Orion180 Insurance Group, which provides E&S home insurance concentrated in the US Southeast, announced terms for its IPO on Wednesday.
The Melbourne, FL-based company plans to raise $320 million by offering 20 million shares at a price range of $15 to $17. At the midpoint of the proposed range, Orion180 Insurance Group would command a fully diluted market value of $1.6 billion.
Orion180 Insurance Group states it is the second largest excess and surplus (“E&S”) lines homeowners insurance provider in the United States by direct written premiums with a presence in 14 states, approximately $601 million in managed premiums written for the last twelve months ended June 30, 2026, and over 670,000 policies sold since inception. Its diverse product offerings across E&S and admitted homeowners’ insurance, private flood insurance, and a range of ancillary products are distributed through a network of more than 14,000 active independent agents as of June 30, 2026. In 2025, 51% of its manager written premiums were for traditional non-admitted products, with a focus on coastal and catastrophe-exposed properties in higher-risk geographies.
Orion180 Insurance Group was founded in 2015 and booked $145 million in revenue for the 12 months ended June 30, 2026. It plans to list on the Nasdaq under the symbol OIG. RBC Capital Markets, UBS Investment Bank, Raymond James, Goldman Sachs, Deutsche Bank, Citizens JMP, and Texas Capital Securities are the joint bookrunners on the deal. It is expected to price during the week of September 14, 2026.
