HCI Group Management
Management criteria checks 2/4
HCI Group's CEO is Paresh Patel, appointed in Nov 2006, has a tenure of 18.17 years. total yearly compensation is $3.66M, comprised of 25.9% salary and 74.1% bonuses, including company stock and options. directly owns 9.91% of the company’s shares, worth $121.66M. The average tenure of the management team and the board of directors is 11.3 years and 5.8 years respectively.
Key information
Paresh Patel
Chief executive officer
US$3.7m
Total compensation
| CEO salary percentage | 25.9% |
| CEO tenure | 18.2yrs |
| CEO ownership | 9.9% |
| Management average tenure | 11.3yrs |
| Board average tenure | 5.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| 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$18m |
Compensation vs Market: Paresh's total compensation ($USD3.66M) is above average for companies of similar size in the UK market ($USD2.41M).
Compensation vs Earnings: Paresh's compensation has increased by more than 20% in the past year.
CEO
Paresh Patel (61 yo)
18.2yrs
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 |
|---|---|---|---|---|
| Founder | 18.2yrs | US$3.66m | 9.91% $ 121.7m | |
| Co-Founder & Lead Independent Director | 18.2yrs | US$130.13k | 3.92% $ 48.1m | |
| Chief Financial Officer | 7.7yrs | US$517.98k | 0.48% $ 5.9m | |
| President of Homeowners Choice Property & Casualty Insurance Company | 3.9yrs | US$570.50k | 0.56% $ 6.8m | |
| VP, General Counsel & Company Secretary | 16.6yrs | US$470.50k | 0.54% $ 6.7m | |
| President of Greenleaf Capital LLC & Director | 11.3yrs | US$434.90k | 1.33% $ 16.3m | |
| Senior Vice President of Investor Relations | 10yrs | no data | no data | |
| Investor Relations Officer | no data | no data | no data |
11.3yrs
Average Tenure
61yo
Average Age
Experienced Management: 0J22's management team is seasoned and experienced (11.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 18.2yrs | US$3.66m | 9.91% $ 121.7m | |
| Co-Founder & Lead Independent Director | 18.2yrs | US$130.13k | 3.92% $ 48.1m | |
| President of Homeowners Choice Property & Casualty Insurance Company | 3.9yrs | US$570.50k | 0.56% $ 6.8m | |
| President of Greenleaf Capital LLC & Director | 17.7yrs | US$434.90k | 1.33% $ 16.3m | |
| Independent Director | 11.6yrs | US$130.13k | 0.094% $ 1.2m | |
| Board Advisor | 4.3yrs | no data | no data | |
| Independent Director | 17.7yrs | US$130.13k | 0.53% $ 6.5m | |
| Independent Director | 5.8yrs | US$130.13k | 0.076% $ 935.8k | |
| Board Advisor | 4.3yrs | no data | no data | |
| Independent Director | 3.6yrs | US$130.13k | 0.076% $ 933.9k | |
| Independent Director | 3.6yrs | US$130.13k | 0.027% $ 336.2k |
5.8yrs
Average Tenure
60yo
Average Age
Experienced Board: 0J22's board of directors are considered experienced (5.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 03:56 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
HCI Group, Inc. is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Casey Alexander | Compass Point Research & Trading, LLC |
| Casey Alexander | Gilford Securities |
| Matthew Carletti | JMP Securities |