Leases (Tables)

9 Months Ended

Sep. 30, 2025

The table below summarizes the Company’s right-of-use (“ROU”) assets and corresponding liabilities for operating leases:

The following table summarizes the Company’s operating leases in which the Company is a lessee:

(a)

There are no variable lease payments.

(b)

Rent escalation provisions exist.

As of September 30, 2025, maturities of operating lease liabilities were as follows:


Due in 12 months following September 30,
2025	$	295
2026		304
2027		254
2028		109
2029		113
Thereafter		38
Total lease payments		1,113
Less: interest		116
Operating lease liabilities	$	997

The following table provides quantitative information with regards to the Company’s operating and finance leases:


	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2025			2024		2025		2024
Lease costs:
Operating lease costs*	$	77		$	76	$	229	$	222
Short-term lease costs*		67			64		208		238
Total lease costs	$	144		$	140	$	437	$	460
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases						$	218	$	213
Financing cash flows – finance leases						$	—	$	2

	September 30,
	2025
Weighted-average remaining lease term:
Operating leases (in years)		4.0
Weighted-average discount rate:
Operating leases (%)		6.0	%

* Included in other operating expenses on the consolidated statements of income.

The following table summarizes the Company’s operating leases in which the Company is a lessor:

(c)

There are no purchase options

HCI Group, Inc. 10-Q