Exzeo Group, Inc.

End Notes

1. Managed Premium is a key operating measure defined as the aggregate gross dollar value of in-force premiums processed, managed, or administered by Exzeo's software solutions as of period end, excluding associated policy fee income.

2. Earnings per share is calculated in accordance with GAAP. Certain unvested restricted stock awards are considered participating securities because they carry non-forfeitable dividend and voting rights and share in the Company's earnings. Refer to Basic and Diluted Earnings Per Share table for additional information.

3. Annual Recurring Revenueis a key operating measure defined as the sum of each customer's managed premium multiplied by its contractual fee rate, plus any applicable policy fee income associated with managed policies, as of the period end date, excluding nonrecurring revenue such as catastrophe services.

4. Adjusted EBITDA, Adjusted Revenue, Adjusted EBITDA Margin, and Free Cash Floware non-GAAP financial measures. Please see discussion of non-GAAP financial measures at the end of this press release for more information.

5. Share Repurchase Program was the program which the Board of Directors authorized the repurchase of up to $12.0 million of the Exzeo's common stock.