HCI Group, Inc. (HCI) financial statements: income statement, balance sheet and cash flow
HCI Group, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), HCI Group, Inc. reported revenue of $900.9M (+20.1% year on year) and net income of $320.4M (+151.1% year on year).
Income statement
HCI Group, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Gross premiums earned
$1.2B
$1.1B
$765.5M
$724.7M
Premiums ceded
($414.5M)
($405.7M)
($269.6M)
($261.1M)
Net premiums earned
$821.7M
$677.6M
$495.9M
$463.6M
Net investment income
$65.4M
$59.1M
$46.2M
$32.4M
Net realized investment gains (losses)
$2.8M
$3.4M
($2.0M)
($1.2M)
Net unrealized investment gains
$123.0K
$2.6M
$3.2M
($7.2M)
Policy fee income
$6.9M
$4.6M
$4.7M
$4.3M
Other
$4.1M
$2.7M
$2.6M
$4.5M
Total revenue
$900.9M
$750.1M
$550.7M
$499.6M
Losses and loss adjustment expenses
$241.8M
$374.7M
$254.6M
$371.5M
Policy acquisition and other underwriting expenses
$122.4M
$99.4M
$90.8M
$105.0M
General and administrative personnel and other operating expenses
$72.1M
$63.2M
$53.9M
$56.5M
Interest expense
$9.2M
$13.3M
$11.1M
$7.8M
Other operating expenses
$26.1M
$26.0M
$22.6M
$25.0M
Total expenses
$471.6M
$576.6M
$433.0M
$568.0M
Income (loss) before income taxes
$429.3M
$173.4M
$117.7M
($68.4M)
Income tax expense
$108.9M
$45.8M
$28.4M
($13.8M)
Net income
$320.4M
$127.6M
$89.3M
($54.6M)
Net income attributable to redeemable noncontrolling interests (Note 18)
$0
($10.1M)
($9.4M)
($9.1M)
Net income attributable to noncontrolling interests
($21.4M)
($7.5M)
($853.0K)
$5.2M
Net income after noncontrolling interests
$299.0M
$110.0M
$79.0M
($58.5M)
Basic earnings per share
$24.58
$10.59
$9.13
-$6.24
Diluted earnings per share
$22.72
$8.89
$7.62
-$6.24
HCI Group, Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Gross premiums earned
$320.8M
$326.2M
$301.1M
$302.6M
Premiums ceded
($101.8M)
($104.1M)
($106.1M)
($102.5M)
Net premiums earned
$219.0M
$222.2M
$195.0M
$200.1M
Net investment income
$18.9M
$17.3M
$17.5M
$16.4M
Net realized investment gains
$1.2M
$534.0K
$618.0K
$155.0K
Net unrealized investment gains (losses)
$743.0K
($1.7M)
$1.2M
$1.2M
Policy fee income
$1.7M
$1.6M
$1.6M
$1.5M
Other
$5.1M
$3.0M
$429.0K
$2.6M
Total revenue
$246.7M
$242.9M
$216.3M
$221.9M
Losses and loss adjustment expenses
$71.1M
$65.6M
$66.2M
$64.5M
Policy acquisition and other underwriting expenses
$32.3M
$31.8M
$31.7M
$30.6M
General and administrative personnel expenses
$23.9M
$22.4M
$20.8M
$20.0M
Interest expense
$1.1M
$923.0K
$1.0M
$3.7M
Other operating expenses
$7.2M
$6.9M
$6.1M
$8.8M
Total expenses
$135.7M
$127.5M
$125.8M
$127.5M
Income before income taxes
$111.0M
$115.4M
$90.6M
$94.4M
Income tax expense
$28.1M
$30.3M
$22.7M
$24.1M
Net income
$82.9M
$85.0M
$67.9M
$70.3M
Net income attributable to noncontrolling interests
($9.1M)
($11.6M)
($2.4M)
($4.1M)
Net income after noncontrolling interests
$73.8M
$73.4M
$65.5M
$66.2M
Basic earnings per share
$5.78
$5.62
$5.05
$5.57
Diluted earnings per share
$5.60
$5.45
$4.90
$5.18
Balance sheet
HCI Group, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Fixed-maturity securities, available-for-sale, at fair value (amortized cost: $595,383 and $719,536 , respectively and allowance for credit losses: $0 and $0, respectively)
$597.3M
$718.5M
$383.2M
$483.9M
Equity securities, at fair value (cost: $61,597 and $52,030, respectively)
$65.9M
$56.2M
$45.5M
$34.6M
Limited partnership investments
$17.7M
$20.8M
$23.6M
$25.7M
Real estate investments
$103.7M
$79.1M
$67.9M
$71.4M
Other investments
$5.0M
—
—
—
Total investments
$789.7M
$874.7M
$520.3M
$615.6M
Cash and cash equivalents
$1.2B
$532.5M
$536.5M
$234.9M
Restricted cash
$3.7M
$3.7M
$3.3M
$2.9M
Income taxes receivable
$1.3M
$463.0K
$0
$2.8M
Deferred income tax assets, net
$2.2M
$72.0K
$512.0K
—
Premiums receivable, net (allowance: $4,469 and $5,891, respectively)
$57.5M
$50.6M
$38.0M
$35.0M
Prepaid reinsurance premiums
$50.1M
$92.1M
$86.2M
$66.6M
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively)
$27.9M
$36.1M
$19.7M
$71.6M
Unpaid losses and loss adjustment expenses (allowance: $97 and $186, respectively)
$262.0M
$522.4M
$330.6M
$616.8M
Deferred policy acquisition costs
$59.7M
$54.3M
$42.9M
$45.5M
Property and equipment, net
$28.9M
$29.5M
$29.3M
$17.9M
Intangible assets, net
$2.7M
$5.2M
$7.7M
$10.6M
Funds withheld for assumed business
$5.3M
$11.7M
$30.1M
$48.8M
Other assets
$27.7M
$9.8M
$50.4M
$31.7M
Total assets
$2.5B
$2.2B
$1.8B
$1.8B
Losses and loss adjustment expenses
$576.5M
$845.9M
$585.1M
$863.8M
Unearned premiums
$643.3M
$584.7M
$501.2M
$368.0M
Advance premiums
$19.3M
$18.9M
$15.9M
$18.6M
Reinsurance payable on paid losses and loss adjustment expenses
$0
$2.5M
$3.1M
$8.6M
Ceded reinsurance premiums payable
$27.6M
$18.3M
$8.9M
$17.6M
Assumed premiums payable
$1.7M
$2.2M
$850.0K
—
Income taxes payable
$12.8M
$5.5M
$7.7M
—
Deferred income tax liabilities, net
$3.8M
$2.8M
$0
$1.7M
Revolving credit facility
$36.0M
$44.0M
—
$0
Long-term debt
$31.9M
$185.3M
$208.5M
$211.7M
Accrued expenses and other liabilities
$61.4M
$32.3M
$35.6M
$23.4M
Total liabilities
$1.4B
$1.8B
$1.4B
$1.5B
Redeemable noncontrolling interests
$3.4M
$1.7M
$96.2M
$93.6M
Common stock (no par value, 40,000,000 shares authorized, 12,992,147 and 10,767,184 shares issued and outstanding in 2025 and 2024, respectively)
0
0
0
0
Additional paid-in capital
$428.1M
$122.3M
$89.6M
$0
Retained earnings
$611.5M
$331.8M
$238.4M
$172.5M
Accumulated other comprehensive income (loss)
$1.5M
($749.0K)
($3.2M)
($9.9M)
Total stockholders’ equity
$1.0B
$453.3M
$324.8M
$162.6M
Noncontrolling interests
$70.2M
$14.0M
$2.3M
($1.3M)
Total equity
$1.1B
$467.4M
$327.2M
$161.3M
Total liabilities, redeemable noncontrolling interests and equity
$2.5B
$2.2B
$1.8B
$1.8B
