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HCI Group HCI Insurance Operation — Policyholder Benefits And Claims Incurred Net

Other segment segments

Reciprocal Exchange Operation
$9.31M+92.2%
Corporate And Other
$0
Exzeo Group Inc
$0
Real Estate Operations
$0

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Other financials

Income statement

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Revenue$246.7M+11.1%
Net income$73.8M+11.5%
EPS (diluted)$5.60+8.1%

Balance sheet

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Cash & equivalents$872.3M-7.9%
Total debt$997.0K-20.2%
Total equity$1.1B+42.4%
Total assets$2.6B+12.6%

Cash flow

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Operating cash flow$125.1M-13.7%
CapEx$290.0K-44.4%
Free cash flow$124.8M-13.6%

Valuation

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Market cap$2.31B+43.0%
P/E7.2×-3.9×
P/S2.4×+0.3×

Profitability

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Net margin33.7%+14.9pp
FCF margin43%-19.1pp

Returns & leverage

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Return on equity34.9%+10.7pp
Debt / equity0.0×

Where this comes from

Reported directly by HCI Group in its filing.

Tagged under the XBRL concept us-gaap:PolicyholderBenefitsAndClaimsIncurredNet.

The source filing: HCI Group’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:16 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-340280
For Three Months Ended June 30, 2026Insurance OperationsExzeoReciprocal Exchange OperationsReal Estate (a)Corporate/Other (b)Reclassification/ EliminationConsolidated
Other4,34457,787(110)4,5675,630(67,083)5,135
Total revenue216,69960,75025,3604,5677,544(68,267)246,653
Expenses
Losses and loss adjustment expenses84,6979,308(22,929)71,076
Amortization of deferred policy acquisition costs27,7802,66430,444
Other policy acquisition expenses15,55710,0394,5173,228(31,439)1,902
Stock-based compensation expense6667601,9133,339
Interest expense1,122453631(1,122)1,084

Item 1 – Financial Statements

FAQ

What is HCI Group's insurance operation — policyholder benefits and claims incurred net?
HCI Group (HCI) reported insurance operation — policyholder benefits and claims incurred net of $84.7M in Q2 2026.
How has HCI Group's insurance operation — policyholder benefits and claims incurred net changed year-over-year?
HCI Group's insurance operation — policyholder benefits and claims incurred net increased by 2.8% year-over-year, from $82.37M to $84.7M.
What is the long-term trend for HCI Group's insurance operation — policyholder benefits and claims incurred net?
Over 2 years (2022 to 2025), HCI Group's insurance operation — policyholder benefits and claims incurred net has grown at a -12.2% compound annual growth rate (CAGR), from $388.02M to $298.82M.
What does insurance operation — policyholder benefits and claims incurred net mean?
This represents the net costs associated with settling insurance claims and providing policyholder benefits, adjusted for reinsurance recoveries. It is a critical indicator of underwriting discipline and the accuracy of the company's actuarial loss projections.

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