Homeowners Choice Property & Casualty Insurance Company, Inc.

What Homeowners Choice Property & Casualty Insurance Company, Inc. does

Homeowners Choice Property & Casualty Insurance Company, Inc. is a Tampa, Florida-headquartered residential property and casualty insurer that writes homeowners (HO-3), condominium (HO-6), dwelling fire/landlord (DP-3), and renters insurance, supplemented by wind mitigation inspection discounts and flood insurance in New Jersey and South Carolina. Founded in 2007 and operating with approximately 150 employees, the company serves over 100,000 policyholders across six U.S. states: Florida, Connecticut, Massachusetts, New Jersey, Rhode Island, and South Carolina. The carrier holds a Demotech Financial Stability Rating of A (Exceptional), is accepted by mortgage lenders, and is backed by HCI Group, Inc. (NYSE: HCI) as its publicly traded parent holding company.

The company's revenue model is premium-based subscription: policyholders pay recurring annual, semi-annual, or quarterly premiums via credit card (with a 2.99% third-party processing fee), ACH bank transfer, or check. Underwriting technology consists of a standard P&C policy management, claims processing, and customer service platform with an FNOL electronic claims system, separate FL and National Agent Portals for distribution partners, and an online payment portal integrated with One Inc. Homeowners Choice distributes through a network of appointed insurance agents and pursues growth primarily via state-approved portfolio takeovers and Florida's Citizens Insurance Depopulation Program — including the Anchor Property & Casualty assumption (effective February 2020) and UPC Insurance replacements across CT, RI, NJ, MA, and SC between 2021 and 2022.

For the 2026-2027 treaty year, the company's parent HCI Group structured a three-tower catastrophe reinsurance program providing $4.06 billion in aggregate excess of loss coverage and $162.6 million in maximum first-event retention, ceding $381.2 million in net consolidated reinsurance premiums to a syndicate of A- or better-rated global reinsurers (Swiss Re, Renaissance Re, Arch Reinsurance, Chubb Tempest Re, Markel Bermuda, Endurance Specialty, Transatlantic Re, and Fortex Re). This capital-intensive structure supports continued geographic and portfolio-driven expansion while managing Florida catastrophe exposure.

Name

Homeowners Choice Property & Casualty Insurance Company, Inc.

Legal name

Homeowners Choice Property & Casualty Insurance Company, Inc.

Website

https://hcpci.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Homeowners Choice is a Tampa, Florida-based residential property insurer offering homeowners, condominium, dwelling, and renters coverage across six U.S. states. A wholly-owned subsidiary of HCI Group (NYSE: HCI), it grows primarily through policy portfolio acquisitions and Florida's Citizens depopulation program.

Ownership category

akta.pro rank

Product category

Residential Property & Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industries

Landlord / Dwelling Fire (DP) Insurance (FSAJACAD), Renters Insurance (FSAJACAB)

Keywords

• Property casualty insurance
• Homeowners insurance
• Condominium insurance
• Dwelling fire insurance
• Renters insurance

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D, Others

Revenue model

1. Property and Casualty Insurance Premiums: Homeowners Choice generates revenue through insurance premiums charged to policyholders for property and casualty coverage. Policies are written for homeowners, condominiums, dwelling/fire, and renters insurance. Premiums are recurring in nature with annual, semi-annual, or quarterly payment options.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Homeowners Choice Property & Casualty Insurance Company, Inc. underwrites and distributes residential property and casualty insurance products, including homeowners, condominium, dwelling/landlord, flood, and renters policies. The company serves policyholders in Florida and five additional states (Connecticut, Massachusetts, New Jersey, Rhode Island, and South Carolina), distributing through a network of appointed insurance agents and growing primarily through policy assumption and depopulation programs from Citizens Insurance and other carriers.

Product overview

Homeowners Choice Property & Casualty Insurance Company offers a portfolio of residential property insurance products centered on homeowners, condominium, and dwelling/landlord coverage. The company's primary products are supplemented by wind mitigation inspection discounts, flood insurance (in NJ and SC), and Citizens Depopulation policy assumption programs. The company operates through a multi-state footprint with policies primarily in Florida and additional presence in Connecticut, Massachusetts, New Jersey, Rhode Island, and South Carolina. The insurance products are supported by digital service offerings including online payment processing (credit card and ACH), FL and National Agent Portals for policy management, and an FNOL system for claims submission. The company has pursued aggressive growth through policy acquisition programs including the Anchor Policy Replacement Program (Florida, effective February 2020) and UPC Insurance Policy Replacement Program (multiple states).

