secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0000950170-23-025093
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

HCI Group secures 2023-2024 reinsurance with $2.4B total coverage; premiums $266.6M
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- Tower 1 (Homeowners Choice FL) provides $992.8M single-event coverage, retention $12.5M; total all-occurrence limit $1.42B.
- Tower 2 (TypTap & non-FL HCI) provides $684.2M (FL) / $337M (non-FL) single-event coverage, retention $9.0M; total $990.8M.
- Claddaugh subsidiary to contribute $39.4M capital at risk and collect ~$28.0M in premiums from subsidiaries.
- HCI obligated to use RAP coverage for both towers after deferral in prior year; RAP provides no-premium layers.
- Total net ceded premiums to third parties estimated at $266.6M assuming no losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023025093/0000950170-23-025093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023025093/hci-20230531.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-025093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer