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Hci Group Inc   (HCI)
Other Ticker:  
 
 
Price: $111.3600 $-0.44 -0.394%
Day's High: $113 Week Perf: -1.09 %
Day's Low: $ 111.06 30 Day Perf: 17.12 %
Volume (M): 449 52 Wk High: $ 117.65
Volume (M$): $ 49,956 52 Wk Avg: $68.35
Open: $111.24 52 Wk Low: $48.08



 Market Capitalization (Millions $) 1,093
 Shares Outstanding (Millions) 10
 Employees 225
 Revenues (TTM) (Millions $) 508
 Net Income (TTM) (Millions $) 51
 Cash Flow (TTM) (Millions $) -32
 Capital Exp. (TTM) (Millions $) 8

Hci Group Inc

Over the years, we have broadened and diversified our business portfolio through acquisitions to include information technologies and investment real estate. Based on our organizational structure, revenue sources, and evaluation of financial and operating performances by management, we manage our operations under one business segment, which includes the following operations:


Property and casualty insurance

Reinsurance


Real estate

Information technology

Our principal operating subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc. (“HCPCI”), was incorporated and began operations in 2007. Through HCPCI, we currently provide property and casualty insurance to homeowners, condominium owners and tenants residing in Florida.

We face various challenges to implementing our operating and growth strategies. Since we currently write policies that cover Florida homeowners, condominium owners, and tenants, we cover losses that may arise from, among other things, catastrophes, which could have a significant adverse effect on our business, results of operations, and financial condition. To mitigate our risk of such catastrophic losses, we cede a portion of our exposure to reinsurers under contracts called catastrophe excess of loss reinsurance treaties and one quota share arrangement. Even without catastrophic events, we may incur losses and loss adjustment expenses that deviate substantially from our estimates and that may exceed our reserves, in which case our net income and capital would decrease. Our operating and growth strategies may also be impacted by regulation of our business by the State of Florida, which must approve our policy forms and premium rates as well as monitor HCPCI’s compliance with financial and regulatory requirements.

We have a Bermuda domiciled wholly owned reinsurance subsidiary, Claddaugh Casualty Insurance Company Ltd. We selectively retain risk in Claddaugh, displacing the need for HCPCI to pay premiums to third party reinsurers. Claddaugh fully collateralizes its exposure to HCPCI by depositing funds into a trust account. Claddaugh also mitigates a portion of its risk through one retrocession contract.

Our real estate operations consist of real properties we own, operations located at those owned properties and investments in three commercial development projects, two of which are at our own properties and managed through joint ventures.

Our information technology operations include a team of experienced software developers with extensive knowledge in developing web-based products and applications for mobile devices. The operations, which are in Noida, India and in Tampa, Florida, are focused on developing cloud-based, innovative products or services that can be marketed to the public in addition to providing affiliates with back-office technology support services designed to facilitate and improve our ongoing operations. Some of the technologies originally developed in-house for our own insurance operations have been launched for use by third parties.



   Company Address: 3802 Coconut Palm Drive Tampa 33619 FL
   Company Phone Number: 849-9500   Stock Exchange / Ticker: NYSE HCI
   


Customers Net Income fell by HCI's Customers Net Profit Margin fell to

-53.94 %

2.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG   -0.72%    
BRKA   -0.72%    
HIG        0.72% 
L        1% 
PGR        3.75% 
TRV        0.66% 
• View Complete Report
   



Dividend

HCI Group Declares Quarterly Cash Dividend and Shows Impressive Stock Growth, Nearing 52-Week High.

Published Thu, Jan 25 2024 9:15 PM UTC


HCI Group Declares Quarterly Cash Dividend and Shareholder Benefits
TAMPA, Fla., Jan. 25, 2024 - HCI Group, Inc. (NYSE: HCI), a diverse holding company with interests in homeowners insurance, information technology services, real estate, and reinsurance, has announced the declaration of a quarterly cash dividend of 40 cents per common share. This regular dividend, a...

Management Announcement

HCI Group, Inc Boosts Shareholder Confidence through Redemption of Convertible Notes and Robust Dividend Declaration

Published Wed, Jan 10 2024 9:15 PM UTC

HCI Group, Inc. Boosts Shareholder Confidence through Redemption of Convertible Notes and Robust Dividend Declaration
TAMPA, Fla., Jan. 10, 2024 - HCI Group, Inc. (NYSE: HCI), a leading holding company operating in the realms of homeowners insurance, information technology (IT) services, real estate, and reinsurance, has taken significant steps to enhance shareholder con...

Product Service News

HCI Group's Remarkable Rise: Condo Owners Secures Exceptional Rating and Assumes Thousands of Policies from Citizens

Published Tue, Jan 2 2024 9:15 PM UTC

TAMPA, Fla., Jan. 02, 2024 - HCI Group, Inc. (NYSE: HCI), a prominent holding company known for its operations in homeowners insurance, information technology services, real estate, and reinsurance, has recently announced significant achievements that are set to bolster the company's standing in the insurance industry.Condo Owners Reciprocal Exchange, an HCI Group-sponsored ...

Product Service News

HCI Group's TypTap Insurance Assumes $30 Million in Premiums, as Revenue Surges and Net Profit Soars

Published Tue, Dec 19 2023 9:15 PM UTC

HCI Group Insurance Subsidiary Assumes $30 Million of In-Force Premium from Citizens, Consolidated In-Force Premium Reaches $1 Billion
TAMPA, Fla., Dec. 19, 2023 - HCI Group, Inc. (NYSE: HCI), a diversified holding company operating in various sectors including homeowners insurance, information technology services, real estate, and reinsurance, made a significant announc...

Stock Market Announcement

HCI Group, Inc.
Enhances Shareholders' Confidence with Successful Public Offering, Bolsters Market Position

Published Mon, Dec 11 2023 10:26 PM UTC

HCI Group, Inc. Closes Successful Public Offering, Enhancing Shareholders' Confidence

TAMPA, Fla., Dec. 11, 2023 - HCI Group, Inc. (NYSE: HCI), a leading holding company operating in homeowners insurance, information technology services, real estate, and reinsurance, recently concluded its underwritten public offering, resulting in significant benefits for its shar...






 

Hci Group Inc's Segments
 
 
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