Who Owns HCI Company?

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Who Owns HCI Group, Inc.?

Understanding a company's ownership is key to grasping its strategy and accountability. A significant corporate restructuring, like HCI Group, Inc.'s announced on March 3, 2025, often reshapes this landscape. Founded in 2006, HCI Group, Inc. is an insurance holding company with diverse operations.

HCI Group is a leading provider of residential property insurance, primarily in Florida, with operations extending to reinsurance and technology solutions. Its common shares are publicly traded on the New York Stock Exchange under the ticker symbol 'HCI'.

The ownership of HCI Group, Inc. is primarily distributed among its public shareholders, with significant stakes held by institutional investors. As of July 17, 2025, the company's market capitalization stood at approximately $1.66 billion, reflecting a strong performance with a 59% gain over the past year.

Examining the evolution of HCI Group's ownership, from founder stakes to public and institutional investors, reveals how these shifts have influenced its strategic direction and governance. This analysis provides a comprehensive view of the forces shaping the company's trajectory, including insights into its HCI BCG Matrix.

HCI Group, Inc. was incorporated in 2006, with Paresh Patel as its founder and Gregory Politis as a co-founder. While specific initial ownership details are not public, the company's structure reflects a vision for a diversified insurance holding company.

Founding Leadership

Paresh Patel is the founder, CEO, and Chairman of HCI Group, Inc. Gregory Politis is a co-founder and served as lead independent director.

Founder's Stake

Paresh Patel directly owns 9.04% of the company's shares. As of March 30, 2025, this stake was valued at approximately $149.21 million.

Co-Founder's Background

Gregory Politis brings over 45 years of experience in the real estate industry. He also serves as president of Xenia Management Corporation.

Early Vision

The founders envisioned an insurance holding company with diverse operations. This included property and casualty insurance, reinsurance, and information technology.

Key Subsidiary

The company's largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., has been a significant player in Florida's insurance market.

Ownership Transparency

Specific equity splits at inception and details on early ownership agreements are not extensively publicized.

The operational strategy of HCI Group, Inc. has consistently aligned with its founding principles of operating as an insurance holding company with a broad range of business activities. This strategic direction has been evident in its growth and market positioning, particularly through its subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc. Understanding the Mission, Vision & Core Values of HCI provides further context to its early development and ongoing operations.

HCI Group Ownership Overview

HCI Group, Inc. is a publicly traded entity, allowing for a degree of transparency regarding its ownership structure. Key figures in its founding and current leadership hold significant stakes.

• Paresh Patel, founder and CEO, is a major shareholder.
• Gregory Politis, co-founder, also plays a role in the company's history.
• The company's structure supports diverse insurance and technology operations.
• Public filings provide information on HCI Group shareholders.

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HCI Group, Inc., publicly traded as 'HCI' on the New York Stock Exchange, has seen its ownership evolve significantly, with institutional investors playing a dominant role. As of mid-July 2025, the company's market capitalization stood at approximately $1.66 billion, reflecting its position in the market.

The ownership structure of HCI Group is predominantly held by institutional investors, indicating a strong presence of large financial entities. As of July 22, 2025, the company reported having 492 institutional owners and shareholders, collectively holding 12,128,970 shares. This trend towards increased institutional ownership can influence company strategy and governance, as these entities often have significant sway in management decisions and market perception.

Key Institutional Shareholders

Several major financial institutions are significant shareholders in HCI Group, demonstrating broad institutional confidence.

• BlackRock, Inc. held 1,478,564 shares as of March 31, 2025.
• The Vanguard Group, Inc. held 591,711 shares as of March 31, 2025.
• Other notable institutional investors include Hood River Capital Management LLC, Khrom Capital Management Llc, Driehaus Capital Management Llc, American Century Companies Inc, State Street Corp, and Dimensional Fund Advisors Lp.
• The iShares Core S&P Small-Cap ETF also represents a significant institutional holding.

