Hci Group Stock Price, News & Analysis

HCI Group, Inc. (NYSE: HCI) is a Florida-based holding company operating in the direct property and casualty insurance industry within the broader finance and insurance sector. According to company disclosures, HCI’s structure is built around two distinct operating units. The first unit centers on insurance and related activities, while the second unit, Exzeo Group, focuses on insurance technology that uses advanced underwriting algorithms and data analytics.

The first operating unit includes four insurance companies described by HCI as top-performing, a captive reinsurance company, and operations in claims management and real estate. Through these entities, HCI participates in the property and casualty insurance business. Earlier descriptions note that HCI has been engaged in homeowners’ property and casualty insurance products and allied lines business, including through Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company. HCI also sponsors reciprocal insurance structures such as Condo Owners Reciprocal Exchange (CORE) and Tailrow Reciprocal Exchange, which appear in the company’s reported gross written and gross premiums earned metrics.

HCI’s insurance operations are supported by a captive reinsurance subsidiary, Claddaugh Casualty Insurance Company Ltd., which selectively participates in the company’s catastrophe reinsurance programs. In a company announcement regarding its 2025–2026 catastrophe reinsurance programs, HCI stated that it secured three reinsurance towers covering policies written by Homeowners Choice, TypTap, Tailrow and CORE. The company indicated that all participating reinsurers in these programs are AM Best rated ‘A-’ (Excellent) or better or have fully collateralized their obligations.

Within its insurance segment, HCI reports measures such as gross written premiums, gross premiums earned, net premiums earned, and loss ratios. Public financial releases show contributions from Homeowners Choice, TypTap, CORE and Tailrow to gross premiums earned and written, as well as the impact of premiums ceded for reinsurance. HCI also reports losses and loss adjustment expenses, policy acquisition and other underwriting expenses, and general and administrative personnel expenses, reflecting the cost structure of its insurance operations. The company’s disclosures attribute changes in loss ratios and expenses to factors such as claims and litigation frequency and the volume of policies in force.

HCI’s second operating unit is Exzeo Group, Inc., which the company describes as an insurance technology business that utilizes advanced underwriting algorithms and data analytics. HCI states that Exzeo is intended to empower property and casualty insurers to transform underwriting outcomes and achieve strong results. Exzeo has been a majority-owned subsidiary of HCI and has pursued an initial public offering of its common stock. Company announcements and related SEC filings describe Exzeo’s registration statement on Form S-1, its proposed listing on the New York Stock Exchange under the ticker symbol “XZO,” and the expectation that HCI would retain majority ownership following the IPO.

HCI’s public communications indicate that Exzeo is being positioned as an independent, publicly traded entity. In multiple earnings releases, HCI’s management highlighted initiatives to unlock shareholder value by establishing Exzeo as a standalone company. Subsequent disclosures note that Exzeo’s common shares trade on the New York Stock Exchange under the ticker symbol “XZO.” HCI has also reported preliminary revenue and net income ranges for Exzeo in connection with Exzeo’s registration statement, underlining the financial significance of this technology-focused subsidiary.

As a holding company, HCI also reports on real estate operations alongside its insurance and technology activities. Real estate investments appear among the company’s assets in its consolidated balance sheets, and the company identifies a president of its real estate division in compensation-related SEC filings. HCI’s consolidated financial statements show a mix of fixed-maturity securities, equity securities, limited partnership investments, cash and cash equivalents, real estate investments and other assets, reflecting the investment and operating base that supports its insurance and technology businesses.

HCI’s common shares trade on the New York Stock Exchange under the ticker symbol “HCI,” and the company states that its shares are included in the Russell 2000 and S&P SmallCap 600 Index. HCI regularly issues earnings releases and files current reports on Form 8-K to provide updates on financial results, catastrophe reinsurance arrangements, executive and director compensation, and developments related to Exzeo’s public offering. These disclosures offer insight into HCI’s operating performance, capital structure, and governance practices.

