v3.25.2
Segment Information - Summary of Segment Information Reconciled to Consolidated Statements of Income (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Gross premiums earned $ 302,628 [1] $ 263,561 [2] $ 603,011 [3] $ 520,205 [4]
Premiums ceded (102,522) (76,713) (202,157) (144,819)
Net premiums earned 200,106 186,848 400,854 375,386
Net income from investment portfolio 17,780 17,626 30,792 34,328
Policy fee income 1,467 1,089 3,696 2,108
Other 2,567 682 3,011 1,037
Total revenue 221,920 206,245 438,353 412,859
Expenses:        
Losses and loss adjustment expenses 64,457 78,324 123,748 158,246
Amortization of deferred policy acquisition costs 28,442 21,951 54,753 42,882
Other policy acquisition expenses 2,109 1,501 3,085 2,709
Stock-based compensation expense 2,695 2,376 5,667 3,958
Interest expense 3,744 3,452 7,128 6,601
Depreciation and amortization 1,671 1,564 3,317 3,054
Personnel and other operating expenses 24,410 21,051 45,924 41,953
Total expenses 127,528 130,219 243,622 259,403
Income before income taxes 94,392 [5] 76,026 [6] 194,731 [7] 153,456 [8]
Gross premiums written 356,545 306,902 645,791 561,888
Insurance Operation [Member]        
Revenue:        
Gross premiums earned 1,280 1,212    
Reciprocal Exchange Operation [Member]        
Revenue:        
Gross premiums earned     2,479 1,665
Operating Segments [Member] | Insurance Operation [Member]        
Revenue:        
Gross premiums earned 282,269 [1] 251,969 [2] 564,404 [3] 505,441 [4]
Premiums ceded (95,017) (71,656) (188,444) (137,997)
Net premiums earned 187,252 180,313 375,960 367,444
Net income from investment portfolio 14,583 11,966 25,442 24,724
Policy fee income 302 56 2,531 1,075
Other 3,602 4,268 6,348 7,360
Total revenue 205,739 196,603 410,281 400,603
Expenses:        
Losses and loss adjustment expenses 82,365 80,064 153,180 164,088
Amortization of deferred policy acquisition costs 27,027 21,863 52,271 42,794
Other policy acquisition expenses 15,268 10,490 33,601 25,905
Stock-based compensation expense 325 319 798 688
Interest expense 0 0 0 0
Depreciation and amortization 611 612 1,222 1,224
Personnel and other operating expenses 12,071 14,864 23,315 28,297
Total expenses 137,667 128,212 264,387 262,996
Income before income taxes (68,072) [5] 68,391 [6] 145,894 [7] 137,607 [8]
Total revenue from non-affiliates 201,670 [9] 191,798 [10] 402,720 [11] 392,601 [12]
Gross premiums written 337,502 270,867 597,031 506,366
Operating Segments [Member] | Exzeo Group Inc [Member]        
Revenue:        
Gross premiums earned 0 [1] 0 [2] 0 [3] 0 [4]
Premiums ceded 0 0 0 0
Net premiums earned 0 0 0 0
Net income from investment portfolio 763 129 1,161 142
Policy fee income 0 0 0 0
Other 56,091 27,893 108,498 60,822
Total revenue 56,854 28,022 109,659 60,964
Expenses:        
Losses and loss adjustment expenses 0 0 0 0
Amortization of deferred policy acquisition costs 0 0 0 0
Other policy acquisition expenses 10,074 7,552 22,741 18,710
Stock-based compensation expense 706 656 1,429 1,357
Interest expense 0 1,806 0 3,306
Depreciation and amortization 731 657 1,439 1,271
Personnel and other operating expenses 16,454 10,821 30,966 22,690
Total expenses 27,965 21,492 56,575 47,334
Income before income taxes (28,889) [5] (6,530) [6] 53,084 [7] 13,630 [8]
Total revenue from non-affiliates 2,513 [9] 1,162 [10] 2,911 [11] 1,175 [12]
Gross premiums written 0 0 0 0
Operating Segments [Member] | Reciprocal Exchange Operation [Member]        
Revenue:        
Gross premiums earned 21,639 [1] 12,804 [2] 41,086 [3] 16,429 [4]
Premiums ceded (8,785) (6,269) (16,192) (8,487)
Net premiums earned 12,854 6,535 24,894 7,942
Net income from investment portfolio 974 139 1,754 195
Policy fee income 0 0 0 0
Other 4 9 5 9
