HCI Group, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
HCI$188.53+1.2%Stored close · as of Nov 10, 2026
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Item 15. Exhibits and Financial Statement Schedules
- Financial Statements
See Index to Consolidated Financial Statements in Part II, Item 8 of this Form 10-K.
- Financial Statement Schedules
All financial statement schedules are omitted because either they are not required, are included in the consolidated financial statements or notes thereto included elsewhere in this Annual Report on Form 10‑K, or are not material.
- Exhibits
The exhibits listed on the accompanying Index to Exhibits are filed, furnished, or incorporated by reference as part of this Annual Report on Form 10-K.
Index to Exhibits
The information required by this Item is set for on the index to exhibits below.
| Exhibit Number | Exhibit Description | Form | Exhibit | Filing Date |
|---|---|---|---|---|
| 3.1 | Articles of Incorporation, with amendments. | 10-Q | 3.1 | 8/7/2013 |
| 3.1.1 | Articles of Amendment to Articles of Incorporation designating the rights, preferences and limitations of Series B Junior Participating Preferred Stock. | 8-K | 3.1 | 10/18/2013 |
| 3.1.2 | Articles of Amendment to Articles of Incorporation canceling the rights, preferences and limitations of Series B Junior Participating Preferred Stock. | 8-K | 3.1 | 5/15/2020 |
| 3.2 | Bylaws, with amendments. | 8-K | 3.2 | 9/13/2019 |
| 4.1 | Form of common stock certificate. | 10-Q | 4.1 | 11/7/2013 |
| 4.2 | Common Stock Purchase Warrant, dated February 26, 2021, issued by HCI Group, Inc. to CB Snowbird Holdings, L.P. | 8-K | 4.1 | 3/1/2021 |
| 4.3 | Indenture, dated May 23, 2022, by and between HCI Group, Inc. and The Bank of New York Mellon Trust Company, N.A. | 10-Q | 4.3 | 8/9/2022 |
| 4.6 | Description of Securities Registered Under Section 12 of the Securities Exchange Act of 1934, as amended. | 10-K | 4.6 | 3/12/2021 |
| 4.9 | See Exhibits 3.1, 3.1.1, 3.1.2 and 3.2 of this report for provisions of the Articles of Incorporation, as amended, and our Bylaws, as amended, defining certain rights of security holders. | |||
| 4.10 | Indenture, dated March 3, 2017, between HCI Group, Inc. and The Bank of New York Mellon Trust Company, N.A. | 8-K | 4.1 | 3/3/2017 |
| 4.11 | Form of Global 4.25% Convertible Senior Note due 2037. | 8-K | 4.1 | 3/3/2017 |
| 10.1^ | HCI Group, Inc. 2012 Omnibus Incentive Plan as revised April 26, 2022. | 10-Q | 10.5 | 5/6/2022 |
| 10.2^ | Executive Employment Agreement dated November 23, 2016 between Mark Harmsworth and HCI Group, Inc. | 10-Q | 10.7 | 8/3/2017 |
| 10.3 | Reimbursement Contract effective June 1, 2024 between Homeowners Choice Property & Casualty Insurance Company, Inc. and the State Board of Administration of the State of Florida which administers the Florida Hurricane Catastrophe Fund. | 10-Q | 10.8 | 8/9/2024 |
| 10.4 | Reimbursement Contract effective June 1, 2024 between TypTap Insurance Company and the State Board of Administration of the State of Florida which administers the Florida Hurricane Catastrophe Fund. | 10-Q | 10.9 | 8/9/2024 |
| 10.5 | Underlying Second Layer Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2024 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.10 | 8/9/2024 |
| 10.6 | Second Layer Reinstatement Premium Protection Reinsurance Contract effective June 1, 2024 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.11 | 8/9/2024 |
| 10.7 | Third Layer Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2024 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.12 | 8/9/2024 |
| 10.8 | Third Layer Reinstatement Premium Protection Reinsurance Contract effective June 1, 2024 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.13 | 8/9/2024 |
| 10.9 | Catastrophe County Weighted Industry Loss Reinsurance Contract effective July 9, 2024 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.14 | 8/9/2024 |
