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. (HCI) delivers innovative property insurance solutions, reinsurance strategies, and technology-driven services across residential and commercial markets. This news hub provides investors and industry stakeholders with timely updates on corporate developments, financial performance, and operational milestones.
Access authoritative reports on earnings announcements, regulatory filings, leadership updates, and strategic initiatives. Our curated collection includes press releases covering product launches, reinsurance program adjustments, real estate transactions, and technology innovations from HCI subsidiaries.
Key updates span quarterly financial results, catastrophe loss disclosures, underwriting platform enhancements, and market expansion efforts. The repository also features material events impacting HCI's diversified operations across insurance, reinsurance, and property management sectors.
Bookmark this page for streamlined access to HCI's official communications. Combine these primary sources with third-party analysis to inform your understanding of the company's risk management approaches and growth strategies in evolving insurance markets.
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.
HCI Group, Inc. (NYSE:HCI), an InsurTech company, has announced a quarterly cash dividend of 40 cents per share for Q2 2021. This dividend will be paid on June 18, 2021, to shareholders of record by May 21, 2021. HCI Group operates in insurance and real estate sectors, with TypTap Insurance Company as a key subsidiary providing homeowners' and flood insurance in Florida. The company is part of the Russell 2000 and S&P SmallCap 600 Index.
TypTap Insurance Group, a technology-driven insurance company and subsidiary of HCI Group, has received regulatory approval to offer homeowners insurance in Connecticut. This approval is part of TypTap’s nationwide expansion strategy, following its prior authorizations in 12 states outside Florida. Founded in 2016, TypTap utilizes advanced technology and data analytics to simplify insurance processes, enhancing efficiency and profitability.
HCI Group, Inc. (NYSE:HCI), an InsurTech firm, will hold a conference call on May 6, 2021, at 4:45 p.m. ET to discuss its Q1 2021 financial results, which will be released later that day. Interested parties can join via phone or online webcast. HCI operates in insurance, software development, and real estate, with its subsidiaries including TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company. HCI's common shares are listed on the NYSE and included in the Russell 2000 and S&P SmallCap 600 Index.
HCI Group, Inc. (NYSE:HCI) reported a Q4 2020 net income of $2.7 million ($0.35 EPS), down from $6.4 million ($0.82 EPS) in Q4 2019. Adjusted net income fell to $1.8 million ($0.22 EPS) from $5.9 million ($0.76 EPS). Gross written premiums surged by 109.2% to $139.3 million, chiefly due to Homeowners Choice and TypTap Insurance. However, losses increased to $40.4 million from $28.9 million in 2019, influenced by Tropical Storm Eta. The full year's net income rose to $27.6 million ($3.49 EPS) from $26.6 million ($3.31 EPS) in 2019.
HCI Group, Inc. (NYSE: HCI) will conduct its Annual Meeting of Shareholders on June 3, 2021, at 3 PM Eastern time in Tampa, Florida. Shareholders of record as of April 13, 2021, are eligible to vote and attend the meeting.
HCI Group operates within InsurTech, focusing on insurance, software development, and real estate. Their main insurance subsidiary, TypTap Insurance Company, is rapidly expanding nationwide, while Homeowners Choice Property & Casualty Insurance Company primarily serves the Florida market. The company is also part of the Russell 2000 and S&P SmallCap 600 Index.
HCI Group, through its subsidiary TypTap Insurance Group, has secured a $100 million investment from Centerbridge Partners, equating to about 11.75% of TypTap and valuing it at $850 million.
TypTap aims to expand its technology-driven insurance services across the U.S., having achieved regulatory approval in ten new states. The investment grants Centerbridge preferred shares and a four-year warrant for 750,000 HCI shares at $54.40 each. A conference call to discuss the transaction is scheduled for March 1, 2021.
HCI Group, Inc. (NYSE:HCI), an InsurTech company, announced a conference call scheduled for March 11, 2021, at 4:45 p.m. ET, to discuss its fourth quarter and full year results for 2020. The financial results will be released after market close on the same day. Interested listeners can join via a toll-free number or through a webcast on HCI's website. HCI operates in insurance, software development, and real estate, with its primary insurance operation, TypTap Insurance, focusing on homeowners and flood insurance offerings.
TAMPA, Fla., Feb. 11, 2021 - TypTap Insurance Company, owned by HCI Group, Inc. (NYSE: HCI), has received regulatory approval to offer homeowners insurance in New Mexico. This marks a key milestone in TypTap's expansion strategy, as it aims to broaden its footprint across the U.S. The company has now obtained approvals in ten states outside of Florida, supporting its growth as a technology-driven insurer. HCI Group operates across insurance, software development, and real estate, with TypTap primarily focused on homeowners and flood insurance.
TypTap Insurance Company, a subsidiary of HCI Group, has gained regulatory approval to write homeowners insurance in West Virginia. This marks a significant step in TypTap's nationwide expansion strategy introduced in August 2020. With this approval, TypTap is now operational in nine states beyond Florida, enhancing its market reach and growth potential.
The HCI Group, trading under the ticker symbol HCI, is an InsurTech company involved in insurance, software development, and real estate.
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