HCI Group, Inc. reported a pre-tax income of $14.1 million and net income of $9.4 million for the third quarter of 2024. Net income after noncontrolling interests was $5.7 million, which compares to $13.2 million in the third quarter of 2023.
Diluted earnings per share for the third quarter of 2024 stood at $0.52. These results reflect the company's financial performance during a period that included significant hurricane activity.
The company's ability to maintain profitability despite the impact of catastrophe events underscores the resilience of its business model and the effectiveness of its risk management strategies.
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