HCI Group

HCI Group, Inc. engages in the business of property and casualty insurance, reinsurance, real estate, and information technology. It operates through the following segments: Insurance Operations, Real Estate, and Corporate and Others. The Insurance Operations segment includes the property and casualty insurance division and reinsurance division. The Real Estate segment consists of commercial properties the firm owns for investment purposes or for use in its own operations. The Corporate and Others segment represents the activities of the holding companies, the information technology division, and other companies. The company was founded by Paresh Patel, Gregory Politis, and Martin A. Traber on November 30, 2006 and is headquartered in Tampa, FL.

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HCI Group reports improved Q4 earnings, eyes growth in Florida

HCI Group delivered a strong performance in Q4 2022, with improved net income and EPS driven by robust insurance division results. Despite facing challenges from legislative changes and increased loss reserves, the company remains optimistic about growth opportunities in the Florida market. HCI Group's strategic actions, including returning capital to shareholders and real estate market strength, position it well for future success.

HCI Group posts strong Q1 earnings, eyes growth opportunities

HCI Group delivered robust financial results in Q1 2023, driven by strong performance across its insurance and real estate divisions. The company's focus on underwriting actions, legislative reforms, and operational strategies has yielded positive outcomes, reflected in improved earnings and loss ratios.

HCI Group reports strong Q2 earnings, eyes growth opportunities

HCI Group's Q2 2023 earnings call reflects robust financial performance, marked by improved loss ratios and increased book value per share.
The company's strategic focus on depopulating Citizens, strengthening TypTap's profitability, and optimizing reinsurance bodes well for future growth.
While challenges like policy growth and market competition persist, HCI Group's strong performance and strategic initiatives position it well for future opportunities.
Overall, HCI Group's performance, strengths, and proactive approach to challenges indicate a promising outlook for sustained growth and profitability.

HCI Group posts robust Q3 earnings, eyes growth in insurance

HCI Group demonstrated strong financial performance and stability in Q3 2023, supported by growth in premiums and prudent investment strategies.
While facing challenges in a competitive market, HCI Group's strategic initiatives and dividend payments showcase its commitment to long-term value creation.
The company's focus on legislative reforms, new business ventures, and financial strength positions it well to capitalize on growth opportunities in the insurance sector.

HCI Group reports robust Q4 earnings, eyes growth opportunities

HCI Group's Q4 2023 performance showcased strong financial results, with growth in premiums, improved loss ratios, and strategic financial moves. Despite facing challenges in managing reserves and navigating capital transactions, the company's focus on growth and market opportunities presents a positive outlook for stakeholders.

HCI Group excels in Q1 2024, eyes expansion and tech-driven growth

HCI Group delivered strong financial results in Q1 2024, showcasing robust performance metrics and strategic initiatives. The company's focus on technology, dividend consistency, and premium growth highlights its resilience and potential for expansion. While facing challenges in evaluating growth avenues, HCI Group's solid balance sheet and operational improvements position it well for future opportunities.

HCI Group posts robust Q2 results, eyes growth amid challenges

HCI Group's Q2 2024 performance reflects financial strength, operational resilience, and strategic dividend payouts, underlining stability and growth potential.
While challenges like CAT losses and operational complexities exist, the company's focus on risk management and growth initiatives positions it well for the future.
Opportunities in technology, market expansion, and risk diversification offer HCI Group avenues for sustained growth and competitive advantage in the insurance sector.

HCI Group reports resilient Q3 earnings, plans carrier launch

HCI Group's Q3 performance reflects resilience and strategic growth, driven by strong financial results and policyholder additions.
While facing challenges from hurricanes and competitive pressures, HCI's commitment to stability and growth positions it well for the future.
Opportunities for expansion through new carrier launch and strategic risk selection underscore HCI's proactive approach to market dynamics.

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TAMPA, Fla., Jan. 12, 2021 (GLOBE NEWSWIRE) -- TypTap Insurance Company , a rapidly growing, technology-driven insurance company wholly owned by HCI Group, Inc. (NYSE: HCI), has received regulatory approval to write homeowners insurance in Nevada.

TypTap Insurance Company Receives Approval to Write Homeowners Insurance in Nevada as Part of Company's Nationwide Expansion Plan

United Insurance Hlds

ST. PETERSBURG, Fla.--(BUSINESS WIRE)---- $UIHC--United Insurance Holdings Corp. (NASDAQ: UIHC), a property and casualty insurance holding company (“UPC”) and HCI Group, Inc. (NYSE: HCI), an InsurTech company with operations in insurance, software development and real estate (“HCI”), have reached an agreement in principle to transfer UPC's personal lines business in four Northeast states of Connecticut, New Jersey, Massachusetts, and Rhode Island to HCI. UPC, and its wholly owned subsidiaries, United Pro

United Insurance Holdings Corp. Announces Transfer of Business in Northeast to HCI Group, Inc.

TAMPA, Fla., Dec. 16, 2020 (GLOBE NEWSWIRE) -- TypTap Insurance Company , a rapidly growing, technology-driven insurance company wholly owned by HCI Group, Inc. (NYSE: HCI), has received regulatory approval to write homeowners insurance in the states of Indiana, Mississippi, Montana, South Carolina, South Dakota, and Utah.

TypTap Insurance Company Receives Approval to Write Homeowners Insurance in Six Additional States as Part of Nationwide Expansion Plan

HCI Group (HCI) Q3 results reflect improvement in premiums offset by lower investment income and higher expenses.

HCI Group (HCI) Q3 Loss Wider Than Expected, Revenues Beat

HCI Group's (HCI) CEO Paresh Patel on Q3 2020 Results - Earnings Call Transcript

TAMPA, Fla., Nov. 05, 2020 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, reported results for the three and nine months ended September 30, 2020.

