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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

HCI Group (HCI) Is Considered a Good Investment by Brokers: Is That True?

BrightSphere Investment Group

Gigacloud Tech

Kaiser Aluminum

Murphy USA

GCT, MUSA, HCI, KALU and BSIG are five stocks with explosive relative price strength.

5 Top-Ranked Relative Price Strength Stocks for Your Basket

HCI Group (HCI) concluded the recent trading session at $109.91, signifying a -1.69% move from its prior day's close.

HCI Group (HCI) Falls More Steeply Than Broader Market: What Investors Need to Know

Pilgrim's Pride

Seanergy Maritime Hlds

StoneCo

Add value to your portfolio with high earnings yield stocks like STNE, HCI, SHIP and PPC to tide over market uncertainty amid inflation and geopolitical tensions.

4 High Earnings Yield Stocks to Buy Amid Market Uncertainty

TAMPA, Fla., April 11, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, will hold a conference call on Wednesday, May 8, 2024, at 4:45 p.m. Eastern time to discuss results for the first quarter ended March 31, 2024. Financial results will be issued in a press release the same day after the close of the market.

HCI Group Sets First Quarter 2024 Earnings Call for Wednesday, May 8, 2024, at 4:45 p.m. ET

Here is how HCI Group (HCI) and Amerisafe (AMSF) have performed compared to their sector so far this year.

Is HCI Group (HCI) Outperforming Other Finance Stocks This Year?

TAMPA, Fla., March 26, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, will hold its Annual Meeting of Shareholders on Tuesday, June 11, 2024, at 3:00 p.m. Eastern time in the 1st Floor Auditorium of HCI's headquarters at 3802 Coconut Palm Drive, Tampa, Florida.

HCI Group Sets 2024 Annual Shareholders Meeting and Record Date

Does HCI Group (HCI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why HCI Group (HCI) is a Great Choice

HCI Group (HCI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

HCI Group, Inc. (HCI) Hits Fresh High: Is There Still Room to Run?

HCI Group (HCI) fourth-quarter results reflect better performance at Homeowner Choice and TypTap Insurance Company as well as an increase in net investment income, partially offset by higher expenses.

HCI Group (HCI) Q4 Earnings & Revenues Top, Premiums Rise Y/Y

HCI Group reported better-than-expected fourth-quarter earnings and revenue late Thursday. HCI stock surged as insurance stocks have performed well in 2024.

This Property Insurance Firm Just Saw EPS Grow 5,000% As Industry Stocks Rally

HCI Group, Inc. (NYSE:HCI ) Q4 2023 Earnings Conference Call March 7, 2024 4:45 PM ET Company Participants Matt Glover - Gateway Group Inc. Karin Coleman - Chief Operating Officer Mark Harmsworth - Chief Financial Officer Paresh Patel - Chief Executive Officer Conference Call Participants Matthew Carletti - JMP Securities Michael Phillips - Oppenheimer Mark Hughes - Truist Casey Alexander - Compass Point Operator Good afternoon and welcome to HCI Group's Fourth Quarter 2023 Earnings Call. My name is John, and I will be your conference operator.

HCI Group, Inc. (HCI) Q4 2023 Earnings Call Transcript

The headline numbers for HCI Group (HCI) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

HCI Group (HCI) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

HCI Group (HCI) came out with quarterly earnings of $3.22 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $0.06 per share a year ago.

HCI Group (HCI) Q4 Earnings and Revenues Top Estimates

Fourth Quarter Diluted EPS of $3.40Fourth Quarter Gross Loss Ratio of 30.4%Fourth Quarter Pre-Tax Income of $54.2 million

HCI Group Reports Fourth Quarter and Full Year 2023 Results

TAMPA, Fla., Jan. 31, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, will hold a conference call on Thursday, March 7th at 4:45 p.m. Eastern time to discuss results for the fourth quarter and year ended December 31, 2023. Financial results will be issued in a press release the same day after the close of the market.

