TAMPA, Fla., Nov. 06, 2025 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), reported pre-tax income of $90.6 million and net income of $67.9 million for the third quarter of 2025 compared with pre-tax income of $14.1 million and net income of $9.4 million for the third quarter of 2024. Net income after noncontrolling interests was $65.5 million compared with $5.7 million in the third quarter of 2024. Diluted earnings per share were $4.90 in the third quarter of 2025, compared with $0.52 in the third quarter ...

Core Viewpoint - Exzeo Group, an insurance technology firm, successfully raised $168 million in its U.S. initial public offering (IPO), pricing its shares within the marketed range, marking a significant event in the insurance sector [1] Group 1: Company Overview - Exzeo Group is positioned as a technology-driven company within the insurance industry, indicating a trend towards digital transformation in traditional sectors [1] Group 2: Financial Highlights - The company raised a total of $168 million through its IPO, reflecting strong investor interest and confidence in its business model [1] - The shares were priced within the marketed range, suggesting effective pricing strategy and market conditions favorable for IPOs in the insurance technology space [1]

Equal Parts, a platform focused on technology for insurance, has purchased Strategic Insurance, a US-based company serving families and small enterprises. Financial specifics of the deal remain undisclosed. Set up in 2020 by Benito Ortiz, Strategic Insurance began as a solo venture and has since expanded to serve more than 2,500 clients. Ortiz said: “I had multiple offers on the table from private equity groups. They were financially sound, but felt transactional. Equal Parts offered something different ...

Core Viewpoint - HCI Group, Inc. will hold a conference call on August 7, 2025, to discuss its second-quarter financial results for the period ending June 30, 2025, with results released after market close on the same day [1][2]. Group 1: Conference Call Details - The conference call is scheduled for 4:45 p.m. Eastern Time, with a toll-free number for participants [2]. - Interested parties can access the call via a webcast link available on the company's website [2]. - A replay of the call will be available after 8:00 p.m. Eastern Time on the same day [3]. Group 2: Company Overview - HCI Group operates through two main units: one includes insurance companies and claims management, while the other, Exzeo Group, focuses on insurance technology [3]. - Exzeo Group utilizes advanced underwriting algorithms and data analytics to enhance underwriting outcomes for property and casualty insurers [3]. - HCI Group's common shares are traded on the New York Stock Exchange under the ticker symbol "HCI" and are part of the Russell 2000 and S&P SmallCap 600 Index [4].

Bestow tripled revenue in 2024, achieved 10x growth over two years, and expects to continue growing exponentially, with profitability on the horizon DALLAS, May 13, 2025 /PRNewswire/ -- Bestow Inc., a leading insurance technology company, today announced the close of a $120 million oversubscribed Series D funding round, including primary and secondary investments. The round was co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. In addition to the equity financing, Bestow also sec ...