reports
Greenleaf Capital, the Real Estate Division of HCI Group, Enters Into ...
Greenleaf Capital, the Real Estate Division of HCI Group, Enters Into New Multi-Year Lease Agreement for Office Campus in Tampa TAMPA, Fla., March 28, 2025 (GLOBE NEWSWIRE) -- (NYSE: HCI) announced today that GEICO has signed a multi-year lease agreement to fully occupy a three building campus in Tampa, Florida owned as an investment property by Greenleaf Capital, the company’s real-estate division. “We are excited to secure a long-term tenant who plans to bring more than 1,000 new jobs to our local community,” said Paresh Patel, HCI’s chairman and chief executive officer. Greenleaf ac...
HCI Group Revamps Operating Structure and Introduces Exzeo Group Inc.
HCI Group Revamps Operating Structure and Introduces Exzeo Group Inc. TAMPA, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- (NYSE: HCI) announced today a streamlined organizational structure to better align the long-term potential of the company. HCI will be organized into two distinct operating units, with each unit having defined management teams and operational objectives. “Each operating unit is financially strong, and we believe this new structure will enable both to pursue their growth and profitability objectives more effectively,” said Paresh Patel, HCI’s chairman and chief executiv...
HCI Group Reports Fourth Quarter 2024 Results
HCI Group Reports Fourth Quarter 2024 Results Fourth Quarter Pre-Tax Income of $5.9 million and Diluted EPS of $0.23 Full Year 2024 Pre-Tax Income of $173.4 million and Diluted EPS of $8.89 TAMPA, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) reported pre-tax income of $5.9 million and net income of $4.1 million in the fourth quarter of 2024. Net income after noncontrolling interests was $2.6 million compared with $38.1 million in the fourth quarter of 2023. Diluted earnings per share were $0.23 in the fourth quarter of 2024, compared with $3.40 diluted earnings per ...
Tailrow Reciprocal Exchange, an HCI Group Sponsored Insurer, Assumes J...
Tailrow Reciprocal Exchange, an HCI Group Sponsored Insurer, Assumes Just Under 14,000 Policies from Citizens, Representing Approximately $35 Million in Premium TAMPA, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that Tailrow Insurance Exchange, an HCI-sponsored reciprocal insurer with plans to write personal residential policies, has successfully assumed just under 14,000 policies from Citizens Property Insurance Corporation, Florida’s state-b...
HCI Group Declares Quarterly Cash Dividend
HCI Group Declares Quarterly Cash Dividend TAMPA, Fla., Feb. 04, 2025 (GLOBE NEWSWIRE) -- The board of directors of (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share. The dividend is scheduled to be paid March 21, 2025 to shareholders of record at the close of business February 21, 2025. About HCI Group, Inc.HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including homeo...
HCI Group Sets Fourth Quarter and Full Year 2024 Earnings Call for Thu...
HCI Group Sets Fourth Quarter and Full Year 2024 Earnings Call for Thursday, February 27, 2025, at 4:45 p.m. ET TAMPA, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, will hold a conference call on Thursday, February 27, 2025, at 4:45 p.m. Eastern time to discuss results for the fourth quarter and year ended December 31, 2024. Financial results will be issued in a press release the same day after the close of the market. HCI management will host the presentation...
HCI Group’s 4.75% Convertible Senior Notes Due 2042 Became Convertible...
HCI Group’s 4.75% Convertible Senior Notes Due 2042 Became Convertible on January 1, 2025 TAMPA, Fla., Jan. 02, 2025 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has announced that its 4.75% Convertible Senior Notes Due 2042 became convertible by all Holders on January 1, 2025. The terms of the Notes provide that the Notes will become convertible during a quarter, when the HCI closing share price for 20 trading days during the final 30 trading days of the immediately preceding q...
HCI Group Reports Third Quarter 2024 Results
HCI Group Reports Third Quarter 2024 Results Pre-Tax Income of $14.1 millionDiluted EPS of $0.52 TAMPA, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported pre-tax income of $14.1 million and net income of $9.4 million in the third quarter of 2024. Net income after noncontrolling interests was $5.7 million compared with $13.2 million in the third quarter of 2023. Diluted earnings per share were $0.52 in the third quarter of 2024, com...
HCI Group Declares Quarterly Cash Dividend
HCI Group Declares Quarterly Cash Dividend TAMPA, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- The board of directors of (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share. The dividend is scheduled to be paid December 20, 2024 to shareholders of record at the close of business November 15, 2024. About HCI Group, Inc.HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including ho...
HCI Group Assumes Over 42,000 Policies from Citizens, Representing App...
