← HCI Group, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss (income) from limited partnership investments | ($1.2m) | ($2.3m) | ($4.4m) | ($1.2m) | $1.6m | ($4.9m) | ($4.0m) | ($661k) | ($597k) | $820k | — | |
| Net Income (Loss) Attributable to Parent | $29.0m |
($6.9m)
-123.75%
|
$17.7m
+357.14%
|
$26.6m
+49.94%
|
$27.6m
+3.78%
|
$1.9m
-93.27%
|
($58.5m)
-3252.53%
|
$79.0m
+235.08%
|
$110.0m
+39.12%
|
$299.0m
+171.94%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $29.0m |
($6.9m)
-123.75%
|
$17.7m
+357.14%
|
$25.1m
+41.77%
|
$26.1m
+3.94%
|
$1.8m
-92.99%
|
($55.0m)
-3104.80%
|
$76.4m
+238.80%
|
$105.8m
+38.52%
|
$287.0m
+171.12%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | $26.6m | $27.6m | $7.2m | ($54.6m) | $89.3m | $127.6m | $320.4m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | $0 | $5.4m | $3.9m | $10.2m | $17.6m | $21.4m | — | |
| Depreciation, Depletion and Amortization | $1.3m | $1.2m | $1.4m | $1.6m | $1.9m | $2.2m | $4.8m | $5.7m | $6.2m | $6.6m | $8.9m | |
| Depreciation, Amortization and Accretion, Net | $5.4m | $9.6m | $11.0m | $8.9m | $8.7m | $5.5m | $8.0m | $8.2m | $4.3m | $11.2m | $8.9m | |
| Amortization of Debt Issuance Costs and Discounts | $3.5m | $6.4m | $7.5m | $4.8m | $4.2m | $827k | $706k | $1.1m | $1.2m | $2.4m | — | |
| Amortization of Intangible Assets | $77k | $503k | $604k | $608k | $624k | $761k | $2.6m | $2.5m | $2.5m | $2.5m | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $37.9m | $35.7m | $35.2m | $37.1m | $49.1m | $87.0m | $100.7m | $86.2m | $94.5m | $115.3m | — | |
| Deferred Income Tax Expense (Benefit) | $155k | ($4.9m) | $140k | $1.9m | $8.1m | $1.1m | ($9.9m) | ($1.1m) | $2.4m | ($1.9m) | $1.4m | |
| Share-based Payment Arrangement, Noncash Expense | $4.2m | $4.5m | $4.6m | $6.5m | $8.1m | $13.8m | $15.1m | $9.3m | $10.2m | $11.0m | $12.0m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $15.1m | $9.3m | $10.2m | $11.0m | $12.0m | |
| Stock-based compensation expense | $4.2m | $4.5m | $4.6m | $6.5m | $8.1m | $13.8m | $15.1m | $9.3m | $10.2m | $11.0m | $12.0m | |
| Equity Method Investment, Other than Temporary Impairment | $0 | $0 | $0 | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | $2.3m | $0 | $0 | — | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | $4.3m | $6.2m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | ($234k) | $304k | ($83k) | ($57k) | $417k | $495k | $0 | $0 | — | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($0) | — | — | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $124.7m | $165.6m | $109.3m | $107.5m | $160.0m | $227.5m | $371.5m | $254.6m | $374.7m | $241.8m | — | |
| Unearned premiums | ($11.5m) | ($10.9m) | ($7.2m) | $23.4m | $88.2m | $97.3m | $1.3m | $133.1m | $83.5m | $58.6m | — | |
| Accrued expenses and other liabilities | ($2.2m) | $2.5m | $2.4m | $9.4m | $16.9m | $1.6m | ($8.4m) | $14.3m | $2.8m | $10.9m | — | |
| Increase (Decrease) in Other Operating Assets | ($29.1m) | ($574k) | ($408k) | $7.8m | $4.6m | ($4.5m) | $15.6m | $19.9m | ($40.5m) | $10.9m | — | |
