HCI Group Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Paresh Patel

Chief executive officer

US$3.7m

Total compensation

CEO salary percentage	25.9%
CEO tenure	18yrs
CEO ownership	9.9%
Management average tenure	11.1yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paresh Patel's remuneration changed compared to HCI Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$140m
Jun 30 2024	n/a	n/a	US$148m
Mar 31 2024	n/a	n/a	US$108m
Dec 31 2023	US$4m	US$950k	US$76m
Sep 30 2023	n/a	n/a	US$41m
Jun 30 2023	n/a	n/a	-US$20m
Mar 31 2023	n/a	n/a	-US$41m
Dec 31 2022	US$1m	US$950k	-US$55m
Sep 30 2022	n/a	n/a	-US$56m
Jun 30 2022	n/a	n/a	-US$14m
Mar 31 2022	n/a	n/a	-US$3m
Dec 31 2021	US$8m	US$735k	US$2m
Sep 30 2021	n/a	n/a	US$4m
Jun 30 2021	n/a	n/a	US$25m
Mar 31 2021	n/a	n/a	US$32m
Dec 31 2020	US$5m	US$987k	US$26m
Sep 30 2020	n/a	n/a	US$30m
Jun 30 2020	n/a	n/a	US$21m
Mar 31 2020	n/a	n/a	US$19m
Dec 31 2019	US$6m	US$950k	US$25m
Sep 30 2019	n/a	n/a	US$11m
Jun 30 2019	n/a	n/a	US$14m
Mar 31 2019	n/a	n/a	US$15m
Dec 31 2018	US$4m	US$950k	US$18m
Sep 30 2018	n/a	n/a	US$37m
Jun 30 2018	n/a	n/a	-US$9m
Mar 31 2018	n/a	n/a	-US$8m
Dec 31 2017	US$4m	US$950k	-US$6m

Compensation vs Market: Paresh's total compensation ($USD3.66M) is above average for companies of similar size in the German market ($USD1.42M).

Compensation vs Earnings: Paresh's compensation has increased by more than 20% in the past year.

CEO

Paresh Patel (61 yo)

18yrs

Tenure

US$3,662,846

Compensation

Mr. Pareshbhai Suryakant Patel, also known as Paresh, serves as Chief Executive Officer of TypTap Insurance Company. He is a President, CEO and Chairman of the Board of Directors at TypTap Insurance Group,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Pareshbhai Patel	Founder	18yrs	US$3.66m	9.91% € 106.8m
Gregory Politis	Co-Founder & Lead Independent Director	18yrs	US$130.13k	3.92% € 42.3m
James Harmsworth	Chief Financial Officer	7.5yrs	US$517.98k	0.48% € 5.2m
Karin Coleman	President of Homeowners Choice Property & Casualty Insurance Company	3.8yrs	US$570.50k	0.56% € 6.0m
Andrew Graham	VP, General Counsel & Company Secretary	16.4yrs	US$470.50k	0.54% € 5.9m
Anthony Saravanos	President of Greenleaf Capital LLC & Director	11.1yrs	US$434.90k	1.33% € 14.3m
Kevin Mitchell	Senior Vice President of Investor Relations	9.8yrs	no data	no data
Rachel Swansiger	Investor Relations Officer	no data	no data	no data

11.1yrs

Average Tenure

61yo

Average Age

Experienced Management: 0H5's management team is seasoned and experienced (11.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Pareshbhai Patel	Founder	18yrs	US$3.66m	9.91% € 106.8m
Gregory Politis	Co-Founder & Lead Independent Director	18yrs	US$130.13k	3.92% € 42.3m
Karin Coleman	President of Homeowners Choice Property & Casualty Insurance Company	3.8yrs	US$570.50k	0.56% € 6.0m
Anthony Saravanos	President of Greenleaf Capital LLC & Director	17.5yrs	US$434.90k	1.33% € 14.3m
Robert Burks	Independent Director	11.4yrs	US$130.13k	0.094% € 1.0m
Robert Lopes	Board Advisor	4.1yrs	no data	no data
Sanjay Madhu	Independent Director	17.5yrs	US$130.13k	0.53% € 5.7m
Susan Watts	Independent Director	5.6yrs	US$130.13k	0.076% € 821.8k
Eric Hoffman	Independent Director	3.8yrs	no data	no data
Gitanjali Clark	Board Advisor	4.1yrs	no data	no data
Peter Politis	Independent Director	3.4yrs	US$130.13k	0.076% € 820.2k
Lauren Valiente	Independent Director	3.4yrs	US$130.13k	0.027% € 295.3k

4.8yrs

Average Tenure

59yo

Average Age

Experienced Board: 0H5's board of directors are considered experienced (4.8 years average tenure).

