Safepoint Holdings, a specialty homeowners and commercial property insurer focused on coastal markets, announced terms for its IPO on Tuesday.
The Tampa, FL-based company plans to raise $267 million by offering 16.7 million shares (63% secondary) at a price range of $15 to $17. At the midpoint of the proposed range, Safepoint Holdings would command a fully diluted market value of $1.2 billion.
Safepoint Holdings is a specialty property and casualty insurer focused on coastal markets, primarily Florida and Louisiana, serving both homeowners and small commercial policyholders. The company operates through a predominantly fee-based platform that manages the full insurance value chain, combining a wholly owned insurance subsidiary with policyholder-owned reciprocal exchanges that Safepoint manages as attorney-in-fact. With over $1 billion in in-force premiums, the majority of which sits within the reciprocal exchanges, the business is structured to be capital-efficient, generating fee income from managed premium volume rather than relying primarily on balance sheet risk-bearing.
Safepoint Holdings was founded in 2013 and booked $572 million in revenue for the 12 months ended March 31, 2026. It plans to list on the NYSE under the symbol SFPT. Deutsche Bank, Morgan Stanley, Keefe Bruyette Woods, Citizens JMP, Piper Sandler, Truist Securities, and William Blair are the joint bookrunners on the deal. It is expected to price the week of June 1, 2026.
