Every material Form 8-K HCI Group has filed with the SEC since February 27, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
HCI Group reported third-quarter 2026 pre-tax income of $116 million and diluted earnings per share of $6.45, up from $91 million and $4.90 a year earlier. Gross premiums earned rose 5% to $316 million, and the gross loss ratio improved to 20.7% from 22.0%, so profit grew faster than premiums.
Q3 diluted EPS was $6.45 versus $4.90 in Q3 2025; net income after noncontrolling interests was $83 million versus $66 million.
Gross premiums earned were $316 million, up 5%; the gross loss ratio was 20.7% versus 22.0%.
Nine-month diluted EPS was $17.48 versus $15.47 for the same period of 2025.
The $80 million share repurchase program, announced March 3, 2026, was completed July 17, 2026, with 504,330 shares bought in total.
HCI Group reported second-quarter 2026 pre-tax income of $111 million and net income after noncontrolling interests of $74 million, both up from the prior-year quarter. Diluted earnings per share rose to $5.60 from $5.18, and gross premiums earned increased 6% to $321 million, which shareholders can weigh against a gross loss ratio that rose to 22.2% from 21.3%.
Q2 2026 pre-tax income was $111 million, versus $94 million in Q2 2025.
Net income after noncontrolling interests was $74 million, versus $66 million; diluted EPS was $5.60, versus $5.18.
Gross premiums earned rose 6% to $321 million; gross loss and loss adjustment expense ratio was 22.2%, versus 21.3%.
HCI completed its $80 million share repurchase program on July 17, 2026, repurchasing 504,330 shares in total.
HCI Group's compensation committee established a compensation plan for its non-employee directors on June 11, 2026, as disclosed in a filing dated June 15, 2026. Each director will receive $100,000 in cash annually, paid quarterly, plus 750 restricted common shares that cannot be transferred until May 27, 2027, while directors keep dividend and ownership rights during the restriction period.
Annual cash retainer of $100,000 per non-employee director, payable quarterly
750 restricted common shares per director, subject to transfer restrictions until May 27, 2027
Directors are entitled to dividends and other ownership rights during the restriction period
Plan established by the compensation committee on June 11, 2026
HCI Group and its insurance subsidiaries and sponsored reciprocal insurers placed three reinsurance towers covering June 1, 2026 through May 31, 2027 to mitigate catastrophe risk such as hurricanes. HCI expects net reinsurance premiums ceded to third parties, excluding its reinsurance subsidiaries, of about $381.2 million for the period, an estimate subject to a true-up on September 30, 2026.
Reinsurance Tower 1 provides up to $1.06 billion for a single Florida event and $1.96 billion total coverage, with a $10.0 million retention.
Tower 2 provides up to $830.3 million for a single Florida event and $605.0 million for a single event outside Florida, with $1.45 billion total coverage.
Tower 3 provides up to $431.5 million for a single Florida event and $649.7 million total coverage, with a $2.8 million retention.
Claddaugh and Fortex Re maximum estimated retained loss is about $139.8 million for the first event and $52.3 million for the second event.
HCI Group reported first-quarter 2026 results for the three months ended March 31, 2026. Pre-tax income rose to $115 million from $100 million, and diluted earnings per share were $5.45 compared with $5.35 a year earlier, while gross premiums earned grew to $326 million from $300 million.
Net income was $85 million, up from $74 million; net income after noncontrolling interests was $73 million, up from $70 million.
Gross premiums earned were $326 million versus $300 million, driven by a higher volume of policies in force.
Losses and loss adjustment expenses rose to $66 million from $59 million; the gross loss ratio was 20.1% versus 19.7% a year earlier.
Under a program announced March 3, 2026 for up to $80 million of buybacks through February 27, 2027, HCI repurchased $17.5 million of stock in Q1 and $37.5 million through April 30, 2026.
HCI Group reported fourth-quarter 2025 pre-tax income of $144 million and diluted earnings per share of $7.25, compared with $6 million pre-tax and $0.23 per share a year earlier. For full-year 2025, pre-tax income was $429 million and diluted EPS was $22.72, versus $8.89 in 2024, with lower hurricane-related losses a key factor in the improvement. The company also said it plans a share buyback program, which it has not yet announced.
