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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus
Performance
Under rules adopted under the Dodd-Frank Wall Street Reform and Consumer Protection Act, we are required to calculate and disclose the Compensation Actually Paid (CAP) to our named executive officers (NEOs) for the purpose of comparison to our Company financial performance. The disclosure covers our five most recent fiscal years. These amounts are calculated in accordance with applicable SEC rules, and do not reflect the actual amount of compensation earned by or paid to our named executive officers during each applicable year. Compensation decisions at HCI are made in accordance with the philosophy and process described in the “Compensation Discussion and Analysis” appearing previously in this document and are not replaced by CAP, a supplemental measure.
Pay versus Performance Table
 
                           
 
Value of Initial Fixed
$100
Investment Based on:
              
  Year
  
Summary
Compensation
Table Total for
CEO
(1)
    
Compensation
Actually Paid
to CEO
(2)
    
Average
Summary
Compensation
Table Total for
Non-CEO

NEOs
    
Average
Compensation
Actually Paid
to
Non-CEO

NEOs
(3)
    
HCI
Group
Total
Share-
holder
Return
(4)
    
Core
Peer
Group
Total
Share-
holder
Return
(5)
   
Net Income
(in thousands)
(6)
    
Relative
Total
Shareholder
Return
(percentile)
(7)
  
       
2025
   $ 8,236,000     $ 55,287,300     $ 935,015     $
4,642,788
     $ 406     $ 132     $ 320,395       100
th
 
                     
2024
   $ 20,200,846     $ 21,509,410     $ 709,385     $ 1,650,004     $ 244     $ 118     $ 127,581       80
th
 
                     
2023
     3,662,846       8,450,192       498,469       2,040,888     $ 180     $ 70       89,257       100
th
 
                     
2022
     1,031,115       (23,921,916 )      450,085       (2,249,190 )    $ 79     $ 31       (54,603 )      100
th
 
                     
2021
     7,736,699       29,124,167       2,819,434       5,193,003     $ 163       51       7,242       100
th
 
 
1)
 
Paresh Patel was our Chief Executive Officer in all years reported.
2)
 
Compensation Actually Paid was calculated by beginning with the total amount reported in the Summary Compensation Table (SCT) for the applicable year and (i) subtracting the grant date fair value of stock and option awards as disclosed in the SCT, (ii) adding the
year-end
fair value of stock and option awards granted in the covered year that remained unvested at the end of the covered year, (iii) adding or subtracting the change in fair value of stock and option awards granted in prior years that remained unvested at the end of the covered year, (iv) adding or subtracting the change in fair value of stock and option awards granted in prior years that vested in the covered year, (v) adding the fair value on the vesting date of stock or option awards granted and vested in the covered year, and (vi) subtracting the fair value of stock or option awards at the end of the prior year that were forfeited during the covered year. Fair value amounts were computed in a manner consistent with the fair value methodology used to account for share-based payments in our financial statements under GAAP.
3)
 
CAP for the other named executive officers was calculated in the same manner as described above for the CEO, except the amounts were averaged for each year. The names of each of our named executive officers (excluding Mr. Patel) included for the purpose of calculating the average amounts for each applicable year are Karin Coleman, Mark Harmsworth, Andrew Graham, and Anthony Saravanos.
4)
HCI’s Total Shareholder Return (“TSR”) represents the cumulative investment return of an initial fixed $100 investment in our common stock on December 31, 2020, assuming reinvestment of all dividends, through the end of the covered fiscal year. HCI’s TSR reflected in the table above may not be indicative of future performance.
5)
Core Peer Group TSR represents the combined cumulative investment return of an initial fixed $100 investment in each of the companies comprising our core peer group, weighted by market capitalization at the beginning of each year. For the years 2021 to 2022, our core peer group consisted of Universal Insurance Holdings, Inc., Heritage Insurance Holdings, Inc., United Insurance Holdings Corporation, and FedNat Holding Company. For 2023, our core peer group consisted of Universal Insurance Holdings, Inc., Heritage Insurance Holdings, Inc., and American Coastal Insurance Corporation. For 2024, our core peer group consisted of Skyward Specialty Insurance Group, Inc., Palomar Holdings, Inc., Mercury General Corporation, Lemonade, Inc., and Alkami Technology, Inc. For 2025, our core peer group consisted of Skyward Specialty Insurance Group, Inc., Palomar Holdings, Inc., Mercury General Corporation, Lemonade, Inc., Alkami Technology, Inc., Assured Guaranty, LTD, NMI Holdings, Inc., and Slide Insurance Holdings, Inc.
6)
Represents net income as reported in our Form
10-K
for the applicable year.
7)
Total Shareholder Return, relative to our core peer group, is our Company selected financial performance measure that we believe is most important in influencing named executive officer pay.
CAP may differ significantly from compensation reported in the SCT appearing previously in this document primarily due to changes in the fair value of vested and unvested equity awards granted in prior years. The value of these awards is dependent on the underlying stock price which will fluctuate.
 
