{"success":true,"data":{"pressRelease":{"id":"112170","rtpr_id":"nGNX2R8rYc","ticker":"HCI","exchange":"NYSE","all_tickers":["HCI"],"title":"HCI Group Reports Second Quarter 2026 Results","author":"Globe Newswire","published_at":"2026-08-06T20:15:00.723Z","article_body":"Second Quarter Pre-Tax Income of $111 million\nDiluted EPS of $5.60\nGross Loss Ratio of 22%\n\nTAMPA, Fla., Aug. 06, 2026 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI),\nreported pre-tax income of $111 million and net income of $83 million in the\nsecond quarter of 2026 compared with pre-tax income of $94 million and net\nincome of $70 million in the second quarter of 2025. Net income after\nnoncontrolling interests in the second quarter of 2026 was $74 million\ncompared with $66 million in the second quarter of 2025. Diluted earnings per\nshare were $5.60 in the second quarter of 2026 compared with $5.18 diluted\nearnings per share in the second quarter of 2025.\n\nManagement Commentary\n“HCI Group capped a strong start to the year delivering record second\nquarter financial results for the first half of 2026,” said HCI Group\nChairman and Chief Executive Officer Paresh Patel. “Our focus continues to\nbe on achieving exceptional performance in all types of operating\nenvironments.”\n\nSecond Quarter 2026 Results\nGross premiums earned in the second quarter of 2026 were $321 million compared\nwith $303 million in the second quarter of 2025. The increase of 6% was driven\nby a higher volume of insurance policies in force while average premium per\npolicy remained relatively consistent.\n\nPremiums ceded for reinsurance in the second quarter of 2026 were $102 million\ncompared with $103 million in the second quarter of 2025. The decrease was a\nresult of the lower costs associated with the company’s new 2026-2027\ncatastrophe reinsurance programs, which began on June 1, 2026.\n\nNet investment income in the second quarter of 2026 was $19 million compared\nwith $16 million in the second quarter of 2025. The increase was driven by\ngrowth in invested assets.\n\nOther revenue in the second quarter of 2026 was $5 million compared with $3\nmillion in the second quarter of 2025. The increase was primarily driven by\nthe addition of new insurance carrier customers to Exzeo's insurance\ntechnology platform.\n\nLosses and loss adjustment expenses in the second quarter of 2026 were $71\nmillion compared with $64 million in the second quarter of 2025. The increase\nwas driven largely by a higher volume of policies in force. The gross loss and\nloss adjustment expense ratio for the second quarter of 2026 was 22.2%.\n\nPolicy acquisition and other underwriting expenses in the second quarter of\n2026 were $32 million compared with $31 million in the second quarter of 2025.\nThe increase was driven by a greater amount of premiums in force.\n\nGeneral and administrative personnel expenses in the second quarter of 2026\nwere $24 million compared with $20 million in the second quarter of 2025. The\nincrease was driven by additional personnel, annual merit increases, and\nstock-based compensation.\n\nSix Months Ended June 30, 2026 Results\nFor the six months ended June 30, 2026, HCI Group reported pre-tax income of\n$226 million and net income of $168 million compared with pre-tax income of\n$195 million and net income of $145 million for the six months ended June 30,\n2025. Net income after noncontrolling interests was $147 million compared with\n$136 million for the six months ended June 30, 2025. Diluted earnings per\nshare were $11.05 for the six months ended June 30, 2026, compared with $10.57\nfor the six months ended June 30, 2025.\n\nGross premiums earned for the six months ended June 30, 2026 were $647 million\ncompared with $603 million for the six months ended June 30, 2025. The\nincrease of 7% was driven by a higher volume of insurance policies in force\nwhile average premium per policy remained relatively consistent.\n\nPremiums ceded for reinsurance for the six months ended June 30, 2026 were\n$206 million compared with $202 million for the six months ended June 30,\n2025. The increase was a result of a higher number of policies in force and\npartially offset by the company’s new 2026-2027 catastrophe reinsurance\nprograms, which started on June 1, 2026.\n\nNet investment income for the six months ended June 30, 2026 was $36 million\ncompared with $30 million for the six months ended June 30, 2025. The increase\nwas driven by growth in invested assets.