HCI Group Reports Second Quarter 2025 Results
HCI Group (NYSE:HCI) reported strong financial results for Q2 2025, with pre-tax income of $94.4 million and diluted EPS of $5.18, up from $4.24 in Q2 2024. The company achieved consolidated gross premiums earned of $302.6 million, a 14.8% increase year-over-year.
Notable improvements include a reduced gross loss ratio of 21.3% compared to 29.7% in Q2 2024, and decreased losses and loss adjustment expenses of $64.5 million despite premium growth. The company's book value per share increased to $58.55. Management highlighted plans to establish Exzeo as an independent, publicly traded entity to unlock shareholder value.
HCI Group (NYSE:HCI) ha riportato risultati finanziari solidi per il secondo trimestre del 2025, con un reddito ante imposte di 94,4 milioni di dollari e un utile diluito per azione di 5,18 dollari, in aumento rispetto ai 4,24 dollari del secondo trimestre 2024. La società ha raggiunto un premio lordo consolidato di 302,6 milioni di dollari, con un incremento del 14,8% rispetto all'anno precedente.
Tra i miglioramenti significativi si segnala una riduzione del rapporto sinistri lordo al 21,3% rispetto al 29,7% dello stesso periodo del 2024, e una diminuzione delle perdite e delle spese per la regolazione dei sinistri a 64,5 milioni di dollari nonostante la crescita dei premi. Il valore contabile per azione è salito a 58,55 dollari. La direzione ha sottolineato l'intenzione di trasformare Exzeo in un'entità indipendente e quotata in borsa per valorizzare gli azionisti.
HCI Group (NYSE:HCI) reportó sólidos resultados financieros para el segundo trimestre de 2025, con un ingreso antes de impuestos de 94,4 millones de dólares y un EPS diluido de 5,18 dólares, frente a 4,24 dólares en el segundo trimestre de 2024. La compañía logró primas brutas consolidadas devengadas de 302,6 millones de dólares, un aumento interanual del 14,8%.
Entre las mejoras destacadas se incluye una reducción en la tasa bruta de pérdidas al 21,3% en comparación con el 29,7% del segundo trimestre de 2024, y una disminución en las pérdidas y gastos de ajuste de pérdidas a 64,5 millones de dólares a pesar del crecimiento en las primas. El valor contable por acción aumentó a 58,55 dólares. La dirección destacó los planes para establecer Exzeo como una entidad independiente que cotice en bolsa para liberar valor para los accionistas.
HCI 그룹 (NYSE:HCI)은 2025년 2분기에 강력한 재무 실적을 보고했으며, 세전 소득 9440만 달러와 희석 주당순이익 5.18달러를 기록해 2024년 2분기 4.24달러에서 증가했습니다. 회사는 통합 총 보험료 수입 3억 260만 달러를 달성했으며, 전년 대비 14.8% 상승했습니다.
주목할 만한 개선 사항으로는 2024년 2분기 29.7% 대비 총 손실률이 21.3%로 감소했고, 보험료 증가에도 불구하고 손실 및 손실 조정 비용이 6450만 달러로 줄어든 점이 있습니다. 회사의 주당 장부 가치는 58.55달러로 증가했습니다. 경영진은 주주 가치를 극대화하기 위해 Exzeo를 독립적이고 상장된 회사로 설립할 계획을 강조했습니다.
HCI Group (NYSE:HCI) a annoncé de solides résultats financiers pour le deuxième trimestre 2025, avec un revenu avant impôts de 94,4 millions de dollars et un bénéfice dilué par action de 5,18 dollars, en hausse par rapport à 4,24 dollars au deuxième trimestre 2024. La société a réalisé un total des primes brutes consolidées de 302,6 millions de dollars, soit une augmentation de 14,8 % d'une année sur l'autre.
Les améliorations notables incluent un taux brut de sinistres réduit à 21,3 % contre 29,7 % au deuxième trimestre 2024, ainsi qu'une diminution des pertes et des frais de règlement des sinistres à 64,5 millions de dollars malgré la croissance des primes. La valeur comptable par action a augmenté pour atteindre 58,55 dollars. La direction a souligné ses projets d’établir Exzeo en tant qu’entité indépendante cotée en bourse afin de libérer de la valeur pour les actionnaires.
