HCI Group, Inc. filings document formal disclosures for a Florida-based holding company with property and casualty insurance, reinsurance, real estate, claims services and insurance technology operations. Its Form 8-K reports include earnings releases, operating-result exhibits, preliminary subsidiary financial information, material agreements and executive compensation actions.
Proxy materials describe board elections, auditor ratification, advisory executive-compensation votes and shareholder meeting procedures. Other filings address HCI's common-share governance, subsidiary matters involving Exzeo Group, compensatory equity awards, exhibits and XBRL cover-page data associated with its periodic market updates.
HCI Group, Inc. reports that its majority-owned subsidiary, Exzeo Group, Inc., has entered into an executive employment agreement with CEO Paresh Patel, effective January 1, 2026. The agreement sets an annual base salary of $950,000, with potential increases determined by Exzeo’s board, and provides severance equal to 12 months of base salary if his employment ends under specified conditions, including certain terminations following a Change of Control. It also contains confidentiality, non-solicitation and a two-year non-compete restriction in the U.S.
Separately, Exzeo awarded Mr. Patel a cash bonus of $3,750,000, payable before December 31, 2025. Mr. Patel has also adopted a Rule 10b5-1 trading plan to acquire up to 100,000 Exzeo shares or $2 million of stock, whichever comes first, through December 18, 2026, with purchases subject to preset maximum price thresholds.
HCI Group, Inc. reported that its compensation committee approved new cash bonuses for key executives for 2025 and set higher base salaries effective January 1, 2026. Chief Executive Officer Paresh Patel will receive a base salary of $950,000 and a cash bonus of $3,200,000. Chief Operating Officer Karin Coleman will receive a base salary of $700,000 and a $250,000 bonus, while Chief Financial Officer James Mark Harmsworth will receive a $625,000 salary and a $250,000 bonus.
General Counsel Andrew L. Graham will have a base salary of $450,000 and a $250,000 bonus, and Anthony Saravanos, President - Real Estate Division, will have a $400,000 salary and a $200,000 bonus. The bonuses will be paid before December 31, 2025, and were based on advancement of strategic initiatives during 2025. In addition, Ms. Coleman, Mr. Harmsworth, and Mr. Graham were each granted 1,251 shares of common stock vesting over three years, and Mr. Saravanos received 621 shares vesting over three years.
Khrom Capital Management LLC filed a Schedule 13G/A (Amendment No. 3) reporting beneficial ownership in HCI Group, Inc. common shares. The filing shows 694,659 shares beneficially owned, representing 5.36% of the class, with sole voting and sole dispositive power over the same number of shares.
The date of the event triggering the filing is September 30, 2025. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
HCI Group, Inc. reported sharply stronger Q3 results. Total revenue rose to $216.4 million from $175.3 million a year ago, driven by higher net premiums earned of $195.0 million. Net income was $67.9 million versus $9.4 million, and diluted EPS increased to $4.90 from $0.52 as losses and loss adjustment expenses declined to $66.2 million.
For the first nine months, revenue reached $654.7 million with net income of $212.4 million. Operating cash flow was $333.7 million, supporting a cash and cash equivalents balance of $987.9 million, up from $532.5 million at year‑end. Stockholders’ equity increased to $821.8 million from $453.3 million.
Leverage improved markedly: long‑term debt fell to $32.1 million from $185.3 million, aided by conversion of $172.5 million of 4.75% convertible senior notes into 2,187,063 common shares. The company assumed about 13,900 Citizens policies year‑to‑date, representing $35.8 million in annualized gross written premiums. Common shares outstanding were 12,960,037 as of November 3, 2025.
HCI Group, Inc. (HCI) announced it released earnings for the three and nine months ended September 30, 2025 and will host a conference call on November 6, 2025 at 4:45 p.m. Eastern time. The CEO, CFO, and COO will discuss the results.
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- Webcast: Investor Information section at www.hcigroup.com
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Exzeo Group, Inc. (XZO) reported an insider ownership update. Director Paresh Patel filed a Form 3 initial statement of beneficial ownership effective 11/04/2025, disclosing 75,000,000 shares of Common Stock held directly.
This filing establishes the director’s starting ownership position with the company and reflects equity already beneficially owned as of the stated date.
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.
HCI Group, Inc. reported that its majority-owned subsidiary, Exzeo Group, Inc., has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of Exzeo’s common stock. The number of shares to be offered and the price range have not been determined. The offering is described as subject to market conditions, with no assurance it will be completed or on what terms. Truist Securities, Citizens Capital Markets and William Blair are named as joint book-running managers, and Fifth Third Securities is named as co-manager. The company furnished a related press release as an exhibit.
HCI Group disclosed that Khrom Capital Management LLC beneficially owns 796,170 common shares, equal to 6.62% of the class. The filing identifies Khrom as an investment adviser and reports that it has sole voting and sole dispositive power over these shares. The position exceeds the 5% reporting threshold, making it a material, publicly reported minority stake. The statement also certifies the securities are held in the ordinary course of business and were not acquired to change or influence control of HCI.
HCI Group, Inc. reported a stronger quarter ended June 30, 2025 with consolidated assets of $2.353 billion and total equity of $784.7 million, up from $2.230 billion and $467.4 million at year-end 2024. Revenue for the quarter was $221.9 million, driven by $302.6 million of gross premiums earned and $200.1 million of net premiums earned after ceding. Net income for the quarter was $70.3 million ($66.2 million after noncontrolling interests), producing basic earnings per share of $5.57 and diluted EPS of $5.18, compared with prior-year quarter EPS of $5.18 (basic) and $4.24 (diluted). Operating cash flow was $307.0 million for the six months, and cash and equivalents rose to $947.2 million. During the period the company converted $172.5 million of 4.75% convertible notes into 2,187,063 shares (recording a $1.125 million inducement expense), materially reducing reported long-term debt. Reinsurance recoverables and gross losses and LAE remain significant at $375.3 million and $696.9 million, respectively, and approximately 66.3% of reinsurance recoverable is concentrated with four reinsurers.