| Other assets | $29.1m | $574k | $408k | ($7.8m) | ($4.6m) | $4.5m | ($15.6m) | ($19.9m) | $40.5m | ($10.9m) | — | |
| Other Operating Income (Expense), Net | ($42.7m) | ($40.0m) | ($40.4m) | ($47.1m) | ($50.8m) | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $88.0m |
$16.4m
-81.33%
|
$28.6m
+74.08%
|
$54.0m
+89.01%
|
$77.3m
+43.04%
|
$96.5m
+24.82%
|
($12k)
-100.01%
|
$230.7m
+1922250.00%
|
$331.8m
+43.86%
|
$444.4m
+33.94%
|
$411.4m
-7.44%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $865k | $2.3m | $2.2m | $2.9m | $6.4m | $3.3m | $6.3m | $6.5m | $4.1m | $3.6m | ($2.0m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | — | — | $21k | $0 | $0 | $14k | $0 | ($2.7m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $4.7m | $14.9m | $82.2m | $59.3m | $84.5m | $23.4m | $151.4m | $328.7m | $457.1m | $627.6m | — | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | $611k | $0 | $0 | $0 | $0 | — | — | |
| Unrealized Gain (Loss) on Investments | — | $92k | ($10.2m) | — | — | — | — | — | — | — | $106k | |
| Net accretion of discount on investments in available-for-sale fixed-maturity securities | $726k | $1.3m | $761k | $50k | ($100k) | $169k | ($961k) | ($4.5m) | ($3.4m) | ($2.5m) | — | |
| Distributions of return on investment from limited partnership investments | $544k | $881k | $2.3m | $4.2m | $1.2m | $3.6m | $3.0m | $1.1m | $1.0m | $1k | — | |
| Gain on sale of real estate investments | — | — | — | — | $0 | $0 | ($376k) | ($8.8m) | $0 | ($440k) | — | |
| Investments in limited partnerships | ($4.7m) | ($4.2m) | ($7.2m) | ($1.2m) | ($4.2m) | ($3.8m) | ($2.0m) | ($1.5m) | ($1.2m) | $0 | — | |
| Distributions of return of capital from limited partnership investments | — | $11.8m | $158k | $2.1m | $2.1m | $4.7m | $5.4m | $3.1m | $3.6m | $2.3m | — | |
| Purchase of real estate investments | ($2.3m) | ($11.9m) | ($7.5m) | ($11.5m) | ($3.0m) | ($1.4m) | ($841k) | ($21.4m) | ($16.1m) | ($28.4m) | — | |
| Purchase of other investments | — | — | — | — | — | — | — | $0 | $0 | ($5.0m) | — | |
| Purchase of short-term and other investments | — | — | ($201.5m) | ($1.2m) | ($200k) | ($1.3m) | ($42k) | ($81k) | $0 | $0 | — | |
| Proceeds from sales of real estate investments | — | — | — | — | $0 | $0 | $667k | $21.7m | $0 | $2.0m | — | |
| Proceeds from sales, redemptions and maturities of short-term and other investments | — | — | $135.3m | $67.4m | $997k | $3.6m | $570k | $53k | $0 | $0 | — | |
| Unrealized gain on investments in available-for-sale fixed-maturity securities, net of income taxes | $4.4m | $1.9m | ($2.8m) | $3.6m | ($634k) | ($1.1m) | ($10.8m) | $7.0m | $2.6m | ($2.2m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $11.7m | — | — | — | — | — | — | — | — | — | $270k | |
| Net Cash Provided by (Used in) Investing Activities | ($49.0m) | ($80.2m) | ($17.7m) | $50.5m | $143.2m | $36.9m | ($434.5m) | $4.3m | ($260.1m) | $87.3m | ($533.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | $974k | $1.1m | — | — | — | — | — | — | — | ($4.8m) | |
