Hci Group Stock Price, News & Analysis

HCI Group, Inc. (NYSE: HCI) announces a conference call on March 9, 2023, at 4:45 p.m. Eastern to discuss its fourth-quarter and annual results for FY 2022. The financial results will be released that same day after market close. Interested parties can join the call via a toll-free number or through the company's investor website. HCI's subsidiaries operate in homeowners insurance, IT services, real estate, and reinsurance, with its main insurance entity, TypTap Insurance Company, expanding nationwide. HCI is also included in the Russell 2000 and S&P SmallCap 600 Index.

HCI Group, Inc. (NYSE: HCI), a diversified holding company, is scheduled to present at the Bank of America Financial Services Conference in New York on February 15, 2023. HCI's Chairman and CEO Paresh Patel will participate in a panel discussion at 12:50 p.m. Eastern Time. Additionally, the management team will hold one-on-one meetings with institutional investors on February 14 and 15.

HCI Group's subsidiary, TypTap Insurance Company, specializes in homeowners insurance and is expanding its operations nationwide, supported by technology developed by its software subsidiary Exzeo USA. The company trades under the symbol "HCI" and is included in the Russell 2000 and S&P SmallCap 600 Index.

The board of directors of HCI Group has declared a quarterly cash dividend of 40 cents per common share, set to be paid on March 17, 2023, to shareholders on record by the close of business on February 17, 2023. HCI Group operates in various sectors, including homeowners insurance, information technology, real estate, and reinsurance. Its key subsidiary, TypTap Insurance Company, focuses on technology-driven homeowners insurance, while Homeowners Choice Property & Casualty primarily serves the Florida market. HCI is traded on the NYSE under the ticker HCI.

HCI Group, Inc. reported a net loss of $51.5 million or $5.66 per share for Q3 2022, a significant increase from a net loss of $4.9 million in Q3 2021. The adjusted net loss was $51.2 million. Gross premiums earned grew by 21% year-over-year, driven by Homeowners Choice and TypTap Insurance. Losses and loss adjustment expenses surged to $139.8 million primarily due to Hurricane Ian. Despite the disaster, the gross loss ratio improved to 41.4%.

Year-to-date, HCI reported a $57.3 million net loss, contrasting a net income of $5.8 million in the same period last year.

The board of directors of HCI Group has declared a quarterly cash dividend of 40 cents per share, payable on December 16, 2022. Shareholders on record as of November 18, 2022 will receive this dividend. HCI Group operates in homeowners insurance, IT services, real estate, and reinsurance, with TypTap Insurance Company as its leading insurance subsidiary. The company is focused on expanding its technology-driven insurance services nationwide. HCI shares trade on the NYSE under the ticker HCI.

HCI Group, Inc. (NYSE:HCI) announced it will hold a conference call on November 8, 2022, at 4:45 p.m. ET to discuss its third-quarter results ending September 30, 2022. Financial results will be released that same day after market close. The company's major operations include homeowners insurance, reinsurance, real estate, and IT services via subsidiaries like TypTap Insurance Company and Exzeo USA, Inc. Investors can participate through a toll-free number or webcast, with a replay available after the call until November 8, 2023.

HCI Group, Inc. (NYSE:HCI) has issued a presentation and video regarding the financial implications of Hurricane Ian on its Q3 results. The company emphasizes its commitment to policyholders, striving to expedite claims processing. HCI secured a robust reinsurance program earlier this year, involving four separate towers for enhanced protection in Florida and expansion states. The company operates in homeowners insurance, IT services, real estate, and reinsurance, with subsidiaries including TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company.

HCI Group reported a net loss of $8.5 million or $1.04 per share for Q2 2022, a turnaround from a net income of $3.8 million in Q2 2021. Gross premiums earned rose by 29.9% to $181.1 million. Rate increases of 10% and 12% at Homeowners Choice and TypTap respectively were implemented to counteract inflation's impact on loss ratios. Year-to-date, losses reached $5.8 million compared to a profit of $10.7 million in the same period last year. Total gross written premiums increased by 16.9% to $363.4 million.

HCI Group, Inc. (NYSE:HCI) has announced a regular quarterly cash dividend of 40 cents per common share. This dividend will be paid on September 16, 2022 to shareholders of record by the close of business on August 19, 2022. HCI operates in homeowners insurance, information technology services, real estate, and reinsurance, with its leading insurance subsidiary TypTap Insurance Company expanding nationwide. The firm is included in both the Russell 2000 and S&P SmallCap 600 Index.