Total revenue 13,832 6,683 26,643 8,146
Expenses:        
Losses and loss adjustment expenses 4,842 1,605 7,614 2,873
Amortization of deferred policy acquisition costs 1,415 88 2,482 88
Other policy acquisition expenses 2,836 1,805 5,357 2,351
Stock-based compensation expense 0 0 0 0
Interest expense 1,124 559 2,232 1,371
Depreciation and amortization 0 0 0 0
Personnel and other operating expenses 808 52 1,063 106
Total expenses 11,025 4,109 18,748 6,789
Income before income taxes (2,807) [5] 2,574 [6] 7,895 [7] 1,357 [8]
Total revenue from non-affiliates 15,112 [9] 7,895 [10] 29,122 [11] 9,811 [12]
Gross premiums written 19,043 36,035 48,760 55,522
Operating Segments [Member] | Real Estate Operations [Member]        
Revenue:        
Gross premiums earned 0 [1],[13] 0 [2],[14] 0 [3],[15] 0 [4],[16]
Premiums ceded 0 [13] 0 [14] 0 [15] 0 [16]
Net premiums earned 0 [13] 0 [14] 0 [15] 0 [16]
Net income from investment portfolio 0 [13] 0 [14] 0 [15] 0 [16]
Policy fee income 0 [13] 0 [14] 0 [15] 0 [16]
Other 3,493 [13] 5,834 [14] 6,333 [15] 9,281 [16]
Total revenue 3,493 [13] 5,834 [14] 6,333 [15] 9,281 [16]
Expenses:        
Losses and loss adjustment expenses 0 [13] 0 [14] 0 [15] 0 [16]
Amortization of deferred policy acquisition costs 0 [13] 0 [14] 0 [15] 0 [16]
Other policy acquisition expenses 0 [13] 0 [14] 0 [15] 0 [16]
Stock-based compensation expense 0 [13] 0 [14] 0 [15] 0 [16]
Interest expense 215 [13] 221 [14] 431 [15] 444 [16]
Depreciation and amortization 640 [13] 418 [14] 1,150 [15] 798 [16]
Personnel and other operating expenses 2,064 [13] 1,629 [14] 3,797 [15] 3,063 [16]
Total expenses 2,919 [13] 2,268 [14] 5,378 [15] 4,305 [16]
Income before income taxes (574) [5],[13] 3,566 [6],[14] 955 [7],[15] 4,976 [8],[16]
Total revenue from non-affiliates 2,629 [9],[13] 4,992 [10],[14] 4,604 [11],[15] 7,598 [12],[16]
Operating Segments [Member] | Corporate and Other [Member]        
Revenue:        
Gross premiums earned 0 [1],[17] 0 [2],[18] 0 [3],[19] 0 [4],[20]
Premiums ceded 0 [17] 0 [18] 0 [19] 0 [20]
Net premiums earned 0 [17] 0 [18] 0 [19] 0 [20]
Net income from investment portfolio 2,129 [17] 3,975 [18] 3,894 [19] 8,669 [20]
Policy fee income 5 [17] 0 [18] 5 [19] 0 [20]
Other 2,548 [17] 3,611 [18] 6,203 [19] 4,641 [20]
Total revenue 4,682 [17] 7,586 [18] 10,102 [19] 13,310 [20]
Expenses:        
Losses and loss adjustment expenses 0 [17] 0 [18] 0 [19] 0 [20]
Amortization of deferred policy acquisition costs 0 [17] 0 [18] 0 [19] 0 [20]
Other policy acquisition expenses 1,339 [17] 0 [18] 3,467 [19] 0 [20]
Stock-based compensation expense 1,664 [17] 1,401 [18] 3,440 [19] 1,913 [20]
Interest expense 3,529 [17] 3,231 [18] 6,697 [19] 6,157 [20]
Depreciation and amortization 194 [17] 162 [18] 385 [19] 322 [20]
Personnel and other operating expenses 5,443 [17] 4,140 [18] 9,598 [19] 7,873 [20]
Total expenses 12,169 [17] 8,934 [18] 23,587 [19] 16,265 [20]
Income before income taxes (7,487) [5],[17] (1,348) [6],[18] (13,485) [7],[19] (2,955) [8],[20]
Total revenue from non-affiliates 1,327 [9],[17] 2,195 [10],[18] 2,165 [11],[19] 4,979 [12],[20]
Intersegment Eliminations [Member]        
Revenue:        
Gross premiums earned 1,280 [1] (1,212) [2] (2,479) [3] (1,665) [4]
Premiums ceded (1,280) 1,212 2,479 1,665
Net premiums earned 0 0 0 0
Net income from investment portfolio (669) 1,417 (1,459) 598
Policy fee income 1,160 1,033 1,160 1,033
Other (63,171) (40,933) (124,366) (81,076)
Total revenue 62,680 (38,483) (124,665) (79,445)
Expenses:        
Losses and loss adjustment expenses 22,750 (3,345) (37,046) (8,715)
Amortization of deferred policy acquisition costs 0 0 0 0
Other policy acquisition expenses 27,408 (18,346) (62,081) (44,257)
Stock-based compensation expense 0 0 0 0
