HCI Group
Florida-focused homeowners insurer with carrier software and reciprocal-exchange operations.
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Profile
Underwrites homeowners property-and-casualty policies through Homeowners Choice and TypTap, primarily in Florida, while controlling Exzeo's carrier software platform and managing the CORE and Tailrow reciprocal exchanges. Insurance premiums and service fees support a model exposed to hurricane losses, reinsurance costs and Florida insurance regulation.
Underwrites homeowners property-and-casualty coverage through Homeowners Choice and TypTap, with Florida as the primary market and additional business across the Northeast and Southeast. Insurance operations include captive reinsurance, while majority-owned Exzeo supplies quoting, underwriting, policy-administration, claims, reporting and reinsurance-placement tools to affiliated and outside carriers.
Also manages policyholder-owned CORE and Tailrow reciprocal exchanges as attorney-in-fact and operates a Florida commercial real estate portfolio. The model combines independent-agent distribution with proprietary software and data analytics for risk selection and carrier workflows. Results remain concentrated in Florida property insurance, where hurricane losses, reinsurance availability and cost, regulator-approved rates and forms, and Citizens policy assumptions shape underwriting volume and earnings.
Company facts
Key statistics
Year to date +1.3% · Average volume (30d) 156.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jul 9, 2026 | Cantor Fitzgerald | Initiate | Overweight | $225 | |
| Nov 13, 2025 | Oppenheimer | Downgrade | Outperform | Perform | |
| May 30, 2025 | Compass Point | Upgrade | Neutral | Buy | |
| Oct 21, 2024 | Compass Point | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $5.04 | $5.60 | +11.1% | $247.4M | $246.7M | −0.3% | +4.31% |
| May 6, 2026Q1 FY26 | $5.13 | $5.45 | +6.2% | $245.1M | $242.9M | −0.9% | −0.71% |
| Feb 25, 2026Q4 FY25 | $4.87 | $7.25 | +48.9% | $232.4M | $246.2M | +6.0% | +4.10% |
| Nov 6, 2025Q3 FY25 | $2.44 | $4.90 | +100.8% | $232.4M | $216.4M | −6.9% | −6.98% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $217.1M | $222.0M | $216.4M | $246.2M | $242.9M | $246.7M | |
| Gross profit | $130.5M | $126.9M | $118.6M | $194.3M | $177.3M | $175.6M | |
| Operating income | $100.3M | $94.4M | $90.6M | $144.0M | $115.4M | $111.0M | |
| Net income | $69.7M | $66.2M | $65.5M | $97.7M | $73.4M | $73.8M | |
| Diluted EPS | $5.35 | $5.18 | $4.90 | $8.38 | $5.45 | $5.60 | |
| Gross margin | 60.1% | 57.2% | 54.8% | 78.9% | 73.0% | 71.2% | |
| Operating margin | 46.2% | 42.5% | 41.9% | 58.5% | 47.5% | 45.0% |
Fiscal years (4-quarter sums)FY21 $402.6M · FY22 $492.0M · FY23 $550.0M · FY24 $749.5M · FY25 $901.7M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $942.7M · Total debt $67.5M · Total assets $2.65B · Shareholders' equity $1.08B
Dividends
Raised for 14 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 21, 2026 | Aug 21 | Sep 18 | $0.40 | |
| May 15, 2026 | May 15 | Jun 18 | $0.40 | |
| Feb 20, 2026 | Feb 20 | Mar 20 | $0.40 | |
| Nov 21, 2025 | Nov 21 | Dec 19 | $0.40 | |
| Aug 15, 2025 | Aug 15 | Sep 19 | $0.40 | |
| May 16, 2025 | May 16 | Jun 20 | $0.40 | |
| Feb 21, 2025 | Feb 21 | Mar 21 | $0.40 | |
| Nov 15, 2024 | Nov 15 | Dec 20 | $0.40 |
Ownership
Shares outstanding 12.76M · Float 10.94M · 85.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.84M | 14.44% | 13F | Aug 7, 2026 |
| Khrom Capital Management LLC | 690.7K | 5.41% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 477.7K | 3.74% | 13F | Aug 13, 2026 |
| State Street Corp | 424.6K | 3.33% | 13F | Aug 7, 2026 |
| American Century Companies Inc | 415.7K | 3.26% | 13F | Aug 12, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Universal Insurance
Largest organic FL homeowners pure-play; 8% FL share, 19-state footprint
- Heritage Insurance
Tampa-HQ super-regional coastal homeowners specialist; ~$1.4B in-force
- Kingstone Companies
Northeast NY-focused personal lines homeowners carrier; coastal wind core
- Palomar
Specialty cat-exposed insurer; earthquake, Hawaii hurricane, FL E&S, flood
- Hippo
Tech-driven homeowners + Spinnaker fronting platform; new-construction core
- Lemonade
AI-native digital P&C carrier; renters, HO, car, pet; no FL homeowners
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| HCI Group | $186.29 | +0.05% | $2.38B | 7.7 | 9.3 | 2.5 | +11.2% |
| Universal Insurance | $43.43 | +0.12% | $1.21B | 5.7 | 9.4 | 0.7 | +55.3% |
| Heritage Insurance | $34.77 | +2.74% | $1.03B | 4.8 | 6.7 | 1.3 | +3.0% |
| Kingstone Companies | $20.00 | 0.00% | $289.7M | 8.3 | 7.0 | 1.3 | +38.6% |
| Palomar | $131.63 | −0.11% | $3.49B | 17.7 | 12.3 | 3.2 | +210.1% |
| Hippo | $33.18 | −0.06% | $875.6M | 7.1 | 25.6 | 1.7 | +23.4% |
| Lemonade | $53.10 | +0.23% | $4.07B | — | — | 4.4 | +79.4% |
| Median | 7.1 | 9.4 | 1.5 | +47.0% |