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 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 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 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 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 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 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 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 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 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 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 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, 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...
A director at HCI Group Inc bought 1,000 shares at 114.900USD and the significance rating of the trade was 40/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
HCI Group Sets 2024 Annual Shareholders Meeting and Record Date TAMPA, Fla., March 26, 2024 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, will hold its Annual Meeting of Shareholders on Tuesday, June 11, 2024, at 3:00 p.m. Eastern time in the 1st Floor Auditorium of HCI’s headquarters at 3802 Coconut Palm Drive, Tampa, Florida. Shareholders of record at the close of business on Monday, April 15, 2024, will be entitled to vote and attend the meeting. Items of business will include...
HCI Group Reports Fourth Quarter and Full Year 2023 Results Fourth Quarter Diluted EPS of $3.40Fourth Quarter Gross Loss Ratio of 30.4%Fourth Quarter Pre-Tax Income of $54.2 million TAMPA, Fla., March 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 $54.2 million and net income of $40.9 million, or $3.40 diluted earnings per share, in the fourth quarter of 2023, compared with net income of $2.7 million, or $0.18 diluted earnings pe...
HCI Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Thursday, March 7 at 4:45 p.m. ET TAMPA, Fla., Jan. 31, 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, March 7th at 4:45 p.m. Eastern time to discuss results for the fourth quarter and year ended December 31, 2023. 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 ques...
HCI Group Declares Quarterly Cash Dividend TAMPA, Fla., Jan. 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 March 15, 2024 to shareholders of record at the close of business February 16, 2024. About HCI Group, Inc.HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including homeo...
HCI Group Takes Strategic Steps to Better Position Company for Future Opportunities TAMPA, Fla., Jan. 22, 2024 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, along with its majority owned subsidiary, TypTap Insurance Group, Inc., announced today the undertaking of several strategic steps designed to increase operational and capital flexibility and to better position the company for future growth opportunities. These steps include the modification of the company’s relationship with ...
HCI Group to Redeem 4.25% Convertible Senior Notes TAMPA, Fla., Jan. 10, 2024 (GLOBE NEWSWIRE) -- (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has notified holders of its 4.25% Convertible Senior Notes that it has elected to redeem the remaining $24 million principal balance of the Notes. The redemption date is March 15, 2024. As a result of this notice, the Notes became immediately convertible into HCI common shares. The current conversion rate, which is subject to adjustment, is 16.5893 common sha...
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