\n\nOther revenue for the six months ended June 30, 2026 was $8 million compared\nwith $3 million for the six months ended June 30, 2025. The increase was\nprimarily driven by the addition of new insurance carrier customers to Exzeo's\ninsurance technology platform.\n\nLosses and loss adjustment expenses for the six months ended June 30, 2026\nwere $137 million compared with $124 million for the six months ended June 30,\n2025. The increase was largely driven by a higher volume of policies in force.\nThe gross loss and loss adjustment expense ratio for the six months ended June\n30, 2026 was 21.1%.\n\nPolicy acquisition and other underwriting expenses for the six months ended\nJune 30, 2026 were $64 million compared with $58 million for the six months\nended June 30, 2025. The increase was driven by a greater amount of premiums\nin force.\n\nGeneral and administrative personnel expenses for the six months ended June\n30, 2026 were $46 million compared with $40 million for the six months ended\nJune 30, 2025. The increase was driven by additional personnel, annual merit\nincreases, and stock-based compensation.\n\nShare Repurchase\nOn March 3, 2026, HCI Group announced a share repurchase program to repurchase\nup to $80 million of shares of HCI common stock through February 27, 2027. In\nthe second quarter of 2026, HCI Group repurchased 363,538 shares for $57.0\nmillion. During the first six months of 2026, HCI Group repurchased 473,609\nshares for $74.5 million. The share repurchase program was completed on July\n17, 2026, with a total of 504,330 shares repurchased for $80.0 million.\n\nConference Call\nHCI Group will hold a conference call later today, August 6, 2026, to discuss\nthese financial results. Chairman and Chief Executive Officer Paresh Patel,\nChief Operating Officer Karin Coleman and Chief Financial Officer Mark\nHarmsworth will host the call starting at 4:45 p.m. Eastern Time.\n\nInterested parties can listen to the live presentation by dialing the\nlisten-only number below or by clicking the webcast link available on the\nInvestor Information\n(https://www.globenewswire.com/Tracker?data=GHyGGZm3M8oMZzUFC5rWpBxMN-2wxok90lMiMM77xDzY61CcQuIz-gHgczDkhPe26FcwfPQ1rZj4RbgY25TC1nZKUgCp-fq6yx_8M2r4SDg=)\nsection of the company's website at www.hcigroup.com.\n\nToll-free number: (888) 506-0062\nInternational number: (973) 528-0011\nEntry Code: 202996\nWebcast\n(https://www.globenewswire.com/Tracker?data=d-7c97dcWfpc9hn-PlwkU5R_meJVRxUFhVnhoHMfaO_vxESbSIbW1l3QExTSTf5_FZYoNAi9pg991hIzYcoM9JHQyRFxRzATjqBOUhoB4E6rOtcu6pDmW2hzL_5OrR9nbvqtuutYb1yBY651uKG7UgxmRV8R4RfEPHP9l3fnCfo8YHSdtJIBysZ5K7SSqXlEJHumeaQ0-Tx23a6V1LtcoAf55cCkca0Hs0Ou5UJZd_YlC_mI_-ORDE-dXrDpz37PJQWwN3TzPVNBdKBw2lAY93PfjGYfc0jkiVMdobYqmzq3GXvPFnLwSNguEbQaIiymnXgQTBM2CSZsjJ7kbYFMEcXCgYW-2ooiNXW7ek9MyDpCqKrRofF3GO7Divs9vsIz3LHjLAQYDkrPZLwhJyywcZVuKfvk9jDLC817OKii75oV0o-2eY92lEd-Kl8AKxpU6rkAwKFb_ZBlNreBqmI9Pa5ldkNq3xo8VueUQOejctc2WgySYpAN7QDoDLKuKr-BbyxjyrGGnWFsX9rOalISpq0v7c8skXk3bo5PM7biuxoXfNQ4jhf5-8KmKFxbvP5d)\n\nPlease call the conference telephone number 10 minutes before the start time.\nAn operator will register your name and organization. If you have any\ndifficulty connecting with the conference call, please contact Gateway Group\nat (949) 574-3860.\n\nA replay of the call will be available after 8:00 p.m. Eastern Time on the\nsame day through August 20, 2026 and a replay of the webcast will be available\non the Investor Relations section of the HCI Group website at www.hcigroup.com\nthrough August 6, 2027.\n\nToll-free replay number: (877) 481-4010\nInternational replay number: (919) 882-2331 \nReplay ID: 54257\n\nAbout HCI Group, Inc.\nHCI Group, Inc. is a diversified holding company engaged in insurance,\nreinsurance, real estate, claims services, and insurance technology. The HCI\nGroup portfolio of companies includes multiple property and casualty\nunderwriters and exchanges, two captive reinsurers, a claims management\nbusiness, a commercial real estate investment company and a leading insurance\ntechnology company, Exzeo Group. HCI Group was founded in 2006 and operates in\n13 states.\n\nHCI Group's common shares trade on the New York Stock Exchange under the\nticker symbol \"HCI\" and are included in the Russell 2000 and S&P SmallCap 600\nIndex. HCI Group, Inc. regularly publishes financial and other information in\nthe Investor Information\n(https://www.globenewswire.com/Tracker?data=GHyGGZm3M8oMZzUFC5rWpBxMN-2wxok90lMiMM77xDwZFWVB-DWflJUTLOQn9aNtG0HSOYnKo5HxqECkNbb1MgBmXLPIRDlylZDgMNt9Bqw=)\nsection of the company’s website. For more information about HCI Group and\nits subsidiaries, visit www.hcigroup.com. Exzeo’s common shares trade on the\nNew York Stock Exchange under the ticker symbol “XZO.” For more\ninformation about Exzeo, visit www.exzeo.com.