Hci Group, Inc. · NYSE:HCI
Hci — Investor Presentation (May 2026)
26 slides from Hci's investor presentation, May 2026
Slide 1: Investor Presentation
Investor Presentation NYSE: HCI | M AY 2 0 2 6
Slide 2: Forward-Looking Statement
This presentation includes certain forward‐looking statements and information, including statements regarding plans, strategies and expectations of HCI Group, Inc. (“HCI” or the “Company”). When used in this Forward-Looking presentation, words such as “believes,” “anticipates,” “expects,” “estimates
Slide 3: About Us
About Us $1.32B $115M 20.1% Premiums In-Force Pre-tax Income Gross Loss Ratio (as of 3/31/26) (1Q 2026) (1Q 2026) $84.41 $5.45 6% Book Value Per Share Diluted Earnings Per Share Debt to Capital Ratio (as of 3/31/26) (1Q 2026) (as of 3/31/26) 2
Slide 4: Highlights
Highlights - A diversified holding company engaged in insurance, reinsurance, real estate, claims services, and insurance technology through majority ownership. 2006 founded Combining technology and industry knowledge to drive profitable growth consecutive quarters 62 of dividends Allocating capital
Slide 5: HCI Organizational Structure
HCI Organizational Structure Non- Insurance Insurance Operations Investments Operations Insurance Reinsurance Real Estate Companies HCI owns 75 million shares, or ~82.5% ownership, in Exzeo Group, Inc. (NYSE: XZO)1 Claims Services Fortex Reinsurance (1) As of 3/31/2026 4
Slide 6: Growing Through Investment & Innovation
Growing Through Investment & Innovation TypTap launches nationwide expansion Tailrow Insurance Exchange commences HCI Group premium operations in force exceeds Griston Claim $1 billion Launched Launched Management is Exzeo Group Inc. Executed real estate TypTap insurance incorporated becomes publicl
Slide 7: Steady Improvement
Steady Improvement Shareholders Equity (in $M) Invested Assets (in $M) $1,089 $2,120 $1,041 $2,000 $1,407 $1,057 $453 $850 $325 $163 2022 2023 2024 2025 1Q26 2022 2023 2024 2025 1Q26 Book Value Per Share Debt Leverage (%) 1 $84.41 57% $80.13 39% 34% $42.10 $33.36 $18.91 6% 6% 2022 2023 2024 2025 1Q2
Slide 8: HCI Group Investment Portfolio
HCI Group Investment Portfolio A conservative allocation, positioned for higher rates and opportunistic investments 1% 3% 5% Fixed Income Cash Real Estate & Other Total invested assets1 48% $2.1 billion 43% Equity Limited Partnerships Fixed Income Average Duration ~5.1 year (1) As of 03/31/26 7
Slide 9: Insurance Operations
Insurance Operatio Fron & Typlap
Slide 10: Overview of Insurance Companies
Overview of Insurance Companies Launched in 2007 Launched in 2016 Commenced operations in Commenced operations in 2024 as reciprocal exchange 2025 as reciprocal exchange Homeowners and Technology-driven condominium owners homeowners insurance Writes Florida-based Writes Florida-based personal insura
Slide 11: Opportunistic Growth with Best-in-Class Florida Underwriting
Opportunistic Growth with Best-in-Class Florida Underwriting 1 Premium in Force (in $M) Geographic Footprint $1,355 $1,324 $1,226 $995 $719 $737 $528 $353 $338 $369 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q 2026 Proactively Deploying Excess Opportunistically Best-in-Class Managing Risk Capital
Slide 12: A Durable Homeowners Insurance Model
A Durable Homeowners Insurance Model Gross Loss Ratio 1 Net Combined Ratio 2 Despite four named catastrophe events between 2022 and 2025, HCI Group reported an average ROE of 26% over the period. 121% Hurricane Ian Hurricanes Hurricane Ian Milton, Debby, 51% 107% and Helene 83% Hurricane Ian Hurrica
Slide 13: Fortex Reinsurance
