Safepoint Holdings (SFPT) investor relations material

Company overview and business model

• Operates as a specialty homeowners and commercial insurance underwriter with a focus on coastal markets, leveraging a majority fee-based servicing platform and a capital-efficient structure combining policyholder-owned reciprocal exchanges and a wholly owned insurance company.

• Majority of in-force premium is placed with reciprocal exchanges managed as attorney-in-fact, with only 11% placed with the wholly owned insurance company as of December 31, 2025.

• Business strategy emphasizes data-driven underwriting, robust risk management, and a low-cost operating model, supported by proprietary analytics and a comprehensive reinsurance program.

• Revenue is generated through three segments: Insurance Services (fee income from managed premium), Risk-Bearing Entities (direct insurance and reinsurance), and Reciprocal Exchanges (managed for a fee, not owned).

• Expanded geographically from Florida into Louisiana, Texas, Mississippi, Alabama, and California, with a product suite including homeowners, investment properties, condo, wind-only, and commercial insurance.

Financial performance and metrics

• Gross written premiums grew from $188 million in 2021 to $927.2 million in 2025, with managed premium reaching $985 million as of December 31, 2025.

• Net income attributable to controlling interest was $157.2 million in 2025, up from $41.3 million in 2024.

• Insurance Services segment income before taxes was $114.9 million in 2025, with an EBITDA margin of 71.7%.

• Risk-Bearing Entities segment income before taxes was $134.3 million in 2025, with a combined ratio of 66.0%.

• Adjusted general expense ratio was 6.9% in 2025, reflecting disciplined cost management.

• Return on equity to shareholders was 103.5% in 2025.

• As of March 31, 2026, total stockholders' equity was $302.9 million, with $650 million in cash and cash equivalents.

Use of proceeds and capital allocation

• Estimated net proceeds of $91.5 million (or $128.9 million if underwriters' option is exercised in full) based on an assumed IPO price of $16.00 per share.

• Proceeds intended to increase capitalization, enhance financial flexibility, and create a public market for the stock.

• Management has broad discretion over use of proceeds, with no specific allocation to particular projects.