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HCI Group Executive Compensation (FY25)

HCI · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 12, 2026
157 figures on this page: 148 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Total compensation for Paresh Patel, Chairman and Chief Executive Officer, came to $8,236,000 in fiscal 2025, and compared with the $20,200,846 reported for fiscal 2024, Patel's total was 59.2% lower. The disclosed chief executive pay ratio for fiscal 2025 is 103.9:1, against median employee compensation of $79,272. For fiscal 2025, shareholders backed the say-on-pay proposal with 72.8% of votes cast for or against in favor at the meeting held June 10, 2026, while the disclosed peer group names Alkami Technology, Inc., Assured Guaranty Ltd., Bowhead Specialty Holdings Inc., Employers Holdings, Inc. and Guidewire Software, Inc., among others.
Chief executive, fiscal 2025
◇
Paresh Patel
Latest say-on-pay support
=
June 10, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Paresh Patel: $20,200,846 → $8,236,000 (59.2% lower)
Say-on-pay support: 68.4% → 72.8% (4.4 points higher)
CEO pay ratio: 308:1 → 103.9:1 (66.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is HCI Group's chief executive and what were they paid?
Total compensation for Paresh Patel, Chairman and Chief Executive Officer, came to $8,236,000 in fiscal 2025. Compared with the $20,200,846 reported for fiscal 2024, Patel's total was 59.2% lower.
What was HCI Group's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 72.8% of votes cast for or against in favor at the meeting held June 10, 2026.
Which companies are in HCI Group's peer group?
The disclosed peer group names Alkami Technology, Inc., Assured Guaranty Ltd., Bowhead Specialty Holdings Inc., Employers Holdings, Inc. and Guidewire Software, Inc., among others.
What is HCI Group's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 103.9:1, against median employee compensation of $79,272.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Paresh Patel
Chairman and Chief Executive Officer
◇—————◇◇
Karin Coleman
Chief Operating Officer; President of HCPCI
◇—————◇◇
Mark Harmsworth
Chief Financial Officer
◇—————◇◇
Andrew L. Graham
Vice President, General Counsel and Corporate Secretary
◇—————◇◇
Anthony Saravanos
Divisional President Real Estate
◇—————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Paresh Patel
Chairman and Chief Executive Officer
◇◇◇———◇◇
Karin Coleman
Chief Operating Officer; President of HCPCI; President of TypTap
◇◇————◇◇
Mark Harmsworth
Chief Financial Officer
◇◇————◇◇
Andrew L. Graham
Vice President, General Counsel and Corporate Secretary
◇◇————◇◇
Anthony Saravanos
Divisional President Real Estate
◇◇————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Paresh Patel
Chairman and Chief Executive Officer
◇◇————◇◇
Karin Coleman
Chief Operating Officer; President of HCPCI; President of TypTap
◇◇◇———◇◇
Mark Harmsworth
Chief Financial Officer
◇◇◇———◇◇
Andrew Graham
Vice President, General Counsel and Corporate Secretary
◇◇◇———◇◇
Anthony Saravanos
President, Greenleaf Capital, LLC
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andrew GrahamRSU◇——◇——◇
Anthony SaravanosRSU◇——◇——◇
Karin ColemanRSU◇——◇——◇
Mark HarmsworthRSU◇——◇——◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Karin ColemanRSU◇◇——
RSU◇◇——
Mark HarmsworthRSU◇◇——
RSU◇◇——
Paresh PatelRSU◇◇——
RSU◇◇——
Anthony SaravanosRSU◇◇——
RSU◇◇——
Andrew GrahamRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sue Watts
◇◇———◇◇
Jay Madhu
◇◇———◇◇
Peter Politis
◇◇———◇◇
Wayne Burks
◇◇———◇◇
Gregory Politis
Lead independent director
◇◇———◇◇
Lauren Valiente
◇————◇◇
Karin Coleman, Anthony Saravanos and Paresh Patel served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alkami Technology, Inc. ALKT
  • Assured Guaranty Ltd. AGO
  • Bowhead Specialty Holdings Inc. BOW
  • Employers Holdings, Inc. EIG
  • Guidewire Software, Inc. GWRE
  • Horace Mann Educators Corporation HMN
  • Intapp, Inc. INTA
  • Lemonade, Inc. LMND
  • Mercury General Corporation MCY
  • nCino, Inc. NCNO
  • NMI Holdings, Inc. NMIH
  • Palomar Holdings, Inc. PLMR
  • Q2 Holdings, Inc. QTWO
  • Root, Inc. ROOT
  • Safety Insurance Group, Inc. SAFT
  • Skyward Specialty Insurance Group, Inc. SKWD
  • Slide Insurance Holdings, Inc. SLDE
  • Stewart Information Services Corporation STC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 10, 2026=◇◇◇
2024June 10, 2025=◇◇◇
2023June 11, 2024=◇◇◇
2022June 8, 2023=◇◇◇
2021June 2, 2022=◇◇◇
2020June 3, 2021=◇◇◇
2019June 4, 2020=◇◇◇
2018May 30, 2019=◇◇◇
2015May 19, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact HCI Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where HCI Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
157 figures on this page: 148 cited to the filing that reported them, 9 calculated from figures it prints.
148 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001193125-26-268579
  2. 0001193125-26-191649
    Director Compensation · Grants of Plan-Based Awards for 2025 · Outstanding Equity Awards as of December 31, 2025 · Summary Compensation Table
  3. 000119312526191649
    CEO Pay Ratio
  4. 0000950170-25-086262
  5. 0001193125-25-103748
    Summary Compensation Table
  6. 0000950170-24-073721
  7. 0000950170-23-027719
  8. 0001193125-23-126980
    Summary Compensation Table
  9. 0000950170-22-011273
  10. 0001564590-21-032135
  11. 0001564590-20-028636
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-19-165108
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-16-600615
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Velarion, “HCI Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/HCI (accessed 2026).
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers HCI Group discloses

The companies named in HCI's own disclosed peer group.

Assured Guaranty Ltd.Bowhead Specialty Holdings Inc.Employers Holdings, Inc.Guidewire Software, Inc.Horace Mann Educators CorporationIntapp, Inc.Lemonade, Inc.nCino, Inc.NMI Holdings, Inc.Palomar Holdings, Inc.Q2 Holdings, Inc.Root, Inc.Safety Insurance Group, Inc.Skyward Specialty Insurance Group, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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