Major Rating Factors:
Fair reserve development (4.3 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2022 the two year reserve development was 17.5% deficient. Good long-term capitalization index (6.1) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023. Good overall profitability index (5.5) despite operating losses during 2020 and 2022.
Other Rating Factors:
Good overall results on stability tests (5.7) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 4.0% of capital. Stability strengths include good operational trends and excellent risk diversification. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Homeowners (83.8%), fire (16.2%)
Licensed in:
AR, CA, CT, FL, MA, MD, NC, NJ, OH, PA, RI, SC, TX
Principal Investments:
Investment grade bonds (66.2%), cash (20.5%), common stock (6.8%), preferred stock (0.7%), non investment grade bonds (0.4%), other (5.3%)
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