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The Fortegra Group Withdrawn, NYSE: TFG

Specialty insurer focused on niche business lines and fee-based services.

Industry: Financials

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Industry: Financials

We are a growing, highly profitable and multinational specialty insurance company focused on underwriting complex and niche risks in underserved markets. Founded in 1978, we have a long-standing track record of disciplined and stable underwriting results while generating strong growth and attractive returns on capital. We are an underwriting-focused company, with deep expertise within the admitted and excess and surplus (“E&S”) insurance lines and capital light fee-based services markets. We target moderate risk limits and utilize a sophisticated reinsurance strategy to reduce volatility and protect our capital. We believe we win through our differentiated go-to-market strategy, our expertise in customized underwriting solutions and the value-added services we offer to our distribution partners. Our financial success is demonstrated through our GWPPE compound annual growth rate (“CAGR”) of 27%, average combined ratio of 91%, average ROAE of 15% and average adjusted ROAE of 21%, each measured since 2019 through September 30, 2023.
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IPO Data
IPO File Date 11/08/2023
Offer Price
Price Range $15.00 - $18.00
Offer Shares (mm) 18.0
Deal Size ($mm) $297
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $15.00 - $18.00
Offer Shares (mm) 18.0
Deal Size ($mm) $297
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
J.P. Morgan
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Company Data
Headquarters Jacksonville, FL, United States
Founded 1978
Employees 1,100
Website www.fortegra.com

The Fortegra Group (TFG) Performance