Hci Group SEC Filings

HCI Group, Inc. reported solid first-quarter 2026 results, earning net income of $85.0M on total revenue of $242.9M. Net premiums earned rose to $222.2M, supported by gross premiums earned of $326.2M and continued use of reinsurance to manage risk.

Investment income contributed $17.3M, and cash and cash equivalents plus restricted cash totaled $1.02B as of March 31, 2026. Total assets reached $2.61B, with stockholders’ equity of $1.09B. Basic earnings per share were $5.62, and diluted earnings per share were $5.45.

The company repurchased 110,071 shares for $17.5M and paid a quarterly dividend of $0.40 per share. Operating cash flow was strong at $148.8M. HCI also highlighted segment contributions from its insurance operations, technology subsidiary Exzeo, reciprocal exchanges, and real estate portfolio.

HCI Group, Inc. reported stronger results for the first quarter of 2026. Pre-tax income rose to $115.4 million from $100.3 million, while net income increased to $85.0 million from $74.2 million. Net income after noncontrolling interests was $73.4 million versus $69.7 million a year earlier.

Diluted earnings per share were $5.45, up from $5.35, as gross premiums earned grew to $326.2 million from $300.4 million. The gross loss and loss adjustment expense ratio stayed low at 20.1%. HCI also continued returning capital, repurchasing 239,435 shares for $37.5 million under an up to $80 million buyback program, while book value per share reached $84.41 at March 31, 2026.

HCI Group, Inc. presents its 2026 annual meeting proxy, combining strong 2025 results with proposals on directors, auditors and executive pay. Shareholders will vote on electing four directors, ratifying Forvis Mazars, LLP as auditor for 2026, and approving 2025 executive compensation on an advisory basis.

In 2025, net income reached $320 million before noncontrolling interest, with diluted EPS of $22.72, net premiums earned up 21%, and book value per share rising from $42.10 to $80.13. Gross premiums earned were $1.2 billion, the net combined ratio was 56%, and return on equity was 42%, contributing to an average ROE of 18% over the past decade. HCI’s technology subsidiary Exzeo completed an IPO, reaching a market value of $2.0 billion, of which HCI owns 82.5%. CEO total 2025 compensation was $8.24 million, heavily weighted to performance-based bonus, and the company highlights long-term equity incentives, clawback provisions, and share ownership policies.

HCI Group Inc — The Vanguard Group filed an amended Schedule 13G reporting 0 shares beneficially owned and 0% of the class following an internal realignment on January 12, 2026. The filing states certain Vanguard subsidiaries will report ownership separately and that Vanguard no longer is deemed to beneficially own those securities.

The amendment is signed by Ashley Grim, Head of Global Fund Administration, dated March 27, 2026.

HCI Group, Inc. details in its annual report that it is primarily a Florida-focused property and casualty insurer supported by technology, reciprocal exchange management, and real estate operations. The company writes homeowners coverage mainly in Florida and nearby regions, using a captive reinsurer and policy assumptions, including from Citizens, to grow.

HCI operates through five reportable segments: Insurance Operations, Exzeo, Reciprocal Exchange Operations, Real Estate, and Corporate and Other. Majority‑owned subsidiary Exzeo completed an IPO and now provides insurance technology and reinsurance placement services to HCI and third parties while remaining 82.5% owned. HCI also owns marinas, shopping centers, office parks, and undeveloped land in Florida, generating rental income and development opportunities.

The filing emphasizes key risks: heavy geographic concentration in Florida, catastrophe exposure to hurricanes and severe weather, reinsurance availability and collectability, reserve uncertainty, strong competition, regulatory constraints, cybersecurity threats, and dependence on key executives and skilled staff. HCI describes layered cybersecurity controls, third‑party oversight, board‑level sustainability and cybersecurity governance, and human‑capital initiatives including competitive benefits, equity incentives, and diversity and inclusion programs.

HCI Group, Inc. reported sharply stronger results for the fourth quarter and full year 2025, highlighted by much higher profitability and lower loss ratios. Fourth quarter pre-tax income rose to $144 million and net income to $108 million, with diluted EPS climbing to $7.25 from $0.23 a year earlier. Full year 2025 pre-tax income reached $429 million and net income $320 million, up from $173 million and $128 million in 2024, while diluted EPS increased to $22.72 from $8.89. The gross loss ratio improved to 15.6% in the fourth quarter and 19.6% for 2025, reflecting lower catastrophe losses and favorable prior-year development. Gross premiums earned grew to $1,236 million in 2025 as policy volume increased. Management described 2025 as a record year, noted the successful IPO of technology subsidiary Exzeo, and indicated plans for a forthcoming share buyback program. Book value per share rose to $80.13 with stockholders’ equity of $1,041 million and cash and cash equivalents of $1,210 million as of December 31, 2025.

HCI Group, Inc. director and CEO Paresh Patel exercised stock options to acquire additional common shares. On February 23, 2026, he exercised options for 20,000 shares of common stock at an exercise price of $40.00 per share, described as an exercise or conversion of a derivative security.

The options were granted under HCI Group’s 2012 Omnibus Incentive Plan, with footnotes noting grant dates, exercise prices and vesting terms. The filing also describes other direct and indirect holdings, including jointly held shares with his spouse and shares held in an IRA.

Khrom Capital Management LLC filed an amended Schedule 13G reporting its beneficial ownership of HCI Group, Inc. common shares. As of 12/31/2025, Khrom Capital beneficially owned 560,268 common shares, representing 4.32% of HCI's outstanding common stock.

Khrom Capital reports sole voting and sole dispositive power over all 560,268 shares, with no shared voting or dispositive power. The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of HCI Group, Inc. The report is signed by COO Eduard Skutelsky on 02/17/2026.