| Proceeds from Issuance of Long-term Debt | $18.2m | $143.9m | $6.0m | — | $10.0m | $0 | $172.5m | $12.0m | $0 | $17.0m | $17.0m | |
| Gain (Loss) on Extinguishment of Debt | — | ($743k) | — | — | ($98k) | $0 | $0 | ($177k) | $0 | $0 | — | |
| Induced Conversion of Convertible Debt Expense | — | — | — | — | — | $1.8m | $0 | $0 | — | $1.1m | — | |
| Loss on extinguishment of debt | — | $743k | $0 | $0 | $98k | $0 | $0 | $177k | $0 | $0 | — | |
| Debt conversion expense | — | — | — | $0 | $0 | $1.8m | $0 | $0 | $0 | $1.1m | — | |
| (Repayment) borrowing under revolving credit facility, net | — | — | — | — | $14.0m | ($8.8m) | ($15.0m) | $0 | $44.0m | ($8.0m) | — | |
| Repayment of long-term debt | ($455k) | ($974k) | ($1.1m) | ($91.3m) | ($17.0m) | ($970k) | ($1.0m) | ($562k) | ($519k) | ($646k) | — | |
| Redemption of long-term debt | — | — | — | — | — | $0 | $0 | ($6.9m) | ($466k) | $0 | — | |
| Debt conversion costs paid | — | — | — | — | $0 | ($1.9m) | $0 | $0 | $0 | ($1.1m) | — | |
| Debt issuance costs paid | ($339k) | ($5.0m) | ($105k) | ($459k) | ($165k) | ($152k) | ($6.0m) | ($378k) | ($99k) | ($538k) | — | |
| Payments for Repurchase of Common Stock | $464k | $30.7m | $1.2m | $1.2m | $1.5m | $1.3m | $71.2m | $784k | $1.0m | $1.5m | — | |
| Payments of Ordinary Dividends, Common Stock | $12 | $14 | $11 | $13 | $13 | $14 | $15 | $14 | $17 | $19 | ($20.6m) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | $0 | $0 | $84.6m | $0 | $0 | $800k | |
| Common stock dividends | — | — | — | — | — | — | — | ($14) | ($17) | ($19) | — | |
| Common stock issued | — | — | — | $0 | $0 | $5.4m | $0 | $0 | — | — | — | |
| Payment of net share settlements and other | ($464k) | ($30.7m) | ($1.2m) | ($1.2m) | ($1.5m) | ($1.3m) | ($71.2m) | ($784k) | ($1.0m) | ($1.5m) | — | |
| Payment of net share settlements of noncontrolling interests and other | ($2.1m) | — | ($539k) | $0 | $0 | ($55k) | ($406k) | ($354k) | ($481k) | ($1.5m) | — | |
| Net cash (used in) provided by financing activities | ($26.2m) |
$39.0m
+249.21%
|
($27.3m)
-169.92%
|
($114.7m)
-320.42%
|
($16.7m)
+85.44%
|
$64.3m
+484.92%
|
$41.1m
-36.13%
|
$67.1m
+63.43%
|
($75.2m)
-212.00%
|
$146.2m
+294.48%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | ($26.2m) | — | ($27.3m) |
($114.7m)
-320.42%
|
($16.7m)
+85.44%
|
$64.3m
+484.92%
|
$41.1m
-36.13%
|
$67.1m
+63.43%
|
($75.2m)
-212.00%
|
$146.2m
+294.48%
|
$47.9m
-67.21%
|
|
| Net increase (decrease) in cash and cash equivalents and restricted cash | — | ($24.4m) | ($16.5m) | ($10.2m) | $203.8m | $197.6m | ($393.6m) | $302.0m | ($3.6m) | $677.7m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($10.2m) | $203.8m | $197.6m | ($393.6m) | $302.0m | ($3.6m) | $677.7m | $877.1m | |
| Cash, cash equivalents and restricted cash at beginning of year | $268.0m | $281.1m | $256.7m | $229.9m | $433.7m | $631.3m | $237.8m | $539.8m | $536.2m | $1.2b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $240.2m | $229.9m | $433.7m | $631.3m | $237.8m | $539.8m | $536.2m | $1.2b | $877.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($164k) | ($22k) | $2k | ($54k) | ($98k) | ($42k) | ($112k) | ($229k) | ($363k) | |
| Effect of exchange rate changes on cash | $3k | $61k | ($164k) | ($22k) | $2k | ($54k) | ($98k) | ($42k) | ($112k) | ($229k) | ($363k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $7.2m | $8.9m | $10.7m | $9.4m | $7.5m | $7.1m | $6.2m | $9.2m | $12.7m | $5.7m | — | |
| Income Taxes Paid, Net | $18.9m | $11.5m | $3.7m | $7.7m | $6.2m | $2.4m | $146k | $19.0m | $54.1m | $104.4m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($10.2m) | $8.0m | $679k | $1.4m | ($7.2m) | $3.2m | $2.6m | $123k | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($29k) | $60k | ($135k) | ($57k) | ($32k) | ($64k) | ($108k) | ($60k) | ($133k) | ($172k) | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | $2.8m | — | — | — | — | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | — | $376k | $8.8m | $0 | $440k | — | |
| Income Tax Expense (Benefit) | $17.8m | ($8.7m) | $9.2m | $9.5m | $9.3m | $4.0m | ($13.8m) | $28.4m | $45.8m | $108.9m | — | |
| Proceeds from (Payments to) Noncontrolling Interests | ($2.1m) | — | ($539k) | — | — | ($55k) | ($406k) | ($354k) | ($481k) | ($1.5m) | — | |
| Proceeds from Stock Options Exercised | $150k | $75k | — | $63k | $63k | $0 | $0 | — | — | — | — | |
| Stock or Unit Option Plan Expense | — | — | — | — | — | — | — | — | — | $0 | — | |
| Net realized investment (gains) losses | ($2.6m) | ($4.3m) | ($6.2m) | $254k | ($1.0m) | ($6.5m) | $1.2m | $2.0m | ($3.4m) | ($2.8m) | — | |
| Net unrealized investment losses (gains) | — | ($92k) | $10.2m | ($8.0m) | ($679k) | ($1.4m) | $7.2m | ($3.2m) | ($2.6m) | ($123k) | — | |
| Foreign currency remeasurement loss | $29k | ($60k) | $135k | $57k | $32k | $64k | $108k | $60k | $133k | $172k | — | |
| Other non-cash items | $18k | $134k | $72k | $290k | $46k | $61k | ($47k) | $158k | $308k | $301k | — | |
| Income taxes | ($1.2m) | ($13.4m) | $15.2m | ($69k) | ($3.5m) | $470k | $1.3m | $10.5m | ($2.7m) | $6.5m | — | |
| Premiums receivable, net | $2.4m | ($531k) | $1.1m | ($3.6m) | ($48.1m) | $225k | $33.2m | ($3.0m) | ($12.5m) | ($6.9m) | — | |
| Assumed premiums receivable | — | — | — | — | — | $0 | $0 | ($20.0m) | $20.0m | $0 | — | |
| Prepaid reinsurance premiums | $16.2m | $2.3m | $4.4m | ($51k) | ($18.4m) | $10.0m | ($40.3m) | ($19.6m) | ($5.8m) | $41.9m | — | |
| Reinsurance recoverable | — | ($103.1m) | ($20.8m) | ($8.8m) | $47.4m | $8.5m | ($612.1m) | $338.4m | ($208.2m) | $268.6m | — | |
| Deferred policy acquisition costs | $2.0m | ($73k) | $205k | ($5.2m) | ($22.2m) | ($13.8m) | $12.2m | $2.6m | ($11.4m) | ($5.4m) | — | |
| Funds withheld for assumed business | — | — | — | $0 | $0 | ($73.7m) | $24.9m | $18.7m | $18.4m | $6.4m | — | |
