Major Rating Factors:
Good long-term capitalization index (6.7 on a scale of 0 to 10) 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. Return on equity has been low, averaging 1.8% over the past five years. Good overall results on stability tests (6.0) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.5% of capital. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Fair reserve development (4.3) as reserves have generally been sufficient to cover claims. In 2022 the two year reserve development was 17.5% deficient. Superior liquidity (9.5) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
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