HCI Group (HCI) Company Report

HCI Group reported strong financial results for Q4 and full-year 2025, with diluted earnings per share of $7.25 for the quarter and $22.72 for the year, and gross premiums earned up 14% for the full year.
The company's shareholder equity exceeded $1 billion and book value per share was over $80 at year-end 2025, with a pro forma book value of approximately $140 per share including unrealized gains on real estate and Exio.
Strategic highlights include the IPO of Exio, where HCI Group retains an 82% ownership stake valued at nearly $1.2 billion, and the assumption of 60,000 policies from Citizens in 2025.
HCI Group plans to announce a new $80 million share repurchase program and anticipates reinsurance market softening, while noting a normalized loss ratio of 17.5% for Q4 2025 and a 3.5% rate reduction for Homeowners Choice starting January.

3 days ago

Transcript

HCI Group Reports Strong Q4 and Full-Year 2025 Results

HCI

Earnings

Share Buyback

M&A

HCI Group reported strong financial results for Q4 2025 and the full year, with pre-tax income of $144 million and diluted EPS of $7.25 for the quarter, and $429 million and $22.72 respectively for the full year.
Gross premiums earned increased by 12% in Q4 2025 year-over-year and 14% for the full year, while the gross loss ratio was 15.6% for Q4 and 20% for the full year.
The company's shareholder equity surpassed $1 billion at year-end, and it generated over $750 million in cash from operations over the past two years, achieving an after-tax return on equity of over 35% for the last three years.
HCI Group completed the IPO of Exio in Q4 2025, retaining an 82% stake valued at almost $1.2 billion, and assumed 47,000 policies from Citizens in Q4, adding over $175 million of in-force premiums.
A new $80 million share repurchase program is being finalized, and management anticipates reinsurance market softening, which could lead to improved margins.

3 days ago

Transcript

HCI Group Reports Strong Q4 and Full-Year 2025 Results, Announces Share Repurchase Program

HCI

Earnings

Share Buyback

M&A

HCI Group reported strong financial performance for Q4 and full-year 2025, with diluted earnings per share of $7.25 for Q4 and $22.72 for the full year, and gross premiums earned increasing 12% in Q4 and 14% for the full year.
The company's balance sheet remains robust, ending 2025 with shareholder equity over $1 billion and book value per share exceeding $80, achieving an after-tax return on equity over 35% for the past three years.
Strategic highlights include the completion of the Exio IPO in Q4 2025, where HCI Group retains an 82% stake valued at almost $1.2 billion, and the assumption of 47,000 policies from Citizens in Q4, adding over $175 million in-force premiums.
HCI Group is finalizing a new $80 million share repurchase program and is actively pursuing strategic acquisitions and new market opportunities, while noting a 3.5% rate reduction for Homeowners Choice in Florida starting January.

3 days ago

Transcript

HCI Group, Inc. Reports Strong Q4 and Full Year 2025 Financial Results

HCI

Earnings

Share Buyback

Revenue Acceleration/Inflection

HCI Group, Inc. reported pre-tax income of $144 million and diluted earnings per share of $7.25 for the fourth quarter of 2025, significantly increasing from $6 million and $0.23, respectively, in Q4 2024.
For the full year 2025, the company achieved pre-tax income of $429 million and diluted earnings per share of $22.72, compared to $173 million and $8.89 in 2024.
Gross premiums earned increased to $332 million in Q4 2025 from $297 million in Q4 2024, and to $1,236 million for the full year 2025 from $1,083 million in 2024.
The gross loss ratio for Q4 2025 was 15.6% and 19.6% for the full year 2025.
Management stated that 2025 was a "very successful year" with record earnings and shareholder returns, and plans to invest in a soon-to-be announced share buyback program.

3 days ago

8-K

HCI Group Reports Strong Fourth Quarter and Full Year 2025 Results

HCI

Earnings

Share Buyback

New Projects/Investments

HCI Group reported record full-year 2025 pre-tax income of $429 million and diluted EPS of $22.72, a significant increase from $173 million and $8.89 in 2024, respectively.
For the fourth quarter of 2025, the company achieved pre-tax income of $144 million and diluted EPS of $7.25, compared to $6 million and $0.23 in the prior-year quarter.
Gross premiums earned for the full year 2025 rose to $1,236 million and for the fourth quarter of 2025 to $332 million, driven by a higher volume of insurance policies in force.
Management highlighted 2025 as a successful year with record earnings, including the IPO of Exzeo, and announced plans to explore new growth areas and implement a share buyback program in 2026.

