HCI Group, Inc.

HCI Group, Inc. announced the launch of a pilot project for digital tokenized reinsurance securities through its subsidiary, Fortex Reinsurance SPC, Ltd. These securities offer contractual returns mirroring Fortex Re's participation in HCI's catastrophe excess-of-loss reinsurance programs, aiming to expand investor access to catastrophe risk. The initial pilot includes three series with distinct risk-return profiles, available for a minimum investment of $5,000 to qualified investors, and features a shorter investment horizon than traditional insurance-linked securities.

HCI Group, Inc. announced that its compensation committee established a new compensation plan for non-employee directors, effective June 11, 2026. Under the plan, each director will receive an annual cash retainer of $100,000, paid quarterly, along with 750 shares of restricted common stock. These shares are subject to transfer restrictions until May 27, 2027, though directors will retain dividend and other ownership rights during this period.

HCI Group, Inc. has successfully completed its catastrophe reinsurance programs for the 2026-2027 treaty year, running from June 1, 2026, through May 31, 2027. The company achieved meaningful structural improvements at a materially lower cost, with net consolidated reinsurance premiums decreasing by 10% to $381 million. The programs also feature an expanded role for its Cayman Islands-based reinsurer, Fortex Re, participating across two of the three towers, further strengthening its risk transfer strategy.

HCI Group reported a significant increase in net income after noncontrolling interests to $73.41 million for the first quarter of 2026, up from $69.68 million in the prior year. Total revenue also saw a healthy rise to $242.88 million. However, basic earnings per share decreased to $5.62, while diluted earnings per share slightly increased to $5.45. The company also engaged in common stock repurchases totaling $17.50 million during the quarter.

HCI Group reported record first-quarter results for 2026, with pre-tax income rising to $115 million from $100 million in Q1 2025, and net income increasing to $85 million from $74 million. Diluted EPS grew to $5.45 from $5.35. The company also repurchased 110,071 shares for $17.5 million under its new $80 million share repurchase program. Gross premiums earned increased to $326 million, driven by a higher volume of insurance policies in force.

HCI Group, Inc. reported record operating results for 2025, with net income reaching $320 million and diluted EPS at $22.72. Net premiums earned increased by 21%, and book value per share grew 90% to $80.13. The company also successfully completed the initial public offering of its technology platform, Exzeo Group, Inc., retaining an 82.5% ownership stake in the now $2.0 billion valued subsidiary. Shareholders will vote on director elections, auditor ratification, and executive compensation at the upcoming Annual Meeting on June 10, 2026.

HCI Group, Inc. announced that its board of directors has declared a regular quarterly cash dividend of 40 cents per common share. This dividend is scheduled to be paid on June 18, 2026, to shareholders who are on record at the close of business on May 15, 2026. This action demonstrates the company's consistent approach to returning value to its shareholders.

HCI Group, Inc. announced its Annual Meeting of Shareholders will be held on Wednesday, June 10, 2026, at 3:00 p.m. Eastern Time at its headquarters in Tampa, Florida. Shareholders of record as of April 13, 2026, are eligible to vote. Key proposals include the election of one Class B Director and three Class C Directors, the ratification of external auditors, and an advisory vote on named executive officer compensation.

HCI Group, Inc. announced it will host a conference call on Wednesday, May 6, 2026, at 4:45 p.m. Eastern Time to discuss its first-quarter results for the period ended March 31, 2026. The financial results will be released via press release on the same day after market close. Interested parties can access the live presentation via dial-in or webcast, with a replay available afterward.