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Insurance - Property & casualty · Financial Services · Fiscal year ends Dec 31
HCI reported revenue of $901M in the fiscal year ended Dec 2025, up 20.1% from the year before. Operating income was $438M, an operating margin of 48.7%, and net income was $299M. Operating cash flow of $444M less capital expenditure of $4M left free cash flow of $441M.
Ranks among the 30 insurance - property & casualty companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 408 | 500 | 551 | 750 | 901 |
| Operating incomederived: pre-tax income + interest | 17.6 | −60.7 | 118 | 173 | 438 |
| Interest expense | 6.4 | 7.8 | 0.2 | 0.0 | 9.2 |
| Pre-tax income | 11.2 | −68.4 | 118 | 173 | 429 |
| Income tax | 4.0 | −13.8 | 28.4 | 45.8 | 109 |
| Net income | 1.9 | −58.5 | 79.0 | 110 | 299 |
| Diluted EPS | 0.21 | −6.24 | 7.62 | 8.89 | 22.72 |
| Diluted shares | 8.6 | 8.8 | 11.0 | 12.7 | 12.9 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 629 | 235 | 536 | 532 | 1,210 |
| Net PP&E | 14.2 | 17.9 | 29.3 | 29.5 | 28.9 |
| Total assets | 1,177 | 1,803 | 1,811 | 2,230 | 2,529 |
| Total liabilities | 762 | 1,549 | 1,388 | 1,761 | 1,414 |
| Shareholders' equity | 323 | 163 | 325 | 453 | 1,041 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 96.5 | −0.0 | 231 | 332 | 444 |
| Capital expenditure | 3.3 | 6.3 | 6.5 | 4.1 | 3.6 |
| Free cash flow | 93.2 | −6.4 | 224 | 328 | 441 |
| Depreciation & amortisation | 2.2 | 4.8 | 5.7 | 6.2 | 6.6 |
| Stock-based compensation | 13.8 | 15.1 | 9.3 | 10.2 | 11.0 |
| Share buybacks | 1.3 | 71.2 | 0.8 | 1.0 | 1.5 |
| Dividends paid | 14.1 | 15.2 | 13.7 | 16.6 | 19.3 |
| Dividend per share | 1.60 | 1.60 | 1.60 | 1.60 | 1.60 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 22.5% | 10.2% | 36.2% | 20.1% |
| Operating income growth (YoY) | – | −444.0% | – | 47.2% | 152.8% |
| EPS growth (YoY) | – | −3071.4% | – | 16.7% | 155.6% |
| Operating margin | 4.3% | −12.1% | 21.4% | 23.1% | 48.7% |
| Net margin | 0.5% | −11.7% | 14.4% | 14.7% | 33.2% |
| Return on equityBlank when equity is negative | 0.6% | −36.0% | 24.3% | 24.3% | 28.7% |
| Free cash flow margin | 22.8% | −1.3% | 40.7% | 43.7% | 48.9% |
| Cash conversion (CFO ÷ net income) | 52.0x | 0.00x | 2.92x | 3.02x | 1.49x |
| Interest cover | 2.76x | −7.81x | 785x | 86715x | 47.9x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.