3 days ago

Press Release

Exzeo Group Announces Third Quarter 2025 Financial Results

HCI

Earnings

Revenue Acceleration/Inflection

Exzeo Group reported strong financial performance for the third quarter ended September 30, 2025, with revenue increasing 90% year-over-year to $55.2 million.
Net income for Q3 2025 rose to $21.2 million, or $0.25 per diluted share, compared to $5.3 million, or $0.06 per diluted share, in the prior year period.
The company's Managed Premium grew 142.1% to $1.2 billion as of September 30, 2025, up from $496.3 million a year prior, and Annual Recurring Revenue (ARR) increased to $192.4 million from $117.6 million over the same period.
For the nine months ended September 30, 2025, revenue increased 83% to $163.7 million, and net cash provided by operating activities was $89.0 million.
As of September 30, 2025, Exzeo had cash and cash equivalents of $140.9 million and working capital of $68.7 million.

Dec 10, 2025, 9:15 PM

Press Release

HCI Group Reports Strong Q3 2025 Results and Exio IPO Completion

HCI

Earnings

New Projects/Investments

Debt Issuance

HCI Group reported strong financial results for Q3 2025, with diluted earnings per share of $4.90 and a net combined ratio of 64%. The loss ratio for the quarter was 22%, reflecting lower claim frequency.
The company's balance sheet significantly strengthened, with total shareholders' equity reaching $821 million and book value per share increasing over 50% year-to-date to $63. Long-term debt stood at $32 million, and debt to capital dropped to 8%.
HCI successfully assumed over 47,000 policies from Citizens in October, representing approximately $175 million of in-force premium. The company does not plan to participate in the December assumption from Citizens.
Exio, HCI's internally developed insurance platform, completed its initial public offering earlier this week, issuing 8 million new shares at $21 per share. HCI retained its 75 million shares in Exio, and the IPO is expected to increase HCI's consolidated book value by about $125 million and book value per share by approximately $10 in Q4.

Nov 6, 2025, 9:45 PM

Transcript

HCI Group, Inc. Reports Strong Q3 2025 Financial Results

HCI

Earnings

Revenue Acceleration/Inflection

HCI Group, Inc. reported pre-tax income of $90.6 million and diluted earnings per share of $4.90 for the third quarter of 2025.
Gross premiums earned increased by 13.4% to $301.1 million in the third quarter of 2025, up from $265.5 million in the third quarter of 2024.
The company's book value per share increased to $63.41 at the end of the third quarter of 2025.
The gross loss ratio was 22.0% in the third quarter of 2025, a significant improvement from 39.8% in the third quarter of 2024.

Nov 6, 2025, 9:30 PM

8-K

HCI Group Reports Strong Third Quarter 2025 Results

HCI

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

HCI Group, Inc. reported net income after noncontrolling interests of $65.5 million for the third quarter of 2025, a significant increase from $5.7 million in the third quarter of 2024.
Diluted earnings per share (EPS) for the third quarter of 2025 were $4.90, up from $0.52 in the third quarter of 2024. For the nine months ended September 30, 2025, diluted EPS was $15.47, compared to $8.59 for the same period in 2024.
Gross premiums earned increased by 13.4% to $301.1 million in the third quarter of 2025 from $265.5 million in the prior year, driven by a higher volume of policies in force.
Book value per share at the end of September 30, 2025, was $63.41, compared to $43.45 at the end of September 30, 2024.
The company progressed its initiative to establish Exzeo as an independent, publicly traded entity, which was achieved earlier in the week of the report.

Nov 6, 2025, 9:15 PM

Press Release

Exzeo Group Completes IPO on NYSE

HCI

New Projects/Investments

Exzeo Group raised $168 million by selling 8 million shares at $21 each in its initial public offering, valuing the company at approximately $1.91 billion on its NYSE debut.
HCI Group, the primary owner, retains an 81.5% stake in Exzeo post-IPO.
Exzeo provides insurance technology and operational solutions through its proprietary platform, offering software and analytics tools to streamline operations for property and casualty insurers.
HCI Group has a market capitalization of $2.63 billion, a trailing twelve months revenue of $775.69 million, and a net margin of 18.58%.