HCI Group Declares Quarterly Cash Dividend
October 14 2022 - 8:00AM
The board of directors of HCI Group, Inc. (NYSE:HCI), a holding
company with operations in homeowners insurance, information
technology services, real estate, and reinsurance, has declared a
regular quarterly cash dividend in the amount of 40 cents per
common share. The dividend is scheduled to be paid December 16,
2022 to shareholders of record at the close of business November
18, 2022.
About HCI Group, Inc.HCI Group,
Inc. owns subsidiaries engaged in diverse, yet complementary
business activities, including homeowners insurance, information
technology services, real estate, and reinsurance. HCI’s leading
insurance operation, TypTap Insurance Company, is a rapidly
growing, technology-driven insurance company that is expanding
nationwide to provide homeowners and flood insurance. TypTap’s
operations are powered in large part by insurance-related
information technology developed by HCI’s software subsidiary,
Exzeo USA, Inc. HCI’s largest subsidiary, Homeowners Choice
Property & Casualty Insurance Company, Inc., provides
homeowners insurance primarily in Florida. HCI’s real estate
subsidiary, Greenleaf Capital, LLC, owns and operates multiple
properties in Florida, including office buildings, retail centers
and marinas.
The company's common shares trade on the New York
Stock Exchange under the ticker symbol "HCI" and are included in
the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc.
regularly publishes financial and other information in the Investor
Information section of the company’s website. For more information
about HCI Group and its subsidiaries, visit www.hcigroup.com.
Forward-Looking StatementsThis
news release may contain forward-looking statements made pursuant
to the Private Securities Litigation Reform Act of 1995. Words such
as “anticipate,” “estimate,” “expect,” “intend,” “plan,”
“confident,” “prospects” 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. There can be no assurance, for example, that changes
in the company’s cash flow and cash balances will not impact the
ability or willingness of HCI Group to pay a dividend. Some of
these risks and uncertainties are identified in the company’s
filings with the Securities and Exchange Commission. Should any
risks or uncertainties develop into actual events, these
developments could have material adverse effects on the company’s
business, financial condition and results of operations. HCI Group,
Inc. disclaims all obligations to update any forward-looking
statements.
Investor Relations Contact:Matt
GloverGateway Group, Inc.Tel (949) 574-3860HCI@gatewayir.com
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