Highest-materiality recent filing
HCI Group Q2 2026 pre-tax income $111M, diluted EPS $5.60, gross loss ratio 22%
Pre-tax income $111M vs $94M YoY; net income $83M vs $70M; diluted EPS $5.60 vs $5.18.
HCI Group adopts director compensation plan: $100k cash + 750 restricted shares annually
Each non-employee director receives $100,000 cash payable quarterly.
HCI Group shareholders elect directors, ratify auditor, approve say-on-pay at annual meeting
Elected Wayne Burks to Class B board until 2028; elect Jay Madhu, Peter Politis, Anthony Saravanos to Class C until 2029.
Reinsurance Tower 1: $1.06B single-event coverage, retention $10M, private premiums $204.7M plus $30M FHCF.
HCI Group Q1 2026 pre-tax income $115M; diluted EPS $5.45, up from $5.35 YoY
Pre-tax income $115M vs $100M YoY; net income after noncontrolling interests $73M vs $70M.
HCI Group Q4 pre-tax income $144M, EPS $7.25; full year EPS $22.72
Q4 net income after noncontrolling interests $98M vs $3M YoY; diluted EPS $7.25 vs $0.23.
Exzeo Group, HCI subsidiary, enters new CEO employment agreement; awards $3.75M cash bonus
Paresh Patel named CEO of Exzeo Group effective Jan 1, 2026, with base salary of $950,000.
HCI Group awards 2025 cash bonuses and sets 2026 salaries for top executives
CEO Paresh Patel receives $950,000 base salary and $3,200,000 cash bonus.
HCI Group Q3 2025 diluted EPS $4.90 vs $0.52; pre-tax income $90.6M
Net income after noncontrolling interests $65.5M, up from $5.7M in Q3 2024.
Exzeo Group prelim Q3 rev $53.5-56.8M, net income $20.1-22.2M; 9mo rev $162-165.3M
Preliminary unaudited Q3 2025 revenue of $53.5M to $56.8M.
HCI Group subsidiary Exzeo files S-1 for proposed IPO; terms not set
Exzeo Group, majority-owned by HCI, publicly filed Form S-1 for IPO of common stock.
HCI Group Q2 pre-tax income $94.4M; diluted EPS $5.18; book value $58.55
Net income after noncontrolling interests was $66.2M, up from $54.1M in Q2 2024; diluted EPS $5.18 vs $4.24.
Plan approved July 21, 2025 by compensation committee.
Paresh Patel and Gregory Politis elected as Class B directors with 8,630,420 and 8,551,682 votes for.
HCI Group secures 2025-2026 reinsurance program with $1.28B Florida tower
Three reinsurance towers placed; Tower 1 covers Homeowners Choice and Tailrow Florida policies up to $1.28B per event.
HCI Group Q1 EPS $5.35 beats $3.81 YoY; plans tax-free spin-off of Exzeo
Q1 diluted EPS $5.35 vs $3.81 YoY; pre-tax income $100.3M, net income $74.2M.
HCI Group director Lauren Valiente will not seek reelection
Director Lauren Valiente notified HCI board on April 9, 2025 that she will not stand for reelection.
HCI Group Q4 2024 diluted EPS $0.23, full year $8.89; gross premiums up 38%
Q4 2024 diluted EPS $0.23, down from $3.40 in Q4 2023; adjusted EPS $0.31.
Director Eric Hoffman resigns after Centerbridge's $100M TypTap stake redeemed
Eric Hoffman resigned from HCI board effective December 27, 2024.
HCI Group awards $2.4M bonus to CEO Paresh Patel; other exec bonuses total $875K
CEO Paresh Patel received cash bonus of $2,400,000 for 2024 performance.
HCI Group Q3 2024 net income falls to $5.7M; diluted EPS $0.52 vs $1.34 YoY
Q3 2024 net income after noncontrolling interests of $5.7M, down from $13.2M in Q3 2023.
HCI Group amends bylaws to allow uncertificated shares
Board amended bylaws on August 22, 2024, to permit shares without certificates.
HCI Group Q2 2024: Pre-tax income $76M, diluted EPS $4.24, gross loss ratio improves to 29.7%
Net income after noncontrolling interests $54.1M vs $12.4M YoY; diluted EPS $4.24 vs $1.28.
HCI Group adopts director compensation plan: $100k cash plus 750 restricted shares annually
Non-employee directors receive $100,000 cash annually, paid quarterly.
HCI Group shareholders elect three directors, ratify auditor at 2024 annual meeting
Elected Karin Coleman (7.8M for), Eric Hoffman (8.2M for), Sue Watts (8.0M for) as Class A directors.
HCI Group secures $1.12B Tower 1 and $723.3M Tower 2 reinsurance for 2024-2025
Tower 1 (FL Homeowners Choice): $1.12B single-event limit, $14M retention; private premiums $161.4M, FHCF $49.4M.
