Hci Group, Inc. · NYSE:HCI
Hci — Merger or Acquisition (February 2021)
8 slides from Hci's merger presentation, Feb 26, 2021
Slide 1: Leading Homeowners InsurTech
Leading Homeowners InsurTech February 2021 Exhibit 99.2
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking
Slide 3: TypTap is the future of insurance
is the future of insurance TypTap is an AI-enabled technology company designed to identify homeowners policies that deliver profitable results while mitigating risk
Slide 4: Scalable technology-driven underwriting platform at a glance
Homeowners / flood insurance Scalable technology-driven underwriting platform at a glance $100M+ 2020 ARR ~7x growth (2018-2020) $105B+ U.S. homeowners TAM 11 states with approvals & licenses
Slide 5: Transaction overview
Transaction overview Transaction highlights Transaction size1 $100 million Series A preferred stock purchase by Centerbridge Partners, L.P. Valuation Investment terms imply an approximate $850 million post-money equity valuation Strong valuation based on unique technology, profitable underwriting mo
Slide 6: TypTap growth story
growth story 2012 2016 2018 TypTap started development of tech-enabled underwriting model Launched TypTap home in Florida TypTap founded, launched TypTap flood in Florida Target $1B+ in premiums by 2025 2019 2017 $15M $60M ~$100M Gross premium written 2020 2025 … 2021 ~$200M …
Slide 7: Looking forward – TypTap's expansion plan
Looking forward – TypTap’s expansion plan Phase One states – approved Phase One states – applied / pending approval Phase Two states Current
Slide 8: TypTap team and Centerbridge
TypTap team and Centerbridge Chairman & Chief Executive Officer TypTap, HCI Group President TypTap Insurance Company PARESH PATEL KEVIN MITCHELL TypTap: Management team Centerbridge Partners Private investment management firm employing a flexible approach across investment disciplines – from private