HCI Group Declares Quarterly Cash Dividend
February 04 2025 - 4:30PM
The board of directors of
HCI Group, Inc.
(NYSE: HCI), a holding company with operations in
homeowners insurance, information technology services, real estate,
and reinsurance, has declared a regular quarterly cash dividend in
the amount of 40 cents per common share. The dividend is scheduled
to be paid March 21, 2025 to shareholders of record at the close of
business February 21, 2025.
About HCI Group, Inc.HCI Group,
Inc. owns subsidiaries engaged in diverse, yet complementary
business activities, including homeowners insurance, information
technology services, insurance management, real estate, and
reinsurance. HCI’s leading insurance operation, TypTap Insurance
Company, is a technology-driven homeowners insurance company.
TypTap’s operations are powered in large part by insurance-related
information technology developed by HCI’s software subsidiary,
Exzeo USA, Inc. HCI’s largest subsidiary, Homeowners Choice
Property & Casualty Insurance Company, Inc., provides
homeowners insurance primarily in Florida. HCI’s real estate
subsidiary, Greenleaf Capital, LLC, owns and operates multiple
properties in Florida, including office buildings, retail centers
and marinas.
The company's common shares trade on the New York Stock Exchange
under the ticker symbol "HCI" and are included in the Russell 2000
and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes
financial and other information in the Investor Information section
of the company’s website. For more information about HCI Group and
its subsidiaries, visit www.hcigroup.com.
Forward-Looking StatementsThis news release may
contain forward-looking statements made pursuant to the Private
Securities Litigation Reform Act of 1995. Words such as
“anticipate,” “estimate,” “expect,” “intend,” “plan,” “confident,”
“prospects” and “project” and other similar words and expressions
are intended to signify forward-looking statements. Forward-looking
statements are not guarantees of future results and conditions but
rather are subject to various risks and uncertainties. There can be
no assurance, for example, that changes in the company’s cash flow
and cash balances will not impact the ability or willingness of HCI
Group to pay a dividend. Some of these risks and uncertainties are
identified in the company’s filings with the Securities and
Exchange Commission. Should any risks or uncertainties develop into
actual events, these developments could have material adverse
effects on the company’s business, financial condition and results
of operations. HCI Group, Inc. disclaims all obligations to update
any forward-looking statements.
Company Contact:Bill Broomall, CFA Investor
RelationsHCI Group, Inc.Tel (813) 776-1012wbroomall@typtap.com
Investor Relations Contact:Matt GloverGateway
Group, Inc. Tel 949-574-3860HCI@gatewayir.com
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