trending Market Intelligence /marketintelligence/en/news-insights/trending/ikHOaIlfWv5hWuxjQ9QfKw2 content esgSubNav
In This List

HCI Group anticipates higher EPS starting in Q2 after repaying convertible notes

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The Worlds Largest Life Insurers, 2023

Blog

The World's Largest P&C Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


HCI Group anticipates higher EPS starting in Q2 after repaying convertible notes

HCI Group Inc. expects its EPS to increase 8 cents to 12 cents per quarter, or 32 cents to 48 cents annually, after it repaid certain convertible senior notes.

The company spent approximately $90 million to repay all of its 3.875% convertible senior notes that matured on March 15. The debt was settled in cash and as a result, the company's share count will decrease by about 1,476,500.

The earnings increases are expected to begin in the second quarter.