Major Rating Factors:
Fair reserve development (3.8 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. Fair profitability index (3.7) with operating losses during 2020 and 2022. Average return on equity over the last five years has been poor at -1.1%. Good long-term capitalization index (5.4) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023.
Other Rating Factors:
Good overall results on stability tests (5.5) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 4.3% of capital. Stability strengths include good operational trends and excellent risk diversification. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Homeowners (85.1%), fire (14.9%)
Licensed in:
AR, CA, CT, FL, MA, MD, NC, NJ, OH, PA, RI, SC, TX
Principal Investments:
Investment grade bonds (45.3%), cash (33.4%), common stock (6.8%), preferred stock (0.8%), non investment grade bonds (0.6%), other (13.1%)
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