For the quarter ending 2026-03-31, HCIIP had -$196,068K decrease in cash & cash equivalents over the period. $148,476K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 85,043 | 107,998 | 67,888 | 144,509 |
| Stock-based compensation expense | 3,359 | 2,608 | 2,695 | 5,667 |
| Net accretion of discount on investments in available-for-sale fixed-maturity securities | 98 | 541 | 531 | 1,389 |
| Depreciation and amortization | 2,240 | 2,339 | 2,318 | 6,560 |
| Deferred income tax expense (benefit) | 423 | -4,187 | 3,622 | -1,353 |
| Net realized investment gains | 534 | 813 | 618 | 1,322 |
| Net unrealized investment gains | -1,698 | -365 | 1,214 | -726 |
| Credit loss expense - reinsurance recoverable | 47 | - | -7 | -49 |
| Net loss (income) from limited partnership investments | -324 | -111 | -51 | -658 |
| Distributions of return on investment from limited partnership investments | - | 0 | 1 | 0 |
| Loss on extinguishment of debt | - | 0 | - | - |
| Debt conversion expense | - | 0 | 0 | 1,125 |
| Gains on sales of real estate investments | 354 | 0 | 0 | 440 |
| Foreign currency remeasurement loss | -96 | -29 | -96 | -47 |
| Other non-cash items | 45 | -92 | -138 | -71 |
| Accrued interest and dividends receivable | - | - | 1,264 | 300 |
| Income taxes | -29,866 | 5,064 | 4,650 | -16,176 |
| Premiums receivable, net | 2,905 | -12,731 | 4,399 | 15,244 |
| Assumed premiums receivable | - | 0 | 0 | 0 |
| Prepaid reinsurance premiums | -29,179 | -15,466 | 65,593 | -92,060 |
| Reinsurance recoverable | -20,053 | -39,779 | -108,290 | -120,565 |
| Deferred policy acquisition costs | -22 | -7,724 | 2,308 | 10,835 |
| Funds withheld for assumed business | 45 | -2,242 | -1,042 | -3,152 |
| Other assets | 11,814 | 5,515 | -8,915 | 14,287 |
| Losses and loss adjustment expenses | -9,656 | -39,140 | -81,257 | -149,008 |
| Unearned premiums | -45,514 | 1,752 | 14,092 | 42,781 |
| Advance premiums | 28,703 | -23,716 | -659 | 24,810 |
| Reinsurance payable on paid losses and loss adjustment expenses | 0 | -1,369 | 1,242 | -2,369 |
| Ceded reinsurance premiums payable | - | -9,278 | - | - |
| Assumed premiums payable | - | -432 | - | - |
| Ceded reinsurance premiums payable | 13,437 | - | -34,361 | 19,808 |
| Reinsurance recovered in advance on unpaid losses | - | 0 | - | - |
| Assumed reinsurance balances payable | 2,875 | - | 238 | -1,801 |
| Accrued expenses and other liabilities | 18,583 | -28,703 | 12,907 | 26,687 |
| Net cash provided by operating activities | 148,811 | 110,770 | 26,674 | 307,005 |
| Investments in limited partnerships | 0 | -391 | 121 | 270 |
| Distributions received from limited partnership investments | 195 | 744 | 903 | 644 |
| Distributions received from unconsolidated joint venture | - | 0 | - | - |
| Purchase of property and equipment | 335 | 585 | 794 | 2,254 |
| Purchase of real estate investments | 818 | -142 | 19,666 | 8,862 |
| Purchase of intangible assets | - | 0 | - | - |
| Purchase of available-for-sale fixed-maturity securities | 328,863 | 224,517 | 147,431 | 136,582 |
| Purchase of equity securities | 15,156 | 8,085 | 10,361 | 23,293 |
| Purchase of other investments | - | 0 | 5,000 | - |
| Purchase of short-term and other investments | - | 0 | - | - |
| Proceeds from sales of property and equipment | - | 0 | 0 | - |
| Proceeds from sales of real estate investments | 760 | 0 | 0 | 2,013 |
| Proceeds from sales of available-for-sale fixed-maturity securities | 1,878 | 1,516 | 2,780 | 3,359 |
| Proceeds from calls, repayments and maturities of available-for-sale fixed-maturity securities | 2,042 | 187,559 | 176,376 | 263,643 |
| Proceeds from sales of equity securities | 15,074 | 7,287 | 6,115 | 21,621 |
| Proceeds from sales, redemptions and maturities of short-term and other investments | - | 0 | - | - |
| Debt issuance costs paid | - | 163 | 375 | 0 |
| Net cash provided by (used in) investing activities | -325,223 | -35,548 | 2,801 | 120,019 |
| Redemption of redeemable noncontrolling interests | - | 0 | 0 | 0 |
| Proceeds from issuance of common stock, net of issuance costs | - | 0 | - | - |
| Common stock dividends | 5,195 | 19,289 | - | - |
| Redemption of long-term debt | - | 0 | 0 | 0 |
| Payment of net share settlements of noncontrolling interests and other | - | -1,489 | 0 | 0 |
| Proceeds from issuance of noncontrolling interests | - | 156,205 | - | - |
| Proceeds from exercise of stock options | 800 | - | - | - |
| Debt conversion costs paid | - | 0 | 0 | 1,125 |
| Cash dividends paid | - | - | 5,183 | 8,924 |
| Payment of other noncontrolling interests issuance costs | 57 | 1,069 | - | - |
| Dividends paid to redeemable noncontrolling interests | - | 0 | 0 | 0 |
| Repayment under revolving credit facility, net | 0 | -2,000 | -2,000 | -4,000 |
| Proceeds from issuance of long-term debt | - | 0 | 17,000 | - |
| Subscriber surplus contributions, net | 2,683 | 1,763 | 2,173 | 2,736 |
| Repayment of long-term debt | 220 | 216 | 162 | 268 |
| Payment of net share settlements and other | 81 | - | - | - |
| Repurchases of common stock | 17,501 | 800 | 37 | 687 |
| Net cash used in financing activities | -19,571 | 147,049 | 11,416 | -12,268 |
| Effect of exchange rate changes on cash | -85 | -69 | -115 | -45 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | -196,068 | 222,202 | 40,776 | 414,711 |
| Cash and cash equivalents and restricted cash at beginning of period | 1,213,874 | 991,672 | 536,185 | - |
| Cash and cash equivalents and restricted cash at end of period | 1,017,806 | 1,213,874 | 991,672 | - |
HCI Group, Inc. (HCIIP)
HCI Group, Inc. (HCIIP)