Exzeo announces $12M stock repurchase program

Exzeo announced a new stock repurchase program authorizing up to $12 million in common share buybacks under a Rule 10b5-1 trading plan.

According to the announcement, repurchases may occur through open market purchases, block transactions, or privately negotiated deals, subject to market conditions and applicable securities laws.

Exzeo, formerly HCI Group’s technology business, provides software and insurance infrastructure for P&C carriers through its Insurance-as-a-Service platform focused on homeowners insurance operations.

“This share repurchase program reflects our confidence in the long-term value of Exzeo Group. The company continues to generate strong positive cash flow and maintains a debt-free balance sheet.” – Paresh Patel, CEO of Exzeo.