Bamboo Insurance Services (BMB) investor relations material

Company overview and business model

• Operates as a technology-enabled, capital-light, underwriting-first homeowners insurance MGU, leveraging AI and data analytics for risk selection and operational efficiency.

• Focuses on managing all functions across the insurance value chain, including underwriting, claims, and distribution, while partnering with highly rated capacity providers who bear the primary insurance risk.

• Core business generates recurring revenue from commissions and policyholder fees, with additional income from a retail agency and a captive reinsurance entity.

• Launched in California, expanded to Texas, and plans further geographic growth; targets mid-market homes with limited catastrophe exposure.

Financial performance and metrics

• For the twelve months ended June 30, 2026: $879M managed premium, $321M total revenue, $139M adjusted EBITDA (43% margin), $23M net income (7% margin).

• Year-over-year growth (1H26 vs. 1H25): 34% managed premium, 40% total revenue, 51% MGU segment organic revenue.

• Policy retention at 88% and underwriting outperformance of 32 points over industry average for the last five years.

• For the year ended December 31, 2025: $766M managed premium, $246M revenue, $104M adjusted EBITDA (38% margin), 58% managed premium growth.

Use of proceeds and capital allocation

• No proceeds will be received from the IPO; all shares are being sold by existing stockholders.

• Principal purpose of the offering is to create a public market for the stock and facilitate future access to public equity markets.

• Company intends to retain future earnings to fund growth and repay debt; no current plans to pay regular cash dividends.