Major Rating Factors:
Poor long-term capitalization index (2.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). Fair reserve development (3.7) as the level of reserves has at times been insufficient to cover claims. In 2023 and 2022 the two year reserve development was 28.9% and 64.3% deficient respectively. Fair profitability index (3.0) with operating losses during 2021 and 2022.
Other Rating Factors:
Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.4% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
All states except AL, CA, CO, DC, DE, HI, ID, LA, ME, MN, NH, NY, OR, TN, TX, VA, VT, WI, WY
Principal Investments:
Investment grade bonds (51.6%), cash (27.1%), common stock (0.5%), non investment grade bonds (0.2%), other (20.7%)
Corporate Info
Group Affiliation
HCI Group Inc
Investment Rating
Company Address
1000 Century Park Drive
Tampa, FL 33607
Tampa, FL 33607
Phone Number
(813) 405-3661
NAIC Number
15885
Website
Largest Affiliates