Item 7.01. Regulation FD Disclosure.
Pursuant to Regulation FD, HCI Group, Inc. (the “Company”) is hereby furnishing on Exhibit 99.1 attached hereto selected historical financial information for TypTap Insurance Group, Inc., a majority owned subsidiary of the Company (“TypTap”), for the fiscal years ended December 31, 2020 and 2019 and the six-month periods ended June 30, 2020 and June 30, 2021. The Company also disclosed that, as of August 2021, TypTap was writing policies in seven states (Florida, Georgia, South Carolina, Connecticut, Nevada, New Mexico and Rhode Island) and plans to be writing policies in 10 or more states by the end of 2021 and in 20 states by the end of 2022. As of August 2021, TypTap had licenses in 16 states, including Florida, and has pending applications in three states (New Jersey, Illinois, and Arkansas).
This Current Report on Form 8-K, including the information set forth above and attached hereto as Exhibit 99.1, is being furnished to the Securities and Exchange Commission under Item 7.01 of Form 8-K in satisfaction of the public disclosure requirements of Regulation FD and shall not be deemed "filed" for any purpose.
This Current Report on Form 8-K does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations, or offers to buy, or any sales of securities, will only be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
Forward-Looking Statements
This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainty. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Such statements are based on the Company’s current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Investors are cautioned that there can be no assurance actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various risks and uncertainties. The important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include but are not limited to the effect of governmental regulation; changes in insurance regulations; the frequency and extent of claims; uncertainties inherent in reserve estimates; catastrophic events; changes in the demand for, pricing of, availability of or collectability of reinsurance; restrictions on our ability to change premium rates; increased rate pressure on premiums; the impact of the novel coronavirus pandemic; and other risks and uncertainties and other factors listed under Item 1A -- “Risk Factors” and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and in our other Securities and Exchange Commission filings. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law.