Orion180 Insurance Group at a glance
As of- [1] Equity raised: Sum of the 1 sourced equity round in the funding history below (debt, tender offers and rumored rounds excluded), September 18, 2026
- [2] Revenue: 24/7 Wall St., September 10, 2026
What Orion180 Insurance Group does
Orion180 Insurance Group is a specialty homeowners insurance group based in Melbourne, Florida.[1] It began operations in 2018 and says it is the second-largest excess and surplus homeowners insurer in the U.S. by direct written premiums, citing S&P Global Market Intelligence.[1] It operates in 14 states and had about $601 million in managed premiums written in the 12 months to June 30, 2026.[1] Its products include E&S and admitted homeowners insurance and private flood insurance, sold through more than 14,000 independent agents.[1] The group combines MGA and claims services companies with its own fronting insurance carriers.[1] It reported net income of $13.5 million for the first six months of 2026.[1] The shares ended their first trading day at $11.66, below the offer price.[2] The company estimated net proceeds of about $220 million.[1]
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Recent changes
- Sep 18, 2026Sep 18, 2026Raised $240M Bloomberg
- Sep 10, 2026Sep 10, 2026First reported revenue: ~$601M managed premiums 24/7 Wall St.
- Sep 9, 2026Sep 9, 2026IPO $340M GlobeNewswire
Funding history
1 equity event · newest first · sources dated per row| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Sep 18, 2026 | Funding round | $240M | — | — | Bloomberg |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
Debt, IPO & other events
not counted in equity raised| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Sep 9, 2026 | ipo | $340M | — | GlobeNewswire |
How Orion180 Insurance Group has been funded
Kenneth Gregg is founder and CEO and holds all Class B shares, giving him about 93.9% of the voting power after the IPO.[1] Orion180 sold 20 million Class A shares at $12.00 each in its initial public offering and listed on the Nasdaq Global Select Market under the symbol OIG.[1] The offering raised $240 million, Simply Wall St reported.[2],[1]
Latest Pulse
- Sep 18, 2026Orion180 Prices Below Range, Slips In Nasdaq DebutOrion180 priced its IPO at $12 a share -- below its $15-$17 target -- raising $240 million, then opened at $11.50 for a $1.14 billion valuation on its first day of Nasdaq trading.→
- Sep 14, 2026Three IPOs Set Terms In A $2.1B WeekHoltec Nuclear, Bamboo Insurance and Electra Therapeutics set IPO terms within a day of each other, lining up roughly $1.8 billion of supply; with Orion180's $320 million deal, the week's calendar totals about $2.1 billion.→
- Sep 10, 2026Orion180 Prices IPO At $15-$17, Targeting $320M RaiseOrion180 Insurance Group set terms for its Nasdaq IPO at $15 to $17 per share for 20 million shares, targeting roughly $320 million at the midpoint, three weeks after first filing its S-1 for the specialty home insurer.→
- Sep 10, 2026Why Most Microcap S-1s Aren't Really IPOsMost of the S-1 filings Pulse has tracked this week register existing shares for resale under debt or warrant agreements rather than take a new company public, a distinction that matters for anyone reading filing volume as IPO-market health.→
- Sep 9, 2026Orion180 Prices IPO Same Day as Two S-1/A FilingsThree unrelated issuers -- an insurer, a laser-equipment maker, and an AI-crypto microcap -- had S-1/A amendments become public the same day, with only Orion180 disclosing an actual IPO price range.→
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Orion180 Insurance Group FAQ
Who founded Orion180 Insurance Group?
Kenneth Gregg is founder and CEO and holds all Class B shares, giving him about 93.9% of the voting power after the IPO.[1]
Is Orion180 Insurance Group a public company?
Orion180 sold 20 million Class A shares at $12.00 each in its initial public offering and listed on the Nasdaq Global Select Market under the symbol OIG.[1]
Where is Orion180 Insurance Group headquartered?
Orion180 Insurance Group is a specialty homeowners insurance group based in Melbourne, Florida.[1]
How much has Orion180 Insurance Group raised?
Orion180 Insurance Group has raised at least $240M in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $240M funding round in September 2026, reported by Bloomberg. Debt financing, tender offers and secondary sales are not counted.
What is Orion180 Insurance Group's revenue?
Orion180 Insurance Group's most recent revenue figure is ~$601M managed premiums, reported by 24/7 Wall St., September 2026.
References
researched 2026-10-24Sources & methodologyshow
Where these figures come from
- GlobeNewswireprimary source1 fact
- Bloombergmajor outlet1 fact
- 24/7 Wall St.Value Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.