HCI Group Inc.
09/27/2021 | Press release | Distributed by Public on 09/27/2021 07:03
Selected historical financial information of TypTap Insurance Group, Inc (Form 8-K)
Selected Historical Financial Information of TypTap Insurance Group, Inc.
|
Years Ended |
Six Months Ended |
|||
|
December 31, |
June 30, |
|||
|
(Dollar amounts in thousands) |
2019 |
2020 |
2020 |
2021 |
|
Revenue: |
||||
|
Gross premiums earned |
$ 30,904 |
$ 78,836 |
$ 34,975 |
$ 67,811 |
|
Premiums ceded |
(11,076) |
(28,822) |
(8,907) |
(22,094) |
|
Net premiums earned |
19,828 |
50,014 |
26,068 |
45,717 |
|
Net income from investment portfolio |
1,537 |
797 |
20 |
831 |
|
Policy fee income |
424 |
819 |
373 |
549 |
|
Other |
40 |
97 |
63 |
650 |
|
Total revenue |
21,829 |
51,727 |
26,524 |
47,747 |
|
Expenses: |
||||
|
Losses and loss adjustment expenses |
8,505 |
34,059 |
14,638 |
28,752 |
|
Amortization of deferred policy acquisition costs |
5,275 |
13,714 |
5,686 |
10,190 |
|
Other policy acquisition expenses |
1,622 |
1,865 |
888 |
3,062 |
|
Interest expense |
2 |
2 |
1 |
90 |
|
Depreciation and amortization |
676 |
1,103 |
541 |
600 |
|
Personnel and other operating expenses |
14,240 |
17,445 |
8,717 |
13,322 |
|
Total expenses |
30,320 |
68,188 |
30,471 |
56,016 |
|
Loss before income taxes |
$ (8,491) |
$ (16,461) |
$ (3,947) |
$ (8,269) |