HCI Group

Estimates were revised from $845mn to $740mn.

The Insurance Insider US news team runs you through the earnings results for the day.

The company announced it is undertaking several strategic steps designed to increase operational and capital flexibility and to better position it for future growth opportunities.

The assumption brings TypTap’s total in-force premium to $1bn.

HCI sold a total of 1.15 million shares of its common stock at a public offering price of $78 per share, before underwriting discounts and commissions.

HCI is offering one million common stock shares priced at $78 per share.

CORE plans to commence operations in February 2024 by assuming policies representing approximately $75mn of in-force premium from state-backed insurer Citizens.

The Floridian was approved for 75,000 policies, made 72,958 offers and assumed 53,750 policies – a 74% acceptance rate.

The Inside P&C news team runs you through the earnings results for the day.

Awaiting Floir approval, the move will mark the Floridian’s entry into the commercial residential insurance space, CEO Paresh Patel told analysts Tuesday.

HCI subsidiary TypTap Insurance Company has received approval from Floir to assume up to 25,000 policies from Florida’s state-owned insurance company.

Inside P&C’s morning summary of the key stories to get you up to speed fast.