# HCI Group, Inc. (HCI)

> Source: Nexqual · https://nexqual.com/HCI · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, HCI Group, Inc. (HCI), nexqual.com/HCI" · informational, not investment advice.

**Price:** USD 204.06 (-1.27% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 206.68 · day 202.45–207.39 · 52w 144.75–208.8 · market cap $2.54B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $952M, net income $321M (33.7% margin), free cash flow $409M (SEC filings).
- Valuation: P/E 7.9x (avg 11.3x at the last 3 fiscal year-ends), net cash $841M.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (5 analysts), mean target USD 241.67 (range 225–265).
- Total return with dividends: 1Y -0.2% vs S&P 500 +13.4%; 5Y +67.1% vs S&P 500 +76.9%.
- Next earnings: 2026-11-04, EPS estimate USD 4.06, revenue estimate $253M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $408M | $500M | $551M | $750M | $901M | $952M |
| Net income | $1.9M | -$58.5M | $79.0M | $110M | $299M | $321M |
| EPS (diluted) | $0.21 | -$6.24 | $7.62 | $8.89 | $22.72 | — |
| Free cash flow | $93.2M | -$6.4M | $224M | $328M | $441M | $409M |
| Net margin | 0.5% | -11.7% | 14.4% | 14.7% | 33.2% | 33.7% |
| Revenue growth | +31.4% | +22.5% | +10.2% | +36.2% | +20.1% | — |
| Cash + short-term investments | $629M | $235M | $536M | $532M | $1.21B | — |
| Total debt | $45.5M | $212M | $208M | $185M | $31.9M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 7.9x · P/S 2.7x · EV/Sales 1.8x · P/FCF 6.2x · P/B 2.4x · FCF yield 16.13% · Earnings yield 12.63% · Dividend yield (paid, TTM) 0.81% · Buyback yield (TTM) 2.99% · Net cash $841M · EV $1.70B
P/E at fiscal year-ends: Dec 2025 8.3x, Dec 2024 13.4x, Dec 2023 12.2x.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 5 analysts; mean target USD 241.67 (low 225, high 265).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-07 | Citizens | Target raised | Market Outperform | $255 → $265 |
| 2026-07-09 | Cantor Fitzgerald | Initiated | Overweight | $225 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -0.2% | +67.1% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -0.2% | +10.8% |
| Volatility (annualized) | 29.2% | 43.4% |
| Max drawdown | -27.5% (Oct 2025→May 2026) | -77.8% (Nov 2021→Oct 2022) |

## Peers (Insurance - Property & Casualty)
SKWD (Skyward Specialty Insurance Gro) USD 60.39 -2.85% · PRCH (Porch Group, Inc.) USD 17.73 -1.17% · SLDE (Slide Insurance Holdings, Inc.) USD 28.55 +2.88% · HMN (Horace Mann Educators Corporati) USD 46.3 -2.26% · LMND (Lemonade, Inc.) USD 44.92 -1.08% · PLMR (Palomar Holdings, Inc.) USD 141.78 -1.90%

## More
Full page: https://nexqual.com/HCI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Insurance Operation | $216.7M | 87.9% | +5.3% |
| Exzeo Group Inc | $60.8M | 24.6% | +6.9% |
| Reciprocal Exchange Operation | $25.4M | 10.3% | +83.3% |
| Corporate & Other | $7.5M | 3.1% | +61.1% |
| Real Estate Operations | $4.6M | 1.9% | +30.7% |
| Total revenue | $246.7M | 100% | — |
The lines above cover 127.7% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $4.06 | $2.59 | +56.8% | $253.2M | 2 |
| Next quarter (ends 2026-12-31) | $5.54 | $4.88 | +13.6% | $250.9M | 2 |
| Current fiscal year (ends 2026-12-31) | $21.76 | $18.45 | +17.9% | $997.1M | 3 |
| Next fiscal year (ends 2027-12-31) | $20.60 | $18.79 | +9.6% | $1.07B | 3 |