Select Financial Information of Exzeo Group, Inc.

The following tables present segment information of Exzeo Group, Inc. (“Exzeo”) contained in the notes to the consolidated financial statements (unaudited) of HCI Group, Inc. (“HCI”) for the three and nine months ended September 30, 2025 and 2024 set forth in HCI’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the Securities and Exchange Commission on November 7, 2025. The segment results presented below are figures disclosed within HCI’s segment reporting within the “Exzeo Group” segment. Accordingly, they may differ from the results that will be presented in Exzeo’s standalone consolidated basis and may reflect differences in classification or rounding, as well as differences due to consolidated level true-up adjustments and presentation differences. All intercompany accounts and transactions among Exzeo and its consolidated subsidiaries are eliminated in the results below.

 

		Three Months Ended, September 30,								Nine Months Ended, September 30,
		2025				2024				2025				2024
Revenue:
Net income from investment portfolio		$	1,101			$	197			$	2,262			$	339
Other			55,167				28,593				163,665				89,415
Total revenue			56,268				28,790				165,927				89,754
Expenses:
Other policy acquisition expenses			10,071				9,090				32,812				27,800
Stock-based compensation expense			730				1,471				2,159				2,828
Interest expense			—				15				—				3,321
Depreciation and amortization			758				655				2,197				1,926
Personnel and other operating expenses			16,354				11,733				47,320				34,423
Total expenses			27,913				22,964				84,488				70,298
Income before income taxes		$	28,355			$	5,826			$	81,439			$	19,456
Total revenue from non-affiliates		$	1,101			$	(336	)		$	4,012			$	839