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Slide 14: Claddaugh Generating Profits for Our Shareholders
Claddaugh Generating Profits for Our Shareholders Cumulative Net Premium Earned Since 2008 $350 Claddaugh is used to $300 opportunistically manage reinsurance cycles for HCI’s $250 insurance divisions. $200 $150 $100 Since its formation in 2008, $50 Claddaugh has contributed $144M in pre-tax income
Slide 15: Greenleaf Capital
| | GREENLEAF CAPITAL”
Slide 16: Creating Value in Real Estate
Acquire properties with differentiated value drivers Creating Value in Real Estate Optimize Reinvest or capital harvest Greenleaf Capital owns and structure operates HCI’s real estate portfolio. Its holdings include a set of premier commercial assets in rapidly growing Florida. Develop or reposition
Slide 17: Recent Sales Transactions
Generating Gains from our Real Estate Portfolio DATES PURCHASED PROPERTY LOCATION GROSS PROCEEDS2 BOOK VALUE PRE-TAX GAIN1 AND DATES SOLD Recent Sales Transactions Office Building Tampa 2010 - 2020 $44.0M $7.0M $37.0M Office Building Tampa 2017 - 2022 $14.5M $1.1M $13.4M Grocery Anchored Retail Eust
Slide 18: Florida Real Estate Portfolio With Embedded Value
Florida Real Estate Portfolio With Embedded Value PROPERTY APPRAISED VALUE1 BOOK VALUE2 DEBT ON PROPERTY3 Office Portfolio $61M $34M $4M OPERATING Anchored Retail $54M $44M $28M Waterfront Specialty Use Portfolio $40M $17M - DEVELOPMENT UNDER Properties Under Development $35M $28M - $190M $123M APPR
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Slide 20: Griston Provides Tailored Claims Solutions
Griston Provides Tailored Claims Solutions All-in-one Claim Real-time Claim Field Inspection Management Solution Tracking Platform An all-in-one claims Equips insurers with Custom mobile app for management solution built geospatial tools to pinpoint efficient field inspections, for carriers, TPAs, a
Slide 21: An Insurance Technology Company Majority Owned by HCI Group
An Insurance Technology Company Majority Owned by HCI Group
Slide 22: Exzeo Solutions Overview
Overview of Advanced Underwriting Insurance Management Data & Analytics Solutions Solutions • Over a decade of expertise in • Exzeo transforms both structured and • Exzeo designs, markets, underwrites, developing and training underwriting unstructured data into an actionable and administers insuranc
Slide 23: Technology Built by Insurance Operators for Insurance Operators
Technology Built by Insurance Operators for Insurance Operators IPO A team of 175+ experienced developers, data scientists and Launched technology professionals Launched Launched Founded Launched Launched Launched 100% internally developed technology platform powers every aspect of insurance carrier
Slide 24: Experienced & Focused Leadership Team
Experienced & Focused Leadership Team PARESH PATEL MARK HARMSW ORTH Chairman & Chief Executive Officer, HCI Group Chief Financial Officer, HCI Group ▪ Founder; Chairman since 2007 & CEO since 2011 ▪ CFO since 2017; previously SVP of Finance ▪ Designed HCI’s policy administration systems, leveraging
Slide 25: Delivering Shareholder Value
Delivering Shareholder Value Capital returned to $480M shareholders since inception1 15% Insider ownership2 >5500% Total Shareholder Return since IPO Fortex Reinsurance 17% 10-year average ROE3 1) Includes $286M buybacks and $194M dividends – as of 3/31/26 2) Excludes 570,000 of stock options that a
Slide 26: Contact Us
Contact Us I N V E S T O R R E L AT I O N S HCI C O N TA C T G R O U P, I N C . Nat Otis 3802 Coconut Palm Drive Tel (813) 355-5341 Tampa, FL 33619 notis@hcigroup.com Tel (813) 849-9500 www.hcigroup.com contactus@hcigroup.com 25