HCI Group

HCI Group, Inc. engages in the business of property and casualty insurance, reinsurance, real estate, and information technology. It operates through the following segments: Insurance Operations, Real Estate, and Corporate and Others. The Insurance Operations segment includes the property and casualty insurance division and reinsurance division. The Real Estate segment consists of commercial properties the firm owns for investment purposes or for use in its own operations. The Corporate and Others segment represents the activities of the holding companies, the information technology division, and other companies. The company was founded by Paresh Patel, Gregory Politis, and Martin A. Traber on November 30, 2006 and is headquartered in Tampa, FL.

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HCI Group reports improved Q4 earnings, eyes growth in Florida

HCI Group delivered a strong performance in Q4 2022, with improved net income and EPS driven by robust insurance division results. Despite facing challenges from legislative changes and increased loss reserves, the company remains optimistic about growth opportunities in the Florida market. HCI Group's strategic actions, including returning capital to shareholders and real estate market strength, position it well for future success.

HCI Group posts strong Q1 earnings, eyes growth opportunities

HCI Group delivered robust financial results in Q1 2023, driven by strong performance across its insurance and real estate divisions. The company's focus on underwriting actions, legislative reforms, and operational strategies has yielded positive outcomes, reflected in improved earnings and loss ratios.

HCI Group reports strong Q2 earnings, eyes growth opportunities

HCI Group's Q2 2023 earnings call reflects robust financial performance, marked by improved loss ratios and increased book value per share.
The company's strategic focus on depopulating Citizens, strengthening TypTap's profitability, and optimizing reinsurance bodes well for future growth.
While challenges like policy growth and market competition persist, HCI Group's strong performance and strategic initiatives position it well for future opportunities.
Overall, HCI Group's performance, strengths, and proactive approach to challenges indicate a promising outlook for sustained growth and profitability.

HCI Group posts robust Q3 earnings, eyes growth in insurance

HCI Group demonstrated strong financial performance and stability in Q3 2023, supported by growth in premiums and prudent investment strategies.
While facing challenges in a competitive market, HCI Group's strategic initiatives and dividend payments showcase its commitment to long-term value creation.
The company's focus on legislative reforms, new business ventures, and financial strength positions it well to capitalize on growth opportunities in the insurance sector.

HCI Group reports robust Q4 earnings, eyes growth opportunities

HCI Group's Q4 2023 performance showcased strong financial results, with growth in premiums, improved loss ratios, and strategic financial moves. Despite facing challenges in managing reserves and navigating capital transactions, the company's focus on growth and market opportunities presents a positive outlook for stakeholders.

HCI Group excels in Q1 2024, eyes expansion and tech-driven growth

HCI Group delivered strong financial results in Q1 2024, showcasing robust performance metrics and strategic initiatives. The company's focus on technology, dividend consistency, and premium growth highlights its resilience and potential for expansion. While facing challenges in evaluating growth avenues, HCI Group's solid balance sheet and operational improvements position it well for future opportunities.

HCI Group posts robust Q2 results, eyes growth amid challenges

HCI Group's Q2 2024 performance reflects financial strength, operational resilience, and strategic dividend payouts, underlining stability and growth potential.
While challenges like CAT losses and operational complexities exist, the company's focus on risk management and growth initiatives positions it well for the future.
Opportunities in technology, market expansion, and risk diversification offer HCI Group avenues for sustained growth and competitive advantage in the insurance sector.

HCI Group reports resilient Q3 earnings, plans carrier launch

HCI Group's Q3 performance reflects resilience and strategic growth, driven by strong financial results and policyholder additions.
While facing challenges from hurricanes and competitive pressures, HCI's commitment to stability and growth positions it well for the future.
Opportunities for expansion through new carrier launch and strategic risk selection underscore HCI's proactive approach to market dynamics.

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TAMPA, Fla., Aug. 05, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, software development and real estate, reported results for the three and six months ended June 30, 2021.

HCI Group Reports Second Quarter 2021 Results

TAMPA, Fla., Aug. 05, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) today announced that its subsidiary, TypTap Insurance Group, Inc., has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of TypTap's common stock. The size and price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the completion of the SEC review process, subject to market and other conditions. There is no assurance that the initial public offering will be completed.

HCI Group Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering of TypTap Insurance Group, Inc.

TAMPA, Fla., July 12, 2021 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, software development, and real estate, has declared a regular quarterly cash dividend in the amount of 40 cents per common share for the third quarter of 2021. The dividend will be paid September 17, 2021 to shareholders of record at the close of business August 20, 2021.

HCI Group Declares Q3 2021 Quarterly Cash Dividend

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As of late, it has definitely been a great time to be an investor of HCI Group (HCI)

Will HCI Group (HCI) Continue to Surge Higher?