HCI Group Q1 net income $57.0M ($3.81 EPS) vs $17.8M ($1.54 EPS) year ago
Pre-tax income $77.4M; adjusted diluted EPS $3.65 vs $1.50 prior year.
CEO Paresh Patel's base salary remains $950,000 under the five-year term ending April 2029.
HCI Group Q4 net income $40.9M ($3.40 EPS); full year net income $89.3M vs loss in 2022
Q4 net income $40.9M ($3.40 diluted EPS) vs $2.7M ($0.18) a year ago; adjusted EPS $3.22.
HCI Group redeems $100M TypTap preferred stock, extends Centerbridge warrant, files new S-3 shelf
Redeemed all TypTap Series A Preferred held by Centerbridge for ~$100M plus ~$2.9M accrued dividends, eliminating future 9.5% dividends.
HCI Group redeems remaining $24M convertible notes; expects conversion to equity by March 15
Redeemed remaining $24M principal of 4.25% Convertible Senior Notes due 2037; redemption date March 15, 2024.
HCI Group prices 1M-share public offering at $78/sh, expects ~$73.4M net proceeds
Underwritten offering of 1,000,000 shares at $78.00 per share, total gross proceeds ~$78M.
HCI Group extends credit facility to $75M, matures Nov 2028, SOFR-based pricing
Maximum revolving line increased to $75,000,000; facility matures November 3, 2028.
Pre-tax income of $20.1M vs pre-tax loss in Q3 2022; adjusted diluted EPS of $1.41 vs loss of $5.62.
Agreement effective Oct 31, 2023, covers policy assumptions during calendar year 2023.
HCI unit signs agreement to assume policies from Florida's Citizens Property Insurance
Homeowners Choice Property & Casualty entered an Assumption Agreement with Citizens Property Insurance Corp. to assume policies under Florida's depopulation program.
HCI Group sets CEO cash bonus plan tied to 2023 EBT threshold of $35M, awards 150K option
CEO Paresh Patel eligible for cash bonus up to $2.4M if consolidated 2023 pre-tax earnings exceed $35M threshold.
HCI Group swings to Q2 net income of $14.9M from prior-year loss; gross loss ratio improves to 34%
Net income of $14.9M ($1.28 diluted EPS) vs net loss of $8.5M ($1.04 loss) in Q2 2022.
TypTap authorized 1M additional shares of nonvoting Series A-2 Preferred Stock and 1M shares of non-voting Common Stock.
HCI Group sets non-employee director compensation: $100K cash, 500 restricted shares annually
Each non-employee director receives $100,000 cash per year, paid quarterly, plus 500 restricted common shares.
HCI shareholders elect four directors, ratify FORVIS as auditor at annual meeting
Wayne Burks (6.97M for), Jay Madhu (6.82M), Anthony Saravanos (7.05M), Peter Politis (6.92M) elected to board.
HCI Group extends Fifth Third revolving credit facility to Dec 2024; max leverage covenant set
Term extended one year to December 31, 2024; maximum line unchanged at $50M.
HCI Group secures 2023-2024 reinsurance with $2.4B total coverage; premiums $266.6M
Tower 1 (Homeowners Choice FL) provides $992.8M single-event coverage, retention $12.5M; total all-occurrence limit $1.42B.
HCI Group Q1 net income $17.8M ($1.54 EPS) vs $2.8M year ago; loss ratio improves to 33.6%
Net income of $17.8M, diluted EPS $1.54; adjusted net income $17.4M ($1.50 EPS).
HCI Group Q4 net income $2.7M; full-year net loss of $54.6M on Hurricane Ian
Q4 2022 diluted EPS $0.18 vs $0.01 in Q4 2021; adjusted diluted EPS $0.06 vs ($0.14).
HCI Group amends credit facility; reduces max to $50M, shifts to SOFR-based rate
Maximum revolving credit reduced from $65M to $50M, aligned with collateral release of one land parcel.
HCI Group Q3 net loss $51.5M ($5.66/share) as Hurricane Ian claims weigh; gross premiums up 21%
Net loss of $51.5M ($5.66 loss per share) vs net loss of $4.9M ($0.72 loss per share) in Q3 2021.
HCI Group Q2 2022 net loss $8.5M vs profit $3.8M YoY; gross premiums earned up 30%
Net loss of $8.5M ($1.04 per share) vs net income of $3.8M ($0.24) in Q2 2021.
HCI Group secures $935.7M Florida reinsurance for Homeowners Choice; net ceded premiums $247.3M
Homeowners Choice tower: up to $935.7M per-event FL coverage, $14M retention; total all-occurrence $1.33B.
HCI Group annual meeting results: all three proposals pass with majority votes
Elect Class B directors: Paresh Patel (8,002,960 for), Gregory Politis (7,658,401), Lauren Valiente (7,582,878).
On April 9, 2025, our director, Lauren Valiente, notified in writing the chairman of the board of directors that she will not seek reelection to the board of directors.
Max materiality 0.85 · Median 0.60 · Most common event other_material