Safepoint Holdings (SFPT) investor relations material

Company overview and business model

• Operates as a specialty homeowners and commercial insurance underwriter, focusing on coastal markets like Florida and Louisiana, with expansion into other U.S. states and E&S lines.

• Utilizes a capital-efficient, majority fee-based servicing platform, managing reciprocal insurance exchanges and a wholly owned insurance company.

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

• Majority of in-force premium is placed with reciprocal exchanges, reducing direct risk exposure and earnings volatility.

• Business model emphasizes data-driven underwriting, robust reinsurance, and a low-cost operating structure.

Financial performance and metrics

• Gross written premiums grew from $642.6M in 2024 to $927.2M in 2025, a 44.3% increase.

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

• Managed premium reached $985.3M in 2025, with Insurance Services EBITDA margin at 71.7%.

• Adjusted general expense ratio was 6.9% in 2025, and return on equity to shareholders was 103.5%.

• Loss ratio improved from 57.2% in 2024 to 30.4% in 2025, and combined ratio dropped from 95.5% to 58.3%.

• Cash and cash equivalents were $650M as of March 31, 2026, with total stockholders' equity at $302.9M.

Use of proceeds and capital allocation

• Net proceeds from the IPO will be used to increase capitalization, enhance financial flexibility, and create a public market for the stock.

• Management has broad discretion over the use of proceeds, with a focus on supporting growth and capital structure optimization.

• Plans include potential refinancing of debt, growth acceleration, and possible shareholder returns through dividends or repurchases.