Exzeo Group Raises $168M in U.S. IPO Highlighting Insurtech Growth

Exzeo Group, a Tampa-based insurance technology firm, successfully raised $168 million in its U.S. initial public offering (IPO) by pricing its shares at $21 each within its marketed range of $20 to $22.

The IPO values the company at approximately $1.91 billion, with parent company HCI Group retaining an 81.5% stake. Exzeo provides proprietary software and analytics solutions that enhance underwriting, claims, and policy management for property and casualty insurers, positioning itself as a significant player in insurance technology innovation.

The firm's IPO is part of a broader resurgence in U.S. insurance sector listings, following earlier market slowdowns influenced by trade policies and volatility. Exzeo is joining other recent insurance IPOs like Accelerant and Neptune Insurance, indicating renewed investor interest and confidence in the insurance technology market. The company will be listed on the New York Stock Exchange under the symbol 'XZO', with underwriting support from Truist Securities, Citizens Capital Markets, and William Blair.