Exzeo Group, Inc. is a technology-enabled insurance services company focused on the property and casualty, or P&C, insurance ecosystem. Founded in 2012 as the technology and innovation division of HCI Group, Inc., Exzeo is headquartered at 1000 Century Park Drive in Tampa, Florida. The company was formerly known as TypTap ...Exzeo Group, Inc. is a technology-enabled insurance services company focused on the property and casualty, or P&C, insurance ecosystem. Founded in 2012 as the technology and innovation division of HCI Group, Inc., Exzeo is headquartered at 1000 Century Park Drive in Tampa, Florida. The company was formerly known as TypTap Insurance Group, Inc. and changed its name to Exzeo Group, Inc. in February 2025. Its common stock trades on the New York Stock Exchange under the symbol XZO.
The company’s central offering is an Insurance-as-a-Service platform designed to provide turnkey technology and operational capabilities to insurance carriers and their agents. Its software and data applications support important stages of the insurance value chain, including customer and risk quoting, underwriting, policy issuance, policy servicing, renewals, billing-related administration, claims intake and processing, regulatory support, and management reporting. Exzeo’s platform is intended to help insurers modernize operations, reduce reliance on fragmented legacy systems, improve processing speed, and make more consistent use of insurance data and analytics.
Exzeo primarily serves P&C insurers, including organizations involved in homeowners and other property-related insurance products. Its association with HCI Group gives the business an operating connection to an established insurance parent and provides an environment in which its technology and workflows can be developed around practical carrier requirements. The company operates through wholly owned subsidiaries and has a reported workforce of approximately 354 employees, placing it in the 201-500 employee category. Key executives identified in the supplied information include Paresh Patel, Chairman and Chief Executive Officer; Kevin Mitchell, President; Suela Bulku, Chief Financial Officer; and Brook Baker, General Counsel.
The supplied trailing-twelve-month data indicates revenue of approximately $2.44 per share, net income of approximately $0.955 per share, free cash flow of about $106.7 million, and a gross margin of approximately 61.5%. Reported operating and EBITDA margins were approximately 48.5% and 53.2%, respectively, while the net profit margin was approximately 39.1%. The company also showed low reported leverage, with debt-to-equity of approximately 0.023, a current ratio of 1.85, and no reported dividend. Market data supplied with the profile showed a market capitalization of approximately $1.41 billion and an enterprise value of approximately $1.28 billion. These figures are historical or trailing indicators rather than forecasts. The company’s longer-term objectives and future strategic priorities were not specifically provided, but its business model suggests an emphasis on expanding technology adoption, supporting insurance-carrier efficiency, and growing its role as a specialized infrastructure provider for the P&C insurance market.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$217.0M
+62.0%
+4.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$82.7M
+87.6%
+14.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+58.8%
+49.0%
+11.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+48.8%
+72.1%
+9.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+38.1%
+15.8%
+9.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$97.5M
-48.3%
-39.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+44.9%
-68.1%
-41.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
2.9%
-94.7%
-8.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
3.86x
—
-30.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good afternoon, and welcome to Exzeo Group, Inc.'s first quarter 2026 earnings call. My name is Angela, and I will be your conference operator. Before we begin today’s call, I would like to remind everyone that this conference is also being broadcast live via webcast and is available for webcast replay approximately four hours after the call through 05/06/2027 on the investor relations section of Exzeo Group, Inc.’s website at axio.com. I would now like to turn the call over to William Broomall. William, please go ahead.
William Broomall: Thank you, and good afternoon. Welcome to Exzeo Group, Inc.’s first quarter 2026 earnings call. To access today’s webcast, please visit the Investor Information section of our corporate website at exeo.com. Before we begin, I would like to remind our listeners that today’s presentation and responses to questions may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” and “project,” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions, but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company’s filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, developments could have material adverse effects on the company’s business, financial condition, and results of operation. Exzeo Group, Inc. disclaims all obligations to update any forward-looking statements. I will now turn the call over to Suela Bulku.
Suela Bulku: Thank you, William. Good evening, everyone, and thank you for joining us for Exzeo Group, Inc.’s first quarter earnings call. Exzeo Group, Inc. continues to deliver on its core objectives. Managed premium on the platform experienced another quarter of growth to $1.43 billion and exceeded our expectations. We delivered continued bottom-line growth, including strong cash flows and a 49% adjusted EBITDA margin in the quarter. Pretax income in the quarter was over $27 million, an increase from $24 million in the prior-year quarter and above our previous guidance range. Diluted earnings were 22¢ per share. For the first quarter, revenue increased to $56 million from $52 million in the prior-year quarter, driven by the increase of managed premium on the platform. The growth in managed premium reflects continued diversification across the business, with managed premium from non-ACI clients reaching approximately $105 million, a positive step forward. Our adjusted EBITDA margin was over 49% in the quarter, and we believe our margins are repeatable in the future. This quarter reflected continued investment in growth initiatives and personnel, and as our model continues to expand, we expect to make additional investments going forward. A …
