Exzeo Group, an insurance technology firm based in Tampa, Florida, made a muted debut on the NYSE with shares opening flat at $21, valuing the company at about $1.9 billion. The IPO raised $168 million through the sale of 8 million shares, even as other recent insurance listings like Accelerant and Neptune Insurance saw stronger investor enthusiasm. Founded in 2012, Exzeo develops software and analytics tools for property and casualty insurers to streamline underwriting, claims, and policy management, with parent company HCI Group retaining an 81.5% stake post-offering.

Insurance Tech Firm Exzeo Valued at $1.9 Billion in Muted NYSE Debut