quarterly earnings reports News

Safety Insurance Shows Fourth Quarter Profits

Safety Insurance Group Inc. (SAFT) on Tuesday reported profit of $8.1 million in its fourth quarter. On a per-share basis, the Boston-based company said it had net income of 55 cents. Earnings, adjusted for non-recurring costs, came to 94 cents …

Florida-Based Brown & Brown Posts Strong Profit for Q2

DAYTONA BEACH, Fla. (AP) — Florida-based Brown & Brown Inc. (BRO), one of the largest U.S. insurance brokerages, this week reported second-quarter net income of $257 million, up from $190 million for the second quarter of last year. On a …

American Coastal Reports Profitable Q1 for This Year

SAINT PETERSBURG, Fla. (AP) — American Coastal Insurance Corp. (ACIC) on Thursday reported first-quarter earnings of $23.6 million. The Saint Petersburg, Florida-based company, the rebranding of part of now-insolvent United Property & Casualty Insurance Co., said it had net income …

Florida’s HCI Group Reports Another Healthy Quarter

TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Wednesday reported first-quarter profit of $47.6 million, which follows a $38 million profit for Q4 2023. The Tampa-based company said it had profit of $3.81 per share. Earnings, adjusted for non-recurring …

Florida’s Heritage Insurance Reports Improved Bottom Line for Q4 and Year 2023

TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Monday reported earnings of $30.9 million in its fourth quarter, more than double what it saw in Q4 2022. The Tampa, Florida-based company said it had profit of $1.15 per …

Florida-Based HCI Group Reports Strong Gain in Q4 Earnings

TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Thursday reported fourth-quarter earnings of $38.1 million, a significant improvement over Q4 2022. The Tampa, Florida-based company said it had profit of $3.40 per share. Earnings, adjusted for non-recurring gains, were …

Holding Company for American Southern Reports Improved Net Earnings for Q3

Atlantic American Corp., the holding company for property/casualty insurer American Southern Insurance Co., Bankers Fidelity Life, and an employee benefits unit, this week reported third-quarter net income of $1.8 million, an improvement over the same period a year earlier. It …

Florida’s HCI Group Rebounds: Q3 Profit, Fewer Policies, Lower Litigation Costs

Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income in the third quarter, a strong improvement over Q3 last year, when the group saw a $52 million net loss. …

After Raising Premiums, Shedding Policies, Heritage Reports a Smaller Net Loss for Q3

Heritage Insurance Holdings, parent company of Florida’s 10th-largest property insurance company, reported a net loss of $7.4 million for the third quarter of 2023, a significant improvement over last year after the carrier shook almost 74,000 policies from its rolls …

Florida-based Brown & Brown Beats Expectations with Earnings, Dividends

Brown & Brown Inc. (BRO on NYSE) this week reported third-quarter earnings of $175.9 million. The Daytona Beach, Florida-based brokerage said it had net income of 62 cents per share. Earnings, adjusted for non-recurring costs, came to 71 cents per …