TAMPA, Fla., Sept. 18, 2013 (GLOBE NEWSWIRE) — HCI Group, Inc.
(NYSE:HCI) has been named to Fortune’s 2013 list of the 100
fastest-growing public companies based on average revenue growth,
profit growth and relative stock performance over the past three years.
Ranking #13 on the list, Fortune reported HCI Group achieved an average
of 43% revenue growth, 67% earnings per share growth and 84% annualized
total return over the three-year period ending June 30, 2013.
“Recognition by Fortune as one of the fastest growing companies is the
result of the consistent execution of our unique growth strategy, and
in particular, the strength of our core insurance business,” said
Paresh Patel, HCI Group’s chairman and chief executive officer. “We are
encouraged by the growth we have achieved and remain committed to
further capitalizing on the opportunities in the insurance market,
while expanding and diversifying HCI Group through our information
technology and real estate divisions.”
To qualify for the Fortune 100 list a company’s stock must trade on a
major U.S. stock exchange with a minimum market capitalization of $250
million and a stock price of at least $5 per share, have revenue and
net incomes of at least $50 million and $10 million, respectively, and
have achieved annualized revenue and earnings per share growth of at
least 20% annually over the past three years.
The full list of Fortune’s 100 fastest-growing companies is available
About HCI Group, Inc.
HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary
business activities, including homeowners’ insurance, reinsurance, real
estate and information technology services. The company’s largest
subsidiary, Homeowners Choice Property & Casualty Insurance Company,
Inc., is a leading provider of property and casualty insurance in the
state of Florida.
The company’s common shares trade on the New York Stock Exchange under
the ticker symbol “HCI” and are included in the Russell 2000 Index. Its
8% Senior Notes trade on the New York Stock Exchange under the ticker
symbol “HCJ.” Its 7% Series A, cumulative redeemable preferred shares
trade on the NASDAQ Capital Market under the ticker symbol “HCIIP.” For
more information about HCI Group, visit www.hcigroup.com.