HCI Group Named to Fortune's List of 100 Fastest-Growing Companies
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 here.
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.
CONTACT: Company Contact: Kevin Mitchell, Vice President of Investor Relations & Risk Management HCI Group, Inc. Tel (813) 405-3603 firstname.lastname@example.org Investor Relations Contact: Matt Glover or Michael Koehler Liolios Group, Inc. Tel (949) 574-3860 email@example.com
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