| 10.10 | Panhandle Named Storm Property Catastrophe Excess of Loss Reinsurance Contract effective July 1, 2024 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.15 | 8/9/2024 |
| 10.11 | Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2024 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.16 | 8/9/2024 |
| 10.12 | Reinstatement Premium Protection Reinsurance Contract effective June 1, 2024 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.17 | 8/9/2024 |
| 10.13 | Layer 3B Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2024 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.18 | 8/9/2024 |
| 10.14 | Layer 3B Reinstatement Premium Protection Reinsurance Contract effective June 1, 2024 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.19 | 8/9/2024 |
| 10.15 | Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2024 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.20 | 8/9/2024 |
| 10.16 | Reinstatement Premium Protection Reinsurance Contract effective June 1, 2024 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.21 | 8/9/2024 |
| 10.17 | First and Second Layer Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2024 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.22 | 8/9/2024 |
| 10.18 | Layer 3C Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2024 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by subscribing reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.23 | 8/9/2024 |
| 10.19 | First Layer Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2025 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. and Tailrow Insurance Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.25 | 8/8/2025 |
| 10.20 | Second Layer Reinstatement Premium Protection Reinsurance Contract effective June 1, 2025 issued to Homeowners Choice Property & Casualty Company, Inc. and Tailrow Insurance Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K item 601(b)(10)(iv). | 10-Q | 10.26 | 8/8/2025 |
| 10.21 | Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2025 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. and Tailrow Insurance Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.27 | 8/8/2025 |
| 10.22 | Second Layer Reinstatement Premium Protection Reinsurance Contract effective June 1, 2025 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. and Tailrow Insurance Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.28 | 8/8/2025 |
| 10.23 | Second Layer Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2025 issued to Homeowners Choice Property & Casualty Insurance Company, Inc. and Tailrow Insurance Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.29 | 8/8/2025 |
| 10.24 | Reinstatement Premium Protection Reinsurance Contract effective June 1, 2025 issued to Homeowners Property & Casualty Insurance Company, Inc. and Tailrow Insurance Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.30 | 8/8/2025 |
| 10.25 | First Layer Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2025 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.31 | 8/8/2025 |
| 10.26 | Second Layer Reinstatement Premium Protection Reinsurance Contract effective June 1, 2025 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.32 | 8/8/2025 |
| 10.27 | Second Layer Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2025 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.33 | 8/8/2025 |
| 10.28 | Second Layer Reinstatement Premium Protection Reinsurance Contract effective June 1, 2025 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.34 | 8/8/2025 |
| 10.29 | Sixth Layer Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2025 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance | 10-Q | 10.35 | 8/8/2025 |
| Company, Inc. by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | ||||
|---|---|---|---|---|
| 10.30 | Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2025 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.36 | 8/8/2025 |
