HCI Group Offers Perspective on Hurricane Ian and Q3

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TAMPA, Fla., Oct. 10, 2022 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), a holding firm with operations in owners insurance, data expertise providers, actual property, and reinsurance, has revealed a video and presentation on our web site offering administration’s preliminary view on Hurricane Ian and an evaluation of the monetary affect of this occasion on HCI’s third quarter monetary outcomes.

The video and presentation will be discovered at firm’s web site situated at www.hcigroup.com.

“Our thoughts go out to all who have been affected by this hurricane. Our focus at this time is on our policyholders and ensuring their claims are handled quickly and efficiently,” stated Paresh Patel, HCI’s chairman and chief govt officer. “Earlier this year we secured a robust reinsurance program with four separate reinsurance towers that provide HCI with significant protection in Florida and in our expansion states. Additionally, HCI maintains significant reinsurance protection for the remainder of the contract year.”

About HCI Group, Inc.
HCI Group, Inc. owns subsidiaries engaged in various, but complementary business actions, together with owners insurance, reinsurance, actual property and data expertise providers. HCI’s main insurance operation, TypTap Insurance Company, is a quickly rising, technology-driven insurance firm that’s increasing nationwide to supply owners and flood insurance. TypTap’s operations are powered largely by insurance-related data expertise developed by HCI’s software program subsidiary, Exzeo USA, Inc. HCI’s largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., gives owners insurance primarily in Florida. HCI’s actual property subsidiary, Greenleaf Capital, LLC, owns and operates a number of properties in Florida, together with workplace buildings, retail facilities and marinas.

The firm’s frequent shares commerce on the New York Stock Exchange below the ticker image “HCI” and are included within the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. recurrently publishes monetary and different data within the Investor Information part of the corporate’s web site. For extra details about HCI Group and its subsidiaries, go to www.hcigroup.com.

Forward-Looking Statements
This information launch might comprise forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words resembling “anticipate,” “estimate,” “expect,” “intend,” “plan,” “confident,” “prospects” and “project” and different related phrases and expressions are meant to suggest forward-looking statements. Forward-looking statements should not ensures of future outcomes and circumstances, however reasonably are topic to varied dangers and uncertainties. For instance, the estimation of losses and loss adjustment bills is an inherently imprecise course of involving many assumptions and appreciable administration judgment. Some of those dangers and uncertainties are recognized within the firm’s filings with the Securities and Exchange Commission. Should any dangers or uncertainties turn into precise occasions, these developments might have materials opposed results on the corporate’s business, monetary situation and outcomes of operations. HCI Group, Inc. disclaims all obligations to replace any forward-looking statements.

Company Contact:
Simon Rosenberg
Investor Relations
HCI Group, Inc.
Tel (813) 405-5261
[email protected]

Investor Relations Contact:
Matt Glover
Gateway Group, Inc.
Tel (949) 574-3860
[email protected]



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