Exzeo Group, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
XZO$16.32-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Operating activities: | ||
| Net income | $66,020 | $60,765 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Share-based compensation | 2,220 | 2,160 |
| Depreciation and amortization | 2,234 | 2,340 |
| Deferred income taxes | 1,746 | (2,134) |
| Amortization of premium and accretion of discount on available-for-sale fixed-maturity securities, net | (142) | — |
| Foreign currency remeasurement loss | 232 | 141 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,410 | — |
| Related party receivables and payables | (3,714) | (9,871) |
| Prepaid expenses | (990) | (515) |
| Contract cost assets | 344 | 2,852 |
| Income taxes payable | (2,253) | 4,531 |
| Contract liabilities | 362 | 21,549 |
| Commissions payable | (528) | (366) |
| Accounts payable and accrued liabilities | 9,177 | 9,512 |
| Other liabilities | (135) | (125) |
| Other assets | (3,407) | (1,868) |
| Operating leases, net | 35 | 46 |
| Cash provided by operating activities | 72,611 | 89,017 |
| Investing activities: | ||
| Capital expenditures | (870) | (2,441) |
| Purchase of available-for-sale fixed-maturity securities | (243,055) | — |
| Cash used in investing activities | (243,925) | (2,441) |
| Financing activities: | ||
| Payment of issuance costs | (375) | — |
| Repurchase of common stock | (17,066) | — |
| Cash used in financing activities | (17,441) | — |
| Effect of exchange rate changes on cash | (213) | (159) |
| Net (decrease) increase in cash and cash equivalents | (188,968) | 86,417 |
| Cash and cash equivalents at beginning of period | 305,372 | 54,502 |
| Cash and cash equivalents at end of period | $116,404 | $140,919 |
| Non-cash financing activities: | ||
| Capital contribution from parent | $11 | $30 |
| Payable related to share repurchases | $168 | $— |
Notes to Consolidated Financial Statements
(in thousands, except share and per share amounts, unless otherwise stated)
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