Every material Form 8-K HCI Group filed with the SEC in 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'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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every HCI Group filing is on SEC EDGAR ↗. 8-K briefs of other companies →