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$16.50+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Page | ||
|---|---|---|
| PART I. | FINANCIAL INFORMATION | 4 |
| Item 1. | Financial Statements (Unaudited) | 4 |
| Consolidated Balance Sheets | 4 | |
| Consolidated Statements of Income | 5 | |
| Consolidated Statements of Comprehensive Income | 6 | |
| Consolidated Statements of Shareholders' Equity | 7 | |
| Consolidated Statements of Cash Flows | 8 | |
| Notes to Consolidated Financial Statements | 9 | |
| Note 1. Nature of Operations | 9 | |
| Note 2. Summary of Significant Accounting Policies | 9 | |
| Note 3. Investments | 10 | |
| Note 4. Fair Value Measurements | 11 | |
| Note 5. Revenue | 12 | |
| Note 6. Comprehensive Income | 14 | |
| Note 7. Concentrations of Risk | 14 | |
| Note 8. Related Party Transactions | 15 | |
| Note 9. Leases | 17 | |
| Note 10. Income Taxes | 18 | |
| Note 11. Earnings Per Share | 18 | |
| Note 12. Share-Based Compensation | 18 | |
| Note 13. Shareholders' Equity | 21 | |
| Note 14. Segment Information | 21 | |
| Note 15. Accounts Payable and Accrued Liabilities | 22 | |
| Note 16. Commitments and Contingencies | 22 | |
| Note 17. Subsequent Events | 23 | |
| Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 24 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 39 |
| Item 4. | Controls and Procedures | 39 |
| PART II. | OTHER INFORMATION | 40 |
| Item 1. | Legal Proceedings | 40 |
| Item 1A. | Risk Factors | 40 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 40 |
| Item 3. | Defaults Upon Senior Securities | 41 |
| Item 4. | Mine Safety Disclosures | 41 |
| Item 5. | Other Information | 41 |
| Item 6. | Exhibits | 42 |
| Signatures | 43 | |
In this report, for all periods presented, Exzeo Group, Inc. and its wholly-owned subsidiaries are referred to as "we," "us," "our," the "Company" and "Exzeo."
Glossary
This report contains acronyms, abbreviations and other defined terms throughout this Quarterly Report on Form 10-Q. These terms are defined as follows:
| Term | Definition |
|---|---|
| 2021 Omnibus Plan | 2021 Omnibus Incentive Plan |
| 2025 Omnibus Plan | 2025 Omnibus Incentive Plan |
| AFS securities | Available-for-sale fixed-maturity securities |
| AI | Artificial Intelligence |
| ARR | Annual Recurring Revenue |
| ASC 606 | ASC Topic 606, Revenue from Contracts with Customers |
| ASU | Accounting Standards Update |
| August 2026 Share Repurchase Program | The program authorized by the Board of Directors that permits the repurchase of up to $25.0 million of Exzeo's common stock |
| CEO | Chief Executive Officer, who is our principal executive officer |
| CFO | Chief Financial Officer, who is our principal financial officer |
| CODM | Chief Operating Decision Maker |
| CORE | Condo Owners Reciprocal Exchange, a Florida reciprocal insurance exchange owned by its subscribers |
| CRM | Core Risk Managers, LLC, a Florida limited liability company and a direct wholly-owned subsidiary of HCI |
| EGC | Emerging Growth Company |
| EIS | Exzeo Insurance Services, Inc., a Florida corporation and a direct wholly-owned subsidiary of Exzeo Group, Inc. |
| EPS | Earnings Per Share |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| Exzeo Platform | Exzeo's proprietary Insurance-as-a-Service platform and related software applications |
| FASB | Financial Accounting Standards Board |
| GAAP | Accounting principles generally accepted in the United States |
| GCM | Griston Claim Management, Inc., a Florida corporation and an indirect wholly-owned subsidiary of HCI |
| HCI | HCI Group, Inc., a Florida corporation and the controlling shareholder of Exzeo Group, Inc. |
| HCM | Homeowners Choice Managers, Inc., a Florida corporation and a direct wholly-owned subsidiary of HCI |
| HCPCI | Homeowners Choice Property & Casualty Insurance Company, Inc., a Florida corporation and a direct wholly-owned subsidiary of HCI |
| IPO | Initial Public Offering |
| JOBS Act | Jumpstart Our Business Startups Act |
| May 2026 Share Repurchase Program | The program authorized by the Board of Directors that permits the repurchase of up to $12.0 million of Exzeo's common stock |
| MGA | Managing General Agent |
| MGA agreement | Agreement under which the Company provides underwriting, policy administration, claims or related services as MGA |
| NRR | Net Dollar Retention Rate |
| Omega | Omega Insurance Agency, Inc., a Florida corporation and a direct wholly-owned subsidiary of HCI |
| P&C | Property and Casualty |
| SEC | Securities and Exchange Commission |
| Sub-broker services | Reinsurance placement and brokerage assistance services |
| Tailrow | Tailrow Insurance Exchange, a Florida reciprocal insurance exchange owned by its subscribers |
| TRM | Tailrow Risk Managers, LLC, a Florida limited liability company and a direct wholly-owned subsidiary of HCI |
| TTIC | TypTap Insurance Company, a Florida corporation and a direct wholly-owned subsidiary of HCI |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.