| 10.31 | Reinstatement Premium Protection Reinsurance Contract effective June 1, 2025 issued to TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.37 | 8/8/2025 |
| 10.32 | Reinstatement Premium Protection Contract effective June 1, 2025 issued to Condo Owners Reciprocal Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10) (iv). | 10-Q | 10.38 | 8/8/2025 |
| 10.33 | Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2025 issued to Condo Owners Reciprocal Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.39 | 8/8/2025 |
| 10.34 | Equity Distribution Agreement between HCI Group, Inc., Truist Securities, Inc. and Citizens JMP Securities, LLC. | S-3 | 1.2 | 1/22/2024 |
| 10.35 | Amended and Restated Common Stock Purchase Warrant between HCI Group, Inc. and CB Snowbird Holdings, L.P. | S-3 | 4.17 | 1/22/2024 |
| 10.36 | Registration Rights Agreement between HCI Group, Inc. and CB Snowbird Holdings, L.P. | S-3 | 4.18 | 1/22/2024 |
| 10.37 | Stock Redemption Agreement between TypTap Insurance Group, Inc. and CB Snowbird Holdings, L.P. | S-3 | 4.19 | 1/22/2024 |
| 10.38 | Assumption Agreement between Homeowners Choice Property & Casualty Insurance Company, Inc. and Citizens Property Insurance Corporation. | 8-K | 99.1 | 10/2/2023 |
| 10.39 | Assumption Agreement between TypTap Insurance Company and Citizens Property Insurance Corporation. | 8-K | 99.1 | 11/6/2023 |
| 10.40 | Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2025 issued to Condo Owners Reciprocal Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.46 | 8/8/2025 |
| 10.41 | Property Catastrophe Excess of Loss Reinsurance Contract effective June 1, 2025 issued to Condo Owners Reciprocal Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.47 | 8/8/2025 |
| 10.42^ | Exzeo Group, Inc. 2021 Equity Incentive Plan. | 8-K | 10.5 | 3/1/2021 |
| 10.43^ | Form of Restricted Stock Award Agreement of TypTap Insurance Group, Inc. | 8-K | 10.6 | 3/1/2021 |
| 10.44^ | Stock Option Agreement between Paresh Patel and TypTap Insurance Group, Inc. dated October 1, 2021. | 8-K | 99.1 | 10/7/2021 |
| 10.45^ | Exzeo Group, Inc. 2021 Omnibus Incentive Plan. | 8-K | 99.2 | 10/7/2021 |
| 10.46^ | Form of Stock Option Award under the Exzeo Group, Inc. 2021 Omnibus Plan. | S-1 | 10.17 | 9/25/2025 |
| 10.47^ | Form of Restricted Stock Award Agreement under the Exzeo Group, Inc. 2021 Omnibus Plan. | S-1 | 10.18 | 9/25/2025 |
| 10.48^ | Stock Option Agreement between Paresh Patel and HCI Group, Inc. dated September 15, 2023. | 10-Q | 10.54 | 11/8/2023 |
| 10.49^ | Form of executive restricted stock award contract. | 10-Q | 10.57 | 5/1/2014 |
| 10.50 | Facultative Excess of Loss Reinsurance Contract effective June 1, 2025 issued to Condo Owners Reciprocal Exchange by Subscribing Reinsurers. Portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). | 10-Q | 10.59 | 8/8/2025 |
| 10.51 | Amended and Restated Credit Agreement, dated June 2, 2023, between HCI Group, Inc. and Fifth Third Bank. | 8-K | 99.1 | 6/8/2023 |
| 10.52 | Security and Pledge Agreement, dated June 2, 2023, between HCI Group, Inc. and Fifth Third Bank. | 8-K | 99.2 | 6/8/2023 |
| 10.53 | Revolving Credit Promissory Note, dated June 2, 2023, between HCI Group, Inc. and Fifth Third Bank. | 8-K | 99.3 | 6/8/2023 |
| 10.54 | Second Amended and Restated Credit Agreement, dated November 3, 2023, between HCI Group, Inc. and Fifth Third Bank. | 8-K | 99.1 | 11/9/2023 |
| 10.55 | Second Amended and Restated Security and Pledge Agreement, dated November 3, 2023, between HCI Group, Inc. and Fifth Third Bank. | 8-K | 99.2 | 11/9/2023 |
| 10.56 | Renewed, Amended and Restated Revolving Credit Promissory Note, dated November 3, 2023, between HCI Group, Inc. and Fifth Third Bank. | 8-K | 99.3 | 11/9/2023 |
| 10.57^ | Executive Employment Agreement between Paresh Patel and HCI Group, Inc. dated April 17, 2024. | 8-K | 99.1 | 4/23/2024 |
| 10.58^ | Restricted Stock Award Contract between Paresh Patel and HCI Group, Inc. dated April 17, 2024. | 8-K | 99.2 | 4/23/2024 |