\n\nForward-Looking Statements\nThis news release may contain forward-looking statements made pursuant to the\nPrivate Securities Litigation Reform Act of 1995. Words such as \"anticipate,\"\n\"estimate,\" \"expect,\" \"intend,\" \"plan,\" \"confident,\" \"prospects\" and \"project\"\nand other similar words and expressions are intended to signify\nforward-looking statements. Forward-looking statements are not guarantees of\nfuture results and conditions, but rather are subject to various risks and\nuncertainties. For example, the estimation of reserves for losses and loss\nadjustment expenses is an inherently imprecise process involving many\nassumptions and considerable management judgment. Further, future cash flow\nand earnings may limit HCI’s ability or willingness to engage in share\nbuybacks. Some of these risks and uncertainties are identified in the\ncompany's filings with the Securities and Exchange Commission. Should any\nrisks or uncertainties develop into actual events, these developments could\nhave material adverse effects on the company's business, financial condition\nand results of operations. HCI Group, Inc. disclaims all obligations to update\nany forward-looking statements.\n\nCompany Contact:\nNat Otis\nInvestor Relations\nHCI Group, Inc.\nTel (813) 355-5341\nnotis@hcigroup.com\n\nInvestor Relations Contact:\nMatt Glover\nGateway Group, Inc.\nTel (949) 574-3860\nHCI@gateway-grp.com\n\n HCI GROUP, INC. AND SUBSIDIARIES \n Selected Financial Metrics \n (Unaudited) \n (In thousands, except share and per share amounts) \n \n Three Months Ended \n June 30, \n 2026 2025 \n Gross Written Premiums: \n Homeowners Choice $ 228,208 $ 227,090 \n TypTap Insurance Company 110,477 110,412 \n Condo Owners Reciprocal Exchange 10,848 13,830 \n Tailrow Reciprocal Exchange 32,812 5,213 \n Total Gross Written Premiums $ 382,345 $ 356,545 \n \n Gross Premiums Earned: \n Homeowners Choice $ 161,927 $ 156,552 \n TypTap Insurance Company 123,279 124,437 \n Condo Owners Reciprocal Exchange 5,925 12,811 \n Tailrow Insurance Exchange 29,693 8,828 \n Total Gross Premiums Earned $ 320,824 $ 302,628 \n \n Gross loss and loss adjustment expense ratio 22.2 % 21.3 % \n \n Per Share Metrics \n Diluted earnings per share $ 5.60 $ 5.18 \n \n Dividends per share $ 0.40 $ 0.40 \n \n Book value per share at the end of period $ 86.60 $ 58.55 \n \n Shares outstanding at the end of period 12,469,972 12,956,884 \n \n\n\n\n HCI GROUP, INC. AND SUBSIDIARIES \n Consolidated Balance Sheets \n (In thousands, except share amounts) \n \n June 30, 2026 December 31, 2025 \n (Unaudited) \n Assets \n Fixed-maturity securities, available-for-sale, at fair value (amortized cost: $1,103,778 and $595,383, respectively and allowance for credit losses: $0 and $0, respectively) $ 1,091,041 $ 597,329 \n Equity securities, at fair value (cost: $55,700 and $61,597, respectively) 59,038 65,890 \n Limited partnership investments 16,394 17,690 \n Real estate investments 102,669 103,746 \n Other investments 5,000 5,000 \n Total investments 1,274,142 789,655 \n Cash and cash equivalents 872,336 1,210,126 \n Restricted cash 4,378 3,748 \n Income taxes receivable 1,277 1,332 \n Deferred income tax assets, net 1,088 2,237 \n Premiums receivable, net (allowance: $5,363 and $4,469, respectively) 77,607 57,494 \n Prepaid reinsurance premiums — 50,127 \n Reinsurance recoverable, net of allowance for credit losses: \n Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively) 26,613 27,855 \n Unpaid losses and loss adjustment expenses (allowance: $73 and $97, respectively) 229,131 262,041 \n Deferred policy acquisition costs 68,206 59,722 \n Property and equipment, net 27,503 28,939 \n Intangible assets, net 1,924 2,683 \n Funds withheld for assumed business 5,346 5,254 \n Other assets 58,908 27,715 \n Total assets $ 2,648,459 $ 2,528,928 \n \n Liabilities, Redeemable Noncontrolling Interests and Equity \n Losses and loss adjustment expenses $ 558,982 $ 576,495 \n Unearned premiums 659,335 643,328 \n Advance premiums 44,440 19,302 \n Ceded reinsurance premiums payable 34,772 27,591 \n Assumed premiums payable 4,049 1,744 \n Income taxes payable 16,467 12,782 \n Deferred income tax liabilities, net 1,001 3,814 \n Revolving credit facility 36,000 36,000 \n Long-term debt 31,465 31,877 \n Accrued expenses and other liabilities 82,887 61,351 \n Total liabilities 1,469,398 1,414,284 \n Commitments and contingencies \n Redeemable noncontrolling interests 