HCI Group, Inc. HCI
HCI Group, Inc., together with its subsidiaries (collectively, "we," "our," "us," the "Company," or "HCI"), is primarily engaged in the property and casualty insurance business. We provide various homeowners' property and casualty insurance products for properties located in the State of Florida, which is our primary market, as well as in other states in the northeast and southeast regions of the United States ("U.S.").
Our insurance operations are supported by other insurance-related subsidiaries within the consolidated group. Exzeo Group, Inc. (formerly known as TypTap Insurance Group, Inc.) ("Exzeo"), a majority-owned subsidiary, provides turn-key insurance technology and operations solutions based on a proprietary platform of purpose-built software and data analytics applications that are specifically designed for the property and casualty insurance ecosystem. We utilize Exzeo's internally developed software technologies to identify profitable underwriting opportunities, drive efficiency in claim processing and settlements, and streamline operations across our insurance operations and other insurance-related businesses.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $900.9M | $750.1M | $550.7M | $499.6M | $407.9M | $310.4M | $242.5M | $231.3M | $244.4M | $264.4M |
| Interest expense | — | $2.0K | $150.0K | — | — | — | — | — | — | — |
| Pre-tax income | $429.3M | $173.4M | $117.7M | -$68.4M | $11.2M | $36.9M | $36.1M | $26.9M | -$15.6M | $46.9M |
| Income tax | $108.9M | $45.8M | $28.4M | $13.8M | $4.0M | $9.3M | $9.5M | $9.2M | $8.7M | $17.8M |
| Net income | $320.4M | $127.6M | $89.3M | -$54.6M | $7.2M | $27.6M | $26.6M | $17.7M | -$6.9M | $29.0M |
| EPS, basic | 24.58 | 10.59 | 9.13 | -6.24 | 0.23 | 3.55 | 3.32 | 2.34 | -0.75 | 2.95 |
| EPS, diluted | 22.72 | 8.89 | 7.62 | -6.24 | 0.21 | 3.49 | 3.31 | 2.34 | -0.75 | 2.92 |
| Shares, diluted (wtd. avg.) | $12.9M | $12.7M | $11.0M | $8.8M | $8.6M | $9.7M | $10.2K | $7.9M | — | $10.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.21B | $532.5M | $536.5M | $234.9M | $628.9M | $431.3M | $229.2M | $239.5M | $255.9M | $281.1M |
| Short-term investments | — | — | — | — | — | — | — | $66.5M | — | — |
| Property, plant and equipment | $28.9M | $29.5M | $29.3M | $17.9M | $14.2M | $12.8M | $14.7M | $13.3M | $12.5M | $11.4M |
| Other intangibles | $2.7M | $5.2M | $7.7M | $10.6M | $10.6M | $3.6M | $4.2M | $4.8M | $5.0M | $4.9M |
| Total assets | $2.53B | $2.23B | $1.81B | $1.80B | $1.18B | $941.3M | $802.6M | $832.9M | $842.3M | $670.1M |
| Long-term debt | — | — | — | — | — | — | — | — | $237.8M | $138.9M |
| Total liabilities | $1.41B | $1.76B | $1.39B | $1.55B | $762.4M | $740.2M | $617.1M | $651.4M | $648.3M | $426.3M |
| Retained earnings | $611.5M | $331.8M | $238.4M | $172.5M | $246.8M | $199.6M | $183.4M | $182.9M | $189.4M | $233.0M |
| Total equity | $1.04B | $453.3M | $327.2M | $161.3M | $324.5M | $201.1M | $185.5M | $181.4M | $194.0M | $243.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $444.4M | $331.8M | $230.7M | -$12.0K | $96.5M | $77.3M | $54.0M | $28.6M | $16.6M | $88.3M |
| Depreciation and amortisation | $11.2M | $4.3M | $8.2M | $8.0M | $5.5M | $8.7M | $1.6M | $1.4M | $1.2M | $1.3M |
| Stock-based compensation | $11.0M | $10.2M | $9.3M | $15.1M | $13.8M | $8.1M | $6.5M | $4.6M | $4.5M | $4.2M |
| Capital expenditure | $3.6M | $4.1M | $6.5M | $6.3M | $3.3M | $6.4M | $2.9M | $2.2M | $2.3M | $865.0K |
| Investing cash flow | $87.3M | -$260.1M | $4.3M | -$434.5M | $36.9M | $143.2M | $50.5M | -$17.7M | -$80.2M | -$49.0M |
| Financing cash flow | $146.2M | -$75.2M | $67.1M | $41.1M | $64.3M | -$16.7M | -$114.7M | -$27.3M | $39.0M | -$26.2M |
| Dividends paid | $19.3M | $16.6M | $13.7M | $15.2M | $14.1M | $12.7M | $13.0M | $11.3M | $13.9M | $12.4M |
| Buybacks | $1.5M | $1.0M | $784.0K | $71.2M | $1.3M | $1.5M | $1.2M | $1.2M | $30.7M | $464.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-191649.
Others in SIC 6331
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|---|---|---|---|---|
| CB | Chubb Ltd | $132.49B | 13.3x | 6.5% |
| PGR | PROGRESSIVE CORP/OH/ | $127.29B | 11.4x | 16.3% |
| TRV | TRAVELERS COMPANIES, INC. | $77.04B | 13.5x | 5.2% |
| ALL | ALLSTATE CORP | $65.63B | 6.8x | 5.6% |
| AIG | AMERICAN INTERNATIONAL GROUP, INC. | $39.85B | 14.0x | -1.7% |
| HIG | HARTFORD INSURANCE GROUP, INC. | $37.48B | 10.4x | 3.3% |
| ACGL | ARCH CAPITAL GROUP LTD. | $33.47B | 8.5x | 14.3% |
| CINF | CINCINNATI FINANCIAL CORP | $26.26B | 11.3x | 11.4% |