Exzeo Group Inc 2025年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended September 30, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission File Number: 001-42937 Exzeo Group, Inc. (Exact Name of Registrant as Specified in its Charter) Florida(State or other jurisdiction ofincorporation or organization)1000 Century Park DriveTampa, FL(Address of principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerginggrowth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☐Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of December 5, 2025, the registrant had 90,771,289 shares of common stock, $0.001 par value per share, outstanding. Table of Contents PART I.FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)Consolidated Balance SheetsConsolidated Statements of IncomeConsolidated Statements of Comprehensive IncomeConsolidated Statements of Stockholders' EquityConsolidated Statements of Cash FlowsNotes to Consolidated Financial StatementsItem 2.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II.OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures In this report, for all periods presented, "we," "us," "our," the "Company" and "Exzeo" refer to Exzeo Group, Inc. and itssubsidiaries. EXZEO GROUP, INC. AND SUBSIDIARIESConsolidated Balance Sheets EXZEO GROUP, INC. AND SUBSIDIARIESConsolidated Statements of Income(Unaudited) (1)Amounts include revenues earned from related parties of $55,166 and $161,914 for the three and nine months ended September 30, 2025, respectively, and$28,610 and $88,915 for the three and nine months ended September 30, 2024, respectively. Refer toNote 4. RevenueandNote 8. Related Party Transactions foradditional information. (2)Amounts include costs incurred pursuant to related party transactions of $4,290 and $13,005 for the three and nine months ended September 30, 2025,respectively, and $4,002 and $11,444 for the three and nine months ended September 30, 2024, respectively. Refer toNote 8. Related Party Transactionsforadditional information. EXZEO GROUP, INC. AND SUBSIDIARIESConsolidated Statements of Comprehensive Income(Unaudited) EXZEO GROUP, INC. AND SUBSIDIARIESConsolidated Statements of Cash Flows(Unaudited) EXZEO GROUP, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements(Unaudited)(amounts in thousands, except share and per share amounts, unless otherwise stated) Note 1. Nature of Operations Exzeo Group, Inc. (''Exzeo'') is a majority owned subsidiary of HCI Group, Inc. ("HCI"). On February 27, 2025, Exzeo filed articlesof amendment to its Third Amended and Restated Articles of Incorporation changing its name from TypTap Insurance Group, Inc.to Exzeo Group, Inc. Exzeo and its consolidated subsidiaries (collectively, the "Company") provide turnkey insurance technologyand operations solutions to the property and casualty ("P&C") insurance industry. The Company's proprietary Insurance-as-a-Service ("IaaS") software platform combines configurable applications and advanced data-analytics tools that support coreinsurance functions such as underwriting, policy and claims management,