| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 212,397 | 144,509 |
| Stock-based compensation expense | 8,362 | 5,667 |
| Net accretion of discount on investments in available-for-sale fixed-maturity securities | 1,920 | 1,389 |
| Depreciation and amortization | 8,878 | 6,560 |
| Deferred income tax expense | 2,269 | -1,353 |
| Net realized investment gains | 1,940 | 1,322 |
| Net unrealized investment gains | 488 | -726 |
| Credit loss expense - reinsurance recoverable | -56 | -49 |
| Net loss (income) from limited partnership investments | -709 | -658 |
| Distributions received from limited partnership investments | 1 | 0 |
| Debt conversion expense | 1,125 | 1,125 |
| Gains on sales of real estate investments | 440 | 440 |
| Foreign currency remeasurement loss | -143 | -47 |
| Other non-cash items | -209 | -71 |
| Accrued interest and dividends receivable | 1,564 | 300 |
| Income taxes | -11,526 | -16,176 |
| Premiums receivable, net | 19,643 | 15,244 |
| Assumed premiums receivable | 0 | 0 |
| Prepaid reinsurance premiums | -26,467 | -92,060 |
| Reinsurance recoverable | -228,855 | -120,565 |
| Deferred policy acquisition costs | 13,143 | 10,835 |
| Funds withheld for assumed business | -4,194 | -3,152 |
| Other assets | 5,372 | 14,287 |
| Losses and loss adjustment expenses | -230,265 | -149,008 |
| Unearned premiums | 56,873 | 42,781 |
| Advance premiums | 24,151 | 24,810 |
| Reinsurance payable on paid losses and loss adjustment expenses | -1,127 | -2,369 |
| Ceded reinsurance premiums payable | -14,553 | 19,808 |
| Assumed reinsurance balances payable | -1,563 | -1,801 |
| Accrued expenses and other liabilities | 39,594 | 26,687 |
| Net cash provided by operating activities | 333,679 | 307,005 |
| Investments in limited partnerships | 391 | 270 |
| Distributions received from limited partnership investments | 1,547 | 644 |
| Purchase of property and equipment | 3,048 | 2,254 |
| Purchase of real estate investments | 28,528 | 8,862 |
| Purchase of available-for-sale fixed-maturity securities | 284,013 | 136,582 |
| Purchase of equity securities | 33,654 | 23,293 |
| Purchase of other investments | 5,000 | - |
| Proceeds from sales of property and equipment | 0 | - |
| Proceeds from sales of real estate investments | 2,013 | 2,013 |
| Proceeds from sales of available-for-sale fixed-maturity securities | 6,139 | 3,359 |
| Proceeds from calls, repayments and maturities of available-for-sale fixed-maturity securities | 440,019 | 263,643 |
| Proceeds from sales of equity securities | 27,736 | 21,621 |
| Net cash provided by (used in) investing activities | 122,820 | 120,019 |
| Cash dividends paid | 14,107 | 8,924 |
| Cash dividends paid to redeemable noncontrolling interest | 0 | 0 |
| Net (repayment) borrowing under revolving credit facility | -6,000 | -4,000 |
| Proceeds from issuance of long-term debt | 17,000 | - |
| Net surplus contribution from subscribers | 4,909 | 2,736 |
| Repayment of long-term debt | 430 | 268 |
| Redemption of long-term debt | 0 | 0 |
| Debt conversion costs paid | 1,125 | 1,125 |
| Repurchases of common stock | 724 | 687 |
| Redemption of redeemable noncontrolling interests | 0 | 0 |
| Purchase of noncontrolling interests | 0 | 0 |
| Debt issuance costs | 375 | 0 |
| Net cash used in financing activities | -852 | -12,268 |
| Effect of exchange rate changes on cash | -160 | -45 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 455,487 | 414,711 |
| Cash and cash equivalents at beginning of period | 536,185 | - |
| Cash and cash equivalents at end of period | 991,672 | - |
HCI Group, Inc. (HCI)
HCI Group, Inc. (HCI)