HCI Group Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Chief Financial Officer recently sold €2.2m worth of stock

HCI Group, Inc., Annual General Meeting, Jun 11, 2024

Chief Financial Officer recently sold €779k worth of stock

High number of new directors

Founder recently bought €51k worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$0.54 (vs US$1.53 in 3Q 2023)

New minor risk - Share price stability

Second quarter dividend of US$0.40 announced

HCI Group, Inc. Declares Regular Quarterly Cash Dividend, Payable on December 20, 2024

HCI Group, Inc. to Report Q3, 2024 Results on Nov 07, 2024

Investor sentiment improves as stock rises 17%

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.40 per share

First quarter dividend of US$0.40 announced

HCI Group, Inc. to Report Q2, 2024 Results on Aug 08, 2024

Insufficient new directors

First quarter 2024 earnings released: EPS: US$4.76 (vs US$1.79 in 1Q 2023)

Fourth quarter dividend of US$0.40 announced

HCI Group, Inc. Declares Quarterly Cash Dividend, Payable on June 21, 2024

HCI Group, Inc. to Report Q1, 2024 Results on May 08, 2024

Chief Financial Officer recently sold €2.2m worth of stock

HCI Group, Inc., Annual General Meeting, Jun 11, 2024

Investor sentiment improves as stock rises 17%

Full year 2023 earnings released: EPS: US$9.13 (vs US$6.24 loss in FY 2022)

Upcoming dividend of US$0.40 per share at 1.8% yield

HCI Group, Inc. to Report Q4, 2023 Results on Mar 07, 2024

Third quarter dividend of US$0.40 announced

HCI Group Declares Quarterly Cash Dividend, Payable on March 15, 2024

HCI Group, Inc. has filed a Follow-on Equity Offering in the amount of $75 million.

HCI Group, Inc. has completed a Follow-on Equity Offering in the amount of $78 million.

New minor risk - Shareholder dilution

HCI Group, Inc. has completed a Follow-on Equity Offering in the amount of $78 million.

New minor risk - Share price stability

Upcoming dividend of US$0.40 per share at 2.0% yield

Third quarter 2023 earnings released: EPS: US$1.53 (vs US$5.66 loss in 3Q 2022)

New major risk - Revenue and earnings growth

HCI Group, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$0.40 per share at 2.5% yield

Second quarter 2023 earnings released: EPS: US$1.45 (vs US$1.04 loss in 2Q 2022)

HCI Group, Inc. to Report Q2, 2023 Results on Aug 08, 2023

HCI Group, Inc.(NYSE:HCI) dropped from Russell 2000 Defensive Index

Chief Financial Officer recently sold €779k worth of stock

Upcoming dividend of US$0.40 per share at 2.7% yield

First quarter 2023 earnings released: EPS: US$1.78 (vs US$0.09 in 1Q 2022)

Full year 2022 earnings released: US$6.24 loss per share (vs US$0.23 profit in FY 2021)

HCI Group, Inc. to Report Q4, 2022 Results on Mar 09, 2023

Upcoming dividend of US$0.40 per share at 3.3% yield

HCI Group Declares Quarterly Cash Dividend, Payable on March 17, 2023

Now 21% undervalued after recent price drop

High number of new directors

Third quarter 2022 earnings released: US$5.66 loss per share (vs US$0.72 loss in 3Q 2021)

Upcoming dividend of US$0.40 per share

HCI Group, Inc. Declares Quarterly Cash Dividend, Payable on December 16, 2022

HCI Group, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Founder recently bought €51k worth of stock

Co-Founder & Lead Independent Director recently bought €58k worth of stock

Upcoming dividend of US$0.40 per share

Second quarter 2022 earnings released: US$1.04 loss per share (vs US$0.25 profit in 2Q 2021)

HCI Group, Inc. Declares Quarterly Cash Dividend, Payable on September 16, 2022

HCI Group, Inc. to Report Q2, 2022 Results on Aug 08, 2022

HCI Group, Inc.(NYSE:HCI) dropped from Russell Microcap Value Index

First quarter 2022 earnings released: EPS: US$0.09 (vs US$0.82 in 1Q 2021)

Co-Founder & Lead Independent Director recently bought €61k worth of stock

HCI Group, Inc. Declares Quarterly Cash Dividend, Payable on June 17, 2022

High number of new directors

Co-Founder & Lead Independent Director recently bought €125k worth of stock

HCI Group, Inc. to Report Q1, 2022 Results on May 04, 2022

HCI Group, Inc., Annual General Meeting, Jun 02, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.40 per share

HCI Group, Inc. to Report Q4, 2021 Results on Mar 08, 2022

HCI Group, Inc. (NYSE:HCI) reached an agreement in principle to acquire Personal lines insurance business in the states of Georgia, North Carolina, and South Carolina from United Insurance Holdings Corp. (NASDAQ: UIHC).

Upcoming dividend of US$0.40 per share