HCI Group reported a highly successful 2025, characterized by record earnings and significant shareholder returns, including the successful IPO of its technology platform, Exzeo. The company is strategically positioned for future growth through organic expansion and potential acquisitions, while also planning to reinvest in the business via a share buyback program.
Fourth quarter net income of $108 million, a substantial increase from $4 million in the prior year quarter.
positiveFull year 2025 net income of $320 million, a significant improvement from $128 million in 2024.
positiveDiluted EPS for the fourth quarter was $7.25, up from $0.23 in the prior year quarter.
positiveFull year 2025 diluted EPS of $22.72, a substantial increase from $8.89 in 2024.
positiveGross premiums earned increased to $332 million in Q4 2025 from $297 million in Q4 2024, driven by higher policies in force.
positiveSuccessful IPO of Exzeo, a leading technology platform, contributing to shareholder returns.
positivePremiums ceded for reinsurance in Q4 2025 were $106 million, compared to $151 million in Q4 2024, which included a $51 million non-recurring amount related to Hurricane Milton.
attentionLosses and loss adjustment expenses in Q4 2025 included $6 million of favorable development, while Q4 2024 included a net loss of $78 million from Hurricane Milton.
attentionPolicy acquisition and other underwriting expenses increased to $33 million in Q4 2025 from $28 million in Q4 2024.
attentionGeneral and administrative personnel expenses increased to $72 million in 2025 from $63 million in 2024, primarily due to increased compensation and salaries.
attentionThe gross loss ratio for the full year 2025 was 19.6%, compared to 34.6% in 2024, indicating a significant reduction in losses.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Homeowners Choice | N/A | — | — | — |
TypTap Insurance Company | N/A | — | — | — |
Condo Owners Reciprocal Exchange | N/A | — | — | — |
Tailrow Reciprocal Exchange | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
2025 was a very successful year for HCI, delivering record earnings and shareholder returns.
HCI successfully executed the IPO of Exzeo, a leading technology platform.
Looking forward to 2026, we are exploring new areas of growth, both organically and through acquisition.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.