Orion180 Reports Strong Q3 2026 Results, Completes IPO
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Orion180 Insurance Group Announces Strong Q3 2026 Results and IPO Completion
MELBOURNE, Fla. - November 10, 2026 - Orion180 Insurance Group Inc. (NASDAQ: OIG) announced robust financial results for the third quarter ended September 30, 2026, showcasing significant growth and profitability. The quarter was also marked by a major corporate milestone: the successful completion of its initial public offering (IPO) in September 2026.
The company, a leading provider of flexible, customer-centric homeowners and flood insurance solutions, demonstrated strong performance across key metrics, reflecting the effectiveness of its business model and proprietary technology.
Key Financial Highlights for Q3 2026 (vs. Q3 2025)
- Managed premiums in-force surged by 72% to $678 million.
- Managed premiums written increased by 60% to $204 million.
- New business premiums written saw a 62% rise to $102 million.
- Net income grew by 32% to $11 million.
- Consolidated adjusted EBITDA climbed by 65% to $25 million.
- The policy retention rate stood at 88%, compared to 90% in the prior-year period.
Kenneth Gregg, Chief Executive Officer of Orion180, emphasized the excellent quarterly performance, highlighting the rapid growth in managed premiums and significant increase in profitability. He noted that the successful IPO was a major company milestone, attributing the results to the strength, differentiation, and scalability of their eight-year-old business model. Mr. Gregg also underscored Orion180's strong position for durable top and bottom-line growth, driven by its attractive suite of homeowners solutions, including the flagship FLEX product, and its proprietary end-to-end MY180 tech platform. This platform seamlessly integrates best-in-class underwriting, claims management, and real-time analytic capabilities, enabling disciplined growth across its expanding 14-state footprint and continued market share gains.
Following its IPO, which closed on September 21, 2026, with the issuance of 20,000,000 shares of Class A common stock, Orion180 reported 99,058,193 shares of common stock outstanding as of September 30, 2026. The company maintained a strong liquidity position with $166 million in cash and cash equivalents and $56 million in outstanding debt on its balance sheet at quarter-end.