5,929 3,359 \n Equity: \n Common stock, (no par value, 40,000,000 shares authorized, 12,469,972 and 12,992,147 shares issued and outstanding, respectively) — — \n Additional paid-in capital 340,854 428,109 \n Retained earnings 748,437 611,509 \n Accumulated other comprehensive (loss) income (9,382 ) 1,459 \n Total stockholders' equity 1,079,909 1,041,077 \n Noncontrolling interests 93,223 70,208 \n Total equity 1,173,132 1,111,285 \n Total liabilities, redeemable noncontrolling interests and equity $ 2,648,459 $ 2,528,928 \n \n\n\n\n HCI GROUP, INC. AND SUBSIDIARIES \n Consolidated Statements of Income \n (Unaudited) \n (In thousands, except per share amounts) \n \n Three Months Ended Six Months Ended \n June 30, June 30, \n 2026 2025 2026 2025 \n Revenue \n Gross premiums earned $ 320,824 $ 302,628 $ 647,030 $ 603,011 \n Premiums ceded (101,812 ) (102,522 ) (205,867 ) (202,157 ) \n Net premiums earned 219,012 200,106 441,163 400,854 \n Net investment income 18,890 16,445 36,191 30,196 \n Net realized investment gains 1,222 155 1,756 1,322 \n Net unrealized investment gains (losses) 743 1,180 (955 ) (726 ) \n Policy fee income 1,651 1,467 3,227 3,696 \n Other 5,135 2,567 8,153 3,011 \n Total revenue 246,653 221,920 489,535 438,353 \n Expenses \n Losses and loss adjustment expenses 71,076 64,457 136,676 123,748 \n Policy acquisition and other underwriting expenses 32,346 30,551 64,116 57,838 \n General and administrative personnel expenses 23,948 19,985 46,301 40,468 \n Interest expense 1,084 3,744 2,007 7,128 \n Other operating expenses 7,226 8,791 14,078 14,440 \n Total expenses 135,680 127,528 263,178 243,622 \n Income before income taxes 110,973 94,392 226,357 194,731 \n Income tax expense 28,073 24,113 58,414 50,222 \n Net income $ 82,900 $ 70,279 $ 167,943 $ 144,509 \n Net income attributable to noncontrolling interests (9,103 ) (4,119 ) (20,739 ) (8,665 ) \n Net income after noncontrolling interests $ 73,797 $ 66,160 $ 147,204 $ 135,844 \n Basic earnings per share $ 5.78 $ 5.57 $ 11.39 $ 12.00 \n Diluted earnings per share $ 5.60 $ 5.18 $ 11.05 $ 10.57 \n Dividends per share $ 0.40 $ 0.40 $ 0.80 $ 0.80 \n \n\nHCI GROUP, INC. AND SUBSIDIARIES\nEarnings Per Share\n(Unaudited)\n(In thousands, except per share amounts)\n\nThe computations of basic and diluted earnings per share for the periods\npresented were as follows:\n\n Three Months Ended Six Months Ended \n June 30, 2026 June 30, 2026 \n Income Shares Per Share Income Shares Per Share \n (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount \n Net income $ 82,900 $ 167,943 \n Less: Net income attributable to noncontrolling interests (9,103 ) (20,739 ) \n Net income after noncontrolling interests 73,797 147,204 \n Less: Income attributable to participating securities (2,925 ) (6,186 ) \n Basic Earnings Per Share: \n Income attributable to common stockholders 70,872 12,269 $ 5.78 141,018 12,379 $ 11.39 \n Effect of Dilutive Securities: \n Stock options — 382 — 390 \n Warrants — 7 — 7 \n Net impact from reallocation of undistributed earnings to participating securities 65 — 143 — \n Diluted Earnings Per Share: \n Income attributable to common stockholders $ 70,937 12,658 $ 5.60 $ 141,161 12,776 $ 11.05 \n \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/33f16d1b-51a6-45cb-8f6d-6537314add24)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2R8rYc","title":"HCI Group Reports Second Quarter 2026 Results","author":"Globe Newswire","ticker":"HCI","created":"2026-08-06T20:15:00.723Z","tickers":["HCI"],"exchange":"NYSE","article_body":"Second Quarter Pre-Tax Income of $111 million\nDiluted EPS of $5.60\nGross Loss Ratio of 22%\n\nTAMPA, Fla., Aug. 06, 2026 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI),\nreported pre-tax income of $111 million and net income of $83 million in the\nsecond quarter of 2026 compared with pre-tax income of $94 million and net\nincome of $70 million in the second quarter of 2025. Net income after\nnoncontrolling interests in the second quarter of 2026 was $74 million\ncompared with $66 million in the second quarter of 2025. Diluted earnings per\nshare were $5.60 in the second quarter of 2026 compared with $5.18 diluted\nearnings per share in the second quarter of 2025.\n\nManagement Commentary\n“HCI Group capped a strong start to the year delivering record second\nquarter financial results for the first half of 2026,” said HCI Group\nChairman and Chief Executive Officer Paresh Patel. “Our focus continues to\nbe on achieving exceptional performance in all types of operating\nenvironments.”