Hci Group Inc
hcigroup.comWhat Do They Do?
Provides homeowners’ property and casualty insurance to homeowners and property owners, primarily in Florida and also in other U.S. regions. Provides technology and operations solutions to insurance carriers and attorney-in-fact services for reciprocal insurance exchanges.
10-K for FY2025, filed Feb 26, 2026HCI Group, Inc., together with its subsidiaries (collectively, “we,” “our,” “us,” the “Company,” or “HCI”), is primarily engaged in the…View ↗
Our insurance operations are supported by other insurance-related subsidiaries within the consolidated group. Exzeo Group, Inc. (formerly…View ↗
We also provide attorney-in-fact (“AIF”) services for reciprocal insurance exchanges owned by their policyholders. Although we do not have…View ↗
How Do They Make Money?
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10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by reportable segment ↗
$900.9M
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10-K for FY2025, filed Feb 26, 2026
$900.9M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Reciprocal Exchange Operations
|
7.3% |
Reciprocal Exchange Operations, FY2025
$65.5M Sources
|
|
Real Estate Operations
|
1.7%
FY2022: 4.8%
|
Real Estate Operations, FY2025
$14.8M Sources
|
|
Corporate and Other
|
2.6%
FY2022: 1.3%
|
Corporate and Other, FY2025
$23.6M Sources
|
|
Insurance Operation
|
93%
FY2022: 100%
|
Insurance Operation, FY2025
$834.4M Sources
|
|
Exzeo
|
25% |
Exzeo, FY2025
$221.3M Sources
|
Who Are Their Customers?
Homeowners and property owners obtain coverage through independent agents; Exzeo serves insurance carriers with technology and operations solutions.
10-K for FY2025, filed Feb 26, 2026HCI Group, Inc., together with its subsidiaries (collectively, “we,” “our,” “us,” the “Company,” or “HCI”), is primarily engaged in the…View ↗
November 2025 – Exzeo completed its initial public offering and its common stock is currently listed on the NYSE under the symbol “XZO.”…View ↗
Distribution channel – We continue to improve our relationship with independent agents through collaboration and implementation of…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 33 cents of every revenue dollar as net income in FY2025 and turned 49 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
Growing. Revenue grew 2.2x in 4 years, from $407.9M in FY2021 to $900.9M in FY2025, about 22% a year.
External insurance technology sales
The earlier report says its technology products were solely for its own insurance-related subsidiaries; the latest describes Exzeo offering technology and operations solutions to unaffiliated insurance carriers.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Feb 26, 2026Our information technology operations include a team of experienced software developers with extensive knowledge in designing and creating…View ↗
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