Q4 2025 gross premiums earned were $332 million, up from $297 million in Q4 2024.
Q4 2025 gross loss ratio was 15.6%, compared with 37.2% in Q4 2024, which included a net $78 million loss from Hurricane Milton.
Full-year 2025 net income after noncontrolling interests was $299 million, compared with $110 million in 2024.
Management said it plans a share buyback program that is soon to be announced; the filing gives no amount.
HCI Group's majority-owned subsidiary Exzeo Group signed an employment agreement with Paresh Patel, who is also HCI's chief executive, effective January 1, 2026, with a base salary of $950,000 a year and 12 months of base salary as severance in certain termination cases. Exzeo also awarded Patel a $3,750,000 cash bonus on December 19, 2025, and Patel adopted a trading plan to buy up to 100,000 shares or $2 million of Exzeo common stock.
Employment agreement dated December 9, 2025, effective January 1, 2026, sets a base salary of $950,000 per year
Severance equal to 12 months of base salary, paid over 12 months, applies on termination without cause, for Good Reason, or within 180 days after a Change of Control, in exchange for a release of claims
Exzeo awarded a $3,750,000 cash bonus on December 19, 2025, payable before December 31, 2025
Patel's Rule 10b5-1 plan, entered December 18, 2025, covers purchases of up to 100,000 shares or $2 million of Exzeo common stock and runs to December 18, 2026 at most
HCI Group's compensation committee awarded cash bonuses on December 11, 2025, and set new annual salaries effective January 1, 2026, for five executives, including CEO Paresh Patel. The filing also grants restricted stock to three named executives and one other officer, vesting over three years, and the bonuses are to be paid before December 31, 2025. The filing is a routine compensation disclosure with no stated effect on company financial results.
CEO Paresh Patel: $950,000 base salary and $3,200,000 cash bonus
Karin Coleman (COO) and James Mark Harmsworth (CFO) each received a $250,000 cash bonus; Coleman's base salary is $700,000 and Harmsworth's is $625,000
Coleman, Harmsworth and General Counsel Andrew L. Graham each received 1,251 shares; Anthony Saravanos received 621 shares, all vesting in equal installments over three years
HCI Group reported third-quarter 2025 pre-tax income of $90.6 million and diluted earnings per share of $4.90, compared with $14.1 million and $0.52 a year earlier. The company said the gain reflects higher premiums and lower catastrophe-related losses, and that book value per share rose to $63.41 from $43.45. The company also said the separation of Exzeo as an independent, publicly traded entity was completed earlier in the week.
Third-quarter pre-tax income was $90.6 million versus $14.1 million; net income after noncontrolling interests was $65.5 million versus $5.7 million.
Diluted EPS was $4.90 versus $0.52 in the third quarter of 2024.
Gross premiums earned rose 13.4% to $301.1 million; the gross loss ratio fell to 22.0% from 39.8%, reflecting lower catastrophic event activity.
Book value per share was $63.41 at September 30, 2025, versus $43.45 a year earlier.
HCI Group's majority-owned subsidiary, Exzeo Group, disclosed preliminary, unaudited estimates for the three and nine months ended September 30, 2025, in an amendment to its Form S-1 filed October 16, 2025. Exzeo's financial closing procedures are not complete, so actual results may differ, and its auditor, Forvis Mazars, has not reviewed the figures. The filing gives no prior-period comparisons.
Estimated revenue: $53.5 million to $56.8 million for the three months and $162.0 million to $165.3 million for the nine months ended September 30, 2025
Estimated net income after tax: $20.1 million to $22.2 million for the three months and $59.7 million to $61.8 million for the nine months
Figures are unaudited, based on preliminary estimates, and subject to completion of financial closing procedures
Forvis Mazars, LLP has not audited, reviewed, or provided assurance on the preliminary information
HCI Group reported second-quarter 2025 results, with net income after noncontrolling interests of $66.2 million, up from $54.1 million a year earlier. Gross premiums earned rose 14.8% to $302.6 million, and the gross loss ratio improved to 21.3% from 29.7%, which the company attributed to a decline in claims and litigation frequency.