\n\nSecond Quarter 2026 Results\nGross premiums earned in the second quarter of 2026 were $321 million compared\nwith $303 million in the second quarter of 2025. The increase of 6% was driven\nby a higher volume of insurance policies in force while average premium per\npolicy remained relatively consistent.\n\nPremiums ceded for reinsurance in the second quarter of 2026 were $102 million\ncompared with $103 million in the second quarter of 2025. The decrease was a\nresult of the lower costs associated with the company’s new 2026-2027\ncatastrophe reinsurance programs, which began on June 1, 2026.\n\nNet investment income in the second quarter of 2026 was $19 million compared\nwith $16 million in the second quarter of 2025. The increase was driven by\ngrowth in invested assets.\n\nOther revenue in the second quarter of 2026 was $5 million compared with $3\nmillion in the second quarter of 2025. The increase was primarily driven by\nthe addition of new insurance carrier customers to Exzeo's insurance\ntechnology platform.\n\nLosses and loss adjustment expenses in the second quarter of 2026 were $71\nmillion compared with $64 million in the second quarter of 2025. The increase\nwas driven largely by a higher volume of policies in force. The gross loss and\nloss adjustment expense ratio for the second quarter of 2026 was 22.2%.\n\nPolicy acquisition and other underwriting expenses in the second quarter of\n2026 were $32 million compared with $31 million in the second quarter of 2025.\nThe increase was driven by a greater amount of premiums in force.\n\nGeneral and administrative personnel expenses in the second quarter of 2026\nwere $24 million compared with $20 million in the second quarter of 2025. The\nincrease was driven by additional personnel, annual merit increases, and\nstock-based compensation.\n\nSix Months Ended June 30, 2026 Results\nFor the six months ended June 30, 2026, HCI Group reported pre-tax income of\n$226 million and net income of $168 million compared with pre-tax income of\n$195 million and net income of $145 million for the six months ended June 30,\n2025. Net income after noncontrolling interests was $147 million compared with\n$136 million for the six months ended June 30, 2025. Diluted earnings per\nshare were $11.05 for the six months ended June 30, 2026, compared with $10.57\nfor the six months ended June 30, 2025.\n\nGross premiums earned for the six months ended June 30, 2026 were $647 million\ncompared with $603 million for the six months ended June 30, 2025. The\nincrease of 7% was driven by a higher volume of insurance policies in force\nwhile average premium per policy remained relatively consistent.\n\nPremiums ceded for reinsurance for the six months ended June 30, 2026 were\n$206 million compared with $202 million for the six months ended June 30,\n2025. The increase was a result of a higher number of policies in force and\npartially offset by the company’s new 2026-2027 catastrophe reinsurance\nprograms, which started on June 1, 2026.\n\nNet investment income for the six months ended June 30, 2026 was $36 million\ncompared with $30 million for the six months ended June 30, 2025. The increase\nwas driven by growth in invested assets.\n\nOther revenue for the six months ended June 30, 2026 was $8 million compared\nwith $3 million for the six months ended June 30, 2025. The increase was\nprimarily driven by the addition of new insurance carrier customers to Exzeo's\ninsurance technology platform.\n\nLosses and loss adjustment expenses for the six months ended June 30, 2026\nwere $137 million compared with $124 million for the six months ended June 30,\n2025. The increase was largely driven by a higher volume of policies in force.\nThe gross loss and loss adjustment expense ratio for the six months ended June\n30, 2026 was 21.1%.\n\nPolicy acquisition and other underwriting expenses for the six months ended\nJune 30, 2026 were $64 million compared with $58 million for the six months\nended June 30, 2025. The increase was driven by a greater amount of premiums\nin force.\n\nGeneral and administrative personnel expenses for the six months ended June\n30, 2026 were $46 million compared with $40 million for the six months ended\nJune 30, 2025. The increase was driven by additional personnel, annual merit\nincreases, and stock-based compensation.\n\nShare Repurchase\nOn March 3, 2026, HCI Group announced a share repurchase program to repurchase\nup to $80 million of shares of HCI common stock through February 27, 2027. In\nthe second quarter of 2026, HCI Group repurchased 363,538 shares for $57.0\nmillion. During the first six months of 2026, HCI Group repurchased 473,609\nshares for $74.5 million. The share repurchase program was completed on July\n17, 2026, with a total of 504,330 shares repurchased for $80.0 million.