HCI Group, Inc. shareholders approved Advisory approval of the compensation of the Company's named executive officers at the 2026-06-10 meeting.
“Proposal 3. The shareholders approved, on an advisory basis, the compensation of the Company's named executive officers.”
Shareholder Votes
HCI Group, Inc. shareholders approved Ratify the appointment of Forvis Mazars, LLP as the independent registered public accounting firm for the year ending December 31, 2026 at the 2026-06-10 meeting.
“Proposal 2. The shareholders approved a proposal to ratify the appointment of Forvis Mazars, LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026.”
Shareholder Votes
HCI Group, Inc. shareholders approved Election of Wayne Burks, Jay Madhu, Peter Politis, and Anthony Saravanos to the Board of Directors at the 2026-06-10 meeting.
“Proposal 1. The shareholders approved a proposal to elect Wayne Burks to the Board of Directors as a Class B director until the 2028 Annual Meeting and to elect Jay Madhu, Peter Politis, and Anthony Saravanos to the Board of Directors as Class C directors until the 2029 Annual Meeting.”
Earnings Releases
HCI Group, Inc. reported the three months ended March 31, 2026 results: net income net income of $85 million, EPS Diluted earnings per share were $5.45.
“HCI Group, Inc. (NYSE:HCI) , reported pre-tax income of $115 million and net income of $85 million in the first quarter of 2026”
Lauren Valiente departed as Director at HCI Group, Inc..
“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.”
Earnings Releases
HCI Group, Inc. reported the first quarter of 2024 results: net income $57.0 million, or $3.81 diluted earnings per share.
“HCI Group Reports First Quarter 2024 Results First Quarter Pre-Tax Income of $77.4 million First Quarter Diluted EPS of $3.81 First Quarter Gross Loss Ratio of 31.1%”
Earnings Releases
HCI Group, Inc. reported the year ended December 31, 2023 results: revenue $765.5 million, net income $89.3 million, EPS $7.62 diluted earnings per share.
“measure and reconciliations to the applicable GAAP numbers accompany this press release. 1 Consolidated gross premiums earned for the twelve months of 2023 increased to $765.5 million from $724.7 million in the year ended December 31, 2022. Gross premiums earned for the twelve months of 2023 include $23 million of premium from the assumption of policies from”
Earnings Releases
HCI Group, Inc. reported the fourth quarter of 2023 results: revenue $215.2 million, net income $40.9 million, EPS $3.40 diluted earnings per share.
“completed a secondary common stock offering for proceeds of $85 million.” Fourth Quarter 2023 Commentary Consolidated gross premiums earned in the fourth quarter increased to $215.2 million from $183.0 million in the fourth quarter of 2022. Gross premiums earned in the fourth quarter of 2023 include $23 million of premium from the assumption of policies from”
Material Agreements
HCI Group, Inc. entered into Underwriting Agreement with Citizens JMP Securities, LLC (effective 2023-12-06).
“On December 6, 2023, HCI Group, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Citizens JMP Securities, LLC, as representative of the several underwriters thereto (the “Underwriters”), relating to the previously announced underwritten offering of 1,000,000 shares (the “Shares”) of the Company’s common stock, no par value per share (the “Common Stock” and such offering, the “Offering”).”
Debt Financings
HCI Group, Inc. amended revolving credit of $75,000,000 with Fifth Third Bank at SOFR plus a 10 basis points adjustment maturing November 3, 2028.
“2028. Under the terms of the amendment, the maximum Debt to Capital Ratio as defined in the Credit Agreement is 67.5%. The maximum balance of the line of credit is increased to $75,000,000 and the borrowing rate is based partially on the one or three month Secured Overnight Finance Rate (known as SOFR) plus a 10 basis points adjustment. The summary of the foregoing”
Material Agreements
HCI Group, Inc. amended Second Amended and Restated Credit Agreement with Fifth Third Bank valued at $75,000,000 (effective 2023-11-03).
“On November 3, 2023, we executed a Second Amended and Restated Credit Agreement to extend the term of our revolving credit facility from Fifth Third Bank until November 3, 2028.”
Earnings Releases
HCI Group, Inc. reported the nine months ended September 30, 2023 results: revenue $550.3 million, net income $48.3 million, EPS $4.16 diluted earnings per share.
“non-GAAP financial measure and reconciliations to the applicable GAAP numbers accompany this press release. Consolidated gross premiums earned for the nine months of 2023 of $550.3 million increased from $541.8 million in the first nine months of 2022.The increase was primarily due to higher average premium per policy offset in part by attrition in the number of”
Earnings Releases
HCI Group, Inc. reported the third quarter of 2023 results: revenue $188.3 million, net income $15.7 million, EPS $1.34 diluted earnings per share.
“businesses, which includes the assumption of policies from Citizens.” Third Quarter 2023 Commentary Consolidated gross premiums earned in the third quarter increased to $188.3 million from $181.7 million in the third quarter of 2022. The increase was primarily due to higher average premiums per policy offset in part by attrition in the number of policies in”
Material Agreements
HCI Group, Inc. entered into Assumption Agreement with Citizens Property Insurance Corporation valued at Term by which TypTap Insurance Company may assume policies from Citizens Property Insurance Corporat (effective 2023-10-31).
“On October 31, 2023, our subsidiary, TypTap Insurance Company, entered into an Assumption Agreement with Citizens Property Insurance Corporation, an entity created by the Florida Legislature. The agreement sets forth the terms by which our insurance subsidiary may assume policies from Citizens when such assumptions are approved by the Florida Office of Insurance Regulation.”
