Orion180 Insurance Group (OIG) Q3 2026 earnings summary

Executive summary

• Q3 managed premiums in force rose 72.3% YoY to $678.2M; managed premiums written increased 60.3% to $203.9M.

• Revenue grew 58.0% to $53.9M, net income rose 32.3% to $11.5M, and Adjusted EBITDA increased 64.6% to $25.1M.

• The September 21 IPO raised $219.3M net; proceeds were applied to debt repayment.

Financial highlights

• Q3 net premiums earned rose 52.4% to $29.9M; policy fees increased 70.3% to $17.2M and commission/service income grew 75.4% to $4.1M.

• Q3 net income was $11.5M vs. $8.7M; basic and diluted EPS were each $0.14 vs. $0.11.

• Nine-month revenue increased 58.5% to $134.0M, net income rose to $25.0M from $5.6M, and Adjusted EBITDA reached $50.5M vs. $19.2M.

• Nine-month operating cash flow was $137.3M vs. $49.6M; cash, cash equivalents and restricted cash ended at $173.4M, up from $56.2M at year-end 2025.

Outlook and guidance

• Management expects durable top- and bottom-line growth, continued market-share gains and long-term shareholder value, supported by homeowners products and the MY180 platform.

• Growth priorities include deepening share in current states, selectively evaluating new states, expanding products and maintaining underwriting discipline; margins are expected to optimize over time.

• Liquidity and capital sources are expected to support growth, planned capital spending and public-company costs for at least 12 months; additional financing may be needed if operating cash flow is insufficient.