Investor Presentation Q1 2024

Forward-Looking Statement

This presentation includes certain forward‐looking statements and information, including statements regarding plans, strategies and expectations of HCI Group, Inc. ("HCI" or the "Company"). When used in this presentation, words such as "believes," "anticipates," "expects," "estimates," or words of similar meaning are generally intended to identify forward‐looking statements. All statements other than statements of historical fact included in this presentation are forward‐looking statements. These forward‐looking statements are subject to risks, uncertainties, assumptions and other factors, many of which are beyond the control of the

Company. Important factors that could cause actual results to differ materially from those expressed or implied by the forward‐looking statements are described in the Company's filings it makes from time to time with the Securities and Exchange Commission, including within the "Risk Factors" section of the Annual Report on Form 10‐K for the year ended December 31, 2023, filed March 8, 2024.

HCI at a Glance

36%

TRAILING

12-MONTHS ROE1

13%

TEN-YEAR ROE1

Growing Through Investment & Innovation

RECIPROCAL EXCHANGE

Writing Florida-based

commercial residential lines

Licensed and announced first Citizens takeout in November

2023

Fills gap created by limited

condo association

coverage and growing

demand

$37M of In-Force

Premiums(1)

REINSURANCE

Provides Reinsurance Flexibility

TECHNOLOGY PLATFORM

Powers Technology Development

REAL ESTATE

>$100M Real Estate Portfolio(1)

5

Shareholders Equity (in $M)

$396

$325

$163

Book Value Per Share

$38.50

$33.36

$18.91

Invested Assets (in $M)

$1,271

$1,057

$850

Debt Leverage (%)1

57%

39%37%

$422

$323 $309

$3781