According to its SEC filings, HCI is incorporated in Florida and reports under Commission File Number 001-34126. The company’s filings and press releases describe ongoing activities such as quarterly earnings conference calls, dividend declarations, and the completion of catastrophe reinsurance programs for specified treaty years. Through these communications, HCI provides investors and other stakeholders with information about its insurance operations, technology initiatives through Exzeo, and the financial and strategic decisions overseen by its board and management.

Business Segments and Operations

HCI has identified multiple operating segments in prior descriptions, including insurance operations, the TypTap Group, reciprocal exchange operations, real estate operations, and corporate and other. Insurance operations and related activities are central to the group, with gross written premiums and gross premiums earned reported for Homeowners Choice, TypTap, CORE and Tailrow. The company’s catastrophe reinsurance programs are structured around these entities, with separate reinsurance towers covering policies written in Florida and outside Florida.

The TypTap entity appears both as an insurance company and as a previously referenced group within HCI’s segment reporting. TypTap Insurance Company is identified as an HCI subsidiary whose policies are covered under one of the company’s reinsurance towers. CORE and Tailrow are described as reciprocal insurance companies sponsored by HCI, with CORE focused on condo owners and Tailrow identified as a reciprocal insurance company whose policies are included in HCI’s reinsurance arrangements.

HCI’s real estate operations are referenced alongside its insurance companies and captive reinsurance company as part of the first operating unit. Real estate investments are reported as a separate line item in the company’s consolidated balance sheets. The presence of a designated president for the real estate division in compensation disclosures underscores that real estate is an identified area of responsibility within HCI’s organizational structure.

Exzeo Group and Insurance Technology

Exzeo Group, Inc. is described by HCI as a provider of insurance technology that uses advanced underwriting algorithms and data analytics. According to company press releases, Exzeo’s technology is intended to empower property and casualty insurers to transform underwriting outcomes. Exzeo has been majority owned by HCI, and HCI has pursued a public listing of Exzeo’s common stock on the New York Stock Exchange under the ticker symbol “XZO.”

HCI’s disclosures around Exzeo include information about its proposed initial public offering, the filing and amendment of a registration statement on Form S-1, and preliminary estimates of Exzeo’s revenue and net income after tax for certain periods. HCI has also reported that Exzeo’s compensation committee entered into an executive employment agreement with Exzeo’s chief executive officer and awarded a cash bonus, illustrating the governance and compensation framework at the subsidiary level.

Capital Markets Profile

HCI states that its common shares trade on the New York Stock Exchange under the ticker symbol “HCI.” The company also notes that its shares are included in the Russell 2000 and S&P SmallCap 600 Index. HCI regularly declares quarterly cash dividends, as evidenced by announcements of a regular quarterly dividend of 40 cents per common share, scheduled for payment to shareholders of record on specified dates.

The company communicates with investors through earnings releases, conference calls and webcasts, and SEC filings such as Forms 8-K. These communications provide details on pre-tax income, net income, diluted earnings per share, gross premiums earned, loss ratios, and book value per share, among other metrics. HCI’s filings also describe its use of convertible senior notes, revolving credit facilities, and other forms of debt, as well as changes in long-term debt levels and equity components such as additional paid-in capital and retained earnings.

Risk Management and Reinsurance

HCI’s property and casualty insurance business involves exposure to catastrophe risk, particularly in connection with homeowners’ policies. The company’s announcement regarding its 2025–2026 catastrophe reinsurance programs describes three reinsurance towers that provide excess of loss aggregate limits and reinstatement premium protection. These programs involve HCI subsidiaries and sponsored reciprocal exchanges, with Claddaugh Casualty Insurance Company Ltd. participating selectively across all three towers.

