The Zhitong Finance App learned that the US insurance company Orion180 Insurance Group (OIG.US) announced the IPO pricing terms to issue 20 million shares at a price of 12 US dollars per share and raise 240 million US dollars, which is lower than the previous forecast range of 15 to 17 US dollars. Based on this issue price, the company's diluted market value is US$1.2 billion. The company's stock will begin trading on the NASDAQ on September 18, under the ticker symbol “OIG.”
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, managed underwriting premiums of about US$601 million in the past 12 months up to June 30, 2026, 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. RBC Capital Markets, UBS Investment Bank, Raymond James, Goldman Sachs, Deutsche Bank, Citizens JMP, and Texas Capital Securities are the joint bookkeepers of the IPO.