6% from $70 million in the same quarter a year earlier, according to Reinsurance News.
The insurer said pre-tax income increased to $111 million, up 18% from $94 million in Q2 2025, while net income after non-controlling interests rose to $74 million from $66 million. Gross premiums earned totaled $321 million, up 6% from $303 million, driven by higher policy volumes as average premium per policy stayed relatively consistent.
Reinsurance News reported that premiums ceded for reinsurance were $102 million, slightly down from $103 million, reflecting lower costs tied to HCI’s 2026 to 2027 catastrophe reinsurance programs that began on June 1, 2026. For that treaty year, HCI secured $4.06 billion in aggregate excess of loss limit, a 16% increase from the prior treaty year, covering three reinsurance towers running from June 1, 2026 through May 31, 2027.
HCI also reported losses and loss adjustment expenses of $71 million, up from $64 million, and a gross loss and loss adjustment expense ratio of 22.2%. Net investment income rose to $19 million from $16 million, driven by growth in invested assets, and the company said it delivered what it called record results for the quarter.