Orion180 Insurance Group (OIG) investor relations material

Company overview and business model

• Technology-focused specialty insurance group with rapid organic growth since 2018, now the second largest E&S homeowners insurer in the U.S. by direct written premiums, operating in 14 states with over 670,000 policies sold.

• Offers E&S and admitted homeowners, private flood, and ancillary products via 14,000+ active independent agents; business split between Services Companies (MGA, claims, tech) and In-House Fronting Carriers.

• Proprietary MY180 platform integrates data-driven underwriting, policy admin, claims, and business intelligence, enabling real-time pricing and rapid product innovation.

• In-House Fronting Carriers retain 15–30% of risk, ceding the rest to a panel of 50+ reinsurers, optimizing capital efficiency and aligning incentives.

• Focus on flexible, modular products (e.g., FLEX homeowners), IoT integration, and agent-centric distribution for superior customer and agent experience.

Financial performance and metrics

• Managed premiums written grew from $444M in 2025 to $601M LTM June 2026, with policy retention rates rising to 88.3% for the six months ended June 2026.

• Net income of $16.3M in 2025 (up from a loss of $0.3M in 2024); consolidated adjusted EBITDA of $43.2M in 2025, up 424% year-over-year.

• Gross premiums written increased 69% year-over-year to $443.9M in 2025; consolidated adjusted EBITDA margin rose to 35% in 2025.

• Average direct loss ratio of 36% since inception, outperforming industry averages by ~30 percentage points.

• Services segment generated $157.3M in commission and fees revenue and $50.4M in adjusted EBITDA in 2025, reflecting high-margin, fee-based income.

Use of proceeds and capital allocation

• Net proceeds from the IPO will be used to increase capitalization, support business growth, and for general corporate purposes; a portion may be used to repay outstanding debt under the New Credit Facility.

• Management retains broad discretion over use of proceeds.