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners Insurance Standard homeowners insurance policy protecting the structure of the home and personal possessions, including coverage for loss of use, personal liability, and medical payments. Designed for residential homeowners in Florida and select other states.
• Condominium Insurance Condo insurance providing coverage for property inside the walls of the unit, including personal liability, medical payments, and loss-of-use expenses. Targeted at condominium unit owners.
• Dwelling or Landlord Insurance Dwelling and landlord insurance policies providing property coverage along with protection for loss of use, personal liability, and medical payments. Targeted at property owners renting out residential dwellings.
• Renters Insurance Renters insurance policies for tenants covering personal possessions and liability protection. Designed for residential tenants in Florida and select other states.
• Flood Insurance Flood insurance coverage offered in the New Jersey and South Carolina markets to protect against flood-related property damage.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Nine partnerships are on record, tiered core and minor.

• Arch ReinsurancecoreOthers · 1 June 2026Reinsurance partner providing coverage as part of HCI Group's catastrophe reinsurance program for 2026-2027 treaty year. Rated at least A- by AM Best. One of multiple private reinsurers involved in the three-tower reinsurance structure.
• Chubb Tempest RecoreOthers · 1 June 2026Reinsurance partner providing coverage as part of HCI Group's catastrophe reinsurance program. Rated at least A- by AM Best. Participates in multi-tower reinsurance structure covering Homeowners Choice and related entities.
• Endurance SpecialtycoreOthers · 1 June 2026Reinsurance partner providing coverage as part of HCI Group's catastrophe reinsurance program. Rated at least A- by AM Best. Contributes to aggregate excess of loss limit across reinsurance towers.
• Markel BermudacoreOthers · 1 June 2026Reinsurance partner providing coverage as part of HCI Group's catastrophe reinsurance program. Rated at least A- by AM Best. One of the global reinsurers backing the company's risk transfer strategy.
• Renaissance RecoreOthers · 1 June 2026Reinsurance partner providing coverage as part of HCI Group's catastrophe reinsurance program. Rated at least A- by AM Best. Participates in the three-tower reinsurance structure for 2026-2027.
• Swiss RecoreOthers · 1 June 2026Reinsurance partner providing coverage as part of HCI Group's catastrophe reinsurance program. Rated at least A- by AM Best. Major global reinsurer contributing to the company's risk management.
• Transatlantic RecoreOthers · 1 June 2026Reinsurance partner providing coverage as part of HCI Group's catastrophe reinsurance program. Rated at least A- by AM Best. Contributes to the aggregate excess of loss reinsurance coverage.
• Fortex RecoreOthers · 1 June 2026Cayman Islands-based reinsurer that expanded participation to two of three reinsurance towers for HCI Group's 2026-2027 catastrophe reinsurance program. Supports the company's overall risk transfer strategy.
• Florida Office of Insurance RegulationminorOthers · 1 June 2026Regulatory body that must approve the reinsurance agreements as part of the treaty year requirements.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• People's Trust Insurance Company: Florida-only residential property insurer with a high-policyholder-retention model similar to Homeowners Choice. Comparable in target customer, product type (HO-3, DP-3, HO-6), and Florida-only geographic concentration.
• Citizens Property Insurance Corporation: Florida's insurer of last resort and the state's most politically significant property writer. Direct counterpart because Homeowners Choice's growth engine is built on assuming Citizens policies through depopulation, making Citizens both competitor and supply source.
• Slide Insurance: Florida-headquartered residential property insurer serving homeowners through appointed agents. Comparable in product, distribution model, and reliance on Florida's regulatory and reinsurance environment.
• Heritage Insurance Holdings (HRTG): Florida-headquartered specialty P&C insurer writing residential property coverage through independent agents. Comparable product/geo mix, agent-channel GTM, and exposure to Florida hurricane dynamics that define the structural economics of the segment.
• Florida Peninsula Insurance Company: Florida-focused personal property insurer writing homeowners, condo, and landlord/dwelling fire through appointed agents. Closely mirrors Homeowners Choice's product set, Florida concentration, and agent-channel go-to-market.
• Tower Hill Insurance Group: Florida-based personal lines property insurer writing homeowners coverage through independent agents across multiple southeastern states. Direct peer in product, distribution, and primary geo (Florida), with overlapping wind-mitigation and reinsurance-driven underwriting economics.
• Universal Insurance Holdings (UVE): Publicly traded Florida-headquartered specialty P&C holding company focused on homeowners and property insurance. Closely comparable to Homeowners Choice given parallel Florida-centric residential book, agent distribution model, and dependence on Florida regulatory dynamics.
• Security First Insurance Company: Florida-based personal lines P&C carrier writing homeowners and related property coverage via independent agents. Direct competitor with overlapping product, channel, and Florida-centric exposure profile.

Broad incumbents

• Allstate (Allstate Floridian Insurance): Nationally diversified P&C giant with a meaningful Florida homeowners book. Comparable only at the product/customer level; competes in the same HO-3 segment but with vastly broader geographic, product, and capital diversification.

Regional players

• TypTap Insurance Company: Sister insurer under HCI Group writing homeowners coverage in Florida through direct-to-consumer digital channels. Highly comparable product and corporate parent, differing primarily in distribution model (online direct vs. appointed agents) and target customer acquisition path.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/homeowners-choice-inc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Homeowners Choice Property & Casualty Insurance Company, Inc.