The company states that it secured over $3.5 billion in excess of loss aggregate limit across the three reinsurance towers for the 2025–2026 treaty year. It also discloses statutory retentions for first and second events for the different towers and provides an estimate of net consolidated reinsurance premiums ceded to third parties for the treaty year, excluding Claddaugh. HCI indicates that all participating reinsurers are rated ‘A-’ (Excellent) or better by AM Best or have fully collateralized their obligations.

Regulatory and Reporting Framework

HCI Group, Inc. reports under the Securities Exchange Act of 1934 and files current reports on Form 8-K to disclose material events. These filings cover topics such as earnings releases, executive and director compensation arrangements, catastrophe reinsurance program details, and developments related to Exzeo’s registration statement and preliminary financial results. The company also files exhibits such as employment agreements and earnings releases as part of these reports.

Through its SEC filings and press releases, HCI provides information on its corporate governance, including compensation plans for executives and non-employee directors. For example, the company has disclosed cash bonuses and new annual salaries for certain executives, as well as restricted stock awards and annual compensation for non-employee directors. These disclosures illustrate how HCI aligns compensation with strategic initiatives and performance.

Frequently Asked Questions (FAQ)

• What does HCI Group, Inc. do?
  HCI Group, Inc. is a holding company engaged in property and casualty insurance and related activities. Its first operating unit includes four insurance companies described as top-performing, a captive reinsurance company, and operations in claims management and real estate. Its second operating unit, Exzeo Group, focuses on insurance technology using advanced underwriting algorithms and data analytics.
• In which sector and industry does HCI operate?
  HCI operates in the finance and insurance sector and is classified in the direct property and casualty insurance carriers industry. Company disclosures emphasize its role in property and casualty insurance and related reinsurance, claims management and real estate operations.
• Where are HCI’s shares listed?
  HCI’s common shares trade on the New York Stock Exchange under the ticker symbol “HCI.” The company states that its shares are included in the Russell 2000 and S&P SmallCap 600 Index.
• What are HCI’s main operating units?
  HCI identifies two distinct operating units. The first includes four insurance companies, a captive reinsurance company, and operations in claims management and real estate. The second is Exzeo Group, Inc., which provides insurance technology based on underwriting algorithms and data analytics.
• What is Exzeo Group, Inc.?
  Exzeo Group, Inc. is a majority-owned subsidiary of HCI that focuses on insurance technology. HCI describes Exzeo as utilizing advanced underwriting algorithms and data analytics to help property and casualty insurers transform underwriting outcomes. Exzeo has pursued an initial public offering and its common shares trade on the New York Stock Exchange under the ticker symbol “XZO.”
• How does HCI use reinsurance?
  HCI uses catastrophe reinsurance programs structured into three towers that cover policies written by its subsidiaries and sponsored reciprocal exchanges. The company has disclosed that it secured excess of loss aggregate limits and reinstatement premium protection for a specified treaty year and that its captive reinsurance subsidiary, Claddaugh Casualty Insurance Company Ltd., selectively participates across all three towers.
• What types of entities are CORE and Tailrow?
  Condo Owners Reciprocal Exchange (CORE) and Tailrow Reciprocal Exchange are reciprocal insurance companies sponsored by HCI. They appear in HCI’s reported gross written premiums and gross premiums earned and are included in the company’s catastrophe reinsurance program structures.
• Does HCI pay dividends?
  HCI has announced regular quarterly cash dividends on its common shares. For example, the company’s board of directors declared quarterly cash dividends of 40 cents per common share, scheduled for payment on specified dates to shareholders of record.
• How does HCI communicate financial results?
  HCI releases quarterly earnings through press releases and holds conference calls to discuss results. It also files current reports on Form 8-K that include or reference earnings releases and provides webcast and dial-in information for investors.
• Is HCI pursuing any major corporate initiatives?
  HCI has reported initiatives related to Exzeo Group, Inc., including preparing Exzeo to operate as an independent, publicly traded company and pursuing an initial public offering of Exzeo’s common stock. The company has also discussed a potential tax-free spin-off of Exzeo to existing HCI shareholders, subject to customary conditions.