HCI Group files confidential S1 to spin off subsidiary Exzeo in IPO
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HCI Group files confidential S1 to spin off subsidiary Exzeo in IPO

Despite being hailed as an asset, executives said the current situation is not ideal for either valuation or competitive purposes.

By Adam Kovac
August 07, 2025
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HCI Group is moving forward with its plan to spin off subsidiary Exzeo into its own publicly traded entity, having confidentially filed a draft S1 with the SEC last week, President Kevin Mitchell said Thursday.

The

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News Earnings HCI Group Re/insurers Operations/tech Personal lines Homeowners' insurance Florida IPOs
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