Core Viewpoint - HCI Group, Inc. announced the IPO of its subsidiary Exzeo Group, Inc., offering 8 million shares priced between $20.00 and $22.00 per share, with HCI retaining majority ownership post-IPO [1][2]. Group 1: IPO Details - Exzeo is offering 8,000,000 primary shares in its IPO, with an additional 1,200,000 shares available for underwriters [1]. - The expected IPO price range is between $20.00 and $22.00 per share [1]. - The registration statement is anticipated to become effective on November 4, 2025, unless further action is taken by the SEC [2]. Group 2: Underwriters - Truist Securities is the lead left bookrunner for the offering, with Citizens Capital Markets and William Blair as joint active book-running managers, and Fifth Third Securities as a co-manager [3]. Group 3: Company Overview - HCI Group operates through two units: one includes insurance companies and a reinsurance company, while the other, Exzeo Group, focuses on insurance technology using advanced algorithms and data analytics [6]. - HCI Group's common shares are traded on the NYSE under the ticker symbol "HCI" and are part of the Russell 2000 and S&P SmallCap 600 Index [7].

Table of Contents As filed with the Securities and Exchange Commission on October 16, 2025. Registration No. 333-290500 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Exzeo Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Florida 6331 85-2578837 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Id ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates is challenging due to inherent volatility and risks [1] Group 1: HCI Group's Growth Potential - HCI Group is recommended as a strong growth stock based on its favorable Growth Score and top Zacks Rank [2] - The historical EPS growth rate for HCI Group is 152.2%, with projected EPS growth of 130.5% this year, significantly higher than the industry average of 11.8% [4] - HCI Group has an asset utilization ratio of 0.35, indicating it generates $0.35 in sales for every dollar in assets, which is more efficient than the industry average of 0.34 [5] - The company's sales are expected to grow by 18.9% this year, compared to the industry average of 5% [6] Group 2: Earnings Estimate Revisions - The current-year earnings estimates for HCI Group have been revised upward, with the Zacks Consensus Estimate increasing by 4.6% over the past month [8] - The positive trend in earnings estimate revisions correlates strongly with near-term stock price movements, supporting HCI Group's growth outlook [7] Group 3: Overall Positioning - HCI Group holds a Zacks Rank of 2 (Buy) and a Growth Score of B, positioning it well for potential outperformance in the growth stock category [10]

Core Viewpoint - HCI Group is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations in previous quarters [1][2]. Earnings Performance - HCI Group has a solid track record of surpassing earnings estimates, with an average surprise of 17.52% over the last two quarters [2]. - In the last reported quarter, HCI Group achieved earnings of $5.18 per share, exceeding the Zacks Consensus Estimate of $4.47 per share by 15.88% [3]. - For the previous quarter, the company reported earnings of $5.35 per share against an expected $4.49 per share, resulting in a surprise of 19.15% [3]. Earnings Estimates and Predictions - Recent changes in earnings estimates for HCI Group have been favorable, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [6]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [7]. - HCI Group currently has an Earnings ESP of +87.40%, suggesting analysts are optimistic about the company's earnings prospects [9]. Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [8]. - A positive Earnings ESP combined with a Zacks Rank of 2 (Buy) indicates a strong potential for another earnings beat [9]. - It is crucial to check a company's Earnings ESP before quarterly releases to enhance the chances of successful investment decisions [10].

Group 1 - HCI Group Inc and FB Financial Corp are identified as potentially overbought stocks in the financial sector, with RSI values above 70 [2][3][4] - HCI Group reported better-than-expected second-quarter earnings, highlighting solid profitability and growth in book value per share, with a stock price increase of approximately 11% over the past month [7] - FB Financial also posted positive quarterly results, achieving aggressive growth and profitability goals, with a stock price increase of around 12% over the past month [7] Group 2 - HCI Group's stock closed at $198.09, with an RSI value of 70.5 and a momentum score of 83.85 [7] - FB Financial's stock closed at $58.60, with an RSI value of 70.3 [7]

