Exzeo Group, Inc. (XZO) Stock

Exzeo Group, Inc. (XZO) is a Technology stock trading at $16.86 (as of 2026-08-21), with a market capitalization of $1.53B and a trailing P/E of 17.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Exzeo Group, Inc. provides turnkey insurance technology and operations solutions to insurance carriers and agents. The company offers an Insurance-as-a-Service (IaaS) platform that provides solutions for operational and administrative activities, such as quoting and underwriting, policy management, claims processing management, data reporting, and financial reporting. It serves property and casualty insurance industry. The company was formerly known as TypTap Insurance Group, Inc. Exzeo Group, Inc. was founded in 2012 and is based in Tampa, Florida. Exzeo Group, Inc. operates as a subsidiary of HCI Group, Inc.

Understand Exzeo Group, Inc.: how it makes money

Exzeo Group provides an Insurance-as-a-Service (IaaS) platform that delivers turnkey insurance technology and operations for property and casualty insurers and agents, including quoting and underwriting, policy management, claims processing, and reporting, and it makes money by running these recurring insurance operations services for customers.

Exzeo's profit model is built around recurring IaaS operations for P&C insurance, where its operating scale is reflected in Annual Recurring Revenue and Managed Premium.

Business quality (Strong): Clear business description and usable operating KPIs (Annual Recurring Revenue, Managed Premium), but the provided segment breakdown is not a clean revenue split, so segment-level interpretation is limited.

Valuation: Trades at 15× trailing earnings · $1B market cap.

Bull case

  • Recurring IaaS exposure: The company sells Insurance-as-a-Service, and its key operating KPI includes Annual Recurring Revenue, which can support more steady monetization of insurance operations.
  • Operational scale metric exists: Managed Premium is provided as an operating metric, linking business volume to the insurance processing platform (quoting, underwriting, policy, claims, and reporting).
  • High profitability reported for the quarter: For the period ended 2026-03-31, reported gross margin was 59.0% and operating margin was 45.2%.

Bear case

  • Customer and process concentration risk: Exzeo focuses on property and casualty insurance carriers and agents, so changes in that industry or customer purchasing behavior can directly affect demand for quoting, underwriting, policy, claims, and reporting services.
  • Service complexity risk: The platform covers multiple operational and administrative workflows (including claims processing management and financial reporting), which can be exposed to execution and operational reliability challenges.
  • Limited segment clarity from provided data: The supplied segment revenue candidates do not provide a clean, mutually exclusive breakdown of revenue, which makes it harder to pinpoint where performance changes originate.
Valuation — source: SEC EDGAR (first-party)
Price$16.86
Market Cap$1.53B
P/E Ratio17.7
EV / EBITDA12.5
Price / Book5.32
Price / Sales6.83
FCF Yield6.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$216.98M
Net Margin38.1%
Revenue Growth (YoY)3.0%
EPS Growth (YoY)0.0%
FCF Growth (YoY)8.3%
Financial Health — source: SEC EDGAR
Altman Z-Score12.39 (safe)
Valuation vs Sector & Industry
Stock P/E17.7
Sector P/E (Technology)34.0
Industry P/E (Business Services)30.2
vs Sector-47.8%
vs Industry-41.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderPhiladelphia Financial Management of San Francisco, LLC ($17.22M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOPareshbhai Suryakant Patel
CountryUS
IPO Date2025-11-05

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XZO earnings history · XZO institutional & insider holders · XZO KPIs & operating metrics · XZO financials · XZO investor presentations & press releases · XZO SEC filings · XZO peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.