HCI Group secures $1.12B Tower 1 and $723.3M Tower 2 reinsurance for 2024-2025

HCI Group, Inc.

Tower 1 (FL Homeowners Choice): $1.12B single-event limit, $14M retention; private premiums $161.4M, FHCF $49.4M.
Tower 2 (all TypTap policies and Homeowners Choice non-FL): $723.3M FL limit, $410M non-FL limit, $9M retention; private premiums $117.7M, FHCF $28.0M.
Total net ceded third-party premiums approx. $333.6M; Claddaugh (subsidiary) collects $22.8M in premiums.
Retrospective provisions in multi-year and single-year treaties may adjust premiums or create assets/liabilities based on loss experience.
Program effective June 1, 2024 to May 31, 2025; HCI exploring additional risk transfer instruments.

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