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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 |
| EBIT | - | -60.78 | 128.77 | 186.77 | 438.49 |
| Pretax Income | - | -68.42 | 117.65 | 173.43 | 429.33 |
| Tax Provision | - | -13.82 | 28.39 | 45.85 | 108.94 |
| Net Income | - | -58.51 | 79.03 | 109.95 | 299 |
| Net Income Common Stockholders | - | -55.05 | 76.41 | 105.84 | 286.96 |
| Total Expenses | - | 560.41 | 432.36 | 576.03 | 472.44 |
| Interest Expense | - | 7.64 | 11.12 | 13.34 | 9.16 |
| Selling General And Administration | - | 56.51 | 53.87 | 63.15 | 72.12 |
| Normalized Income | - | -59.18 | 79.03 | 109.95 | 299 |
| Market Cap | 2,037.66 | 2,037.66 | 2,037.66 | 2,037.66 | 2,037.66 |
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 | - | 6.81↓ discount | 1.96 | 28.7% | - |
| Seacoast Banking Corporation of Florida | SBCF | $2.8B | 21.13 | 1.13 | 5.3% | - |
| Merchants Bancorp | MBIN | $2.8B | 10.29 | 1.30 | 12.6% | - |
| Artisan Partners Asset Management Inc. | APAM | $2.7B | 9.24 | 6.11 | 66.2% | 5.40 |
| The Bancorp, Inc. | TBBK | $2.6B |
| - |
| - |
| - |
| - |
| 10.71 |
| 3.54 |
| 33.1% |
| - |
| Acadian Asset Management Inc. | AAMI | $2.5B | 30.27 | 39.96 | 132.0% | 14.22 |
| WisdomTree, Inc. | WT | $2.3B | 21.24 | 5.60 | 26.4% | 16.65 |
| Hilltop Holdings Inc. | HTH | $2.3B | 12.95 | 0.99 | 7.6% | - |
| Stewart Information Services Corporation | STC | $2.0B | 18.87 | 1.33 | 7.0% | - |
| Peer Median | - | 15.91 | 2.44 | 19.5% | 14.22 | |