Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Summary of Numerator and Denominator of Basic and Diluted Earnings (loss) Per Common Share

A summary of the numerator and denominator of the basic and diluted earnings per common share is presented below:

	Income (Numerator)			Shares (a) (Denominator)		Per Share Amount
Year Ended December 31, 2023
Net income	$	89,257
Less: Net income attributable to redeemable    noncontrolling interest		(9,370	)
Less: TypTap Group’s net income attributable to    non-HCI common stockholders and TypTap    Group’s participating securities		(853	)
Net income attributable to HCI		79,034
Less: Income attributable to participating securities		(2,625	)
Basic Earnings Per Share:
Income allocated to common stockholders		76,409			8,367	$	9.13
Effect of Dilutive Securities:
Stock options		—			83
Convertible senior notes		7,732			2,538
Warrants		—			56
Diluted Earnings Per Share:
Income available to common stockholders and    assumed conversions	$	84,141			11,044	$	7.62

(a)Shares in thousands.

	Loss (Numerator)			Shares (a) (Denominator)		Per Share Amount
Year Ended December 31, 2022
Net loss	$	(54,603	)
Less: Net income attributable to redeemable    noncontrolling interest		(9,106	)
Less: TypTap Group’s net loss attributable to    non-HCI common stockholders and TypTap    Group’s participating securities		5,198
Net loss attributable to HCI		(58,511	)
Less: Loss attributable to participating securities		3,463
Basic Loss Per Share:
Loss allocated to common stockholders		(55,048	)		8,817	$	(6.24	)
Effect of Dilutive Securities: *
Stock options		—			—
Convertible senior notes		—			—
Warrants		—			—
Diluted Loss Per Share:
Loss available to common stockholders and    assumed conversions	$	(55,048	)		8,817	$	(6.24	)

(a)Shares in thousands.

* Convertible senior notes, stock options, and warrants were excluded due to antidilutive effect.

	Income (Numerator)			Shares (a) (Denominator)		Per Share Amount
Year Ended December 31, 2021
Net income	$	7,242
Less: Net income attributable to redeemable    noncontrolling interest		(7,399	)
Less: TypTap Group’s net loss attributable to    non-HCI common stockholders and TypTap    Group’s participating securities		2,013
Net income attributable to HCI		1,856
Less: Income attributable to participating securities		(24	)
Basic Earnings Per Share:
Income allocated to common stockholders		1,832			8,092	$	0.23
Effect of Dilutive Securities:
Stock options		—			207
Convertible senior notes		—			—
Warrants		—			281
Diluted Earnings Per Share:
Income available to common stockholders and    assumed conversions	$	1,832			8,580	$	0.21

(a)Shares in thousands.

* Convertible senior notes were excluded due to antidilutive effect.