Exzeo Group raises $168M via IPO

Tampa-based Exzeo Group has raised $168 million via an initial public offering, selling 8 million shares at $21 each, valuing the company at around $1.9 billion. Following the offering, Exzeo’s majority shareholder, HCI Group, will continue to hold an 81.5% stake.

Founded in 2012, Exzeo builds software and analytics tools for property and casualty insurers, particularly in homeowners insurance. In the first half of 2025, it reported $39.6 million in net income on $108.5 million in revenue.