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

TAMPA, Fla., March 14, 2022 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI), a holding company primarily engaged in homeowners insurance, with additional operations in reinsurance, real estate and information technology, has authorized a plan to repurchase up to $20 million of the company's common shares during 2022, subject to market conditions.

HCI Group Authorizes $20 Million Stock Repurchase Program for 2022

HCI Group's (HCI) Q4 results reflect improved revenues, growth in Homeowners Choice and sustained expansion across its insurance operation - TypTap Insurance Company. Escalating costs weigh on the upside.

HCI Group (HCI) Shares Rise on Q4 Earnings and Revenue Beat

The company reported earnings results for the fourth quarter of 2021.

Why Shares of HCI Group Are Rising

HCI Group, Inc. (HCI) CEO Paresh Patel on Q4 2021 Results - Earnings Call Transcript

HCI Group (HCI) delivered earnings and revenue surprises of 72% and 5.28%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

HCI Group (HCI) Reports Q4 Loss, Tops Revenue Estimates

TAMPA, Fla., March 08, 2022 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported results for the three and twelve months ended December 31, 2021.

HCI Group Reports Fourth Quarter and Full Year 2021 Results

TAMPA, Fla., March 07, 2022 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) announced today that conversions to common stock have reduced the principal balance of its outstanding 4.25% Convertible Senior Notes to approximately $24 million from $139 million a year ago. Under the note indenture, the remaining noteholders had the option to require the company to purchase their notes on March 1, 2022. That option expired on February 28 without any holders having exercised. Holders of the $24 million of notes will again have the option to require purchase of their notes on March 1, 2027 and March 1, 2032.

HCI Group Continues to Strengthen Balance Sheet

TAMPA, Fla., Jan. 21, 2022 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share for the first quarter of 2022. The dividend will be paid March 18, 2022 to shareholders of record at the close of business February 18, 2022.

HCI Group Declares Q1 2022 Quarterly Cash Dividend

TAMPA, Fla., Jan. 12, 2022 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, reinsurance and real estate, today announced an update regarding the previously announced initial public offering of its subsidiary, TypTap Insurance Group, Inc.

HCI Group Provides Update on Initial Public Offering of TypTap Insurance Group

HCI Group (HCI) will provide 85% quota share reinsurance on all in-force, new and renewal policies of United Property and Casualty Insurance Company in the Southeast.

HCI Group (HCI) to Buy United Insurance's 3 Personal Lines Arms

TAMPA, Fla., Dec. 16, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, reinsurance and real estate, has reached an agreement in principle with United Insurance Holdings Corp. (NASDAQ: UIHC) to transition all of United's personal lines insurance business in the states of Georgia, North Carolina, and South Carolina to HCI. The business to be transitioned represents approximately $90 million of annual premiums.

HCI Group to Acquire Insurance Business in Three Southeast States from United Insurance Holdings Corp.

United Insurance Hlds

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--United Insurance Holdings Corp. (Nasdaq: UIHC), a data-driven personal and commercial lines insurance holding company with investments in emerging InsurTech innovations (“UPC Insurance”) 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 Insurance's personal lines business in the three Southeast states of Georgia, North Caro

United Insurance Holdings Corp. Announces Continued Shift to Commercial Specialty Lines With Sale of Southeast Personal Lines Renewal Rights to HCI Group, Inc.

HCI Group, Inc. (HCI) CEO Paresh Patel on Q3 2021 Results - Earnings Call Transcript

HCI Group (HCI) Q3 results reflect higher revenues and sustained expansion across its insurance operation - TypTap Insurance Company, partly offset by escalating costs.

HCI Group (HCI) Q3 Earnings Miss Estimates, Revenues Beat

HCI Group (HCI) delivered earnings and revenue surprises of -811.11% and 4.01%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

HCI Group (HCI) Reports Q3 Loss, Tops Revenue Estimates

TAMPA, Fla., Nov. 08, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI) today announced that its majority owned subsidiary, TypTap Insurance Group, Inc., has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the proposed initial public offering of TypTap's common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market 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.

HCI Group Announces Public Filing of Registration Statement for Proposed Initial Public Offering of Subsidiary TypTap Insurance Group, Inc.

TAMPA, Fla., Nov. 08, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, reinsurance, real estate and information technology services, reported results for the three and nine months ended September 30, 2021.

HCI Group Reports Third Quarter 2021 Results

TAMPA, Fla., Oct. 21, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, software development, and real estate, will hold a conference call on Tuesday, November 9, 2021 at 8:30 a.m. Eastern time to discuss results for the third quarter ended September 30, 2021. Financial results will be issued in a press release prior to the conference call.

HCI Group Sets Third Quarter 2021 Earnings Call for Tuesday, November 9, 2021 at 8:30 a.m. ET

TAMPA, Fla., Oct. 21, 2021 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share for the fourth quarter of 2021. The dividend will be paid December 17, 2021 to shareholders of record at the close of business November 19, 2021.

HCI Group Declares Q4 2021 Quarterly Cash Dividend

HCI Group's (HCI) second-quarter results indicate revenue growth stemming from improved net premiums earned and net investment income, partly offset by high costs.

HCI Group (HCI) Q2 Earnings Beat Estimates, Revenues Up Y/Y

HCI Group, Inc. (HCI) CEO Paresh Patel on Q2 2021 Results - Earnings Call Transcript

Gannett Co.

These aren't the normal run-of-the-mill technology companies, but they're still on the rise.

Friday's 2 Most Surprising Stock Winners

HCI Group (HCI) delivered earnings and revenue surprises of 266.67% and 5.99%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

HCI Group (HCI) Q2 Earnings and Revenues Top Estimates

Shares of HCI Group (NYSE:HCI) moved higher in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share decreased 87.21% over the past year to $0.11, which missed the estimate of $0.67.

HCI Group: Q2 Earnings Insights

TAMPA, Fla., Aug. 05, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, software development and real estate, reported results for the three and six months ended June 30, 2021.

News for HCI Group Stock (HCI)