HCI集团 2026年季度报告

Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 Commission File Number 3802 Coconut Palm DriveTampa, FL 33619(Address, including zip code, of principal executive offices) (813) 849-9500(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days. Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☑ The aggregate number of shares of the registrant’s common stock, no par value, outstanding as of May 1, 2026 was 12,764,808. HCI GROUP, INC. AND SUBSIDIARIES TABLE OF CONTENTS PART I – FINANCIAL INFORMATION Item 1Financial StatementsConsolidated Balance Sheets:March 31, 2026 (unaudited) and December 31, 20251-2Consolidated Statements of Income:Three months ended March 31, 2026 and 2025 (unaudited)3Consolidated Statements of Comprehensive Income:Three months ended March 31, 2026 and 2025 (unaudited)4Consolidated Statements of Equity:Three months ended March 31, 2026 and 2025 (unaudited)5-6Consolidated Statements of Cash Flows:Three months ended March 31, 2026 and 2025 (unaudited)7-9Notes to Consolidated Financial Statements (unaudited)10-39Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations40-51Item 3Quantitative and Qualitative Disclosures About Market Risk52-53Item 4Controls and Procedures54 PART II – OTHER INFORMATION Item 1Legal Proceedings55Item 1ARisk Factors55Item 2Unregistered Sales of Equity Securities and Use of Proceeds55-56Item 3Defaults Upon Senior Securities57Item 4Mine Safety Disclosures57Item 5Other Information57Item 6Exhibits58-63 PART I – FINANCIAL INFORMATIONItem 1 – Financial StatementsHCI GROUP, INC. AND SUBSIDIARIESConsolidated Balance Sheets(In thousands, except share amounts) (continued) HCI GROUP, INC. AND SUBSIDIARIESConsolidated Balance Sheets – (Continued)(In thousands, except share amounts) (a)See Note 12 for details of balances associated with consolidated variable interest entities. See accompanying Notes to Consolidated Financial Statements (unaudited). HCI GROUP, INC. AND SUBSIDIARIESConsolidated Statements of Income(Unaudited)(In thousands, except per share amounts) See accompanying Notes to Consolidated Financial Statements (unaudited). HCI GROUP, INC. AND SUBSIDIARIESConsolidated Statements of Comprehensive Income(Unaudited)(In thousands) Three Months EndedMarch 31, See accompanying Notes to Consolidated Financial Statements (unaudited). HCI GROUP, INC. AND SUBSIDIARIESConsolidated Statements of EquityFor the Three Months Ended March 31, 2026(Unaudited)(In thousands, except per share amount) HCI GROUP, INC. AND SUBSIDIARIESConsolidated Statements of Equity – (Continued)For the Three Months Ended March 31, 2025(Unaudited)(In thousands, except per share amount) HCI GROUP, INC. AND SUBSIDIARIESConsolidated Statements of Cash Flows(Unaudited)(In thousands) HCI GROUP, INC. AND SUBSIDIARIESConsolidated Statements of Cash Flows – (Continued)(Unaudited)(In thousands) HCI GROUP, INC. AND SUBSIDIARIESConsolidated Statements of Cash Flows – (Continued)(Unaudited)(In thousands) HCI GROUP, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements (unaudited)(In thousands, except share and per share amounts, unless otherwise stated) Note 1 -- Nature of Operations HCI Group, Inc., together with its subsidiaries (“HCI” or the “Company”), is primarily engaged i