HCI Group
-
The deal follows a similar transaction on northeast business in January. -
Lemonade and Root remain the focal points of short sellers, while Metromile’s stock loan fee rate increases (pending acquisition).
-
Short interest fell in InsurTechs, but not enough to ease the pressure on the sector.
-
Storm losses were down 30% to $13mn, but the prior-year result had benefitted from a one-off gain.
-
Monday’s disclosure showed the company had $78.8mn of gross premiums earned in 2020, and $119.4mn earned in the nine months ended 30 September 2021.
-
Root and Lemonade remain the highest-shorted stocks covered, as short interest in most firms remains flat in anticipation of earnings.
-
The private equity-backed retail brokers have lessons to teach the sector’s tech start-ups.
-
Inside P&C's Research team looks at the prospects of Florida's wave of new arrivals.
-
Without any major catalysts, the short interest for the industry was muted, with movement centering around InsurTechs once again.
-
Pressure on Root cools following stock price dips, but persistent short interest in InsurTechs suggests that prices haven’t bottomed out yet.
-
The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.
-
Pressure on the InsurTechs – specifically Root and Lemonade – is intensifying.
Related
-
HCI Group spinning off in-house tech subsidiary Exzeo: CEO Patel
February 27, 2025 -
Q4 earnings roundup February 27: Aspen, HCI Group, American Coastal
February 27, 2025 -
HCI’s Tailrow assumes 14,000 policies from Florida’s Citizens
February 24, 2025 -
HCI CEO Patel in for $2.4mn cash bonus following hurricane response
December 19, 2024 -
HCI doesn’t plan to raise rates in Florida in 2025: CEO Patel
November 07, 2024