Insurance Operation was Hci’s largest segment in fiscal 2025, bringing in $834.43M of $900.95M (93%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Insurance Operation | $500.15M | $544.64M | $717.26M | $834.43M | ||||
| Hcpci Insurance Operations | — | — | — | — | ||||
| Insurance Operations | — | — | — | — | ||||
| Exzeo | — | $88.39M | $134.50M | $221.28M | ||||
| Typtap | — | — | — | — | ||||
| Typtap Group | $56.32M | — | — | — | ||||
| Reciprocal Exchange Operations | — | — | $30.76M | $65.55M | ||||
| Real Estate Operations | $23.77M | $18.71M | $14.07M | $14.82M | ||||
| Corporate & Other | $6.49M | $10.36M | $26.29M | $23.57M | ||||
| Reclassification/Elimination | -$87.17M | -$111.43M | -$172.82M | -$258.71M | ||||
| Intersegment Eliminations | — | — | — | — | ||||
| Total | $499.56M | $550.67M | $750.05M | $900.95M |
Hci brought in $900.95M from its six segments in fiscal 2025, the year ended December 31, 2025. That was up 20.1% from $750.05M in fiscal 2024. Insurance Operation was the largest at $834.43M (92.6%), ahead of Exzeo at $221.28M (24.6%) and Reciprocal Exchange Operations at $65.55M (7.3%). The other two segments brought in $38.39M combined.
Compared with fiscal 2024, Reciprocal Exchange Operations grew fastest, up 113.1% to $65.55M, while Corporate & Other fell the most, down 10.4% to $23.57M.
Hci began breaking out Exzeo in fiscal 2023 and Reciprocal Exchange Operations in fiscal 2024. Hci stopped reporting Typtap Group as a separate segment after fiscal 2022, when it brought in $56.32M. The total is net of Reclassification/Elimination, which took $258.71M off revenue in fiscal 2025.
Hci (HCI) reports its revenue by segment. In fiscal 2025, Insurance Operation was its largest segment, bringing in $834.43M (92.6% of the total), followed by Exzeo at $221.28M (24.6%).
Insurance Operation was Hci's largest segment in fiscal 2025, bringing in $834.43M, or 92.6% of the $900.95M total across its six segments.
Among Hci's segments that make up at least 2% of revenue, Reciprocal Exchange Operations grew fastest in fiscal 2025, up 113.1% from $30.76M to $65.55M.
Every figure comes from Hci's annual financial filings, as reported. Each line keeps the name Hci gives it, and years follow its fiscal calendar.
Hci's revenue by segment goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.