HCI Group, Inc. (HCI) financial statements (2022 and earlier)

Company profile

Business Address 3802 COCONUT PALM DRIVE
TAMPA, FL 33619
State of Incorp. FL
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments681482265306257281268
Cash and cash equivalents629431229239256281268
Short-term investments525135661  
Total current assets:681482265306257281268
Noncurrent Assets
Finance lease, right-of-use asset000
Operating lease, right-of-use asset240
Property, plant and equipment14131513121112
Long-term investments and receivables0111125
Long-term investments0111125
Intangible assets, net (including goodwill)1144555 
Intangible assets, net (excluding goodwill)1144555 
Deferred costs    0  
Total noncurrent assets:28212019191817
Other undisclosed assets469438518508566371353
TOTAL ASSETS:1,177941803833842670637
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Due to related parties     0 
Total current liabilities:     0 
Noncurrent Liabilities
Liabilities, other than long-term debt1212     
Deferred income tax liabilities1212 
Total noncurrent liabilities:1212     
Other undisclosed liabilities751728617651648426399
Total liabilities:762740617651648426399
Temporary equity, carrying amount90      
Stockholders' equity
Stockholders' equity attributable to parent323201186181194244238
Additional paid in capital76    824
Accumulated other comprehensive income (loss)022(1)53(2)
Retained earnings247200183183189233216
Stockholders' equity attributable to noncontrolling interest1      
Total stockholders' equity:325201186181194244238
TOTAL LIABILITIES AND EQUITY:1,177941803833842670637

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues408310242231244264286
Premiums earned, net377262216 
Financial services revenue228248286
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
(87)(49)(37)(35)(36)(38)(36)
Gross profit:321261205196209227250
Operating expenses(22)(14)(12)(12)(12)(20)(180)
Other operating expense, net (51)(47)(40)(40)(43) 
Operating income:29919714614415716470
Interest and debt expense(8)(12)(13)(18)(18)(11)(11)
Income from continuing operations before equity method investments, income taxes:29118513312513915359
Other undisclosed income (loss) from continuing operations before income taxes(280)(148)(97)(99)(155)(106)47
Income (loss) from continuing operations before income taxes:11373627(16)47106
Income tax expense (benefit)(4)(9)(10)(9)9(18)(40)
Net income (loss):7282718(7)2966
Net loss attributable to noncontrolling interest(5)      
Net income (loss) attributable to parent:2282718(7)2966
Preferred stock dividends and other adjustments(4)      
Other undisclosed net income (loss) available to common stockholders, basic4(1)(1)    
Net income (loss) available to common stockholders, basic:2262518(7)2966
Other undisclosed net income available to common stockholders, diluted 891 31
Net income (loss) available to common stockholders, diluted:2343418(7)3267

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):7282718(7)2966
Other comprehensive income (loss)(1)(1)4(3)24(2)
Comprehensive income (loss):6273015(5)3363
Comprehensive income, net of tax, attributable to noncontrolling interest2      
Comprehensive income (loss), net of tax, attributable to parent:8273015(5)3363

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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