Homeowners and flood insurance provider Orion180 Insurance Group Inc. has filed a Form S-1 with the US Securities and Exchange Commission for a proposed initial public offering of its Class A common stock.
According to reports, the firm is looking to raise up to USD 100 million from the offering. However, the number of shares to be offered or the price range for the proposed offering have not yet been determined, according to the filing.
Orion180 provides excess and surplus home insurance concentrated in the US Southeast, with approximately USD 601 million in managed premiums written for the twelve months ending on 30 June 2026, and over 670,000 policies sold since inception.
The firm offers E&S and admitted homeowners’ insurance, private flood insurance, and a range of ancillary products distributed through a network of independent agents.
In 2025, 51% of its managed written premiums were for traditional non-admitted products, focused on coastal and catastrophe-exposed properties in higher-risk geographies.
Orion180 has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “OIG.”
Additionally, the filing discloses that RBC Capital Markets, UBS Investment Bank, and Raymond James will act as lead book-running managers.
Goldman Sachs & Co. LLC, Deutsche Bank Securities, Citizens Capital Markets, and Texas Capital Securities will act as book-running managers for the proposed offering.
The filing also explained that upon the completion of this offering, the firm will have two classes of authorised common stock: Class A common stock and Class B common stock. The rights of both shares are said to be identical, except in voting, conversion, and transfer rights.
Immediately post-closing, the filing explained that Kenneth Gregg, Founder and Chief Executive Officer of Orion180, will be the only holder of Class B common stock and will benefit from significant voting power to influence over the outcome of matters submitted to our shareholders for approval.
“The principal purposes of this offering are to increase our capitalization and financial flexibility and to create a public market for our Class A common stock. We intend to use the net proceeds from this offering as capital to grow our business and for other general corporate purposes. We periodically evaluate strategic opportunities; however, we have no current commitments for any material acquisitions or investments at this time,” reads the filing.
