TAMPA, Fla. (AP) _ HCI Group Inc. (HCI) on Thursday reported fourth-quarter net income of $6.1 million, after reporting a loss in the same period a year earlier.
The Tampa, Florida-based company said it had net income of 82 cents per share. Earnings, adjusted for non-recurring gains, came to 76 cents per share.
The property and casualty insurance holding company posted revenue of $63.2 million in the period.
For the year, the company reported profit of $25.1 million, or $3.31 per share. Revenue was reported as $242.5 million.
HCI Group shares have declined 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.28, a drop of slightly more than 1% in the last 12 months.