 
 
Reconciliation of SCT Total for CEO to Compensation Actually Paid to CEO:
 
    
 
2025
    
 
2024
    
 
2023
    
 
2022
    
 
2021
  
       
 
SCT Total
  
 
$
 
8,236,000
 
 
  
 
$
 
20,200,846
 
 
  
 
$
 
3,662,846
 
 
  
 
$
 
1,031,115
 
 
  
 
$
 
7,736,699
 
 
       
 
Subtract: grant date fair value of stock and option awards granted as disclosed in the SCT
     0       (15,789,000 )      (1,875,000 )      0       (6,873,468 ) 
       
 
Add:
year-end
fair value of stock and option awards granted in the covered year that remained unvested at the end of the covered year
     0       17,040,500       0       0       21,882,036  
       
 
Add or subtract: change in fair value of stock and option awards granted in prior years that remained unvested at the end of the covered year
     19,770,400       203,121       1,711,638       (19,815,803 )      6,065,125  
       
 
Add or subtract: change in fair value of stock awards and option awards granted in prior years that vested in the covered year
     27,280,900       (146,057 )      185,208       (5,137,228 )      313,775  
       
 
Add: fair value on vesting date of stock or option awards granted and vested in the covered year
     0       0       4,765,500       0       0  
       
 
Subtract: fair value of stock or option awards at the end of the prior year that were forfeited during the covered year
     0       0       0       0       0  
       
 
CAP
  
 
 
 
$55,287,300
 
 
  
 
$
 
21,509,410
 
 
  
 
$
 
8,450,192
 
 
  
 
$
 
(23,921,916
 
) 
  
 
$
 
29,124,167
 
 
 
 
 
Reconciliation of average SCT Total for other Named Executive Officers to Compensation Actually Paid to other NEOs:
 
    
2025
    
2024
    
2023
    
2022
    
2021
  
       
SCT Total
  
$
935,015
 
  
$
709,385
 
  
$
498,469
 
  
$
450,085
 
  
$
2,819,434
 
       
Subtract: grant date fair value of stock and option awards granted as disclosed in the SCT
     (207,700 )      0       0       0       (2,392,760 ) 
       
Add:
year-end
fair value of stock and option awards granted in the covered year that remained unvested at the end of the covered year
     209,613       0       0       0       4,525,780  
       
Add or subtract: change in fair value of stock and option awards granted in prior years that remained unvested at the end of the covered year
     3,702,260       919,448       1,505,169       (1,632,056 )      164,010  
       
Add or subtract: change in fair value of stock awards and option awards granted in prior years that vested in the covered year
     3,600       21,171       37,250       (1,067,219 )      76,539  
       
Add or subtract: fair value on vesting date of stock or option awards granted and vested in the covered year
     0       0       0       0       0  
       
Subtract: fair value of stock or option awards at the end of the prior year that were forfeited during the covered year
     0       0       0       0       0  
       
CAP
  
$
4,642,788
 
  
$
1,650,004
 
  
$
2,040,888
 
  
$
(2,249,190
) 
  
$
5,193,003
 
        
Company Selected Measure Name Relative Total Shareholder Return        
Named Executive Officers, Footnote CAP for the other named executive officers was calculated in the same manner as described above for the CEO, except the amounts were averaged for each year. The names of each of our named executive officers (excluding Mr. Patel) included for the purpose of calculating the average amounts for each applicable year are Karin Coleman, Mark Harmsworth, Andrew Graham, and Anthony Saravanos.        
Peer Group Issuers, Footnote Core Peer Group TSR represents the combined cumulative investment return of an initial fixed $100 investment in each of the companies comprising our core peer group, weighted by market capitalization at the beginning of each year. For the years 2021 to 2022, our core peer group consisted of Universal Insurance Holdings, Inc., Heritage Insurance Holdings, Inc., United Insurance Holdings Corporation, and FedNat Holding Company. For 2023, our core peer group consisted of Universal Insurance Holdings, Inc., Heritage Insurance Holdings, Inc., and American Coastal Insurance Corporation. For 2024, our core peer group consisted of Skyward Specialty Insurance Group, Inc., Palomar Holdings, Inc., Mercury General Corporation, Lemonade, Inc., and Alkami Technology, Inc. For 2025, our core peer group consisted of Skyward Specialty Insurance Group, Inc., Palomar Holdings, Inc., Mercury General Corporation, Lemonade, Inc., Alkami Technology, Inc., Assured Guaranty, LTD, NMI Holdings, Inc., and Slide Insurance Holdings, Inc.        
PEO Total Compensation Amount $ 8,236,000 $ 20,200,846 $ 3,662,846 $ 1,031,115 $ 7,736,699
PEO Actually Paid Compensation Amount $ 55,287,300 21,509,410 8,450,192 (23,921,916) 29,124,167
Adjustment To PEO Compensation, Footnote
Reconciliation of SCT Total for CEO to Compensation Actually Paid to CEO:
 
    
 
