Here are 1-2 brief analogies for Exzeo (XZO):

• Salesforce for property & casualty insurance: Exzeo provides cloud-based software solutions specifically designed for the property and casualty (P&C) insurance industry, similar to how Salesforce offers CRM and other business applications across various sectors.
• ServiceNow for insurance operations: Exzeo helps insurance companies digitize, automate, and streamline complex operational workflows, such as claims processing and property inspections, much like ServiceNow does for IT, HR, and other enterprise functions.

• AI-Powered Real Estate Analytics Platform: This service offers data-driven insights and predictive analytics to inform real estate market decisions and property valuations.
• Mortgage Origination & Processing Solutions: Provides digital tools and automation to streamline the loan application, underwriting, and closing processes for lenders.
• Property Management Tools: Offers software functionalities to assist landlords and property managers with managing listings, tenants, maintenance, and financial reporting.
• Broker & Agent Productivity Tools: Delivers CRM, marketing automation, and communication tools specifically designed to enhance the operational efficiency of real estate professionals.

Exzeo (symbol: XZO) primarily sells its software solutions to **other companies** within the insurance industry, operating under a Business-to-Business (B2B) model.

While specific names of its major customers are not widely and publicly disclosed in readily available financial reports or company statements, Exzeo targets and serves a range of entities within the property and casualty insurance sector. These customer categories represent the types of companies that utilize Exzeo's platforms and services:

• Insurance Carriers: These are the companies that underwrite and issue insurance policies directly to consumers and businesses. Exzeo provides them with platforms for policy management, claims processing, and underwriting.
• Managing General Agents (MGAs) / Managing General Underwriters (MGUs): Third-party entities that perform underwriting, bind coverage, and often handle claims on behalf of one or more insurance carriers. Exzeo's solutions help MGAs streamline their operational processes.
• Third-Party Administrators (TPAs): Companies that manage claims processing and other administrative functions for self-insured organizations or traditional insurance carriers, often handling the day-to-day operations of an insurance program.
• Independent Adjusting Firms: Businesses that provide claims investigation and adjustment services to insurance carriers on a contract basis, using Exzeo's tools for efficient claims handling and data management.

Exzeo's offerings, such as claims management, policy administration, and underwriting platforms, are designed for these types of organizations to enhance their operational efficiency and digital capabilities within the insurance ecosystem.

Paresh Patel, Chairman & Chief Executive Officer

Paresh Patel was appointed Chief Executive Officer of Exzeo Group, Inc. in July 2020. He also serves as the Chief Executive Officer and Chairman of HCI Group, Inc., the parent company from which Exzeo was spun off. Additionally, he holds the position of Chief Executive Officer of TypTap Insurance Company, which was formerly known as Exzeo Group, Inc. before a name change. Mr. Patel recently acquired 50,000 shares of Exzeo stock at $21 per share on November 6, 2025.

Kevin Mitchell, President

Kevin Mitchell is also a Director of Exzeo Group, Inc. He holds approximately 702,625 shares of Exzeo Group Inc. stock, valued at over $14 million as of November 6, 2025. Mr. Mitchell made an insider transaction by purchasing 1,000 shares of Exzeo at $21 per share on November 6, 2025.

Suela Bulku, Chief Financial Officer

Suela Bulku recently purchased 1,000 shares of Exzeo at $21 per share on November 6, 2025.

Shawn McVeigh, Chief Technology Officer

Brook Baker, General Counsel

Brook Baker acquired 1,000 shares of Exzeo at $21 per share on November 6, 2025.

The following clear emerging threats have been identified for Exzeo (XZO):

• Increased Integration of AI and Digital Claims Tools by Major Enterprise Insurance Software Providers: Leading insurance software providers such as Guidewire and Duck Creek Technologies are aggressively enhancing their core platforms with advanced AI/ML-driven claims automation, digital engagement tools, and mobile capabilities. As these comprehensive enterprise systems integrate sophisticated features that parallel Exzeo's specialized offerings, the competitive landscape intensifies. Insurers already utilizing these major platforms may increasingly opt for their integrated solutions, potentially diminishing the need for standalone third-party vendors like Exzeo for specific aspects of claims digitization and automation.
• Emergence and Scaling of Highly Specialized AI-First Insurtechs: Companies highly specialized in specific AI applications for insurance claims, such as Tractable (focused on visual AI for damage assessment and fraud detection), are demonstrating superior accuracy, speed, and efficiency in niche areas that constitute a significant part of Exzeo's value proposition. As these focused AI-first insurtechs secure substantial funding, scale their operations, and forge partnerships with major carriers, they pose a direct threat to Exzeo's market share and competitive differentiation in key segments of the claims workflow.

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Share Repurchases

• Exzeo Group's 3-Month Share Buyback Ratio was 0.00% as of June 2025, indicating no share repurchases in that period.

Share Issuance

• Exzeo Group completed its Initial Public Offering (IPO) in November 2025, issuing 8,000,000 shares of common stock at $21.00 per share.
• The IPO raised approximately $168 million for the company.
• The company granted underwriters a 30-day option to purchase up to an additional 1,200,000 common shares at the IPO price.

Inbound Investments

• Exzeo Group raised approximately $168 million through its IPO in November 2025.
• As of June 30, 2025, Exzeo had booked fair market value investment of $74.3 million from investors, including its parent firm HCI Group.
• HCI Group will retain an 81.5% majority ownership stake in Exzeo following the IPO.

Outbound Investments

• Exzeo may use a portion of the net proceeds from its IPO to acquire or invest in businesses or technologies, however, no agreements or commitments for material acquisitions or investments currently exist.

Capital Expenditures

• Capital expenditures were -$2.78 million in the last 12 months.
• Historical capital expenditures were reported as $2.78 million, $3.33 million, $3.25 million, $3.45 million, and $1.49 million in various periods.
• A portion of the net proceeds from the IPO is intended for general corporate purposes, including capital expenditures, and software and technology research and development.