Insurtech Exzeo files for IPO

Homeowners insurer HCI Group said Thursday that its insurtech subsidiary Exzeo Group has submitted initial public offering registration documents with the U.S. Securities and Exchange Commission.

The price range and number of shares have not been determined, HCI said.

Tampa, Florida-based HCI founded Exzeo in 2012. It offers various underwriting, policy management, claims processing and financial reporting products.

Exzeo reported $108.5 million in revenue in 2025 and $54.8 million in adjusted earnings before interest, taxes, depreciation and amortization.

HCI was founded in 2006 and completed its IPO in 2008.