HCI Group (NYSE:HCI) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem Vorsteuerergebnis von 94,4 Millionen US-Dollar und einem verwässerten Ergebnis je Aktie von 5,18 US-Dollar, gegenüber 4,24 US-Dollar im zweiten Quartal 2024. Das Unternehmen erzielte konsolidierte Bruttobeiträge in Höhe von 302,6 Millionen US-Dollar, was einem Anstieg von 14,8 % gegenüber dem Vorjahr entspricht.
Bemerkenswerte Verbesserungen umfassen eine reduzierte Bruttoschadenquote von 21,3 % im Vergleich zu 29,7 % im zweiten Quartal 2024 sowie gesunkene Verluste und Schadenregulierungsaufwendungen von 64,5 Millionen US-Dollar trotz Prämienwachstum. Der Buchwert je Aktie stieg auf 58,55 US-Dollar. Das Management hob Pläne hervor, Exzeo als eigenständiges, börsennotiertes Unternehmen zu etablieren, um den Aktionärswert zu steigern.
- Diluted EPS increased 22.2% to $5.18 from $4.24 year-over-year
- Gross premiums earned grew 14.8% to $302.6 million
- Gross loss ratio improved significantly to 21.3% from 29.7%
- Losses and loss adjustment expenses decreased to $64.5 million from $78.3 million
- Book value per share growth demonstrates strong financial position
- Policy acquisition and underwriting expenses increased 30.2% to $30.6 million
- General and administrative personnel expenses rose 14.3% to $20.0 million
- Other operating expenses increased due to $1.1 million debt conversion charge
Insights
HCI delivered exceptional Q2 results with 22% EPS growth, declining loss ratio, and strong premium growth despite insurance industry challenges.
HCI Group's Q2 2025 results demonstrate remarkable financial strength in a challenging insurance market. The company posted
The standout metric is HCI's gross loss ratio of
The company's book value per share increased to
The planned spinoff of Exzeo as an independent public entity represents a strategic move to unlock additional shareholder value by separately valuing the technology component of the business. Expense ratios show moderate pressure with underwriting expenses increasing to
HCI's year-to-date performance mirrors the quarterly strength with diluted EPS reaching
Second Quarter Pre-Tax Income of
Book Value Per Share Increased to
Gross Loss Ratio of
TAMPA, Fla., Aug. 07, 2025 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), reported pre-tax income of
Management Commentary
“HCI Group delivered another strong quarter, marked by solid profitability, industry-leading net combined ratios, and meaningful growth in book value per share,” said HCI Group Chairman and Chief Executive Officer Paresh Patel. “We continue to make progress on initiatives to unlock shareholder value and establish Exzeo as an independent, publicly traded entity.”
Second Quarter 2025 Commentary
Consolidated gross premiums earned in the second quarter of 2025 increased by
Premiums ceded for reinsurance in the second quarter of 2025 were
Losses and loss adjustment expenses in the second quarter of 2025 were
Policy acquisition and other underwriting expenses in the second quarter of 2025 were
General and administrative personnel expenses in the second quarter of 2025 increased to
Other operating expenses in the second quarter of 2025 increased to
Year-to-Date 2025 Results
For the six months ended June 30, 2025, the Company reported pre-tax income of
Consolidated gross premiums earned for the six months of 2025 increased to
Premiums ceded for reinsurance for the six months of 2025 were
Losses and loss adjustment expenses for the six months of 2025 were
Policy acquisition and other underwriting expenses for the six months of 2025 were
General and administrative personnel expenses for the six months of 2025 increased to
Other operating expenses for the six months of 2025 decreased to
Conference Call
HCI Group will hold a conference call later today, August 7, 2025, to discuss these financial results. Chairman and Chief Executive Officer Paresh Patel, Chief Operating Officer Karin Coleman and Chief Financial Officer Mark Harmsworth will host the call starting at 4:45 p.m. Eastern time.
