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(Incorporated in the Cayman Islands)
Note: This company is going public via a carve-out from the HCI Group, according to the prospectus. Exzeo was established in 2012 as the technology and innovation division of HCI. We are now a majority owned subsidiary of HCI. HCI is a Florida corporation and publicly traded company listed on the New York Stock Exchange under the symbol “HCI” with operations in homeowners’ insurance, reinsurance, real estate, and information technology. Immediately prior to this offering, HCI holds approximately 90.69% of our outstanding common stock, and current and former employees and directors of Exzeo hold the remaining approximately 9.31%.
We provide P&C (property and casualty insurance) carriers and their agents with insurance technology solutions through our Exzeo Platform, The platform offers nine software and data analytics applications for functions that include insurance quotes and underwriting as well as claim management, data and analytics and other functions.
We serve customers in 13 states. We have insurance agency licenses or managing general agent licenses in 29 states.
Our insurance solutions support over $1.2 billion of premiums in force.
Note: Net income and revenue are for the 12 months that ended June 30, 2025.
Note: After the IPO, HCI Group will still own 75 million shares of Exzeo Group’s stock, representing about 81.54 percent of its total outstanding stock and voting power if the underwriters’ option is exercised in full, according to the prospectus.
(Note: Exzeo Group priced its IPO at $21.00 – the mid-point of its $20.00-to-$22.00 price range – and sold 8 million shares – the number of shares in the prospectus – to raise $168 million on Tuesday night, Nov. 4, 2025. Background: Exzeo Group, Inc. disclosed the terms for its IPO in an S-1/A filing on Oct. 16, 2025, in a carve-out from HCI Group: 8 million shares at a price range of $20.00 to $22.00 to raise $168.0 million, if priced at the $21.00 mid-point of its range. Background: Exzeo Group filed its S-1 for its IPO on Sept. 24, 2025, without disclosing the terms. Estimated initial proceeds at the time were $100 million, a placeholder figure.).
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