HCI Group swings to Q2 profit as loss trends and investment income improve
HCI Group cited lower claim frequency and reduced litigation frequency in Florida as well as higher average premium per policy as factors in a much-improved second quarter performance that included adjusted net income of $14.2mn, or $1.22 per share, compared to an adjusted net loss of $5.4mn, or $0.71 per share in the prior-year period.
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