\n\nConference Call\nHCI Group will hold a conference call later today, August 6, 2026, to discuss\nthese financial results. Chairman and Chief Executive Officer Paresh Patel,\nChief Operating Officer Karin Coleman and Chief Financial Officer Mark\nHarmsworth will host the call starting at 4:45 p.m. Eastern Time.\n\nInterested parties can listen to the live presentation by dialing the\nlisten-only number below or by clicking the webcast link available on the\nInvestor Information\n(https://www.globenewswire.com/Tracker?data=GHyGGZm3M8oMZzUFC5rWpBxMN-2wxok90lMiMM77xDzY61CcQuIz-gHgczDkhPe26FcwfPQ1rZj4RbgY25TC1nZKUgCp-fq6yx_8M2r4SDg=)\nsection of the company's website at www.hcigroup.com.\n\nToll-free number: (888) 506-0062\nInternational number: (973) 528-0011\nEntry Code: 202996\nWebcast\n(https://www.globenewswire.com/Tracker?data=d-7c97dcWfpc9hn-PlwkU5R_meJVRxUFhVnhoHMfaO_vxESbSIbW1l3QExTSTf5_FZYoNAi9pg991hIzYcoM9JHQyRFxRzATjqBOUhoB4E6rOtcu6pDmW2hzL_5OrR9nbvqtuutYb1yBY651uKG7UgxmRV8R4RfEPHP9l3fnCfo8YHSdtJIBysZ5K7SSqXlEJHumeaQ0-Tx23a6V1LtcoAf55cCkca0Hs0Ou5UJZd_YlC_mI_-ORDE-dXrDpz37PJQWwN3TzPVNBdKBw2lAY93PfjGYfc0jkiVMdobYqmzq3GXvPFnLwSNguEbQaIiymnXgQTBM2CSZsjJ7kbYFMEcXCgYW-2ooiNXW7ek9MyDpCqKrRofF3GO7Divs9vsIz3LHjLAQYDkrPZLwhJyywcZVuKfvk9jDLC817OKii75oV0o-2eY92lEd-Kl8AKxpU6rkAwKFb_ZBlNreBqmI9Pa5ldkNq3xo8VueUQOejctc2WgySYpAN7QDoDLKuKr-BbyxjyrGGnWFsX9rOalISpq0v7c8skXk3bo5PM7biuxoXfNQ4jhf5-8KmKFxbvP5d)\n\nPlease call the conference telephone number 10 minutes before the start time.\nAn operator will register your name and organization. If you have any\ndifficulty connecting with the conference call, please contact Gateway Group\nat (949) 574-3860.\n\nA replay of the call will be available after 8:00 p.m. Eastern Time on the\nsame day through August 20, 2026 and a replay of the webcast will be available\non the Investor Relations section of the HCI Group website at www.hcigroup.com\nthrough August 6, 2027.\n\nToll-free replay number: (877) 481-4010\nInternational replay number: (919) 882-2331 \nReplay ID: 54257\n\nAbout HCI Group, Inc.\nHCI Group, Inc. is a diversified holding company engaged in insurance,\nreinsurance, real estate, claims services, and insurance technology. The HCI\nGroup portfolio of companies includes multiple property and casualty\nunderwriters and exchanges, two captive reinsurers, a claims management\nbusiness, a commercial real estate investment company and a leading insurance\ntechnology company, Exzeo Group. HCI Group was founded in 2006 and operates in\n13 states.\n\nHCI Group's common shares trade on the New York Stock Exchange under the\nticker symbol \"HCI\" and are included in the Russell 2000 and S&P SmallCap 600\nIndex. HCI Group, Inc. regularly publishes financial and other information in\nthe Investor Information\n(https://www.globenewswire.com/Tracker?data=GHyGGZm3M8oMZzUFC5rWpBxMN-2wxok90lMiMM77xDwZFWVB-DWflJUTLOQn9aNtG0HSOYnKo5HxqECkNbb1MgBmXLPIRDlylZDgMNt9Bqw=)\nsection of the company’s website. For more information about HCI Group and\nits subsidiaries, visit www.hcigroup.com. Exzeo’s common shares trade on the\nNew York Stock Exchange under the ticker symbol “XZO.” For more\ninformation about Exzeo, visit www.exzeo.com.\n\nForward-Looking Statements\nThis news release may contain forward-looking statements made pursuant to the\nPrivate Securities Litigation Reform Act of 1995. Words such as \"anticipate,\"\n\"estimate,\" \"expect,\" \"intend,\" \"plan,\" \"confident,\" \"prospects\" and \"project\"\nand other similar words and expressions are intended to signify\nforward-looking statements. Forward-looking statements are not guarantees of\nfuture results and conditions, but rather are subject to various risks and\nuncertainties. For example, the estimation of reserves for losses and loss\nadjustment expenses is an inherently imprecise process involving many\nassumptions and considerable management judgment. Further, future cash flow\nand earnings may limit HCI’s ability or willingness to engage in share\nbuybacks. Some of these risks and uncertainties are identified in the\ncompany's filings with the Securities and Exchange Commission. Should any\nrisks or uncertainties develop into actual events, these developments could\nhave material adverse effects on the company's business, financial condition\nand results of operations. HCI Group, Inc. disclaims all obligations to update\nany forward-looking statements.