Exzeo Group Stock Price, News & Analysis

Exzeo Group, Inc. (NYSE: XZO) is a technology company focused on the property and casualty (P&C) insurance sector, with a particular emphasis on the homeowners insurance market. According to the company’s public disclosures, Exzeo develops and operates an internally built Insurance-as-a-Service (IaaS) platform designed for P&C insurance carriers and their agents. The company is incorporated in Florida and has disclosed Tampa, Florida as its principal location in SEC filings.

Exzeo states that its technology is purpose-built for the P&C insurance ecosystem. The Exzeo Platform is described as a proprietary, internally developed platform that includes configurable software and data analytics applications. These applications are designed to support operational and administrative activities for insurance carriers and other participants in the insurance value chain.

Business model and Insurance-as-a-Service platform

Based on the company’s descriptions in press releases and filings, Exzeo’s business model centers on providing technology-based solutions and services to P&C insurance carriers and their agents. Through the Exzeo Platform, the company supports activities that span the insurance lifecycle, including quoting, underwriting, policy administration, claims handling, data analytics, and financial reporting. The company refers to this model as Insurance-as-a-Service, indicating that customers use Exzeo’s software and related services as an integrated operating platform.

Exzeo has disclosed that its platform includes multiple configurable software and data analytics applications. These applications are intended to serve P&C insurance companies and other customers in the insurance value chain by supporting the processing, management, or administration of insurance premiums and related activities. The company also reports key operating measures such as Managed Premium and Annual Recurring Revenue (ARR), which it defines in its financial communications as metrics tied to premiums processed or managed through its software solutions and associated contractual fee arrangements.

Focus on homeowners and P&C carriers

In its news releases, Exzeo highlights a strong focus on the homeowners insurance market within the broader P&C segment. The company positions its platform as a digital operating environment for P&C carriers, particularly those active in homeowners lines. By combining software applications with data analytics, Exzeo aims to support underwriting precision and operational efficiency for these carriers.

The company also notes that multiple insurance companies operate on the Exzeo platform. In a third quarter 2025 update, Exzeo reported that a fifth insurance company had joined the platform during that quarter, with a sixth joining in the following quarter. This indicates that Exzeo’s platform is used by several carrier partners that rely on its technology for core operational functions.

Revenue characteristics and key metrics

Exzeo’s public financial disclosures describe revenue derived from underwriting and management services provided to its customer base, as well as an expansion in the scope of services offered to customers. The company reports that growth in these services has contributed to increases in revenue, gross profit, operating income, and other performance measures. While specific financial figures change over time, Exzeo consistently emphasizes recurring elements of its business through the ARR metric, which it defines as a function of managed premium, contractual fee rates, and applicable policy fee income, excluding non-recurring revenue such as catastrophe services.

Managed Premium is defined by Exzeo as the aggregate gross dollar value of in-force premiums processed, managed, or administered by its software solutions as of period end, excluding associated policy fee income. This measure is used by the company to illustrate the scale of insurance activity handled through its platform and the level of adoption by its carrier partners.

Public company status and regulatory profile

Exzeo Group, Inc. completed an initial public offering (IPO) of its common stock and began trading on the New York Stock Exchange under the ticker symbol XZO. A registration statement on Form S-1 relating to the IPO was filed with the U.S. Securities and Exchange Commission (SEC) and became effective pursuant to Section 8(a) of the Securities Act of 1933, as disclosed in the company’s IPO-related press releases. Following the IPO, Exzeo files periodic and current reports with the SEC, including Forms 8-K that cover financial results, material events, and certain corporate actions.

In its SEC filings, Exzeo identifies itself as an emerging growth company under applicable securities regulations. The company also uses non-GAAP financial measures such as Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Revenue, and provides definitions and reconciliations in its earnings materials. These disclosures are intended to supplement GAAP results and provide additional insight into operating performance from management’s perspective.

Operational footprint and corporate structure

Exzeo’s SEC filings identify it as a Florida corporation with a Commission File Number and IRS Employer Identification Number specific to the registrant. The company reports current and non-current assets and liabilities related to its technology operations, including property and equipment, contract cost assets, contract liabilities, and operating lease right-of-use assets. These items reflect the infrastructure and contractual arrangements that support the Exzeo Platform and its delivery to insurance customers.

Stockholders’ equity disclosures in Exzeo’s financial statements show common stock, additional paid-in capital, and retained earnings (or accumulated deficit), illustrating the company’s capital structure as a publicly traded entity. The company has also disclosed stock-based compensation, contract-related balances, and other items associated with operating a technology platform for the insurance sector.

Position within the insurance value chain

According to the company’s own descriptions, Exzeo serves P&C insurance carriers and their agents by providing technology-based solutions and services that support the full range of operational and administrative functions. These functions include quoting and underwriting, policy administration, claims handling, data analytics, and financial reporting. By doing so, Exzeo situates itself as a technology partner to insurers rather than a traditional risk-bearing insurance carrier.

The company’s emphasis on homeowners insurance and its use of metrics tied to premiums processed through its platform indicate a focus on enabling carriers to manage and administer insurance policies more efficiently. Exzeo’s reporting of Managed Premium and ARR underscores the connection between platform usage, premium volume, and recurring fee-based revenue arrangements.

Use of non-GAAP measures and key definitions

Exzeo’s earnings materials explain that the company uses non-GAAP measures, including Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Revenue, to evaluate operating performance and inform strategic decisions. Management states that these measures can facilitate comparisons across reporting periods and with other companies in the industry, while cautioning that they are not prepared in accordance with GAAP and may not be comparable to similarly titled measures used by other companies.

The company defines Managed Premium as the aggregate gross dollar value of in-force premiums processed, managed, or administered by its software solutions as of period end, excluding associated policy fee income. Annual Recurring Revenue (ARR) is defined as the sum of each customer’s managed premium multiplied by its contractual fee rate, plus any applicable policy fee income associated with managed policies as of the period end date, excluding non-recurring revenue such as catastrophe services. These definitions are provided directly in Exzeo’s public communications.

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