Exzeo Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Premiums & Annuity Revenue	74.25	-	-	-	50.83	20.25
Total Interest & Dividend Income	2.47	0.55	0.05	0.03	0.81	1.06
Gain (Loss) on Sale of Investments	-	-	-	-	-0.02	0.48
Other Revenue	133.95	133.95	88.33	45.63	0.1	0.04
Total Revenue	210.67	134.5	88.39	45.66	51.73	21.83
Revenue Growth (YoY)	138.35%	52.17%	93.57%	-11.73%	136.97%	-
Policy Benefits	-	-	-	-	34.06	8.51
Policy Acquisition & Underwriting Costs	-	-	-	-	15.58	6.9
Depreciation & Amortization	0.43	0.34	0.29	0.18	-	-
Selling, General & Administrative	113.01	95.6	85.49	83.21	0.54	0.56
Other Operating Expenses	-	-	-	-	7.23	6.2
Total Operating Expenses	113.44	95.93	85.78	83.38	68.19	30.32
Operating Income	97.23	38.57	2.61	-37.72	-16.46	-8.49
Interest Expense	-0.01	-3.33	-1.72	-0.88	-0	-0
Pretax Income	97.22	35.24	0.88	-38.61	-16.46	-8.49
Income Tax Expense	24.75	9.17	-12.02	3.41	-4.04	-1.58
Earnings From Continuing Ops.	72.47	26.07	12.9	-42.01	-12.42	-6.91
Earnings From Discontinued Ops.	-	19.25	8.56	-17.3	-	-
Net Income	72.47	45.32	21.46	-59.32	-12.42	-6.91
Preferred Dividends & Other Adjustments	3.24	11.37	10.06	4.48	-	-
Net Income to Common	69.23	33.96	11.41	-63.8	-12.42	-6.91
Net Income Growth	237.64%	111.17%	-	-	-	-
Shares Outstanding (Basic)	79	77	76	76	75	75
Shares Outstanding (Diluted)	79	77	76	76	75	75
Shares Change (YoY)	3.44%	1.83%	0.56%	0.91%	-	-
EPS (Basic)	0.88	0.44	0.15	-0.84	-0.17	-0.09
EPS (Diluted)	0.87	0.44	0.15	-0.84	-0.17	-0.09
EPS Growth	480.31%	192.37%	-	-	-	-
Free Cash Flow	295.03	188.58	56.12	-20.22	28.9	30.64
Free Cash Flow Per Share	3.75	2.43	0.74	-0.27	0.39	0.41
Operating Margin	46.15%	28.67%	2.95%	-82.62%	-31.82%	-38.89%
Profit Margin	32.86%	25.25%	12.90%	-139.72%	-24.02%	-31.66%
Free Cash Flow Margin	140.04%	140.21%	63.50%	-44.28%	55.86%	140.36%
EBITDA	100	40.93	4.81	-36.04	-15.36	-7.81
EBITDA Margin	47.47%	30.43%	5.44%	-78.92%	-29.69%	-35.79%
D&A For EBITDA	2.78	2.36	2.2	1.69	1.1	0.68
EBIT	97.23	38.57	2.61	-37.72	-16.46	-8.49
EBIT Margin	46.15%	28.67%	2.95%	-82.62%	-31.82%	-38.89%
Effective Tax Rate	25.46%	26.02%	-	-	-	-
Revenue as Reported	-	-	-	-	51.73	21.83

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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