[8-K] HCI Group, Inc. Reports Material Event

Rhea-AI Filing Summary

HCI Group (HCI) furnished an update on preliminary results for its majority-owned subsidiary, Exzeo Group, tied to an amended S-1. Exzeo currently expects unaudited revenue of $53.5 million to $56.8 million for the three months ended September 30, 2025, and $162.0 million to $165.3 million for the nine months ended the same date. Exzeo also expects unaudited net income after tax of $20.1 million to $22.2 million for the quarter and $59.7 million to $61.8 million for the nine-month period.

The figures are preliminary, based on management estimates, and remain subject to completion of financial closing procedures. Exzeo’s independent auditor, Forvis Mazars, LLP, has not audited, reviewed, or performed procedures on these estimates and provides no assurance. The information is being furnished, not filed, under the Exchange Act.

Insights

Equity analyst – insurance & fintech subsidiaries

Preliminary, unaudited Exzeo results furnished; subject to change.

HCI Group reports estimated Exzeo revenue of $53.5M–$56.8M for the quarter ended September 30, 2025, and $162.0M–$165.3M for nine months. Estimated net income after tax is $20.1M–$22.2M for the quarter and $59.7M–$61.8M for nine months. These ranges come from management’s preliminary close.

The disclosure is linked to an amended S-1 for Exzeo and is furnished under Item 2.02, not filed. The auditor, Forvis Mazars, LLP, has not performed procedures, so there is no assurance and results may vary when closing completes.

Key factors are completion of closing procedures and any adjustments reflected in subsequent filings. The magnitude of change, if any, will become clear when final results are reported.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities and Exchange Act of 1934

Date of Report (or Date of Earliest Event Reported): October 16, 2025

HCI Group, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Florida		001-34126		20-5961396
(State or Other Jurisdiction of Incorporation or Organization)		(Commission File Number)		(I.R.S. Employer Identification Number)

3802 Coconut Palm Drive

Tampa, Florida 33619

(Address of Principal Executive Offices)

(813) 405-3600

(Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, no par value	HCI	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On October 16, 2025, our majority-owned subsidiary, Exzeo Group, Inc. (“Exzeo”), filed with the Securities and Exchange Commission an amendment to its registration statement on Form S-1 (the “Exzeo Registration Statement”). The Exzeo Registration Statement included Exzeo’s preliminary estimated revenue and net income after tax for the three and nine months ended September 30, 2025. Based upon preliminary estimated financial results, Exzeo currently expects unaudited revenue will be between $53.5 million to $56.8 million and $162.0 million to $165.3 million for the three and nine months ended September 30, 2025, respectively. Exzeo also currently expects that unaudited net income after tax will be between $20.1 million to $22.2 million and $59.7 million to $61.8 million for the three and nine months ended September 30, 2025, respectively.

The unaudited preliminary financial results for the three and nine months ended September 30, 2025 reflect Exzeo’s preliminary estimates with respect to such results based on currently available information and are subject to completion of its financial closing procedures. Exzeo’s financial closing procedures for the three and nine months ended September 30, 2025 are not yet complete and, as a result, its actual results may vary from the estimated preliminary results presented here.

The preliminary estimates presented herein have been prepared by, and are the responsibility of, management. Forvis Mazars, LLP, Exzeo’s independent registered public accounting firm, has not audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial information. Accordingly, Forvis Mazars, LLP does not express an opinion or any other form of assurance with respect thereto.

The information contained in this Item 2.02 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Forward-Looking Statements

This Current Report on Form 8-K may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. These statements may relate, among other things, to expectations regarding Exzeo’s estimated financial results for the three and nine months ended September 30, 2025. Words such as "anticipate," "estimate," "expect," "intend," "plan," "confident," "prospects" and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions, but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the company's business, financial condition and results of operations. HCI Group, Inc. disclaims all obligations to update any forward-looking statements.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 16, 2025.

HCI GROUP, INC.
By:		/s/ Andrew L. Graham
		Andrew L. Graham General Counsel

FAQ

What did HCI (HCI) disclose about Exzeo's Q3 2025 performance?

Exzeo’s preliminary unaudited revenue is $53.5M–$56.8M and net income after tax is $20.1M–$22.2M for the quarter ended September 30, 2025.

What are Exzeo’s preliminary nine-month 2025 results shared by HCI (HCI)?

For the nine months ended September 30, 2025, Exzeo estimates unaudited revenue of $162.0M–$165.3M and net income after tax of $59.7M–$61.8M.

Are Exzeo’s preliminary figures audited or reviewed?

No. Forvis Mazars, LLP has not audited, reviewed, compiled, or performed procedures on the preliminary information and gives no assurance.

Why is HCI (HCI) sharing Exzeo’s estimates now?

The ranges were included in Exzeo’s amended Form S-1 registration statement and furnished under Item 2.02.

Can Exzeo’s preliminary results change?

Yes. They are management estimates subject to completion of financial closing procedures, so actual results may vary.

Is the information considered filed under the Exchange Act?

No. It is being furnished under Item 2.02 and is not deemed filed or subject to Section 18 liabilities.