HCI Group, Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
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)
$1.1B
$914.8M
$562.1M
$592.2M
Equity securities, at fair value (cost: $55,700 and $61,597, respectively)
$59.0M
$65.1M
$64.5M
$58.6M
Limited partnership investments
$16.4M
$17.2M
$18.9M
$19.8M
Real estate investments
$102.7M
$103.4M
$104.7M
$85.6M
Other investments
$5.0M
$5.0M
$5.0M
—
Total investments
$1.3B
$1.1B
$755.2M
$756.2M
Cash and cash equivalents
$872.3M
$1.0B
$987.9M
$947.2M
Restricted cash
$4.4M
$3.8M
$3.7M
$3.7M
Income taxes receivable
$1.3M
$1.5M
$2.5M
$3.1M
Deferred income tax assets, net
$1.1M
$21.0K
$619.0K
$361.0K
Premiums receivable, net (allowance: $5,363 and $4,469, respectively)
$77.6M
$60.4M
$70.2M
$65.8M
Prepaid reinsurance premiums
$0
$20.9M
$65.6M
$0
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively)
$26.6M
$23.1M
$34.4M
$62.7M
Unpaid losses and loss adjustment expenses (allowance: $73 and $97, respectively)
$229.1M
$246.8M
$295.2M
$375.2M
Deferred policy acquisition costs
$68.2M
$59.7M
$67.4M
$65.1M
Property and equipment, net
$27.5M
$28.2M
$29.4M
$29.7M
Intangible assets, net
$1.9M
$2.2M
$3.3M
$3.9M
Funds withheld for assumed business
$5.3M
$5.3M
$7.5M
$8.5M
Other assets
$58.9M
$39.6M
$15.1M
$24.1M
Total assets
$2.6B
$2.6B
$2.3B
$2.4B
Losses and loss adjustment expenses
$559.0M
$566.8M
$615.6M
$696.9M
Unearned premiums
$659.3M
$597.8M
$641.6M
$627.5M
Advance premiums
$44.4M
$48.0M
$43.0M
$43.7M
Ceded reinsurance premiums payable
$34.8M
$26.5M
$3.8M
$38.1M
Assumed premiums payable
$4.0M
$3.1M
$613.0K
$375.0K
Income taxes payable
$16.5M
$42.8M
$19.1M
$24.3M
Deferred income tax liabilities, net
$1.0M
$0
$6.6M
$2.4M
Revolving credit facility
$36.0M
$36.0M
$38.0M
$40.0M
Long-term debt
$31.5M
$31.7M
$32.1M
$15.6M
Accrued expenses and other liabilities
$82.9M
$80.7M
$41.7M
$33.9M
Total liabilities
$1.5B
$1.4B
$1.5B
$1.6B
Redeemable noncontrolling interest (Note 16)
$5.9M
$4.2M
$3.2M
$2.4M
Common stock (no par value, 40,000,000 shares authorized, 12,469,972 and 12,992,147 shares issued and outstanding, respectively)
0
0
0
0
Additional paid-in capital
$340.9M
$413.8M
$300.7M
$298.7M
Retained earnings
$748.4M
$679.7M
$519.0M
$458.7M
Accumulated other comprehensive (loss) income
($9.4M)
($4.5M)
$2.0M
$1.2M
Total stockholders’ equity
$1.1B
$1.1B
$821.8M
$758.6M
Noncontrolling interests
$93.2M
$84.5M
$30.6M
$26.1M
Total equity
$1.2B
$1.2B
$852.3M
$784.7M
Total liabilities, redeemable noncontrolling interest and equity
$2.6B
$2.6B
$2.3B
$2.4B
Cash flow statement
HCI Group, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income after noncontrolling interests
$299.0M
$110.0M
$79.0M
($58.5M)
Net income attributable to noncontrolling interests
$21.4M
$17.6M
$10.2M
$3.9M
Net income
$320.4M
$127.6M
$89.3M
($54.6M)
Stock-based compensation expense
$11.0M
$10.2M
$9.3M
$15.1M