HCI Group Reports Third Quarter 2020 Results

TypTap Insurance Subsidiary Unaffected TypTap Insurance Subsidiary Unaffected

HCI Group, Inc. Issues CAT Loss Estimate for Q3 2020

TAMPA, Fla., Oct. 22, 2020 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI) , an InsurTech company with operations in insurance, software development and real estate, has declared a regular quarterly cash dividend in the amount of 40 cents per common share for the fourth quarter of 2020. The dividend will be paid December 18, 2020 to shareholders of record on the close of business November 20, 2020.

HCI Group Declares Q4 2020 Quarterly Cash Dividend

TAMPA, Fla., Oct. 16, 2020 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, will hold a conference call on Thursday, November 5, 2020, at 4:45 p.m. Eastern time to discuss results for the third quarter ended September 30, 2020. Financial results will be issued in a press release after the close of the market on the same day.

HCI Group Sets Third Quarter 2020 Earnings Call for Thursday, November 5, 2020 at 4:45 p.m. ET

TAMPA, Fla., Oct. 07, 2020 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, has added experienced professionals Gitanjali Clark and Bob Lopes to its Board Observer Program for the 2020-2021 year.

HCI Group Welcomes Gitanjali Clark and Bob Lopes to its Board Observer Program

TAMPA, Fla., Oct. 05, 2020 (GLOBE NEWSWIRE) -- TypTap Insurance Company , a rapidly growing, technology-driven insurance company and a subsidiary of HCI Group, Inc. (NYSE: HCI), has launched Phase One of its planned nationwide expansion, which the company first announced in early August.

TypTap Insurance Company Launches Phase One of Nationwide Expansion

TAMPA, Fla., Sept.  04, 2020  (GLOBE NEWSWIRE) --  HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, has been invited to present at the 9th Annual Gateway Conference, which is being held virtually September 9 through 10, 2020.

HCI Group to Present at the 9th Annual Gateway Conference on September 9, 2020

HCI Group's (HCI) CEO Paresh Patel on Q2 2020 Results - Earnings Call Transcript

TAMPA, Fla., Aug.  06, 2020  (GLOBE NEWSWIRE) --  HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, reported results for the three and six months ended June 30, 2020.

HCI Group Reports Second Quarter 2020 Results

TAMPA, Fla., Aug.  06, 2020  (GLOBE NEWSWIRE) -- Florida InsurTech insurance provider, TypTap Insurance Company, plans to expand nationwide. The company, which provides homeowners and flood insurance, has asked Florida insurance regulators for approval of its expansion plans. With that approval, TypTap can then seek approvals from regulators in other states and expand its operations across the nation.

TypTap Insurance Company Plans Nationwide Expansion

TAMPA, Fla., Aug.  04, 2020  (GLOBE NEWSWIRE) -- The insurance subsidiaries of HCI Group, Inc. (NYSE:HCI) plan rate increases to offset, in part, increased reinsurance costs.

HCI Group Insurance Subsidiaries Plan Rate Increases as Offset for Rising Reinsurance Costs

TAMPA, Fla., July  16, 2020  (GLOBE NEWSWIRE) --  HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, will hold a conference call on Thursday, August 6, 2020, at 4:45 p.m. Eastern time to discuss results for the second quarter ended June 30, 2020. Financial results will be issued in a press release after the close of the market on the same day.

HCI Group Sets Second Quarter 2020 Earnings Call for Thursday, August 6, 2020 at 4:45 p.m. ET

TAMPA, Fla., July  08, 2020  (GLOBE NEWSWIRE) -- The board of directors of  HCI Group, Inc.   (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, has declared a regular quarterly cash dividend in the amount of 40 cents per common share for the third quarter of 2020. The dividend will be paid September 18, 2020 to shareholders of record on the close of business August 21, 2020.

HCI Group Declares Q3 2020 Quarterly Cash Dividend

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TAMPA, Fla., June  01, 2020  (GLOBE NEWSWIRE) -- Greenleaf Capital, LLC, the real estate division of HCI Group, Inc. (NYSE:HCI), has entered into an agreement with the Florida Department of Transportation by which the State of Florida will acquire HCI’s headquarters property and a nearby right of way in connection with a planned road improvement project. The combined compensation to Greenleaf for the acquisitions is set at $47.5 million. After transaction costs, Greenleaf expects to net approximately $44 million. The property, known as “Cypress Commons,” is located at 5300 West Cypress Street in Tampa. The transaction is expected to conclude by the end of July 2020.

HCI Group Headquarters to be Acquired by State of Florida as part of Road Improvement Project

HCI Group, Inc. (HCI) CEO Paresh Patel on Q1 2020 Results - Earnings Call Transcript

HCI Group (HCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

HCI Group (HCI) Reports Next Week: Wall Street Expects Earnings Growth

TAMPA, Fla., April  15, 2020  (GLOBE NEWSWIRE) -- The board of directors of  HCI Group, Inc.   (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, has declared a regular quarterly cash dividend in the amount of 40 cents per common share for the second quarter of 2020. The dividend will be paid June 19, 2020 to shareholders of record on the close of business May 15, 2020.

HCI Group Declares Q2 2020 Quarterly Cash Dividend

TAMPA, Fla., March  16, 2020  (GLOBE NEWSWIRE) --  HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, will hold its Annual Meeting of Shareholders on Thursday, June 4, 2020 at 3:00 p.m. Eastern time at its corporate headquarters located at 5300 West Cypress Street, Suite 105 in Tampa, Florida.

HCI Group Sets 2020 Annual Shareholders' Meeting and Record Date

TAMPA, Fla., March  13, 2020  (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, has authorized a program to repurchase up to $20 million of the company’s common shares through December 31, 2020, subject to market conditions.

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