Interested parties can listen to the live presentation by dialing the listen-only number below or by clicking the webcast link available on the Investor Information section of the company's website at www.hcigroup.com.
Listen-only toll-free number: (888) 506-0062
Listen-only international number: (973) 528-0011
Entry Code: 521671
Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at (949) 574-3860.
A replay of the call will be available by telephone after 8:00 p.m. Eastern time on the same day as the call and via the Investor Information section of the HCI Group website at www.hcigroup.com through August 7, 2026.
Toll-free replay number: (877) 481-4010
International replay number: (919) 882-2331
Replay ID: 52723
About HCI Group, Inc.
HCI Group, Inc. is a holding company with two distinct operating units. The first unit includes four top-performing insurance companies, a captive reinsurance company, and operations in claims management and real estate. The second unit, called Exzeo Group, is a leading innovator of insurance technology that utilizes advanced underwriting algorithms and data analytics. Exzeo empowers property and casualty insurers to transform underwriting outcomes and achieve industry-leading results.
The company's common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com.
Forward-Looking Statements
This news release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "estimate," "expect," "intend," "plan," "confident," "prospects" and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions, but rather are subject to various risks and uncertainties. For example, the estimation of reserves for losses and loss adjustment expenses is an inherently imprecise process involving many assumptions and considerable management judgment. Some of these risks and uncertainties are identified in the company's filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the company's business, financial condition and results of operations. HCI Group, Inc. disclaims all obligations to update any forward-looking statements.
Company Contact:
Bill Broomall, CFA
Investor Relations
HCI Group, Inc.
Tel (813) 776-1012
wbroomall@exzeo.com
Investor Relations Contact:
Matt Glover
Gateway Group, Inc.
Tel (949) 574-3860
HCI@gateway-grp.com
- Tables to follow -
| HCI GROUP, INC. AND SUBSIDIARIES Selected Financial Metrics (Unaudited) (In thousands, except share and per share amounts) | |||||||||
| Q2 2025 | Q2 2024 | ||||||||
| Gross Written Premiums: | |||||||||
| Homeowners Choice | $ | 227,090 | $ | 191,775 | |||||
| TypTap Insurance Company | 110,412 | 79,093 | |||||||
| Condo Owners Reciprocal Exchange | 13,830 | 36,034 | |||||||
| Tailrow Reciprocal Exchange | 5,213 | - | |||||||
| Total Gross Written Premiums | 356,545 | 306,902 | |||||||
| Gross Premiums Earned: | |||||||||
| Homeowners Choice | 156,552 | 143,703 | |||||||
| TypTap Insurance Company | 124,437 | 107,055 | |||||||
| Condo Owners Reciprocal Exchange | 12,811 | 12,803 | |||||||
| Tailrow Reciprocal Exchange | 8,828 | - | |||||||
| Total Gross Premiums Earned | 302,628 | 263,561 | |||||||
| Gross Premiums Earned Loss Ratio | 21.3 | % | 29.7 | % | |||||
| Per Share Metrics | |||||||||
| Diluted EPS | $ | 5.18 | $ | 4.24 | |||||
| Dividends per share | $ | 0.40 | $ | 0.40 | |||||
| Book value per share at the end of period | $ | 58.55 | $ | 42.72 | |||||
| Shares outstanding at the end of period | 12,956,884 | 10,472,741 | |||||||
| HCI GROUP, INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands, except share amounts) | ||||||||
