HCI Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	299.01	109.95	79.03	-58.51	1.86
Depreciation & Amortization	8.85	3.11	7.06	7.18	4.62
Other Amortization	2.36	1.19	1.13	0.83	0.93
Gain (Loss) on Sale of Assets	-0.44	-	-8.81	-0.38	-
Gain (Loss) on Sale of Investments	-5.34	-9.44	-5.72	7.38	-7.67
Stock-Based Compensation	10.97	10.19	9.35	15.11	13.75
Change in Accounts Receivable	-6.91	7.41	-22.99	33.16	0.23
Reinsurance Recoverable	268.63	-208.22	338.4	-612.07	8.49
Change in Unearned Revenue	59.06	86.52	130.42	6.12	99.75
Change in Income Taxes	6.46	-2.71	10.51	1.28	0.47
Change in Insurance Reserves / Liabilities	-269.41	260.83	-278.69	626.6	25
Change in Other Net Operating Assets	48.37	53.35	-8.1	-40.91	-57.33
Other Operating Activities	-0.32	2.92	-1.04	-25.98	3.03
Operating Cash Flow	444.45	331.82	230.66	-0.01	96.5
Operating Cash Flow Growth	33.94%	43.86%	-	-	24.82%
Capital Expenditures	-3.63	-4.05	-6.5	-6.34	-3.32
Sale of Property, Plant & Equipment	-	0.01	-	-	-
Purchase / Sale of Intangible Assets	-	-	-1.79	-3.8	-
Investment in Securities	117.28	-240.01	12.22	-438.72	41.54
Other Investing Activities	-	-	-	14.5	-
Investing Cash Flow	87.27	-260.11	4.27	-434.54	36.85
Long-Term Debt Issued	17	44	12	172.5	-
Total Debt Issued	17	44	12	172.5	-
Total Debt Repaid	-8.65	-0.99	-7.46	-16.01	-9.72
Net Debt Issued (Repaid)	8.35	43.02	4.54	156.49	-9.72
Issuance of Common Stock	6.67	2.95	84.57	-	-
Repurchases of Common Stock	-1.52	-1.04	-0.78	-88.31	-1.31
Common Dividends Paid	-19.29	-16.6	-13.72	-15.23	-14.07
Other Financing Activities	151.98	-103.5	-7.5	-11.88	89.4
Financing Cash Flow	146.2	-75.17	67.12	41.07	64.3
Foreign Exchange Rate Adjustments	-0.23	-0.11	-0.04	-0.1	-0.05
Net Cash Flow	677.69	-3.58	302	-393.58	197.6
Free Cash Flow	440.82	327.76	224.16	-6.35	93.19
Free Cash Flow Growth	34.49%	46.22%	-	-	31.48%
Free Cash Flow Margin	48.93%	43.70%	40.71%	-1.28%	22.84%
Free Cash Flow Per Share	34.23	25.84	20.30	-0.72	10.86
Cash Interest Paid	5.68	12.67	9.25	6.16	7.11
Cash Income Tax Paid	104.39	46.15	18.99	0.15	2.38
Levered Free Cash Flow	403.05	440.8	98.17	-12.46	190.93
Unlevered Free Cash Flow	406.41	447.94	103.99	-8.43	194
Change in Working Capital	107.14	195.85	138.95	49.13	76.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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