Welcome to our dedicated page for Hci Group news (Ticker: HCI), a resource for investors and traders seeking the latest updates and insights on Hci Group stock.
HCI Group, Inc. (NYSE: HCI) is a holding company in the direct property and casualty insurance industry with operations in insurance, captive reinsurance, reciprocal exchanges, real estate and insurance technology through its majority-owned subsidiary, Exzeo Group, Inc. This news page aggregates company-issued updates and market coverage related to HCI’s financial performance, strategic initiatives and capital markets activity.
Readers following HCI news can expect regular earnings announcements detailing pre-tax income, net income, diluted earnings per share, gross premiums earned, premiums ceded for reinsurance, loss ratios and book value per share. HCI frequently accompanies these results with commentary from management and schedules conference calls and webcasts, which are announced through press releases and supported by corresponding Form 8-K filings.
News flow for HCI also includes disclosures about its catastrophe reinsurance programs, such as the completion of multi-tower reinsurance arrangements for specific treaty years and the role of its captive reinsurance subsidiary, Claddaugh Casualty Insurance Company Ltd. In addition, the company issues updates on quarterly cash dividend declarations on its common shares and compensation-related decisions for executives and non-employee directors.
A significant portion of recent HCI news relates to Exzeo Group, Inc., the insurance technology unit that uses advanced underwriting algorithms and data analytics. Items include the public filing and amendment of Exzeo’s registration statement on Form S-1, the launch of its initial public offering, preliminary financial estimates, and its listing on the New York Stock Exchange under the ticker symbol “XZO.”
Investors and analysts can use this page to review historical and ongoing developments affecting HCI’s insurance operations, reinsurance strategy, dividend practices and Exzeo-related transactions. Returning to this feed provides a consolidated view of official announcements and regulatory disclosures that shape the narrative around HCI’s stock and its evolving business mix.
HCI Group, Inc. (NYSE:HCI) will hold a conference call on November 9, 2021, at 8:30 a.m. Eastern time to discuss its third-quarter results ending September 30, 2021. A press release with financial results will precede the call. The call can be accessed via toll-free or international numbers with an entry code. HCI Group's operations include homeowners insurance and real estate, with TypTap Insurance Company as its main subsidiary. HCI’s shares are listed in the Russell 2000 and S&P SmallCap 600 Index.
HCI Group, Inc. (NYSE:HCI) has declared a quarterly cash dividend of 40 cents per common share for Q4 2021, payable on December 17, 2021. Shareholders of record by the close of business on November 19, 2021 will receive this dividend. The company operates in homeowners insurance, IT services, real estate, and reinsurance. Notably, its subsidiary TypTap Insurance Company is expanding its footprint in the insurance sector, driven by advanced technology from its software subsidiary, Exzeo USA, Inc.
HCI Group, Inc. (NYSE:HCI) reported a net income of $3.8 million for Q2 2021, a decline from $8.9 million in Q2 2020, translating to $0.24 diluted EPS versus $1.08. Adjusted net income also fell to $2.7 million, down from $6.8 million year-over-year. Consolidated gross written premiums increased 7.6% to $185.0 million, attributed to growth in TypTap and a quota share arrangement with United. Net investment income rose to $2.6 million. Losses and loss adjustment expenses jumped to $55.9 million, up from $39.8 million in Q2 2020. For 6 months, net income was $10.7 million, up from $9.5 million in 2020.
HCI Group, Inc. (NYSE:HCI) announced that its subsidiary, TypTap Insurance Group, has confidentially filed a draft registration statement on Form S-1 with the SEC for a proposed initial public offering (IPO) of TypTap's common stock. The size and pricing of the offering remain undetermined, and the IPO is contingent on the SEC review process and market conditions. There is no guarantee that the IPO will be completed.
The board of directors of HCI Group has declared a quarterly cash dividend of 40 cents per common share for Q3 2021. The dividend is set to be paid on September 17, 2021 to shareholders on record as of August 20, 2021. HCI operates in homeowners insurance and real estate, with subsidiaries like TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, focusing on technology-driven solutions for homeowners and flood insurance.
HCI Group, Inc. (NYSE:HCI) will host a conference call on August 5, 2021, at 4:45 p.m. Eastern to discuss its second-quarter 2021 financial results, which will be released after market close that day. Interested parties can participate via a dedicated toll-free number or through the company's website. HCI operates in homeowners insurance and real estate, with subsidiaries including TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company. The call will be followed by a Q&A session, and a replay will be available post-call.
HCI Group, Inc. has announced that its 4.25% Convertible Senior Notes Due 2037 will become convertible starting July 1, 2021. This follows the company’s common shares trading above 130% of the Conversion Price for 20 out of the last 30 trading days. Holders can convert their notes until September 30, 2021, with HCI opting for Physical Settlement for conversions received by July 16, translating to about 16.46 shares per $1,000 of Notes. HCI operates in homeowners' insurance, reinsurance, real estate, and IT services, primarily through its subsidiaries.
HCI Group, Inc. (NYSE: HCI) will participate in the BofA Securities 2021 InsurTech Conference on June 30, 2021. The event will feature a fireside chat with Chairman Paresh Patel and TypTap Insurance Company President Kevin Mitchell, moderated by BofA analyst Joshua Shanker at 8:00 a.m. ET. Additionally, management will conduct one-on-one meetings with institutional investors throughout the day. HCI Group operates TypTap Insurance Company, which specializes in homeowners and flood insurance and is expanding its services nationwide.
TypTap Insurance Group, a subsidiary of HCI Group, Inc. (NYSE: HCI), has received regulatory approval to offer homeowners insurance in Massachusetts. This marks a crucial step in TypTap's strategy to expand nationwide, following its approvals in 13 states outside Florida since August 2020. Founded in 2016, TypTap focuses on utilizing technology and data analytics to improve the insurance experience, offering homeowners and flood insurance primarily in Florida. This growth underscores HCI Group's commitment to leveraging technology for enhanced insurance services.
HCI Group, Inc. (NYSE:HCI) reported Q1 2021 financial results showing a net income of $6.1 million ($0.75 EPS), up from $0.5 million ($0.07 EPS) in Q1 2020. Adjusted net income reached $6.4 million ($0.77 EPS), a rise from $4.2 million ($0.54 EPS). Gross written premiums surged 64.4% to $125.8 million, while gross premiums earned increased 41.8% to $130.9 million. However, losses and loss adjustment expenses rose to $45.8 million, reflecting growth in premiums earned. The effective tax rate increased to 32.2% from 16.7% year-over-year.
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