{"id":391583,"date":"2020-12-02T08:03:16","date_gmt":"2020-12-02T13:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=391583"},"modified":"2020-12-02T08:03:16","modified_gmt":"2020-12-02T13:03:16","slug":"typtap-insurance-company-surpasses-100-million-in-annual-recurring-revenue","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/typtap-insurance-company-surpasses-100-million-in-annual-recurring-revenue\/","title":{"rendered":"TypTap Insurance Company Surpasses $100 Million in Annual Recurring Revenue"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">TAMPA, Fla., Dec.  02, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oo3M7-klOyD28r9-mOTgKd5XN9oEikJNOClwMHN7CVeMltfcjSsJIZKgm1V1o38YSrJiRpCCKlSaqMI_6_qhia0PcWH84BqSZfdnlnayTnw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>TypTap Insurance Company<\/strong><\/a>, a rapidly growing, technology-driven insurance company and a wholly owned subsidiary of HCI Group, Inc. (NYSE: HCI), announced today that annual recurring revenue surpassed $100 million.<\/p>\n<p>TypTap provides homeowners insurance and flood insurance primarily in Florida. It uses proprietary technologies and data analytics to make quick and smart underwriting decisions and reduce risks. Most of its insurance services are sold through independent insurance agents.<\/p>\n<p>\u201cThe growing acceptance of our products and technology platform has enabled TypTap to reach this major milestone ahead of schedule,\u201d said TypTap President Kevin Mitchell.<\/p>\n<p>\n        <strong>About HCI Group, Inc.<\/strong><br \/>\n        <br \/>HCI Group, Inc. is an InsurTech company with operations in insurance, software development and real estate. HCI\u2019s leading insurance operation, TypTap Insurance Company, is a rapidly growing, technology-driven insurance company, which provides homeowners insurance and flood insurance primarily in Florida. TypTap\u2019s operations are powered in large part by insurance-related information technology developed by HCI\u2019s software subsidiary, Exzeo USA, Inc.\u00a0 HCI\u2019s largest subsidiary, Homeowners Choice Property &amp; Casualty Insurance Company, Inc., provides homeowners\u2019 insurance primarily in Florida. HCI\u2019s real estate subsidiary, Greenleaf Capital, LLC, owns and operates multiple properties in Florida, including office buildings, retail centers and marinas.<\/p>\n<p>The company&#8217;s common shares trade on the New York Stock Exchange under the ticker symbol &#8220;HCI&#8221; and are included in the Russell 2000 and S&amp;P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aAdBTBBBviSP89uLgllOVmvihKg3lvfpVUS65WlfDulcGFF-8_SgV-iJCcmrp_WtEvLJIS1xQfT5ubtw-YQhpIxIzHSys2BmzuZRg6qBelYVfO6jpjT2BPc06_1syDYv\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>Investor Information<\/strong><\/a>\u00a0section of the company\u2019s website. For more information about HCI Group and its subsidiaries, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=E7x0OEthA4mimg3CfC-P05e4MNxSFbfpCgDgBtENY6zNnxZ_J8Aw0C6jAc46wkcyuud4ciD3gW66HrMRTYf6TA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>www.hcigroup.com<\/strong><\/a>.<\/p>\n<p>\n        <strong>TypTap Company Contact:<\/strong><br \/>\n        <br \/>Kevin Mitchell, President<br \/>TypTap Insurance Company<br \/>Tel (813) 405-3603<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HQ0SOtl_xO13O0jjeWv4ZFuxTVgG6pOQJVtTnGkBwCfieSGnEUwycleMkAASPChk-SbNH-DC287Be63fhu2vRcRhJC94WVJZ_pVzryqXWKM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">kmitchell@typtap.com<\/a>\u00a0\u00a0\u00a0<\/p>\n<p>\n        <strong>TypTap Media Contact:<\/strong><br \/>\n        <br \/>Amber Brinkley<br \/>Kippen Communications<br \/>Tel (727) 466-7695<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QkathIrHAx1g_YmPCocxJlxTVh3ulChuHLaMk9DOIwLW5InCYrMLZqx5JHR8tlOhKtPGW6oel--1F4BjKvSCv2zuVv7gRcimk1eiqXTGkhGOIhKcaevaGZixAHXRpsG0\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">amber@kippencommunications.com<\/a><\/p>\n<p>\n        <strong>HCI <\/strong><br \/>\n        <strong>C<\/strong><br \/>\n        <strong>ompany Contact:<\/strong><br \/>\n        <br \/>Rachel Swansiger, Esq. <br \/>HCI Group, Inc.