Start here if you're new
what it is
HCI sells homeowners insurance, runs an insurance software unit, and turns storm risk into earnings if pricing stays ahead of claims.
how it gets paid
Last year Hci made $901M in revenue.
why it's growing
Revenue grew 265.9% last year. SEC-verified results show revenue up 52% vs. prior year and EPS up 3052% vs. prior year.
what just happened
Latest quarter revenue reached $246M and EPS hit $7.25, which is wild for a stock trading near 7.9x trailing earnings.
At a glance
B+ balance sheet — decent shape, but not bulletproof
5/100 earnings predictability — expect surprises
7.9x trailing p/e — the market's not buying it — or you found a deal
16.1% return on capital — nothing to write home about
$8.89 fy2024 eps est
xvary composite: 54/100 — below average
What they do
HCI sells homeowners insurance, runs an insurance software unit, and turns storm risk into earnings if pricing stays ahead of claims.
HCI wins by owning both the insurance carrier and the software stack behind it. That means underwriting → pricing risk → so what: you can react faster when Florida gets weird. The company produced an estimated $8.89 in 2024 EPS on 552 employees, which is a lot of earnings per desk chair.
How they make money
$901M
annual revenue · their business grew +265.9% last year
total revenue
$901M
+265.9%
The products that matter
underwrites homeowners coverage
Homeowners Choice P&C Insurance
$315M gross premiums written in q3
This is the core business. Gross premiums written reached $315M last quarter, up 17% from a year ago, which tells you the engine is still expanding.
17% growth
runs the tech division
Exzeo Group
leadership update in dec 2025
The freshest data point here is a new CEO contract signed in December 2025. That tells you the company still cares about the segment, but disclosure is too thin to make it the thesis.
small side bet
Key numbers
$901M
annual revenue
SEC filings show a real insurer at scale. Against a roughly $2B market cap, you are paying about 2.2x sales for a business trading at 7.9x earnings.
$8.89
2024 eps
Earnings per share → profit for each share you own → so what: the stock price near $160.73 implies a single-digit multiple on this estimate.
16.1%
return on capital
Return on capital → profit from money put into the business → so what: HCI earns more on its capital than many insurers manage through a full cycle.
$229M
long-term debt
Debt is only 10% of capital per the base data. That gives HCI more room than a heavily levered insurer if claims spike.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 25 / 100
- long-term debt $229M (10% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for HCI right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Latest quarter revenue reached $246M and EPS hit $7.25, which is wild for a stock trading near 7.9x trailing earnings.
SEC-verified results show revenue up 52% vs. prior year and EPS up 3052% vs. prior year. Quiet part out loud: this is what a hard insurance market looks like when claims behave.
$246M
revenue
$7.25
eps
$108M
net income
the number that mattered
$7.25 in quarterly EPS matters most because annualized, that is roughly $29 a share, almost matching the $29.0 trailing EPS from consensus data.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the #1 risk is florida catastrophe concentration.
med
florida catastrophe concentration
HCI is tied to one of the most hurricane-exposed insurance markets in the country. When your core book lives in Florida, one bad storm season can rewrite the income statement fast.
A major loss year could put pressure on the earnings base that currently makes 7.2x earnings look cheap.
med
reinsurance and regulatory pressure
Property insurance is not just about writing policies. It is also about what it costs to protect that book and what regulators allow you to charge. If either moves the wrong way, margins can compress quickly.
That matters because the current thesis leans heavily on a 33.19% profit margin staying unusually strong.
med
limited moat and thin segment disclosure
There is no obvious switching-cost machine here, and the tech arm does not yet come with enough numbers to underwrite a second growth story. If the insurance economics cool off, there is not much else carrying the narrative.
In plain English: almost all of your confidence still has to come from the core underwriting business.
This is a $901M revenue company whose value still runs through Florida property underwriting, so a low multiple does not cancel the event risk.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
gross premiums need to stay healthy
Q3 gross premiums written reached $315M, up 17% from a year ago. If that growth stalls, the cheap-multiple argument gets weaker fast.
calendar
buyback follow-through matters more than the headline
The $80M authorization was the announcement. The next step is execution. Repurchasing stock at depressed multiples is only helpful if management actually uses the capacity.
risk
storm exposure is always one season away
This is the risk that can overwhelm all the clean-looking valuation math. You do not need a permanent problem here — just one ugly period.
trend
watch whether Exzeo becomes a number, not just a mention
The tech arm got a leadership update in December 2025. The next thing you want is operating evidence. Until then, it is optionality, not a pillar of the thesis.
Analyst rankings
earnings predictability
5 / 100
This score is near the bottom of the scale. In human-speak, analysts do not expect a smooth earnings stream here.
balance sheet quality
B+
Good enough to operate from a position of competence, but not so strong that you can ignore catastrophe exposure.
risk rank
3
Roughly middle of the pack. That fits a stock with strong current profits and very obvious external risk drivers.
source: institutional data
Institutional activity
institutional ownership data for HCI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$161
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive