HCI Group (XZO) discloses 82.6% beneficial stake in Exzeo common stock

Rhea-AI Filing Summary

HCI Group, Inc. has filed a Schedule 13G reporting a large ownership position in Exzeo Group, Inc. common stock. HCI reports beneficial ownership of 75,000,000 shares, representing 82.6% of Exzeo’s common stock, based on 90,771,289 shares outstanding as of December 5, 2026 as cited from Exzeo’s Form 10-Q.

HCI states it has sole voting and sole dispositive power over all 75,000,000 shares and no shared voting or dispositive power. The filing is made on a passive Schedule 13G basis, with HCI certifying that the securities were not acquired and are not held for the purpose of changing or influencing control of Exzeo.

Insights

Equity ownership and governance analyst

HCI discloses an 82.6% passive stake in Exzeo.

HCI Group, Inc. reports beneficial ownership of 75,000,000 Exzeo shares, equal to 82.6% of the outstanding common stock, with sole voting and dispositive power over the entire block. This indicates that Exzeo has a dominant shareholder with substantial influence over shareholder matters.

The Schedule 13G certification states the shares were not acquired and are not held to change or influence control, positioning this as a passive ownership filing rather than an activist move. Actual governance impact will depend on how HCI exercises its voting power in future shareholder decisions disclosed in later filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Exzeo Group, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

30234F101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 30234F101

1

Names of Reporting Persons

HCI Group, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 75,000,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 75,000,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

75,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

82.6 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The share percentage is based on 90,771,289 shares outstanding as of December 5, 2026, as reported on the cover page of the Issuer's Form 10-Q filed December 11, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Exzeo Group, Inc.
(b)	Address of issuer's principal executive offices: 1000 Century Park Drive, Tampa, Florida 33607
Item 2.
(a)	Name of person filing: HCI Group, Inc.
(b)	Address or principal business office or, if none, residence: 3802 Coconut Palm Drive Tampa, FL 33619
(c)	Citizenship: Florida
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 30234F101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 75,000,000
(b)	Percent of class: 82.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 75,000,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 75,000,000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HCI Group, Inc.

Signature:	/s/ Paresh Patel
Name/Title:	Paresh Patel, Chief Executive Officer
Date:	02/13/2026

FAQ

What ownership stake in Exzeo Group, Inc. (XZO) does HCI Group report?

HCI Group reports beneficial ownership of 75,000,000 Exzeo common shares, representing 82.6% of the class. This percentage is based on 90,771,289 shares outstanding as of December 5, 2026, as referenced from Exzeo’s Form 10-Q.

Does HCI Group have voting control over its Exzeo Group, Inc. (XZO) shares?

Yes. HCI Group reports sole voting power over all 75,000,000 Exzeo shares and no shared voting power. It also reports sole dispositive power over the same shares, meaning it alone can decide how to vote and dispose of them.

Is HCI Group’s ownership in Exzeo Group, Inc. (XZO) filed as passive or active?

The ownership is filed on a Schedule 13G basis, which is typically used for passive holdings. HCI certifies the securities were not acquired and are not held to change or influence control of Exzeo or in connection with any such transaction.

What reference share count did HCI Group use for its 82.6% Exzeo (XZO) ownership?

HCI Group states the 82.6% figure is based on 90,771,289 Exzeo shares outstanding as of December 5, 2026. This outstanding share count is taken from the cover page of Exzeo’s Form 10-Q filed December 11, 2025.

Who signed the Schedule 13G reporting HCI Group’s stake in Exzeo (XZO)?

The Schedule 13G is signed by Paresh Patel, identified as Chief Executive Officer. The signature block includes a certification that the information provided is true, complete, and correct to the best of his knowledge and belief.

Does HCI Group share ownership or voting power in Exzeo Group, Inc. (XZO) with others?

No. HCI Group reports zero shared voting power and zero shared dispositive power for Exzeo shares. All 75,000,000 shares are listed under sole voting and sole dispositive power, indicating no reported shared control arrangements.