2025
    
 
2024
    
 
2023
    
 
2022
    
 
2021
  
       
 
SCT Total
  
 
$
 
8,236,000
 
 
  
 
$
 
20,200,846
 
 
  
 
$
 
3,662,846
 
 
  
 
$
 
1,031,115
 
 
  
 
$
 
7,736,699
 
 
       
 
Subtract: grant date fair value of stock and option awards granted as disclosed in the SCT
     0       (15,789,000 )      (1,875,000 )      0       (6,873,468 ) 
       
 
Add:
year-end
fair value of stock and option awards granted in the covered year that remained unvested at the end of the covered year
     0       17,040,500       0       0       21,882,036  
       
 
Add or subtract: change in fair value of stock and option awards granted in prior years that remained unvested at the end of the covered year
     19,770,400       203,121       1,711,638       (19,815,803 )      6,065,125  
       
 
Add or subtract: change in fair value of stock awards and option awards granted in prior years that vested in the covered year
     27,280,900       (146,057 )      185,208       (5,137,228 )      313,775  
       
 
Add: fair value on vesting date of stock or option awards granted and vested in the covered year
     0       0       4,765,500       0       0  
       
 
Subtract: fair value of stock or option awards at the end of the prior year that were forfeited during the covered year
     0       0       0       0       0  
       
 
CAP
  
 
 
 
$55,287,300
 
 
  
 
$
 
21,509,410
 
 
  
 
$
 
8,450,192
 
 
  
 
$
 
(23,921,916
 
) 
  
 
$
 
29,124,167
 
 
        
Non-PEO NEO Average Total Compensation Amount $ 935,015 709,385 498,469 450,085 2,819,434
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,642,788 1,650,004 2,040,888 (2,249,190) 5,193,003
Adjustment to Non-PEO NEO Compensation Footnote
Reconciliation of average SCT Total for other Named Executive Officers to Compensation Actually Paid to other NEOs:
 
    
2025
    
2024
    
2023
    
2022
    
2021
  
       
SCT Total
  
$
935,015
 
  
$
709,385
 
  
$
498,469
 
  
$
450,085
 
  
$
2,819,434
 
       
Subtract: grant date fair value of stock and option awards granted as disclosed in the SCT
     (207,700 )      0       0       0       (2,392,760 ) 
       
Add:
year-end
fair value of stock and option awards granted in the covered year that remained unvested at the end of the covered year
     209,613       0       0       0       4,525,780  
       
Add or subtract: change in fair value of stock and option awards granted in prior years that remained unvested at the end of the covered year
     3,702,260       919,448       1,505,169       (1,632,056 )      164,010  
       
Add or subtract: change in fair value of stock awards and option awards granted in prior years that vested in the covered year
     3,600       21,171       37,250       (1,067,219 )      76,539  
       
Add or subtract: fair value on vesting date of stock or option awards granted and vested in the covered year
     0       0       0       0       0  
       
Subtract: fair value of stock or option awards at the end of the prior year that were forfeited during the covered year
     0       0       0       0       0  
       
CAP
  
$
4,642,788
 
  
$
1,650,004
 
  
$
2,040,888
 
  
$
(2,249,190
) 
  
$
5,193,003
 
        
Compensation Actually Paid vs. Total Shareholder Return
LOGO
       
Compensation Actually Paid vs. Net Income
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
LOGO
       
Total Shareholder Return Vs Peer Group
LOGO
       
Tabular List, Table
Financial Performance Measures Used to Link Company Performance and Compensation Actually Paid
The following is a list of financial performance measures which in our assessment represent
the
most important performance measures that influence compensation actually paid to the named executive officers for 2025:
 
  •  
Relative Total Shareholder Return
 
  •  
Net Income
 
  •  
Return on Equity
 
  •  
Gross Premiums Earned
       
Total Shareholder Return Amount $ 406 244 180 79 163
Peer Group Total Shareholder Return Amount 132 118 70 31 51
Net Income (Loss) $ 320,395,000 $ 127,581,000 $ 89,257,000 $ (54,603,000) $ 7,242,000
Company Selected Measure Amount 1 0.80 1 1 1
PEO Name Paresh Patel        
Measure:: 1          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return        
Measure:: 2          
Pay vs Performance Disclosure          
Name Net Income        
Measure:: 3          
Pay vs Performance Disclosure          
Name Return on Equity        
Measure:: 4          
Pay vs Performance Disclosure          
Name Gross Premiums Earned        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ (15,789,000) $ (1,875,000) $ 0 $ (6,873,468)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 17,040,500 0 0 21,882,036
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 19,770,400 203,121 1,711,638 (19,815,803) 6,065,125
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 4,765,500 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 27,280,900 (146,057) 185,208 (5,137,228) 313,775
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (207,700) 0 0 0 (2,392,760)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 209,613 0 0 0 4,525,780
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,702,260 919,448 1,505,169 (1,632,056) 164,010
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,600 21,171 37,250 (1,067,219) 76,539
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0