Analyst Summary: HCI Group, Inc. reported its financial results for the fourth quarter and full year 2022 with diluted earnings per share of $2.01 and $7.21, respectively. The fourth quarter gross loss ratio declined to 39% due to the historic tort reforms that recently passed in Florida. Additionally, the ceded premiums increased as a percentage of gross premiums earned from 34% to 36% in the twelve months of 2022. Meanwhile, losses and loss adjustment expenses as a percent of gross premiums earned declined to 39% from 40% in the fourth quarter of 2021. The CEO of HCI Group, Paresh Patel, stated that "we believe these [tort] reforms will support a healthier market for private insurance in Florida in the years to come." The company will hold a conference call on March 9, 2023, to discuss these financial results. Forward-looking statements were made in this press release, but HCI Group disclaims all obligations to update any forward-looking statements.