HCI Group Inc (N:HCI)
Business Focus: Property & Casualty Insurance
| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3802 Coconut Palm Drive TAMPA FL 33619 |
| Tel: | N/A |
| Website: | https://hcigroup.com |
| IR: | See website |
| Key People | ||
| Paresh Patel Chairman of the Board, Chief Executive Officer | James Mark Harmsworth Chief Financial Officer | Karin Sue Coleman Chief Operating Officer, Director, President of Homeowners Choice | Andrew L. Graham Vice President, General Counsel, Corporate Secretary |
| Business Overview |
| HCI Group, Inc. is engaged in property and casualty insurance, information technology services, insurance management, real estate and reinsurance. The Company's segments include HCPCI insurance operations, TypTap Group, real estate operations, and corporate and other. HCPCI insurance operations segment includes property and casualty insurance, which provides various forms of residential insurance products such as homeowners insurance, fire insurance, flood insurance and wind-only insurance to homeowners, condominium owners and tenants, and reinsurance and other auxiliary operations, which operates through its subsidiary, Claddaugh Casualty Insurance Company Ltd. TypTap Group segment is engaged in the property and casualty insurance business, focusing on standalone flood and homeowners multi-peril policies, and is uses internally developed technology to collect and analyze claims and other supplemental data to generate savings and efficiency for its insurance operations. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, HCI Group Inc revenues increased 10% to $550.7M. Net income applicable to common stockholders totaled $76.4M vs. loss of $55M. Revenues reflect TypTap Group segment increase of 24% to $247.2M, Corporate/Other segment increase of 60% to $10.4M. Net Income reflects Policy acquisition and other underwritin decrease of 13% to $90.8M (expense). |
| Employees: | 547 as of Feb 17, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $774.88M as of Dec 31, 2023 |
| Annual revenue (TTM): | $550.67M as of Dec 31, 2023 |
| EBITDA (TTM): | $136.95M as of Dec 31, 2023 |
| Net annual income (TTM): | $76.41M as of Dec 31, 2023 |
| Free cash flow (TTM): | $210.44M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 9,979,720 as of Mar 1, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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