HCI Group — Third Quarter 2026 Earnings Summary

Financial Performance:

• Reported pre-tax income of $116 million for the third quarter of 2026, up from $91 million in the same period of 2025.
• Net income was $86 million in Q3 2026 compared to $68 million in Q3 2025; net income after noncontrolling interests was $83 million versus $66 million.
• Diluted earnings per share (EPS) reached $6.45 in Q3 2026, an increase from $4.90 in Q3 2025.
• Gross premiums earned were $316 million in Q3 2026, a 5% increase from $301 million in Q3 2025.
• Net premiums earned were $219 million in Q3 2026 compared to $195 million in Q3 2025.
• Gross loss ratio was 20.7% in Q3 2026, improving from 22.0% in Q3 2025.
• Losses and loss adjustment expenses were $65 million in Q3 2026 compared to $66 million in Q3 2025.
• Net investment income was $22 million in Q3 2026, up from $18 million in Q3 2025.
• Policy acquisition and other underwriting expenses were $32 million for both Q3 2026 and Q3 2025.
• General and administrative personnel expenses increased to $24 million in Q3 2026 from $21 million in Q3 2025.
• For the nine months ended September 30, 2026, pre-tax income was $343 million versus $285 million in the prior year period.
• Nine-month net income was $254 million compared to $212 million in the prior year; net income after noncontrolling interests was $231 million versus $201 million.
• Nine-month diluted EPS was $17.48 compared to $15.47 in the prior year.
• Nine-month gross premiums earned were $963 million, a 7% increase from $904 million in the prior year.
• Nine-month gross loss ratio was 21.0% for both the current and prior year periods.
• Total assets were $2.71 billion as of September 30, 2026, compared to $2.53 billion as of December 31, 2025.
• Total investments increased to $1.42 billion as of September 30, 2026, from $790 million as of December 31, 2025.
• Cash and cash equivalents were $744 million as of September 30, 2026, down from $1.21 billion as of December 31, 2025.
• Total liabilities were $1.49 billion as of September 30, 2026, compared to $1.41 billion as of December 31, 2025.
• Total stockholders' equity was $1.12 billion as of September 30, 2026, up from $1.04 billion as of December 31, 2025.
• Book value per share was $90.15 at the end of Q3 2026, compared to $63.41 at the end of Q3 2025.
• Dividends per share were $0.40 for both Q3 2026 and Q3 2025.

Business Segments and Product Lines:

• Gross written premiums for Homeowners Choice were $185.4 million in Q3 2026 versus $182.9 million in Q3 2025.
• Gross written premiums for TypTap Insurance Company were $107.4 million in Q3 2026 versus $110.0 million in Q3 2025.
• Gross written premiums for Condo Owners Reciprocal Exchange were $24.9 million in Q3 2026 versus $6.4 million in Q3 2025.
• Gross written premiums for Tailrow Reciprocal Exchange were $35.4 million in Q3 2026 versus $16.0 million in Q3 2025.
• Total gross written premiums were $353.1 million in Q3 2026 compared to $315.2 million in Q3 2025.
• Gross premiums earned for Homeowners Choice were $158.5 million in Q3 2026 versus $156.9 million in Q3 2025.
• Gross premiums earned for TypTap Insurance Company were $120.8 million in Q3 2026 versus $124.6 million in Q3 2025.
• Gross premiums earned for Condo Owners Reciprocal Exchange were $8.3 million in Q3 2026 versus $10.5 million in Q3 2025.
• Gross premiums earned for Tailrow Insurance Exchange were $28.5 million in Q3 2026 versus $9.1 million in Q3 2025.
• Premiums ceded for reinsurance were $97 million in Q3 2026, down from $106 million in Q3 2025, due to lower costs from new 2026-2027 catastrophe reinsurance programs.
• Nine-month premiums ceded for reinsurance were $303 million in 2026 compared to $308 million in 2025.
• Nine-month policy acquisition and other underwriting expenses were $96 million in 2026 versus $89 million in 2025.
• Nine-month general and administrative personnel expenses were $70 million in 2026 versus $61 million in 2025.

Other Key Points:

• A share repurchase program announced on March 3, 2026, to repurchase up to $80 million of shares was completed on July 17, 2026, with a total of 504,330 shares repurchased for $80 million.
• In the third quarter of 2026, the company repurchased 30,721 shares for $6 million.
• The company operates as a diversified holding company with subsidiaries in homeowners insurance, reinsurance, real estate, insurance claims services, and insurance technology (Exzeo Group).
• HCI Group common shares trade on the NYSE under the ticker "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index.
• Exzeo's common shares trade on the NYSE under the ticker "XZO."
• The company held a conference call on November 4, 2026, hosted by Chairman and CEO Paresh Patel, COO Karin Coleman, and CFO Mark Harmsworth.