\n\nCompany Contact:\nNat Otis\nInvestor Relations\nHCI Group, Inc.\nTel (813) 355-5341\nnotis@hcigroup.com\n\nInvestor Relations Contact:\nMatt Glover\nGateway Group, Inc.\nTel (949) 574-3860\nHCI@gateway-grp.com\n\n HCI GROUP, INC. AND SUBSIDIARIES \n Selected Financial Metrics \n (Unaudited) \n (In thousands, except share and per share amounts) \n \n Three Months Ended \n June 30, \n 2026 2025 \n Gross Written Premiums: \n Homeowners Choice $ 228,208 $ 227,090 \n TypTap Insurance Company 110,477 110,412 \n Condo Owners Reciprocal Exchange 10,848 13,830 \n Tailrow Reciprocal Exchange 32,812 5,213 \n Total Gross Written Premiums $ 382,345 $ 356,545 \n \n Gross Premiums Earned: \n Homeowners Choice $ 161,927 $ 156,552 \n TypTap Insurance Company 123,279 124,437 \n Condo Owners Reciprocal Exchange 5,925 12,811 \n Tailrow Insurance Exchange 29,693 8,828 \n Total Gross Premiums Earned $ 320,824 $ 302,628 \n \n Gross loss and loss adjustment expense ratio 22.2 % 21.3 % \n \n Per Share Metrics \n Diluted earnings per share $ 5.60 $ 5.18 \n \n Dividends per share $ 0.40 $ 0.40 \n \n Book value per share at the end of period $ 86.60 $ 58.55 \n \n Shares outstanding at the end of period 12,469,972 12,956,884 \n \n\n\n\n HCI GROUP, INC. AND SUBSIDIARIES \n Consolidated Balance Sheets \n (In thousands, except share amounts) \n \n June 30, 2026 December 31, 2025 \n (Unaudited) \n Assets \n Fixed-maturity securities, available-for-sale, at fair value (amortized cost: $1,103,778 and $595,383, respectively and allowance for credit losses: $0 and $0, respectively) $ 1,091,041 $ 597,329 \n Equity securities, at fair value (cost: $55,700 and $61,597, respectively) 59,038 65,890 \n Limited partnership investments 16,394 17,690 \n Real estate investments 102,669 103,746 \n Other investments 5,000 5,000 \n Total investments 1,274,142 789,655 \n Cash and cash equivalents 872,336 1,210,126 \n Restricted cash 4,378 3,748 \n Income taxes receivable 1,277 1,332 \n Deferred income tax assets, net 1,088 2,237 \n Premiums receivable, net (allowance: $5,363 and $4,469, respectively) 77,607 57,494 \n Prepaid reinsurance premiums — 50,127 \n Reinsurance recoverable, net of allowance for credit losses: \n Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively) 26,613 27,855 \n Unpaid losses and loss adjustment expenses (allowance: $73 and $97, respectively) 229,131 262,041 \n Deferred policy acquisition costs 68,206 59,722 \n Property and equipment, net 27,503 28,939 \n Intangible assets, net 1,924 2,683 \n Funds withheld for assumed business 5,346 5,254 \n Other assets 58,908 27,715 \n Total assets $ 2,648,459 $ 2,528,928 \n \n Liabilities, Redeemable Noncontrolling Interests and Equity \n Losses and loss adjustment expenses $ 558,982 $ 576,495 \n Unearned premiums 659,335 643,328 \n Advance premiums 44,440 19,302 \n Ceded reinsurance premiums payable 34,772 27,591 \n Assumed premiums payable 4,049 1,744 \n Income taxes payable 16,467 12,782 \n Deferred income tax liabilities, net 1,001 3,814 \n Revolving credit facility 36,000 36,000 \n Long-term debt 31,465 31,877 \n Accrued expenses and other liabilities 82,887 61,351 \n Total liabilities 1,469,398 1,414,284 \n Commitments and contingencies \n Redeemable noncontrolling interests 5,929 3,359 \n Equity: \n Common stock, (no par value, 40,000,000 shares authorized, 12,469,972 and 12,992,147 shares issued and outstanding, respectively) — — \n Additional paid-in capital 340,854 428,109 \n Retained earnings 748,437 611,509 \n Accumulated other comprehensive (loss) income (9,382 ) 1,459 \n Total stockholders' equity 1,079,909 1,041,077 \n Noncontrolling interests 93,223 70,208 \n Total equity 1,173,132 1,111,285 \n Total liabilities, redeemable noncontrolling interests and equity $ 2,648,459 $ 2,528,928 \n \n\n\n\n HCI GROUP, INC. AND SUBSIDIARIES \n Consolidated Statements of Income \n (Unaudited) \n (In thousands, except per share amounts) \n \n Three Months Ended Six Months Ended \n June 30, June 30, \n 2026 2025 2026 2025 \n Revenue \n Gross premiums earned $ 320,824 $ 302,628 $ 647,030 $ 603,011 \n Premiums ceded (101,812 ) (102,522 ) (205,867 ) (202,157 ) \n Net premiums earned 219,012 200,106 441,163 400,854 \n Net investment income 18,890 16,445 36,191 30,196 \n Net realized investment gains 1,222 155 1,756 1,322 \n Net unrealized investment gains (losses) 743 1,180 (955 ) (726 ) \n Policy fee income 1,651 1,467 3,227 3,696 \n Other 5,135 2,567 8,153 3,011 \n Total revenue 246,653 221,920 489,535 438,353 \n Expenses \n Losses and loss adjustment expenses 