v3.25.1
Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 24 -- Subsequent Events

On April 11, 2025, the Company entered into an agreement with a holder of its 4.75% Convertible Senior Notes, whereby the noteholder converted $61,761 in aggregate principal amount in exchange for 783,061 shares of HCI’s common stock and $1,125 in cash. The transaction was accounted for as an induced conversion. As such, the Company recognized induced conversion expense of $1,125, representing the excess of the fair value of the total consideration transferred over the fair value of the common stock issued.

On April 23, 2025, the Company’s Board of Directors declared a quarterly dividend of $0.40 per common share. The dividends are payable on June 20, 2025 to stockholders of record on May 16, 2025.