Revenue by Segment

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Insurance Operations	834.43M	717.26M	544.64M	500.15M	-
Insurance Operations Growth	16.34%	31.69%	8.90%	-	-
Exzeo	221.28M	134.50M	88.39M	56.32M	118.49M
Exzeo Growth	64.53%	52.17%	56.93%	-52.47%	129.06%
Reciprocal Exchange Operations	65.55M	30.76M	-	-	-
Reciprocal Exchange Operations Growth	113.07%	-	-	-	-
Real Estate	14.82M	14.07M	18.71M	23.77M	12.23M
Real Estate Growth	5.37%	-24.81%	-21.28%	94.40%	28.63%
Corporate/Other	23.57M	26.29M	10.36M	6.49M	8.41M
Corporate/Other Growth	-10.35%	153.70%	59.71%	-22.83%	328.27%
Reclassification/ Elimination	-258.71M	-172.82M	-111.43M	-87.17M	-11.94M
HCPCI Insurance Operations	-	-	-	-	280.74M
HCPCI Insurance Operations Growth	-	-	-	-	25.70%
Total	900.95M	750.05M	550.67M	499.56M	407.92M
Total Growth	20.12%	36.21%	10.23%	22.47%	49.16%

Source: S&P Global Market Intelligence.