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- $177.97
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The easy version of this story: HCI Group is a Tampa-based Florida homeowners insurer trading at 8x P/E, 18% true FCF yield, with a CEO who's been buying its newly IPO'd tech subsidiary Exzeo in the open market every two weeks through a real price decline. Zero insider sells in eighteen months at either company. $4.06 billion in reinsurance coverage with a $163 million maximum first-event retention against $1 billion-plus of tangible book value. Legally mandated customer pipeline from Citizens …
— ORIGINAL POST ·
Florida homeowners insurer HCI Group: 18% true FCF yield, $4B reinsurance program, legally mandated customer pipeline from Citizens Insurance. I also pulled 15 years of data instead of just the good 3. The honest normalized yield is closer to 12%. Here's why I still own it.
· r/ValueInvesting
· Jul 16, 2026