Exzeo Group Balance Sheet

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 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Investments in Debt Securities	-	-	-	-	16.52
Investments in Equity & Preferred Securities	-	-	-	-	4.45
Total Investments	-	-	-	-	20.97
Cash & Equivalents	305.37	54.5	15.06	-	99.73
Reinsurance Recoverable	-	-	-	-	2.17
Other Receivables	14.2	5.68	9.13	-	7.84
Deferred Policy Acquisition Cost	-	-	-	-	10.28
Property, Plant & Equipment	17.55	18.8	17.36	-	6.37
Restricted Cash	-	-	-	-	2
Other Current Assets	6.25	7.05	246.81	-	7.82
Long-Term Deferred Tax Assets	2.98	-	-	-	-
Long-Term Deferred Charges	1.12	3.13	3.22	-	-
Other Long-Term Assets	0.27	0.28	333.43	-	0.41
Total Assets	347.73	89.44	625.01	-	157.58
Accounts Payable	2.95	2.13	1.54	-	-
Accrued Expenses	4.61	4.76	4.9	-	4.27
Insurance & Annuity Liabilities	-	-	-	-	19.35
Unearned Premiums	-	-	-	-	67.08
Current Portion of Leases	2.41	2.13	1.74	-	0.33
Short-Term Debt	-	-	-	-	22
Current Income Taxes Payable	2.46	-	-	-	0.14
Long-Term Debt	-	-	58.15	-	-
Long-Term Leases	4.83	6.22	6.05	-	0.02
Long-Term Deferred Tax Liabilities	-	2.12	0.6	-	1.25
Other Current Liabilities	1.07	0.14	295.89	-	-
Other Long-Term Liabilities	0.79	0.85	145.2	-	36.59
Total Liabilities	93.58	73.93	554.14	-	151.03
Preferred Stock, Convertible	-	-	96.16	-	-
Common Stock	0.09	0.08	0.08	-	0.08
Additional Paid-In Capital	228.65	72.76	68.93	-	11
Retained Earnings	25.42	-57.33	-92.5	-	-4.91
Comprehensive Income & Other	-	-	-1.8	-	0.38
Total Common Equity	254.16	15.51	-25.3	-	6.55
Shareholders' Equity	254.16	15.51	70.87	-	6.55
Total Liabilities & Equity	347.73	89.44	625.01	-	157.58
Filing Date Shares Outstanding	90.91	82.7	76.1	75.68	75
Total Common Shares Outstanding	90.93	82.7	76.1	75.68	75
Total Debt	7.25	8.35	65.93	-	22.35
Net Cash (Debt)	298.13	46.15	-50.87	-	77.37
Net Cash Growth	545.98%	-	-	-	52.39%
Net Cash Per Share	3.57	0.60	-0.67	-	1.03
Book Value Per Share	2.80	0.19	-0.33	-	0.09
Tangible Book Value	254.16	15.51	-25.3	-	6.55
Tangible Book Value Per Share	2.80	0.19	-0.33	-	0.09
Machinery	-	2.22	1.65	-	8.42
Construction In Progress	-	1.07	1.01	-	-
Leasehold Improvements	-	0.54	0.43	-	0.34

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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