HCI Group Increases Quarterly Cash Dividend 16.7% To 35 Cents

TAMPA, Fla., Jan. 17, 2017 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI), a holding company primarily engaged in homeowners insurance, with additional operations in reinsurance, real estate and information technology, has declared a regular quarterly cash dividend in the amount of 35 cents per common share for the first quarter of 2017, which represents a 16.7 percent increase over the previous quarterly rate of 30 cents.

The dividend will be paid March 17, 2017 to shareholders of record on the close of business February 17, 2017.

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. 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 and S&P SmallCap 600 Index. Its 8% Senior Notes trade on the New York Stock Exchange under the ticker symbol "HCJ." For more information about HCI Group, visit www.hcigroup.com.

Company Contact: Kevin Mitchell, Vice President of Investor Relations HCI Group, Inc. Tel (813) 405-3603 kmitchell@hcigroup.com  Investor Relations Contact: Michael Koehler Liolios Tel (949) 574-3860 hci@liolios.com

Source: HCI Group, Inc.