HCI Group (HCI) Proxy filing summary

Executive summary

• Achieved record operating results in 2025, with net premiums earned up 21% and net income of $320 million, resulting in diluted EPS of $22.72 and a 90% increase in book value per share to $80.13.

• Monetized Exzeo, the internally developed technology platform, through a successful IPO, retaining an 82.5% stake valued at $2.0 billion as of year-end 2025.

• Maintained a resilient business model with a 10-year average ROE of 18%, profitability in 68 of the last 73 quarters, and 61 consecutive quarters of dividends.

• Engaged with shareholders representing 72% of outstanding shares, with direct dialogue involving over 50%.

Voting matters and shareholder proposals

• Shareholders will vote to elect one Class B and three Class C directors, ratify the appointment of Forvis Mazars, LLP as independent auditor for 2026, and approve, on an advisory basis, executive compensation.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of eight members, with 50% contributing to gender or ethnic diversity and an average tenure of 13.2 years.

• Five of eight directors are independent; all committee members meet NYSE independence standards.

• Lead Independent Director position established; board committees include Audit, Compensation, Governance & Nominating, and Sustainability.

• Directors are expected to own at least $200,000 in company shares within five years; CEO must hold shares equal to three times base salary.