<br \/>Tel (813) 405-3206<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3nwk0D_VFXfuhwf1xWFO_9_jYlBpcIgvA8L8UOm7TxBm4X6c1fDCT9cHaRGg9lvH-OZ1kO0371tzm5wvZdGjY2LCerZAJxt71-1bIYZm32E=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">rswansiger@hcigroup.com<\/a><\/p>\n<p>\n        <strong>HCI <\/strong><br \/>\n        <strong>Investor Relations Contact:<\/strong><br \/>\n        <br \/>Matt Glover<br \/>Gateway Investor Relations<br \/>Tel (949) 574-3860<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5Agsi_Yd3uZMpXTKlU-fbQ5Un0olZT5zEH8hDfCTDmqBuDVouMzWSGZ4MbFjYea7dxGfMABPs_nZRVesdseJgw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">HCI@gatewayir.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NTE1NyMzODUyMDk5IzIwMjA4MzE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/df32c40d-1d96-4e44-b5f8-8a6063250091\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TAMPA, Fla., Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; TypTap Insurance Company, a rapidly growing, technology-driven insurance company and a wholly owned subsidiary of HCI Group, Inc. (NYSE: HCI), announced today that annual recurring revenue surpassed $100 million. TypTap provides homeowners insurance and flood insurance primarily in Florida. It uses proprietary technologies and data analytics to make quick and smart underwriting decisions and reduce risks. Most of its insurance services are sold through independent insurance agents. \u201cThe growing acceptance of our products and technology platform has enabled TypTap to reach this major milestone ahead of schedule,\u201d said TypTap President Kevin Mitchell. About HCI Group, Inc. HCI Group, Inc. is an InsurTech company with operations in insurance, software development and real estate. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/typtap-insurance-company-surpasses-100-million-in-annual-recurring-revenue\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TypTap Insurance Company Surpasses $100 Million in Annual Recurring Revenue&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-391583","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TypTap Insurance Company Surpasses $100 Million in Annual Recurring Revenue - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/typtap-insurance-company-surpasses-100-million-in-annual-recurring-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TypTap Insurance Company Surpasses $100 Million in Annual Recurring Revenue - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TAMPA, Fla., Dec. 02, 2020 (GLOBE NEWSWIRE) &#8212; TypTap Insurance Company, a rapidly growing, technology-driven insurance company and a wholly owned subsidiary of HCI Group, Inc. (NYSE: HCI), announced today that annual recurring revenue surpassed $100 million. TypTap provides homeowners insurance and flood insurance primarily in Florida. It uses proprietary technologies and data analytics to make quick and smart underwriting decisions and reduce risks. Most of its insurance services are sold through independent insurance agents. \u201cThe growing acceptance of our products and technology platform has enabled TypTap to reach this major milestone ahead of schedule,\u201d said TypTap President Kevin Mitchell. About HCI Group, Inc. 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(NYSE: HCI), announced today that annual recurring revenue surpassed $100 million. TypTap provides homeowners insurance and flood insurance primarily in Florida. It uses proprietary technologies and data analytics to make quick and smart underwriting decisions and reduce risks. Most of its insurance services are sold through independent insurance agents. \u201cThe growing acceptance of our products and technology platform has enabled TypTap to reach this major milestone ahead of schedule,\u201d said TypTap President Kevin Mitchell. About HCI Group, Inc. 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