71,076 64,457 136,676 123,748 \n Policy acquisition and other underwriting expenses 32,346 30,551 64,116 57,838 \n General and administrative personnel expenses 23,948 19,985 46,301 40,468 \n Interest expense 1,084 3,744 2,007 7,128 \n Other operating expenses 7,226 8,791 14,078 14,440 \n Total expenses 135,680 127,528 263,178 243,622 \n Income before income taxes 110,973 94,392 226,357 194,731 \n Income tax expense 28,073 24,113 58,414 50,222 \n Net income $ 82,900 $ 70,279 $ 167,943 $ 144,509 \n Net income attributable to noncontrolling interests (9,103 ) (4,119 ) (20,739 ) (8,665 ) \n Net income after noncontrolling interests $ 73,797 $ 66,160 $ 147,204 $ 135,844 \n Basic earnings per share $ 5.78 $ 5.57 $ 11.39 $ 12.00 \n Diluted earnings per share $ 5.60 $ 5.18 $ 11.05 $ 10.57 \n Dividends per share $ 0.40 $ 0.40 $ 0.80 $ 0.80 \n \n\nHCI GROUP, INC. AND SUBSIDIARIES\nEarnings Per Share\n(Unaudited)\n(In thousands, except per share amounts)\n\nThe computations of basic and diluted earnings per share for the periods\npresented were as follows:\n\n Three Months Ended Six Months Ended \n June 30, 2026 June 30, 2026 \n Income Shares Per Share Income Shares Per Share \n (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount \n Net income $ 82,900 $ 167,943 \n Less: Net income attributable to noncontrolling interests (9,103 ) (20,739 ) \n Net income after noncontrolling interests 73,797 147,204 \n Less: Income attributable to participating securities (2,925 ) (6,186 ) \n Basic Earnings Per Share: \n Income attributable to common stockholders 70,872 12,269 $ 5.78 141,018 12,379 $ 11.39 \n Effect of Dilutive Securities: \n Stock options — 382 — 390 \n Warrants — 7 — 7 \n Net impact from reallocation of undistributed earnings to participating securities 65 — 143 — \n Diluted Earnings Per Share: \n Income attributable to common stockholders $ 70,937 12,658 $ 5.60 $ 141,161 12,776 $ 11.05 \n \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/33f16d1b-51a6-45cb-8f6d-6537314add24)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-06T20:15:01.299181785Z","server_sent_at_ms":1786047301299},"received_at":"2026-08-06T20:15:01.352Z","source_url":"https://www.globenewswire.com/news-release/2026/08/06/3340800/12000/en/hci-group-reports-second-quarter-2026-results.html"},"analysis":{"id":"101175","press_release_id":"112170","analysis_json":{"industry":{"label":"Insurance","sector":"Financials"},"redFlags":["Gross loss ratio deteriorated slightly to 22.2% from 21.3% in the prior year","General and administrative personnel expenses increased 20% year-over-year due to stock-based compensation and hiring"],"eventType":"earnings","narrative":"HCI Group reported strong Q2 2026 results with net income rising to $83 million and diluted EPS increasing to $5.60, driven by a 6% growth in gross premiums earned.\n\nBook value per share surged to $86.60 from $58.55 in the prior year, reflecting significant growth in equity driven by investment gains and underwriting profitability.\n\nThe company completed its $80 million share repurchase program in July, having bought back 363,538 shares for $57.0 million during the second quarter.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Q2 earnings and book value surge highlight strong underwriting and capital returns."},"keyFigures":{"eps":5.6,"revenue":246653000,"customDimensions":{"net_income":83000000,"buyback_cost":57000000,"gross_loss_ratio":"22.2%","dividend_per_share":0.4,"shares_repurchased":363538,"book_value_per_share":86.6,"gross_premiums_earned":320824000}},"quotedText":"HCI Group capped a strong start to the year delivering record second quarter financial results for the first half of 2026","namedEntities":{"people":[{"name":"Paresh Patel","role":"Chairman and CEO"},{"name":"Karin Coleman","role":"COO"},{"name":"Mark Harmsworth","role":"CFO"}],"products":[],"companies":[{"name":"HCI Group, Inc.","ticker":"HCI"},{"name":"Exzeo Group","ticker":"XZO","relationship":"subsidiary"},{"name":"Gateway Group, Inc.","relationship":"investor relations contact"}],"dollarAmounts":[{"amount":"$111 million","context":"Q2 2026 pre-tax income"},{"amount":"$83 million","context":"Q2 2026 net income"},{"amount":"$321 million","context":"Q2 2026 gross premiums earned"},{"amount":"$80 million","context":"total share repurchase program authorization"},{"amount":"$57.0 million","context":"Q2 2026 share repurchases"}]},"materialImpact":{"score":4,"reasoning":"Net income increased 18.5% year-over-year to $83 million and diluted EPS rose 8% to $5.60. 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