secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0000950170-24-066263
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024066263/0000950170-24-066263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024066263/hci-20240530.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-066263

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