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TAMPA, Fla., June 25, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) has announced that its 4.25% Convertible Senior Notes Due 2037 will become convertible by all Holders beginning on July 1, 2021.

HCI Group's 4.25% Convertible Senior Notes Due 2037 to Become Convertible July 1, 2021

TAMPA, Fla., June 23, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a leading homeowners insurer executing on a nationwide expansion plan through its technology-led insurance subsidiary TypTap Insurance Company, will participate at the BofA Securities 2021 InsurTech Conference, which will be held virtually on Wednesday, June 30, 2021.

HCI Group to Present at BofA Securities 2021 InsurTech Conference on June 30, 2021

Well performing Homeowners Choice and TypTap coupled with conservative reserving practice should continue to drive HCI Group (HCI).

HCI Group (HCI) Stock Up 104% in a Year: More Upside Left?

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In a low interest rate environment, insurers like ALL, MET, HUM, MFC, ORI, HMN, HCI are best investment bets given their fundamental strength.

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The insurance industry is well poised to benefit from improved pricing, prudent underwriting increased adoption of technology and solid capital position. AFG, CINF, WRB, BRK.B, HCI, EIG are some industry players slated for better returns.

Insurance Industry Gains 17% YTD: 6 Picks for Better Returns

TAMPA, Fla., May 21, 2021 (GLOBE NEWSWIRE) -- TypTap Insurance Group, Inc. (TypTap), a rapidly growing, technology-driven insurance company and a subsidiary of HCI Group, Inc. (NYSE: HCI), has received regulatory approval to write homeowners insurance in Massachusetts.

TypTap Receives Approval to Write Homeowners Insurance in Massachusetts as Part of Company's Nationwide Expansion Plan

If you are looking for stocks that are well positioned to maintain their recent uptrend, HCI Group (HCI) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Here's Why Momentum in HCI Group (HCI) Should Keep going

HCI Group, Inc. (HCI) CEO Paresh Patel on Q1 2021 Results - Earnings Call Transcript

TAMPA, Fla., May 06, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, reported results for the quarter ended March 31, 2021.

HCI Group Reports First Quarter 2021 Results

TAMPA, Fla., May 04, 2021 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, has declared a regular quarterly cash dividend in the amount of 40 cents per common share for the second quarter of 2021. The dividend will be paid June 18, 2021 to shareholders of record on the close of business May 21, 2021.

HCI Group Declares Q2 2021 Quarterly Cash Dividend

TAMPA, Fla., April 12, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, will hold a conference call on Thursday, May 6, 2021, at 4:45 p.m. Eastern time to discuss results for the first quarter ended March 31, 2021. Financial results will be issued in a press release after the close of the market on the same day.

HCI Group Sets First Quarter 2021 Earnings Call for Thursday, May 6, 2021 at 4:45 p.m. ET

HCI's subsidiary TypTap received a $100 million investment at an $850 million valuation. The value of HCI's majority interest in TypTap is greater than its market cap. Analysts upgraded their target prices on HCI to $100 and $88 based on the value implied by the TypTap deal and Q4 results that beat expectations.

HCI Group: Trading Below The Valuation Of Its Disruptive TypTap Subsidiary

HCI Group's (HCI) CEO Paresh Patel on Q4 2020 Results - Earnings Call Transcript

HCI Group (HCI) delivered earnings and revenue surprises of 100.00% and 1.92%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

HCI Group (HCI) Q4 Earnings and Revenues Surpass Estimates

TAMPA, Fla., March 11, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, reported results for the three and twelve months ended December 31, 2020.

HCI Group Reports Fourth Quarter and Full Year 2020 Results

The stock price of HCI Group (NYSE: HCI) has increased by over 28% during intraday trading. This is why it happened.

HCI Stock Price Increases Over 28% Intraday: Why It Happened

HCI and TypTap Management to Host Conference Call on Monday, March 1 at 8:00 AM ET HCI and TypTap Management to Host Conference Call on Monday, March 1 at 8:00 AM ET

Leading InsurTech Company TypTap Raises $100 Million from Centerbridge

TAMPA, Fla., Feb. 16, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, will hold a conference call on Thursday, March 11, 2021, at 4:45 p.m. Eastern time to discuss results for the fourth quarter and full year ended December 31, 2020. Financial results will be issued in a press release after the close of the market on the same day.

HCI Group Sets Fourth Quarter and Full Year 2020 Earnings Call for Thursday, March 11, 2021 at 4:45 p.m. ET

TAMPA, Fla., Jan. 22, 2021 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), an InsurTech company with operations in insurance, software development and real estate, has entered into a renewal rights agreement, dated January 18, 2021, with United Insurance Holding Corp. (NASDAQ: UIHC) pursuant to which United is to transition to HCI all its personal lines insurance business in the states of Connecticut, New Jersey, Massachusetts and Rhode Island.

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