Diluted EPS was $5.18 in Q2 2025, compared with $4.24 in Q2 2024.
Gross premiums earned increased 14.8% to $302.6 million from $263.6 million, driven by more policies in force.
Losses and loss adjustment expenses fell to $64.5 million from $78.3 million despite higher premiums.
Book value per share was $58.55 at June 30, 2025, up from $42.72 a year earlier.
HCI Group's compensation committee set a new annual pay plan for its non-employee directors on July 21, 2025. Each director will receive $100,000 in cash, paid quarterly, plus 750 restricted common shares that cannot be transferred until May 22, 2026. The filing is a routine governance disclosure that sets director compensation terms for shareholders to review.
Plan established by the compensation committee on July 21, 2025
Annual cash retainer of $100,000 per non-employee director, payable quarterly
750 restricted common shares per director, transfer restricted until May 22, 2026
Directors receive dividends and other ownership rights during the restriction period
HCI and its four insurance companies secured three reinsurance towers covering June 1, 2025 through May 31, 2026, with the Florida Hurricane Catastrophe Fund and private reinsurers as counterparties. HCI expects net reinsurance premiums ceded to third parties, excluding Claddaugh, of approximately $422 million for the period, an estimate subject to true-up at September 30, 2025. The filing describes a routine annual renewal, with the premium cost and coverage limits being the main points for shareholders.
Program covers June 1, 2025 through May 31, 2026 for Homeowners Choice, TypTap, CORE and Tailrow.
Total coverage is $1.86 billion for Tower 1, $1.40 billion for Tower 2 and $245 million for Tower 3.
Expected net reinsurance premiums ceded to third parties, excluding Claddaugh, are approximately $422 million.
Premium estimate is subject to true-up at September 30, 2025.
HCI Group reported first quarter 2025 pre-tax income of $100.3 million and net income after noncontrolling interests of $69.7 million, up from $47.6 million a year earlier. The board is pursuing a potential tax-free spin-off of its Exzeo Group unit to existing HCI shareholders, targeted for completion by the end of 2025, subject to customary conditions.
Diluted EPS was $5.35 in Q1 2025 versus $3.81 in Q1 2024
Gross premiums earned rose 17.0% to $300.4 million, driven mainly by policies assumed from Citizens Property Insurance Corporation
Losses and loss adjustment expenses fell to $59.3 million from $79.9 million; gross loss ratio was 19.7% versus 31.1%
Potential Exzeo spin-off targeted for completion by the end of 2025; IRS tax-free treatment is not assured
HCI Group, Inc. disclosed that director Lauren Valiente notified the board chairman in writing on April 9, 2025 that she will not seek reelection. The filing gives no reason for her decision and does not name a successor, so the change is administrative in nature for shareholders at this stage.
Director Lauren Valiente notified the chairman of the board in writing on April 9, 2025.
She will not seek reelection to the board of directors.
The 8-K was signed by General Counsel Andrew L. Graham and dated April 10, 2025.
The filing does not state a reason for the decision or name a replacement.
HCI Group reported fourth-quarter 2024 net income after noncontrolling interests of $2.6 million, down from $38.1 million a year earlier, as losses from Hurricane Milton and higher ceded reinsurance premiums cut profit. For the full year, pre-tax income rose to $173.4 million and diluted EPS rose to $8.89 from $7.62, and the company said it plans to keep rates flat for the foreseeable future.
Q4 2024 GAAP diluted EPS was $0.23, versus $3.40 in Q4 2023; non-GAAP adjusted diluted EPS was $0.31, versus $3.22.
Q4 2024 losses and loss adjustment expenses were $110.7 million, including a net loss of $78.0 million from Hurricane Milton.
Full-year 2024 total revenue was $750.1 million, up from $550.7 million in 2023, and consolidated gross premiums earned rose 41.5% to $1,083.2 million.
The company will hold its earnings call on February 27, 2025 at 4:45 p.m. Eastern time.
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