Net accretion of discount on investments in available-for-sale fixed-maturity securities
($2.5M)
($3.4M)
($4.5M)
($961.0K)
Depreciation and amortization
$11.2M
$4.3M
$8.2M
$8.0M
Deferred income tax expense (benefit)
($1.9M)
$2.4M
($1.1M)
($9.9M)
Net realized investment (gains) losses
($2.8M)
($3.4M)
—
—
Net unrealized investment losses (gains)
($123.0K)
($2.6M)
($3.2M)
$7.2M
Net loss (income) from limited partnership investments
$820.0K
($597.0K)
($661.0K)
($4.0M)
Distributions of return on investment from limited partnership investments
$1.0K
$1.0M
$1.1M
$3.0M
Loss on extinguishment of debt
$0
$0
$177.0K
$0
Debt conversion expense
$1.1M
—
$0
$0
Gain on sale of real estate investments
($440.0K)
$0
($8.8M)
($376.0K)
Foreign currency remeasurement loss
$172.0K
$133.0K
$60.0K
$108.0K
Other non-cash items
$301.0K
$308.0K
$158.0K
($47.0K)
Income taxes
$6.5M
($2.7M)
$10.5M
$1.3M
Premiums receivable, net
($6.9M)
($12.5M)
($3.0M)
$33.2M
Assumed premiums receivable
$0
$20.0M
($20.0M)
—
Prepaid reinsurance premiums
$41.9M
($5.8M)
($19.6M)
($40.3M)
Reinsurance recoverable
$268.6M
($208.2M)
$338.4M
($612.1M)
Deferred policy acquisition costs
($5.4M)
($11.4M)
$2.6M
$12.2M
Funds withheld for assumed business
$6.4M
$18.4M
$18.7M
$24.9M
Other assets
($10.9M)
$40.5M
($19.9M)
($15.6M)
Losses and loss adjustment expenses
($269.4M)
$260.8M
($278.7M)
$626.6M
Unearned premiums
$58.6M
$83.5M
$133.1M
$1.3M
Advance premiums
$435.0K
$3.0M
($2.7M)
$4.8M
Reinsurance payable on paid losses and loss adjustment expenses
($2.5M)
($649.0K)
($5.5M)
$4.6M
Ceded reinsurance premiums payable
$9.3M
$9.4M
($8.7M)
($1.7M)
Assumed premiums payable
($432.0K)
$1.3M
$850.0K
$0
Reinsurance recovered in advance on unpaid losses
$0
$0
($19.9M)
$19.9M
Accrued expenses and other liabilities
$10.9M
$2.8M
$14.3M
($8.4M)
Net cash (used in) provided by operating activities
$444.4M
$331.8M
$230.7M
($12.0K)
Investments in limited partnerships
$0
($1.2M)
($1.5M)
($2.0M)
Distributions of return of capital from limited partnership investments
$2.3M
$3.6M
$3.1M
$5.4M
Distributions received from unconsolidated joint venture
$0
$0
$0
$489.0K
Purchase of property and equipment
($3.6M)
($4.1M)
($6.5M)
($6.3M)
Purchase of real estate investments
($28.4M)
($16.1M)
($21.4M)
($841.0K)
Purchase of intangible assets
$0
$0
($1.8M)
($3.8M)
Purchase of available-for-sale fixed-maturity securities
($508.5M)
($804.0M)
($332.2M)
($614.8M)
Purchase of equity securities
($41.7M)
($32.6M)
($20.5M)
($22.9M)
Purchase of other investments
($5.0M)
—
—
—
Purchase of short-term and other investments
$0
$0
($81.0K)
($42.0K)
Proceeds from sales of property and equipment
$0
$14.0K
—
—
Proceeds from sales of real estate investments
$2.0M
$0
$21.7M
$667.0K
HCI Group, Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income after noncontrolling interests
$147.2M
$73.4M
$201.4M
$135.8M
Net income attributable to noncontrolling interests
