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HCI Group, Inc., together with its subsidiaries, engages in the property and casualty insurance business in the United States. The company operates through Insurance Operations, Exzeo, Reciprocal Exchange Operations, and Real Estate segments. It provides homeowners' property and casualty insurance products; claim adjusting and processing services; turnkey insurance technology and operations solutions to property and casualty insurance carriers and its agents through the Exzeo platform; and SAMSTM, a web-based system designed to automate and streamline the process of managing insurance policies. The company also offers Harmony, a policy administration platform; ClaimColony, an end-to-end claims management platform; AtlasViewer, a mapping and data visualization platform. In addition, it is involved in reciprocal exchange operations; and developing and operating commercial properties for investment purposes. The company was formerly known as Homeowners Choice, Inc. and changed its name to HCI Group, Inc. in May 2013. HCI Group, Inc. was incorporated in 2006 and is headquartered in Tampa, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $902M | - | $299M | $441M | 28.7% | 20.3% | 171.9% |
| 2024 | $749M | - | $110M | $328M | 24.3% | 36.3% | 39.1% |
| 2023 | $550M | - | $79M | $222M | 24.3% | 11.8% | -235.1% |
| 2022 | $492M | - | $-59M | $-10M | -36.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 491.99 | 550.01 | 749.45 | 901.77 |
| Operating Revenue | - | 491.99 | 550.01 | 749.45 | 901.77 |
| Selling General And Administration | - | 56.51 | 53.87 | 63.15 | 72.12 |
| Total Expenses | - | 560.41 | 432.36 | 576.03 | 472.44 |
| EBIT | - | -60.78 | 128.77 | 186.77 | 438.49 |
| Interest Expense | - | 7.64 | 11.12 | 13.34 | 9.16 |
| Net Interest Income | - | -7.77 | -11.12 | -13.34 | -9.16 |
| Other Income Expense | - | 4.49 | 2.63 | 2.68 | 4.14 |
| Interest Expense Non Operating | - | 7.64 | 11.12 | 13.34 | 9.16 |
| Net Non Operating Interest Income Expense | - | -7.77 | -11.12 | -13.34 | -9.16 |
| Pretax Income | - | -68.42 | 117.65 | 173.43 | 429.33 |
| Tax Provision | - | -13.82 | 28.39 | 45.85 | 108.94 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.17 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -54.60 | 89.26 | 127.58 | 320.40 |
| Net Income From Continuing And Discontinued Operation | - | -58.51 | 79.03 | 109.95 | 299 |
| Net Income From Continuing Operation Net Minority Interest | - | -58.51 | 79.03 | 109.95 | 299 |
| Net Income | - | -58.51 | 79.03 | 109.95 | 299 |
| Net Income Common Stockholders | - | -55.05 | 76.41 | 105.84 | 286.96 |
| Net Income Including Noncontrolling Interests | - | -54.60 | 89.26 | 127.58 | 320.40 |
| Normalized Income | - | -59.18 | 79.03 | 109.95 | 299 |
| Diluted NI Availto Com Stockholders | - | -55.05 | 84.14 | 112.75 | 292.65 |
| Basic Average Shares | - | 8.82 | 8.66 | 10.38 | 12.16 |
| Diluted Average Shares | - | 8.82 | 10.37 | 12.37 | 13.16 |
| Reconciled Depreciation | - | 8.01 | 8.18 | 4.30 | 11.22 |
| Total Unusual Items | 0 | 0.83 | 0 | 0 | - |
| Total Unusual Items Excluding Goodwill | 0 | 0.83 | 0 | 0 | - |
| Minority Interests | - | -3.91 | -10.22 | -17.63 | -21.39 |
| Special Income Charges | 0 | 0.83 | 0 | 0 | - |
| Impairment Of Capital Assets | 0 | 2.28 | 0 | 0 | - |
| Restructuring And Mergern Acquisition | 0 | -3.12 | 0 | 0 | - |
| General And Administrative Expense | - | 56.51 | 53.87 | 63.15 | 72.12 |
| Salaries And Wages | - | 56.51 | 53.87 | 63.15 | 72.12 |
| Total Other Finance Cost | 1.85 | 0.12 | 0.08 | 0.06 | - |
| Other Operating Expenses | - | 24.98 | 22.63 | 26.02 | 26.08 |
| Otherunder Preferred Stock Dividend | - | -3.46 | 2.62 | 4.11 | 12.04 |
| Average Dilution Earnings | - | 0 | 7.73 | 6.91 | 5.68 |
| Loss Adjustment Expense | - | 371.46 | 254.58 | 374.71 | 241.83 |
| Net Policyholder Benefits And Claims | - | 371.46 | 254.58 | 374.71 | 241.83 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| HCI Group, Inc.this co. | HCI | $1.9B | 6.41↓ discount | 1.84 | 28.7% | - |
| NBT Bancorp Inc. | NBTB | $2.4B | 14.27 | 1.27 | 8.9% | - |
| The Western Union Company | WU | $2.4B | 4.82 | 2.52 | 52.2% | 4.15 |
| Beacon Financial Corporation | BBT | $2.4B | 26.55 | 0.96 | 3.6% | - |
| The Bancorp, Inc. | TBBK | $2.2B | 9.77 |
| - |
| - |
| - |
| - |
| 3.23 |
| 33.1% |
| - |
| Banner Corporation | BANR | $2.2B | 11.23 | 1.13 | 10.0% | - |
| Merchants Bancorp | MBIN | $2.2B | 10.02 | 1.27 | 12.6% | - |
| Hilltop Holdings Inc. | HTH | $2.2B | 13.12 | 1.00 | 7.6% | - |
| Stewart Information Services Corporation | STC | $1.9B | 16.70 | 1.18 | 7.0% | - |
| Peer Median | - | 12.18 | 1.22 | 9.5% | 4.15 | |