Core Insights - HCI Group's stock closed at $188.09, reflecting a +2.09% increase, outperforming the S&P 500's gain of 1.56% [1] - The upcoming earnings release is expected to show an EPS of $1.64, a significant increase of 248.94% year-over-year, with projected revenue of $224.86 million, up 28.26% from the same quarter last year [2] - For the full year, earnings are projected at $16.32 per share and revenue at $891.62 million, indicating increases of +120.24% and +18.87% respectively from the previous year [3] - HCI Group currently holds a Zacks Rank of 1 (Strong Buy), with a Forward P/E ratio of 11.29, which is lower than the industry average of 11.47 [5] Industry Overview - The Insurance - Property and Casualty industry is part of the Finance sector and holds a Zacks Industry Rank of 44, placing it in the top 18% of over 250 industries [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Core Viewpoint - HCI Group is experiencing significant stock performance and is expected to report strong earnings growth in the upcoming earnings disclosure Group 1: Stock Performance - HCI Group closed at $191.93, reflecting a +2.74% increase from the previous day, outperforming the S&P 500's gain of 0.41% [1] - Over the past month, HCI Group's shares have appreciated by 12.06%, significantly exceeding the Finance sector's gain of 1.64% and the S&P 500's gain of 3.15% [1] Group 2: Earnings Expectations - The anticipated EPS for HCI Group is $1.64, representing a remarkable 248.94% increase compared to the same quarter last year [2] - The consensus estimate for quarterly revenue is $224.86 million, which is up 28.26% from the year-ago period [2] Group 3: Annual Performance Projections - For the annual period, earnings are projected at $16.32 per share, indicating a +120.24% change from the previous year [3] - Revenue for the annual period is expected to be $891.62 million, reflecting an +18.87% increase from last year [3] Group 4: Analyst Estimates and Outlook - Recent modifications to analyst estimates for HCI Group suggest a favorable outlook on the company's business health and profitability [4] - Adjustments in estimates are correlated with imminent stock price performance, indicating potential investment opportunities [5] Group 5: Zacks Rank and Valuation - HCI Group currently holds a Zacks Rank of 2 (Buy), with a strong historical performance of 1 ranked stocks yielding an average annual return of +25% since 1988 [6] - The Forward P/E ratio for HCI Group is 11.45, which aligns with the industry average [7] - The Insurance - Property and Casualty industry, part of the Finance sector, is ranked 32 in the Zacks Industry Rank, placing it in the top 13% of over 250 industries [7]

Core Viewpoint - HCI Group, Inc. has announced that its subsidiary, Exzeo Group, Inc., has filed a registration statement for a proposed initial public offering (IPO) of its common stock, with details on the number of shares and price range yet to be determined [1] Group 1: IPO Details - The offering is subject to market conditions, and there is no assurance regarding the completion, size, or terms of the offering [1] - Truist Securities, Citizens Capital Markets, and William Blair are acting as joint book-running managers, while Fifth Third Securities is a co-manager for the offering [2] Group 2: Registration Statement - A registration statement on Form S-1 has been filed with the SEC but has not yet become effective, meaning the securities cannot be sold or offers accepted until it is effective [4] Group 3: Company Overview - HCI Group is a holding company with two operating units: one includes insurance companies and a reinsurance company, while the other, Exzeo Group, focuses on insurance technology using advanced algorithms and data analytics [5] - HCI Group's common shares are traded on the NYSE under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index [6]

Industry Overview - The Zacks Property and Casualty Insurance industry has performed well in 2025, driven by better pricing, prudent underwriting standards, increased exposure, streamlined operations, a wider global presence, and a solid capital position [1] - The industry has returned 7.9% year-to-date, compared to the Finance sector and the Zacks S&P 500 composite's growth of 14.9% [2] - Global commercial insurance rates declined by 4% in Q2 2025, marking the fourth consecutive decrease after seven years of increases [4][7] Driving Forces - Increased technology advancements and an improving rate environment have contributed positively to the industry [1] - Heavy investments in blockchain, telematics, and insurtech are enhancing efficiency and long-term profitability [7][10] - The global insured losses from natural catastrophes reached $80 billion in the first half of 2025, nearly double the 10-year average, impacting profitability and policy renewal rates [5] Company Performance - Heritage Insurance Holdings, Inc. (HRTG) has seen significant growth, with a 125.5% increase in shares year-to-date, driven by its expanding commercial residential business and improving pricing [15][12] - ProAssurance Corporation (PRA) has benefited from strong premium growth and strategic acquisitions, with shares rallying 50% year-to-date and a 16.8% year-over-year growth in earnings estimates for 2025 [17][16] - HCI Group, Inc. (HCI) has also shown strong performance, with shares up 56.5% year-to-date and a 120.2% year-over-year growth in earnings estimates for 2025 [20][19] Future Outlook - Gross premiums in the insurance industry are estimated to exceed $722 billion by 2030, indicating a positive growth trajectory [4] - The insurance industry is expected to generate around $4.7 billion in annual global premiums from AI-related insurance by 2032, with a CAGR of nearly 80% [10]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of "buying high, hoping to sell even higher" [1] - The Zacks Momentum Style Score helps investors identify which metrics are effective for assessing momentum [2] Group 2: HCI Group Performance - HCI Group currently has a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4] - Over the past week, HCI shares increased by 6%, while the Zacks Insurance - Property and Casualty industry rose by 0.77% [6] - HCI's shares have risen 19.21% over the past quarter and 73.17% over the last year, outperforming the S&P 500's gains of 11.05% and 18.96%, respectively [7] Group 3: Trading Volume and Earnings Outlook - HCI's average 20-day trading volume is 128,605 shares, indicating a bullish sign if the stock price rises with above-average volume [8] - In the past two months, three earnings estimates for HCI have increased, raising the consensus estimate from $15.54 to $16.32 [10] - The positive earnings revisions contribute to HCI's strong performance and favorable outlook [9][12]