Major Rating Factors:
Good overall results on stability tests (6.4 on a scale of 0 to 10) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 3.0% of capital. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. In 2022 the two year reserve development was 17.5% deficient. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
Excellent profitability index (7.4) despite operating losses during 2022. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Homeowners (83.2%), fire (16.7%)
Licensed in:
AR, CA, CT, FL, MA, MD, NC, NJ, OH, PA, RI, SC, TX
Principal Investments:
Investment grade bonds (50.6%), cash (39.8%), common stock (7.2%), non investment grade bonds (0.4%), preferred stock (0.3%), other (1.7%)
Corporate Info
Group Affiliation
HCI Group Inc
Investment Rating
Company Address
3802 Coconut Palm Drive
Tampa, FL 33619
Tampa, FL 33619
Phone Number
(813) 405-3600
NAIC Number
12944
Website
Largest Affiliates