Interest expense 1,124 (2,365) (2,232) (4,677)
Depreciation and amortization 505 (285) (879) (561)
Personnel and other operating expenses 12,430 (10,455) (22,815) (20,076)
Total expenses 64,217 (34,796) (125,053) (78,286)
Income before income taxes $ 1,537 [5] $ (3,687) [6] $ 388 [7] $ (1,159) [8]
[1] Gross premiums earned under insurance operations includes $1,280 earned from reciprocal exchange operations.
[2] Gross premiums earned under insurance operations include $1,212 earned from the reciprocal exchange operations.
[3] Gross premiums earned under insurance operations include $2,479 earned from the reciprocal exchange operations.
[4] Gross premiums earned under insurance operations include $1,665 earned from the reciprocal exchange operations.
[5] The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions among operating segments. The insurance operations and the reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while Exzeo Group and the AIF operations recognize service fee revenue according to revenue recognition standards. Although both service fee expenses and revenue are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition.
[6] The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions among operating segments. The insurance operations and the reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while Exzeo Group and the AIF operations recognize service fee revenue according to revenue recognition standards. Although both service fee expenses and revenue are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition.
[7] The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions among operating segments. The insurance operations and the reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while Exzeo Group and the AIF operations recognize service fee revenue according to revenue recognition standards. Although both service fee expenses and revenue are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition.
[8] The income (loss) before income taxes in the reclassification/elimination column is attributable to intercompany transactions among operating segments. The insurance operations and the reciprocal exchange operations record service fee expenses based on earned premiums or other appropriate measures, while Exzeo Group and the AIF operations recognize service fee revenue according to revenue recognition standards. Although both service fee expenses and revenue are fully eliminated on consolidation, they do not completely offset each other in this presentation due to the different methods of recognition.
[9] Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.
[10] Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.
[11] Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.
[12] Represents amounts before reclassification of certain revenue and expenses to conform with an insurance company’s presentation.
[13] Other revenue under real estate primarily consisted of rental income from investment properties.
[14] Other revenue under real estate primarily consisted of rental income from investment properties.
[15] Other revenue under real estate primarily consisted of rental income from investment properties.
[16] Other revenue under real estate primarily consisted of rental income from investment properties.
[17] Other revenue under corporate and other primarily consisted of management fees for attorney-in-fact services.
[18] Other revenue under corporate and other primarily consisted of management fees for attorney-in-fact services.
[19] Other revenue under corporate and other primarily consisted of management fees for attorney-in-fact services.
[20] Other revenue under corporate and other primarily consisted of management fees for attorney-in-fact services.