Exzeo Group files for IPO
HCI Group <i class="fa fa-info-circle company-popover" data-content=" HCI Group Founded: 2009 Headquarters: Tampa, Florida, United States Total Funding: $85M See full company profile “> announced that its majority owned subsidiary, Exzeo Group, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with the proposed initial public…
HCI Group <i class="fa fa-info-circle company-popover" data-content="
HCI Group
| Founded: | 2009 |
|---|---|
| Headquarters: | Tampa, Florida, United States |
| Total Funding: | $85M |
| See full company profile |
“>
announced that its majority owned subsidiary, Exzeo Group, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with the proposed initial public offering of Exzeo’s common stock.
The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Exzeo was established in 2012 as the technology and innovation division of HCI Group, an underwriter of homeowners insurance in Florida and 12 other states. Exzeo provides insurance technology and operations solutions to insurance carriers and their agents. The Exzeo platform currently includes nine configurable software and data analytics applications that are purpose-built to serve the insurance value chain. The company generates revenue from underwriting and management services, claim services, and other technology services.
Prior to July 2024, Exzeo was also engaged in the P&C insurance business, primarily focusing on homeowners’ multi-peril policies in the State of Florida, via its subsidiary TypTap Insurance Company.
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