HCI Group Announces Public Filing of Registration Statement for Proposed Initial Public Offering of Subsidiary, Exzeo Group, Inc.

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]