$20.7M
$11.6M
$11.0M
$8.7M
Net income
$167.9M
$85.0M
$212.4M
$144.5M
Stock-based compensation expense
$6.7M
$3.4M
$8.4M
$5.7M
Net accretion of discount on investments in available-for-sale fixed-maturity securities
($498.0K)
($98.0K)
($1.9M)
($1.4M)
Depreciation and amortization
$4.3M
$2.2M
$8.9M
$6.6M
Deferred income tax expense (benefit)
$2.0M
$423.0K
$2.3M
($1.4M)
Net realized investment gains
($1.8M)
($534.0K)
($1.9M)
($1.3M)
Net unrealized investment gains
$955.0K
$1.7M
($488.0K)
$726.0K
Credit loss expense - reinsurance recoverable
($24.0K)
($9.0K)
($56.0K)
($49.0K)
Net loss from limited partnership investments
$399.0K
$324.0K
$709.0K
$658.0K
Debt conversion expense
$0
—
$1.1M
$1.1M
Gains on sales of real estate investments
($354.0K)
($354.0K)
($440.0K)
($440.0K)
Foreign currency remeasurement loss
$192.0K
$96.0K
$143.0K
$47.0K
Other non-cash items
$317.0K
($45.0K)
$209.0K
$71.0K
Income taxes
$3.7M
$29.9M
$11.5M
$16.2M
Premiums receivable, net
($20.1M)
($2.9M)
($19.6M)
($15.2M)
Prepaid reinsurance premiums
$50.1M
$29.2M
$26.5M
$92.1M
Reinsurance recoverable
$34.2M
$20.1M
$228.9M
$120.6M
Deferred policy acquisition costs
($8.5M)
$22.0K
($13.1M)
($10.8M)
Funds withheld for assumed business
($92.0K)
($45.0K)
$4.2M
$3.2M
Other assets
($19.8M)
($11.8M)
($5.4M)
($14.3M)
Losses and loss adjustment expenses
($17.5M)
($9.7M)
($230.3M)
($149.0M)
Unearned premiums
$16.0M
($45.5M)
$56.9M
$42.8M
Advance premiums
$25.1M
$28.7M
$24.2M
$24.8M
Reinsurance payable on paid losses and loss adjustment expenses
$0
$0
($1.1M)
($2.4M)
Ceded reinsurance premiums payable
$7.2M
($1.1M)
($14.6M)
$19.8M
Assumed reinsurance balances payable
$2.3M
$1.3M
($1.6M)
($1.8M)
Accrued expenses and other liabilities
$21.1M
$18.6M
$39.6M
$26.7M
Net cash provided by operating activities
$273.9M
$148.8M
$333.7M
$307.0M
Investments in limited partnerships
$0
$0
($391.0K)
($270.0K)
Return of capital from limited partnership investments
$897.0K
$195.0K
$1.5M
$644.0K
Purchase of property and equipment
($625.0K)
($335.0K)
($3.0M)
($2.3M)
Purchase of real estate investments
($983.0K)
($818.0K)
($28.5M)
($8.9M)
Purchase of available-for-sale fixed-maturity securities
($520.0M)
($328.9M)
($284.0M)
($136.6M)
Purchase of equity securities
($27.8M)
($15.2M)
($33.7M)
($23.3M)
Proceeds from sales of real estate investments
$760.0K
$760.0K
$2.0M
$2.0M
Proceeds from sales of available-for-sale fixed-maturity securities
$3.6M
$1.9M
$6.1M
$3.4M
Proceeds from calls, repayments and maturities of available-for-sale fixed-maturity securities
$8.5M
$2.0M
$440.0M
$263.6M
Proceeds from sales of equity securities
$35.2M
$15.1M
$27.7M
$21.6M
Net cash provided by (used in) investing activities
($500.4M)
($325.2M)
$122.8M
$120.0M
Common stock dividends
($10.3M)
($5.2M)
—
—
Proceeds from exercise of stock options
$800.0K
$800.0K
—
—
Payment of other noncontrolling interests issuance costs