Material Agreements
HCI Group, Inc. entered into Assumption Agreement with Citizens Property Insurance Corporation (effective 2023-09-26).
“On September 26, 2023, our subsidiary Homeowners Choice Property & Casualty Insurance Company, Inc. entered into an Assumption Agreement with Citizens Property Insurance Corporation, an entity created by the Florida Legislature.”
Earnings Releases
HCI Group, Inc. reported the six months ended June 30, 2023 results: revenue $362.0 million, net income $32.7 million, EPS $2.81 diluted earnings per share.
“Year-to-Date 2023 Results For the six months ended June 30, 2023, the company reported net income of $32.7 million, or $2.81 diluted earnings per share, compared with net loss of $5.8 million, or $0.92 loss per share, for the six months ended June 30, 2022. Adjusted net income (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) for the six-month period was $31.6 million, or $2.72 diluted earnings per share compared with adjusted net income of $0.08 million, or $0.33 loss per share, in the same period of 2022. An explanation of this non-GAAP financial measure and reconciliations to the applicable GAAP numbers accompany this press release. 1 Consolidated gross premiums earned of $362.0 million increased from $360.0 million in the first six months of 2022. The increase was primarily due to higher average premium per policy offset by attrition in the number of policies in force. Premiums ceded for reinsurance of $136.9 million increased from $109.4 milli”
Earnings Releases
HCI Group, Inc. reported the second quarter of 2023 results: revenue $182.0 million, net income $14.9 million, EPS $1.28 diluted earnings per share.
“Group remains committed to Florida and we look forward to expanding in the state in the future.” Second Quarter 2023 Commentary Consolidated gross premiums earned increased to $182.0 million from $181.1 million in the second quarter of 2022. The increase was primarily due to higher average premium per policy offset by attrition in the number of policies in force.”
Shareholder Votes
HCI Group, Inc. shareholders approved Approval, on an advisory basis, of compensation paid to named executive officers at the 2023-06-08 meeting.
“The number of votes cast for, against and abstaining and the number of broker non-votes in the third matter voted upon appear below. For Against Abstain Broker Non-Votes Approval, on an advisory basis, of compensation paid to named executive officers. 6,947,817 156,875 3,408 684,067”
Shareholder Votes
HCI Group, Inc. shareholders approved Ratification of the appointment of FORVIS LLP as our independent registered public accounting firm for the year ending December 31, 2023 at the 2023-06-08 meeting.
“The number of votes cast for, against and abstaining in the second matter voted upon appear below. For Against Abstain Ratification of the appointment of FORVIS LLP, or its successor, as the company’s independent registered public accounting firm for the year ending December 31, 2023. 7,651,621 138,901 1,645”
Shareholder Votes
HCI Group, Inc. shareholders approved Election of three Class C directors at the 2023-06-08 meeting.
“The number of votes cast for and the number of votes withheld as to each director nominee appear below. Director Nominee For Withheld Wayne Burks 6,965,105 142,995 Jay Madhu 6,824,079 284,021 Anthony Saravanos 7,049,809 58,291 Peter Politis 6,919,323 188,777”
Material Agreements
HCI Group, Inc. amended Amended and Restated Credit Agreement with Fifth Third Bank (effective 2023-06-02).
“On June 2, 2023, we executed an Amended and Restated Credit Agreement to extend the term of our revolving credit facility from Fifth Third Bank for one additional year until December 31, 2024.”
Earnings Releases
HCI Group, Inc. reported first quarter ended March 31, 2023 results: revenue $180.1 million, net income $17.8 million, EPS $1.54 diluted earnings per share.
“said HCI Group Chairman and Chief Executive Officer Paresh Patel. First Quarter 2023 Commentary Consolidated gross premiums earned in the first quarter of 2023 increased to $180.1 million from $178.9 million in the first quarter of 2022. The increase was primarily due to higher average premium per policy offset by a decline in the number of policies in force.”
Earnings Releases
HCI Group, Inc. reported the year ended December 31, 2022 results: net income net loss of $54.6 million, EPS $6.24 loss per share.
“For the year ended December 31, 2022, the company reported a net loss of $54.6 million, or $6.24 loss per share”
Earnings Releases
HCI Group, Inc. reported the fourth quarter ended December 31, 2022 results: net income net income of $2.7 million, EPS $0.18 diluted earnings per share.
“On March 9, 2023, we released our earnings for the fourth quarter and full year ended December 31, 2022.”
Material Agreements
HCI Group, Inc. amended Fifth Amendment to Credit Agreement with Fifth Third Bank valued at $50,000,000 (effective 2022-12-01).
“On December 1, 2022, we completed an amendment to our revolving credit facility from Fifth Third Bank. Under the terms of the amendment, one parcel of land is released from the collateral pool and the maximum balance of the line of credit is reduced to $50,000,000, commensurate with the reduction in the collateral.”
Earnings Releases
HCI Group, Inc. reported the nine months ended September 30, 2022 results: net income net loss of $57.3 million, EPS $6.26 loss per share.
“For the nine months ended September 30, 2022, the company reported a net loss of $57.3 million, or $6.26 loss per share, compared with net income of $5.8 million, or $0.22 diluted earnings per share, for the nine months ended September 30, 2021.”
Earnings Releases
HCI Group, Inc. reported the third quarter of 2022 results: net income net loss of $51.5 million, EPS $5.66 loss per share.
“HCI Group, Inc. (NYSE:HCI) , a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported a net loss of $51.5 million, or $5.66 loss per share, in the third quarter of 2022 compared with net loss of $4.9 million, or $0.72 loss per share, in the third quarter of 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.