| June 30, 2025 | December 31, 2024 | |||||||
| (Unaudited) | ||||||||
| Assets | ||||||||
| Fixed-maturity securities, available for sale, at fair value (amortized cost: | $ | 592,210 | $ | 718,537 | ||||
| Equity securities, at fair value (cost: | 58,618 | 56,200 | ||||||
| Limited partnership investments | 19,770 | 20,802 | ||||||
| Real estate investments | 85,578 | 79,120 | ||||||
| Total investments | 756,176 | 874,659 | ||||||
| Cash and cash equivalents | 947,166 | 532,471 | ||||||
| Restricted cash | 3,730 | 3,714 | ||||||
| Accrued interest and dividends receivable | 6,308 | 6,008 | ||||||
| Income taxes receivable | 3,130 | 463 | ||||||
| Deferred income tax assets, net | 361 | 72 | ||||||
| Premiums receivable, net (allowance: | 65,826 | 50,582 | ||||||
| Prepaid reinsurance premiums | — | 92,060 | ||||||
| Reinsurance recoverable, net of allowance for credit losses: | ||||||||
| Paid losses and loss adjustment expenses (allowance: | 62,727 | 36,062 | ||||||
| Unpaid losses and loss adjustment expenses (allowance: | 375,198 | 522,379 | ||||||
| Deferred policy acquisition costs | 65,138 | 54,303 | ||||||
| Property and equipment, net | 29,695 | 29,544 | ||||||
| Right-of-use-assets - operating leases | 1,065 | 1,182 | ||||||
| Intangible assets, net | 3,927 | 5,206 | ||||||
| Funds withheld for assumed business | 8,538 | 11,690 | ||||||
| Other assets | 24,121 | 9,818 | ||||||
| Total assets | $ | 2,353,106 | $ | 2,230,213 | ||||
| Liabilities, Redeemable Noncontrolling Interests and Equity | ||||||||
| Losses and loss adjustment expenses | $ | 696,892 | $ | 845,900 | ||||
| Unearned premiums | 627,484 | 584,703 | ||||||
| Advance premiums | 43,677 | 18,867 | ||||||
| Reinsurance payable on paid losses and loss adjustment expenses | 127 | 2,496 | ||||||
| Ceded reinsurance premiums payable | 38,121 | 18,313 | ||||||
| Assumed premiums payable | 375 | 2,176 | ||||||
| Accrued expenses | 42,033 | 17,677 | ||||||
| Income taxes payable | 24,294 | 5,451 | ||||||
| Deferred income tax liabilities, net | 2,402 | 2,830 | ||||||
| Revolving credit facility | 40,000 | 44,000 | ||||||
| Long-term debt | 15,602 | 185,254 | ||||||
| Lease liabilities - operating leases | 1,072 | 1,185 | ||||||
| Other liabilities | 33,938 | 32,320 | ||||||
| Total liabilities | 1,566,017 | 1,761,172 | ||||||
| Commitments and contingencies | ||||||||
| Redeemable noncontrolling interests | 2,405 | 1,691 | ||||||
| Equity: | ||||||||
| Common stock, (no par value, 40,000,000 shares authorized, 12,956,884 and 10,767,184 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively) | — | — | ||||||
| Additional paid-in capital | 298,706 | 122,289 | ||||||
| Retained earnings | 458,713 | 331,793 | ||||||
| Accumulated other comprehensive income (loss) | 1,158 | (749 | ) | |||||
| Total stockholders' equity | 758,577 | 453,333 | ||||||
| Noncontrolling interests | 26,107 | 14,017 | ||||||
| Total equity | 784,684 | 467,350 | ||||||
| Total liabilities, redeemable noncontrolling interest and equity | $ | 2,353,106 | $ | 2,230,213 | ||||
| HCI GROUP, INC. AND SUBSIDIARIES Consolidated Statements of Income (Unaudited) (In thousands, except per share data) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Revenue | ||||||||||||||||
| Gross premiums earned | $ | 302,628 | $ | 263,561 | $ | 603,011 | $ | 520,205 | ||||||||
| Premiums ceded | (102,522 | ) | (76,713 | ) | (202,157 | ) | (144,819 | ) | ||||||||
| Net premiums earned | 200,106 | 186,848 | 400,854 | 375,386 | ||||||||||||
