The Zhitong Finance App learned that the US insurance company Orion180 Insurance Group (OIG.US) announced its IPO terms on Wednesday. The Melbourne, Florida-based company plans to raise $320 million by issuing 20 million shares in the price range of $15 to $17 per share. At the midpoint of the proposed range, Orion180 Insurance Group's fully diluted market capitalization would reach $1.6 billion.
Orion180 Insurance Group said that in terms of direct underwriting premiums, the company is the second-largest excess and surplus (“E&S”) home insurance provider in the US, with operations covering 14 states. The management underwriting premiums for the past 12 months up to June 30, 2026 were approximately US$601 million, and has sold more than 670,000 insurance policies since inception. As of June 30, 2026, its diverse product portfolio covers E&S and approved home insurance, private flood insurance, and a range of ancillary products, distributed through a network of more than 14,000 active independent agents. In 2025, 51% of its managers' insurance premiums came from traditional unapproved products, focusing on coastal and disaster-prone properties in high-risk areas.
Orion180 Insurance Group was founded in 2015 and achieved revenue of US$145 million in the twelve months ending June 30, 2026. The company plans to list on NASDAQ under the ticker OIG. RBC Capital Markets, UBS Investment Bank, Raymond James, Goldman Sachs, Deutsche Bank, Citizens JMP, and Texas Capital Securities were the joint bookkeepers of the transaction. Pricing is expected for the week of September 14, 2026.