| Losses and loss adjustment expenses | $18.8m | $128.1m | $9.0m | $7.1m | ($2.5m) | $25.0m | $626.6m | ($278.7m) | $260.8m | ($269.4m) | — | |
| Advance premiums | ($332k) | $297k | $1.2m | ($603k) | $5.8m | $2.4m | $4.8m | ($2.7m) | $3.0m | $435k | — | |
| Reinsurance payable on paid losses and loss adjustment expenses | — | — | — | $0 | $0 | $4.0m | $4.6m | ($5.5m) | ($649k) | ($2.5m) | — | |
| Ceded reinsurance premiums payable | — | — | — | $5.2m | ($3.4m) | $9.6m | ($1.7m) | ($8.7m) | $9.4m | $9.3m | — | |
| Assumed premiums payable | $2.2m | ($3.3m) | ($1k) | $62k | $11k | ($87k) | $0 | $850k | $1.3m | ($432k) | — | |
| Reinsurance recovered in advance on unpaid losses | — | $13.9m | ($13.9m) | — | $0 | $0 | $19.9m | ($19.9m) | $0 | $0 | — | |
| Distributions received from unconsolidated joint venture | — | $417k | $695k | $6.0m | $9k | $623k | $351k | $18k | $0 | $0 | — | |
| Purchase of intangible assets | — | ($637k) | ($409k) | — | $0 | $0 | ($3.8m) | ($1.8m) | $0 | $0 | — | |
| Purchase of available-for-sale fixed-maturity securities | ($85.5m) | ($114.7m) | ($113.2m) | ($82.7m) | ($35.0m) | ($18.3m) | ($614.8m) | ($332.2m) | ($804.0m) | ($508.5m) | — | |
| Purchase of equity securities | ($22.4m) | ($50.5m) | ($52.2m) | ($24.6m) | ($68.2m) | ($102.8m) | ($22.9m) | ($20.5m) | ($32.6m) | ($41.7m) | — | |
| Proceeds from sales of available-for-sale fixed-maturity securities | $40.5m | $31.8m | $81.8m | $7.9m | $81.4m | $23.1m | $11.7m | $22.3m | $111.4m | $7.7m | — | |
| Proceeds from calls, repayments and maturities of available-for-sale fixed-maturity securities | $4.7m | $14.9m | $82.2m | $59.3m | $84.5m | $23.4m | $151.4m | $328.7m | $457.1m | $627.6m | — | |
| Proceeds from sales of equity securities | $23.1m | $45.3m | $66.4m | $37.7m | $47.3m | $112.3m | $31.6m | $12.2m | $25.8m | $35.0m | — | |
| Proceeds from issuance of noncontrolling interests | — | — | — | — | — | — | — | $0 | $0 | $156.2m | — | |
| Issuance costs - noncontrolling interests | — | — | — | — | — | — | — | $0 | $0 | ($1.1m) | — | |
| Subscriber surplus contributions, net | — | — | — | — | — | — | $0 | $0 | $2.9m | $6.7m | — | |
| Redemption of redeemable noncontrolling interests | — | — | — | — | — | — | $0 | $0 | ($100.0m) | $0 | — | |
| Payable on purchases of equity securities | — | — | — | $0 | $7k | $0 | $0 | $379k | $0 | $187k | — | |
| Receivable from maturities of available-for-sale fixed-maturity securities | — | — | — | — | — | $0 | $0 | $91.1m | $0 | $0 | — | |
| Conversion of Convertible Senior Notes | — | $9.4m | — | $0 | $0 | $114.9m | $0 | $0 | $23.4m | $172.5m | — | |
| Warrants issued in Centerbridge transaction | — | — | — | $0 | $0 | $9.2m | $0 | $0 | — | — | — | |
| Asset acquired under finance lease | — | — | — | $18k | $0 | $6k | $0 | $0 | — | — | — | |
| Assumed liability | — | — | — | — | — | $0 | $0 | $4k | $0 | $0 | — | |
| Contingent consideration payable | — | — | — | $0 | $0 | $2.4m | $1.1m | $0 | $0 | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.