Exzeo Announces Strategic Partnership with Tokio Marine Highland To Offer Primary Residential Flood Insurance Program

Key Terms

replacement cost coverage financial

Replacement cost coverage is an insurance provision that pays to repair or replace damaged or destroyed property with new, equivalent items rather than reimbursing for their depreciated value. For investors, it matters because it reduces the risk of large out-of-pocket losses and helps a company restore operations quickly after damage—like replacing a broken phone with a new one instead of getting a check for its used value—thereby protecting cash flow and valuation.

coinsurance penalty financial

A coinsurance penalty is an extra charge a policyholder must pay when they insure a property or asset for less than the proportion required by their insurance contract; the insurer reduces the payout on a loss proportionally. For investors this matters because it can create unexpected cash outflows or reduce recovery from claims, like finding out a warranty only covers part of a repair because coverage fell short, which affects a company’s reported losses and balance-sheet risk.

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TAMPA, Fla.--(BUSINESS WIRE)-- Exzeo Group, Inc. (NYSE:XZO) today announced a new strategic partnership with Tokio Marine Highland, a wholly owned subsidiary of Tokio Marine Kiln (TMK), a leading international insurer and member of Tokio Marine Group. As part of this partnership, Exzeo will distribute TMH₂O, Tokio Marine Highland’s primary residential flood insurance product.

“We are excited to add a new partner and product to our platform,” said Paresh Patel, Chief Executive Officer of Exzeo. “By combining their product with our advanced technology and underwriting capabilities, we are offering a solution to the flood market that automates underwriting with technology efficiency and provides long-term profitability.”

With this new partnership, the Exzeo Platform now includes homeowners, commercial residential, and flood insurance products across multiple states, further expanding its property insurance offerings and strengthening its position as a comprehensive, multi-line technology platform.

Tokio Marine Highland’s TMH₂O program is available for residential single- and multi-family homes, other structures, condo units, and contents-only renters in 42 states. TMH₂O coverage highlights include:

• Building limits up to $1 million
• Contents limits up to $500,000
• ALE limits up to $50,000
• Multiple deductible options available from $500 to $25,000
• Lender Compliant
• No Waiting Period
• No Coinsurance Penalty
• Replacement Cost Coverage for Building & Contents

About Exzeo Group, Inc.

Exzeo Group is a leading innovator in technology solutions purpose-built for property and casualty (P&C) insurance carriers, with a strong focus on the expansive homeowners insurance market. Through its completely internally developed “Insurance-as-a-Service” platform, Exzeo delivers a comprehensive suite of digital tools and services that streamline every aspect of carrier and agent operations—from quoting and underwriting to policy administration, claims handling, data analytics, and financial reporting. By integrating advanced technology with deep industry expertise, Exzeo empowers P&C insurers to enhance underwriting precision, drive operational efficiency, and achieve superior performance across the insurance value chain.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225984831/en/

Company Contact:
Bill Broomall, CFA
Vice President, Investor Relations
wbroomall@exzeo.com

Investor Relations Contact:
Matt Glover
Gateway Group, Inc.
Tel 949-574-3860
XZO@gateway-grp.com

Source: Exzeo Group, Inc.