HCI Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Thursday, March 7 at 4:45 p.m. ET

TAMPA, Fla., Jan. 22, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, along with its majority owned subsidiary, TypTap Insurance Group, Inc., announced today the undertaking of several strategic steps designed to increase operational and capital flexibility and to better position the company for future growth opportunities. These steps include the modification of the company's relationship with Centerbridge Partners L.P., including extending the warrant held by Centerbridge and redeeming all outstanding preferred shares of TypTap Insurance Group held by Centerbridge.

HCI Group Takes Strategic Steps to Better Position Company for Future Opportunities

TAMPA, Fla., Jan. 10, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has notified holders of its 4.25% Convertible Senior Notes that it has elected to redeem the remaining $24 million principal balance of the Notes. The redemption date is March 15, 2024. As a result of this notice, the Notes became immediately convertible into HCI common shares. The current conversion rate, which is subject to adjustment, is 16.5893 common shares per $1,000 principal amount of the Notes. The company expects all holders will elect to convert their Notes. Such conversions will have no impact on HCI's diluted share count.

HCI Group to Redeem 4.25% Convertible Senior Notes

TAMPA, Fla., Jan. 02, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that Condo Owners Reciprocal Exchange, an HCI-sponsored reciprocal insurer with plans to write commercial residential policies, secured a Financial Stability Rating of ‘A', Exceptional, from Demotech.

Condo Owners Reciprocal Exchange, an HCI Group Sponsored Insurer, Secures ‘A', Exceptional Rating From Demotech

HCI Group's (HCI) TypTap assumes around 6,800 policies from the first transfer from Florida's Citizens Property Insurance Corporation.

HCI Group (HCI) Affiliate TypTap Surpasses $1B In-Force Premium

TAMPA, Fla., Dec. 19, 2023 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that its majority owned subsidiary, TypTap Insurance Company, has successfully assumed approximately $30 million of in-force premium from Citizens Property Insurance Corporation, Florida's state-backed insurance company.

HCI Group Insurance Subsidiary Assumes $30 Million of In-Force Premium from Citizens, Consolidated In-Force Premium Reaches $1 Billion

HCI Group (HCI) is a Great Momentum Stock: Should You Buy?

TAMPA, Fla., Dec. 11, 2023 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today the closing of its underwritten public offering of 1,150,000 shares of its common stock at a public offering price of $78 per share, before underwriting discounts and commissions. This includes the exercise in full by the underwriters of their option to purchase up to an additional 150,000 shares of common stock in the offering, resulting in additional net proceeds to the company of approximately $11.1 million, after deducting underwriting discounts and commissions and estimated offering expenses. Total net proceeds to the company were approximately $85 million, after deducting underwriting discounts and commissions and estimated offering expenses. HCI Group intends to use the net proceeds from the offering, including the proceeds received in connection with the exercise of the underwriters' option, for general corporate purposes, including the continued assumption of policies from Citizens Property Insurance Corporation.

HCI Group Announces Closing of Public Offering Including Full Exercise of the Underwriters' Option to Purchase Additional Shares

TAMPA, Fla., Dec. 06, 2023 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today the pricing of its underwritten public offering of 1,000,000 shares of its common stock at a public offering price of $78 per share, for total gross proceeds of approximately $78 million, before deducting underwriting discounts and commissions and other offering expenses payable by HCI Group. All of the shares in the offering are being sold by HCI Group. In addition, HCI Group has granted the underwriters a 30-day option to purchase up to 150,000 additional shares of its common stock at the public offering price, less the underwriting discounts and commissions. The offering is expected to close on December 11, 2023, subject to the satisfaction of customary closing conditions.

HCI Group Announces Pricing of Underwritten Public Offering of Common Stock

TAMPA, Fla., Dec. 06, 2023 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that it has commenced an underwritten public offering of 1,000,000 shares of its common stock. All of the shares are being offered by HCI Group. In addition, HCI Group expects to grant the underwriters a 30-day option to purchase up to an additional 150,000 shares of its common stock sold in the public offering at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

News for HCI Group Stock (HCI)