| Net investment income | 16,445 | 16,881 | 30,196 | 30,948 | ||||||||||||
| Net realized investment gains | 155 | 212 | 1,322 | 212 | ||||||||||||
| Net unrealized investment gains (losses) | 1,180 | 533 | (726 | ) | 3,168 | |||||||||||
| Policy fee income | 1,467 | 1,089 | 3,696 | 2,108 | ||||||||||||
| Other | 2,567 | 682 | 3,011 | 1,037 | ||||||||||||
| Total revenue | 221,920 | 206,245 | 438,353 | 412,859 | ||||||||||||
| Expenses | ||||||||||||||||
| Losses and loss adjustment expenses | 64,457 | 78,324 | 123,748 | 158,246 | ||||||||||||
| Policy acquisition and other underwriting expenses | 30,551 | 23,452 | 57,838 | 45,591 | ||||||||||||
| General and administrative personnel expenses | 19,985 | 17,471 | 40,468 | 33,745 | ||||||||||||
| Interest expense | 3,744 | 3,452 | 7,128 | 6,601 | ||||||||||||
| Other operating expenses | 8,791 | 7,520 | 14,440 | 15,220 | ||||||||||||
| Total expenses | 127,528 | 130,219 | 243,622 | 259,403 | ||||||||||||
| Income before income taxes | 94,392 | 76,026 | 194,731 | 153,456 | ||||||||||||
| Income tax expense | 24,113 | 18,927 | 50,222 | 39,401 | ||||||||||||
| Net income | $ | 70,279 | $ | 57,099 | $ | 144,509 | $ | 114,055 | ||||||||
| Net income attributable to redeemable noncontrolling interests | — | — | — | (10,149 | ) | |||||||||||
| Net income attributable to noncontrolling interests | (4,119 | ) | (3,023 | ) | (8,665 | ) | (2,219 | ) | ||||||||
| Net income after noncontrolling interests | $ | 66,160 | $ | 54,076 | $ | 135,844 | $ | 101,687 | ||||||||
| Basic earnings per share | $ | 5.57 | $ | 5.18 | $ | 12.00 | $ | 9.95 | ||||||||
| Diluted earnings per share | $ | 5.18 | $ | 4.24 | $ | 10.57 | $ | 8.04 | ||||||||
| Dividends per share | $ | 0.40 | $ | 0.40 | $ | 0.80 | $ | 0.80 | ||||||||
| HCI GROUP, INC. AND SUBSIDIARIES (Unaudited) (In thousands, except per share amount) | ||||||||||||||||||||||||
| A summary of the numerator and denominator of basic and diluted earnings per common share is presented below. | ||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||
| June 30, 2025 | June 30, 2025 | |||||||||||||||||||||||
| Income | Shares | Per Share | Income | Shares | Per Share | |||||||||||||||||||
| (Numerator) | (Denominator) | Amount | (Numerator) | (Denominator) | Amount | |||||||||||||||||||
| Net income | $ | 70,279 | $ | 144,509 | ||||||||||||||||||||
| Less: Net income attributable to noncontrolling interests | (4,119 | ) | (8,665 | ) | ||||||||||||||||||||
| Net income attributable to HCI | 66,160 | 135,844 | ||||||||||||||||||||||
| Less: Income attributable to participating securities | (2,616 | ) | (5,691 | ) | ||||||||||||||||||||
| Basic Earnings Per Share: | ||||||||||||||||||||||||
| Income attributable to common stockholders | 63,544 | 11,400 | $ | 5.57 | 130,153 | 10,846 | $ | 12.00 | ||||||||||||||||
| Effect of Dilutive Securities: | ||||||||||||||||||||||||
| Stock options | — | 392 | — | 373 | ||||||||||||||||||||
| Convertible senior notes | 3,170 | 1,084 | 5,500 | 1,611 | ||||||||||||||||||||
| Warrants | — | 7 | — | 7 | ||||||||||||||||||||
| Diluted Earnings Per Share: | ||||||||||||||||||||||||
| Income attributable to common stockholders | $ | 66,714 | 12,883 | $ | 5.18 | $ | 135,653 | 12,837 | $ | 10.57 | ||||||||||||||
FAQ
What was HCI Group's earnings per share (EPS) in Q2 2025?
How much did HCI Group's gross premiums grow in Q2 2025?
What was HCI Group's loss ratio in Q2 2025?
What is HCI Group's book value per share in Q2 2025?
What are HCI Group's plans for Exzeo?
