HCI Group Management

Management criteria checks 4/4

HCI Group's CEO is Paresh Patel, appointed in Nov 2006, has a tenure of 17.42 years. total yearly compensation is $1.03M, comprised of 92.1% salary and 7.9% bonuses, including company stock and options. directly owns 8.46% of the company’s shares, worth $95.59M. The average tenure of the management team and the board of directors is 10.5 years and 4.3 years respectively.

Key information

Paresh Patel

Chief executive officer

US$1.0m

Total compensation

CEO salary percentage	92.1%
CEO tenure	17.4yrs
CEO ownership	8.5%
Management average tenure	10.5yrs
Board average tenure	4.3yrs

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
Dec 31 2023	n/a	n/a	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 ($USD1.03M) is below average for companies of similar size in the US market ($USD3.47M).

Compensation vs Earnings: Paresh's compensation has been consistent with company performance over the past year.

CEO

Paresh Patel (60 yo)

17.4yrs

Tenure

US$1,031,115

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	17.4yrs	US$1.03m	8.46% $ 95.6m
Gregory Politis	Co-Founder & Lead Independent Director	17.4yrs	US$134.26k	4.13% $ 46.7m
James Harmsworth	Chief Financial Officer	6.9yrs	US$462.94k	0.51% $ 5.8m
Karin Coleman	COO & Director	3.2yrs	US$516.00k	0.59% $ 6.7m
Andrew Graham	VP, General Counsel & Company Secretary	15.8yrs	US$416.00k	0.58% $ 6.5m
Anthony Saravanos	President of Greenleaf Capital LLC & Director	10.5yrs	US$405.40k	1.41% $ 15.9m
Kevin Mitchell	Senior Vice President of Investor Relations	9.3yrs	no data	no data
Rachel Swansiger	Investor Relations Officer	no data	no data	no data

10.5yrs

Average Tenure

60yo

Average Age

Experienced Management: HCI's management team is seasoned and experienced (10.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Pareshbhai Patel	Founder	17.4yrs	US$1.03m	8.46% $ 95.6m
Gregory Politis	Co-Founder & Lead Independent Director	17.4yrs	US$134.26k	4.13% $ 46.7m
Karin Coleman	COO & Director	3.2yrs	US$516.00k	0.59% $ 6.7m
Anthony Saravanos	President of Greenleaf Capital LLC & Director	16.9yrs	US$405.40k	1.41% $ 15.9m
Robert Burks	Independent Director	10.8yrs	US$134.26k	0.092% $ 1.0m
Robert Lopes	Board Advisor	3.5yrs	no data	no data
Sanjay Madhu	Independent Director	16.9yrs	US$134.26k	0.55% $ 6.2m
Susan Watts	Independent Director	5yrs	US$134.26k	0.073% $ 824.6k
Eric Hoffman	Independent Director	3.2yrs	no data	no data
Gitanjali Clark	Board Advisor	3.5yrs	no data	no data
Peter Politis	Independent Director	2.8yrs	US$134.26k	0.073% $ 822.9k
Lauren Valiente	Independent Director	2.8yrs	US$134.26k	0.021% $ 241.8k

4.3yrs

Average Tenure

58yo

Average Age

Experienced Board: HCI's board of directors are considered experienced (4.3 years average tenure).

HCI Group Management

Management criteria checks 4/4

Key information

Recent management updates

Chief Financial Officer recently sold US$2.3m worth of stock

Board Member notifies of intention to sell stock

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

Chief Financial Officer recently sold US$842k worth of stock

Chief Financial Officer notifies of intention to sell stock

High number of new directors

Recent updates

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

Chief Financial Officer recently sold US$2.3m worth of stock

Board Member notifies of intention to sell stock

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

Consensus revenue estimates increase by 22%

Price target increased by 17% to US$120

Full year 2023 earnings: EPS and revenues exceed analyst expectations

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.

Investor sentiment improves as stock rises 22%

Price target increased by 11% to US$91.33

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

HCI Group (NYSE:HCI) Has Affirmed Its Dividend Of $0.40

HCI Group: Impressive Margin Improvements, But Unimpressive Price Point

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

Upcoming dividend of US$0.40 per share at 2.6% yield

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

HCI Group (NYSE:HCI) Is Due To Pay A Dividend Of $0.40

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 US$842k worth of stock

Chief Financial Officer notifies of intention to sell stock

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

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

HCI Group's (NYSE:HCI) Dividend Will Be $0.40

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

Price target decreased to US$75.00

HCI Group declares $0.40 dividend

HCI Group (NYSE:HCI) Has Announced A Dividend Of $0.40

High number of new directors

Upcoming dividend of US$0.40 per share

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

HCI Group (NYSE:HCI) Is Paying Out A Dividend Of $0.40

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

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

HCI Group announces Q3 pre-tax net loss of $78M

Now 21% undervalued after recent price drop

Founder recently bought US$51k worth of stock

Co-Founder & Lead Independent Director recently bought US$60k 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 Non-GAAP EPS of -$0.71, revenue of $125.93M

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

HCI Group declares $0.40 dividend

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

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

Upcoming dividend of US$0.40 per share

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

HCI Group (NYSE:HCI) Will Pay A Dividend Of US$0.40

Co-Founder & Lead Independent Director recently bought US$65k worth of stock

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

Price target decreased to US$97.50

High number of new directors

Co-Founder & Lead Independent Director recently bought US$137k 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: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.40 per share

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

HCI Group (NYSE:HCI) Will Pay A Dividend Of US$0.40