Exzeo Group, Inc. Q1 FY2026 earnings call

Exeo made meaningful progress in early 2026. Managed premium grew to $1.43 billion. Added three new carriers with $105 million managed premium. Added about 20 new full-time employees. Developed WinForm Pro using AI to address industry challenges

Managed premium on the platform was $1.43 billion. Revenue increased to $56 million from $52 million in the prior year quarter. Adjusted EBITDA margin was over 49%. Annual recurring revenue was $216 million. Free cash flow was about $25 million. Managed premium from non-ACI clients was approximately $105 million

For Q2, pre-tax income expected between $27M and $30M. Full-year 2026 guidance unchanged at $115M - $125M. Managed premium expected stable at ~$1.4B in Q2, $1.55B by year-end 2026

Forward-looking statements subject to various risks and uncertainties, including those in SEC filings which could materially affect business, financial condition, and results of operations

Q: Matt Carletti asked about new clients' onboarding and pipeline, and WinForm Pro's revenue impact.

A: Kevin and Parrish responded on new clients' progress and WinForm Pro as a revenue generator and brand spread.

Q: Terry Tillman asked about AI tailwinds and team progress.

A: Kevin and Parrish discussed AI's role and team building.

Q: Dylan Becker asked about platform expansion and Florida exposure.

A: Parrish and Suela talked about platform growth and seasonal components