HCI Group, Inc. logo

HCI Group, Inc. (0H5)

Market Closed
23 Dec, 20:00
XFRA XFRA
109. 00
+3
+2.83%
- Market Cap
20.5 P/E Ratio
1.6% Div Yield
13 Volume
5.22 Eps
106
Previous Close
Day Range
109 109
Year Range
77 115
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0H5 Chart

HCI Group, Inc. Profile

Insurance - Property & Casualty Industry
Financial Services Sector
Mr. Pareshbhai Suryakant Patel CEO
XFRA Exchange
US40416E1038 ISIN
United States Country
547 Employees
20 Dec 2024 Last Dividend
- Last Split
15 Sep 2008 IPO Date

Overview

HCI Group, Inc., a diversely involved entity, conducts operations across various sectors such as property and casualty insurance, insurance management, reinsurance, real estate, and information technology, primarily within the state of Florida. With its origins traced back to 2006, the company underwent a significant rebranding from Homeowners Choice, Inc. to HCI Group, Inc. in May 2013, symbolizing its expansive growth and diversified interests beyond its initial focus. Renowned for providing residential insurance products, including homeowners, fire, flood, and wind-only insurance, HCI Group attends to a wide range of clients from homeowners to tenants, ensuring coverage for a multitude of risks. Additionally, the company leverages its expertise by engaging in reinsurance programs, real estate operations concerning waterfront properties, retail shopping centers, office buildings, and further investment in commercial properties. Situated in Tampa, Florida, HCI Group integrates its insurance expertise with technological innovation, nurtured through its in-house development of web-based applications and products tailored for mobile devices, underscoring its forward-looking approach in the dynamic business landscape.

Products and Services

  • Residential Insurance Products
  • HCI Group extends comprehensive insurance options catering to homeowners, condominium owners, and tenants, encompassing homeowners, fire, flood, and wind-only insurance. This variety ensures targeted protection against specific risks prevalent within Florida, addressing a broad spectrum of needs for property owners and renters alike.

  • Reinsurance Programs
  • The company's involvement in reinsurance programs signifies its multifaceted operational dimensions, offering risk mitigation solutions that are essential in the insurance industry. By providing reinsurance services, HCI Group enhances its resilience against large-scale claims, facilitating steadier financial stability.

  • Real Estate Operations
  • Ownership and management of a diverse portfolio of real estate, including waterfront properties, retail shopping centers, and an office building, alongside the investment in additional commercial properties, highlight HCI Group's active participation in the real estate industry, aiming for long-term capital appreciation and income generation.

  • Technology Solutions
  • Emphasizing innovation, HCI Group designs and develops a range of web-based applications and mobile device products. These include:

    • SAMS: An online policy administration platform facilitating efficient policy management.
    • Harmony: A comprehensive policy administration system designed for optimal user experience.
    • ClaimColony: An end-to-end claims management platform ensuring streamlined handling of claims processes.
    • AtlasViewer: A mapping and data visualization platform that enhances the understanding of geographical data and trends.
    These technological solutions underline HCI Group's commitment to leveraging technology in optimizing insurance and real estate operations.

Contact Information

Address: 3802 Coconut Palm Drive
Phone: 813 849 9500