HCI Group's strategic adjustments, such as the organizational restructuring announced in March 2025, are designed to align with long-term objectives and respond to market dynamics and investor expectations. Understanding who owns HCI Group is crucial for assessing its strategic direction and potential future performance. The company's financial reporting provides insights into its ownership breakdown, which is essential for investors looking to understand the Target Market of HCI and its shareholder base.

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The current board of directors for HCI Group, Inc. is instrumental in the company's governance. Key members include Paresh Patel, who serves as both Chairman and CEO, and Gregory Politis, the Lead Independent Director. Other directors bring diverse expertise, contributing to the oversight of the company's operations and strategic direction.

As of July 2025, Paresh Patel, the CEO and Chairman, holds a significant stake in the company, directly owning 9.04% of HCI Group's shares. The compensation structure for non-employee directors, updated on July 21, 2025, includes an annual cash payment of $100,000 and 750 restricted common shares, aligning director incentives with company performance. The voting power for HCI Group's common stock operates on a one-share-one-vote basis, standard for NYSE-listed entities. There is no public information suggesting dual-class shares or other mechanisms that would concentrate voting control beyond the existing insider and institutional holdings. Recent filings in May and June 2025 confirm beneficial ownership disclosures, with no major proxy contests or activist campaigns being widely reported. The company's annual shareholder meeting on June 10, 2025, addressed routine matters such as the election of Class B Directors and the ratification of auditors, reflecting standard corporate governance practices.

HCI Group's Shareholder Structure

Understanding who owns HCI Group is key to grasping its corporate structure and decision-making power. The company's voting power is primarily distributed through its common shares, with a standard one-share-one-vote system in place.

• Paresh Patel, CEO and Chairman, is a significant shareholder with 9.04% ownership.
• Non-employee directors receive compensation tied to company performance, including cash and restricted shares.
• Recent SEC filings in May and June 2025 provide updated beneficial ownership information.
• The company's voting power is generally aligned with share ownership, without apparent special voting rights for specific groups.
• For insights into the company's financial operations, understanding the Revenue Streams & Business Model of HCI is beneficial.

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Over the past few years, HCI Group, Inc. has seen significant shifts in its corporate structure and operational focus. A notable development was the rebranding of its technology and data analytics division into Exzeo Group Inc., formerly TypTap Insurance Group, announced in March 2025. This strategic move is expected to influence the company's stock valuation.

HCI Group's ownership trends indicate a strong presence of institutional investors, holding approximately 83.73% of the company's stock as of May 2025. This substantial institutional backing suggests a high level of confidence from major financial entities. The company's leadership remains stable, with Paresh Patel serving as Chairman and CEO, and there are no prominent reports of founder departures. The company's financial performance, including a Q1 2025 operating EPS of $5.21 and 21% revenue growth over the last twelve months, supports this investor interest. The company's strategy focuses on leveraging opportunities within the Florida homeowners' insurance market and its technology platform for expansion.

Institutional Ownership Dominance

As of May 2025, institutional investors hold a significant 83.73% of HCI Group's stock. This high concentration of institutional ownership often signifies strong market confidence and can influence corporate governance.

Strategic Policy Acquisitions

HCI's insurance subsidiaries have actively assumed policies from Citizens Property Insurance Corporation. These acquisitions, such as the over 42,000 policies in October 2024, contribute to revenue growth, with analysts projecting 17% growth for FY2025.

Corporate Restructuring for Growth

The rebranding of TypTap Insurance Group to Exzeo Group Inc. in March 2025 marks a strategic separation of technology and data analytics capabilities. This move is anticipated to enhance the company's market positioning and potential stock re-rating.

Leadership Continuity and Financial Strength

Paresh Patel continues to lead as Chairman and CEO, providing stability in management. The company's robust financial performance, including a Q1 2025 operating EPS of $5.21, underscores its operational strength and market appeal. For more on the company's journey, see the Brief History of HCI.

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