| 10.59^ | Restricted Stock Award Contract between Paresh Patel and HCI Group, Inc. dated January 16, 2020. | 8-K | 99.1 | 1/23/2020 |
| 10.60^ | Nonqualified Stock Option Agreement between Paresh Patel and HCI Group, Inc. dated January 16, 2020. | 8-K | 99.2 | 1/23/2020 |
| 10.61 | Reimbursement Contract effective June 1, 2025 between Condo Owners Reciprocal Exchange and the State Board of Administration of the State of Florida which administers the Florida Hurricane Catastrophe Fund. | 10-Q | 10.107 | 8/8/2025 |
| 10.62 | Reimbursement Contract effective June 1, 2025 between Homeowners Choice Property & Casualty Insurance Company, Inc. and the State Board of Administration of the State of Florida which administers the Florida Hurricane Catastrophe Fund. | 10-Q | 10.108 | 8/8/2025 |
| 10.63 | Reimbursement Contract effective June 1, 2025 between Tailrow Insurance Exchange and the State Board of Administration of the State of Florida which administers the Florida Hurricane Catastrophe Fund. | 10-Q | 10.109 | 8/8/2025 |
| 10.64 | Reimbursement Contract effective June 1, 2025 between TypTap Insurance Company and the State Board of Administration of the State of Florida which administers the Florida Hurricane Catastrophe Fund. | 10-Q | 10.110 | 8/8/2025 |
| 10.65 | Property Quota Share Reinsurance Contract effective December 31, 2020 issued to United Property and Casualty Insurance Company by Homeowners Choice Property & Casualty Insurance Company. | 10-K | 10.124 | 3/10/2022 |
| 10.66 | Renewal Rights Agreement effective January 18, 2021 by and among United Property and Casualty Insurance Company, United Insurance Holdings Corp., United Insurance Management, L.C. and Homeowners Choice Property & Casualty Insurance Company. | 10-K | 10.125 | 3/10/2022 |
| 10.67 | Property Quota Share Reinsurance Contract effective June 1, 2021 issued to United Property and Casualty Insurance Company by Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company. | 10-K | 10.126 | 3/10/2022 |
| 10.68 | Renewal Rights Agreement effective December 30, 2021 by and among United Property and Casualty Insurance Company, United Insurance Holdings Corp., United Insurance Management, L.C. and Homeowners Choice Property & Casualty Insurance Company. | 10-K | 10.127 | 3/10/2022 |
| 10.69 | Property Quota Share Reinsurance Contract effective December 31, 2021 issued to United Property and Casualty Insurance Company by Homeowners Choice Property & Casualty Insurance Company. | 10-K | 10.128 | 3/10/2022 |
| 10.70 | Property Quota Share Reinsurance Contract effective June 1, 2022 issued to United Property and Casualty Insurance Company by TypTap Insurance Company. | 10-Q | 10.129 | 8/9/2022 |
| 10.71^ | Exzeo Group Inc. 2025 Omnibus Incentive Plan. | S-1/A | 10.19 | 10/16/2025 |
| 10.72^ | Form of Stock Option Award under the 2025 Omnibus Plan. | S-1/A | 10.20 | 10/16/2025 |
| 10.73^ | Form of Restricted Stock Award Agreement under the 2025 Omnibus Plan. | S-1/A | 10.21 | 10/16/2025 |
| 10.74^ | Employment Agreement, dated December 9, 2025, by and between Exzeo Group, Inc. and Paresh S. Patel. | 8-K | 99.1 | 12/23/2025 |
| 14 | Code of Conduct of HCI Group, Inc. | 10-Q | 14 | 8/7/2013 |
| 19.1 | HCI Group, Inc. Insider Trading Policy. | 10-K | 19.1 | 2/28/2025 |
| 21* | Subsidiaries of HCI Group, Inc. | |||
| 23.1* | Consent of Forvis Mazars, LLP. | |||
| 31.1* | Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |||
| 31.2* | Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |||
| 32.1** | Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | |||
| 32.2** | Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | |||
| 97^ | HCI Group, Inc. Clawback Policy. | 10-K | 97 | 3/8/2024 |
| 101* | XBRL Instant Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | |||
| 104* | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||
- Filed herewith.
** Furnished herewith.
^ Management contract or compensatory plan.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.