HCI Group Assumes Over 42,000 Policies from Citizens, Representing Approximately $200 Million in Premium TAMPA, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that its insurance subsidiaries have successfully assumed over 42,000 policies from Citizens Property Insurance Corporation, Florida’s state-backed insurance company. The policies assumed represent approximately $200 million of in-force premium. “We successfully navigated a highly competit...
HCI Group Sets Third Quarter 2024 Earnings Call for Thursday, November...
HCI Group Sets Third Quarter 2024 Earnings Call for Thursday, November 7, 2024, at 4:45 p.m. ET TAMPA, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, will hold a conference call on Thursday, November 7, 2024, at 4:45 p.m. Eastern time to discuss results for the third quarter ended September 30, 2024. Financial results will be issued in a press release the same day after the close of the market. HCI management will host the presentation, followed by a question-a...
HCI Group Provides Hurricane Season Update
HCI Group Provides Hurricane Season Update TAMPA, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today the estimated losses attributable to Hurricanes Debby, Helene, and Milton. “Our policyholders have experienced three major catastrophe events over the past few months. We are responding to the needs of our policyholders and ensuring that their claims are handled quickly and efficiently,” said HCI’s Chairman and Chief Executive Officer Paresh Patel. “...
HCI Group Reports Second Quarter 2024 Results
HCI Group Reports Second Quarter 2024 Results Pre-Tax Income of $76 millionDiluted EPS of $4.24Gross Loss Ratio of 29.7% TAMPA, Fla., Aug. 08, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported pre-tax income of $76.0 million and net income of $57.1 million in the second quarter of 2024. Net income after noncontrolling interests was $54.1 million compared with $12.4 million in the second quarter of 2023. Diluted earnings per share were $4.24 in the second q...
HCI Group Sets Second Quarter 2024 Earnings Call for Thursday, August ...
HCI Group Sets Second Quarter 2024 Earnings Call for Thursday, August 8, 2024, at 4:45 p.m. ET TAMPA, Fla., July 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, will hold a conference call on Thursday, August 8, 2024, at 4:45 p.m. Eastern time to discuss results for the second quarter ended June 30, 2024. Financial results will be issued in a press release the same day after the close of the market. HCI management will host the presentation, followed by a question-and-an...
HCI Group Declares Quarterly Cash Dividend
HCI Group Declares Quarterly Cash Dividend TAMPA, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- The board of directors of (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share. The dividend is scheduled to be paid September 20, 2024 to shareholders of record at the close of business August 16, 2024. About HCI Group, Inc.HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including hom...
HCI Group Completes its 2024 – 2025 Catastrophe Reinsurance Programs
HCI Group Completes its 2024 – 2025 Catastrophe Reinsurance Programs TAMPA, Fla., May 30, 2024 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that it has completed its catastrophe reinsurance programs for the 2024-2025 treaty year, which runs from June 1, 2024 through May 31, 2025. “We appreciate the broad support we received from our valued reinsurance partners,” said Paresh Patel, HCI’s chairman and chief executive officer. “HCI continues to maintain a conservati...
HCI Group Reports First Quarter 2024 Results
HCI Group Reports First Quarter 2024 Results First Quarter Pre-Tax Income of $77.4 millionFirst Quarter Diluted EPS of $3.81First Quarter Gross Loss Ratio of 31.1% TAMPA, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported pre-tax income of $77.4 million and net income of $57.0 million, or $3.81 diluted earnings per share, in the first quarter of 2024, compared with net income of $17.8 million, or $1.54 diluted earnings per share, in the first ...
HCI Group Declares Quarterly Cash Dividend
HCI Group Declares Quarterly Cash Dividend TAMPA, Fla., April 25, 2024 (GLOBE NEWSWIRE) -- The board of directors of (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share. The dividend is scheduled to be paid June 21, 2024 to shareholders of record at the close of business May 17, 2024. About HCI Group, Inc.HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including homeowners...
HCI Group Announces Five-Year Employment Agreement with Chief Executiv...
HCI Group Announces Five-Year Employment Agreement with Chief Executive Officer TAMPA, Fla., April 23, 2024 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that it has entered into a new Executive Employment Agreement with its Chairman and Chief Executive Officer, Paresh Patel. The new agreement secures Mr. Patel’s leadership for at least an additional five years. Mr. Patel’s proven success over HCI’s 17-year history has seen the Company grow to over $1 billion in a...
HCI Group Sets First Quarter 2024 Earnings Call for Wednesday, May 8, ...
HCI Group Sets First Quarter 2024 Earnings Call for Wednesday, May 8, 2024, at 4:45 p.m. ET TAMPA, Fla., April 11, 2024 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, will hold a conference call on Wednesday, May 8, 2024, at 4:45 p.m. Eastern time to discuss results for the first quarter ended March 31, 2024. Financial results will be issued in a press release the same day after the close of the market. HCI management will host the presentation, followed by a question-and-answer p...
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