Orion180 Insurance Group (OIG) investor relations material

Company overview and business model

• Operates as a technology-focused specialty insurance group with a strong presence in E&S homeowners insurance, private flood, and ancillary products distributed via 14,000+ independent agents in 14 states.

• Business model integrates MGA, claims management, and technology services, capturing a larger share of the insurance value chain and optimizing free cash flow.

• Proprietary MY180 platform underpins real-time, data-driven underwriting, pricing, and claims, supporting rapid growth and superior loss performance.

• In-house fronting carriers allow for control over product design, risk management, and alignment with reinsurance partners, targeting 15–30% risk retention.

• Focus on product innovation, customer experience, and agent enablement, with modular insurance products and IoT integration.

Financial performance and metrics

• Managed premiums written grew 69% year-over-year to $443.9M in 2025, with new business premiums up 92% to $222.9M.

• Net income for 2025 was $16.3M, up from a loss of $0.3M in 2024; consolidated adjusted EBITDA rose 424% to $43.2M.

• Gross loss ratio improved to 30.3% in 2025 from 32.8% in 2024; net loss ratio dropped to 60.7% from 81.5% year-over-year.

• Policy retention rate increased to 88.4% in 2025, with a 1.4 percentage point improvement over 2024.

• Cash and cash equivalents were $170.8M as of June 30, 2026; total assets reached $911.6M.

Use of proceeds and capital allocation

• Estimated net proceeds of $296M (or $341M if underwriters exercise their option) based on a $16.00/share IPO price.

• Proceeds will be used to increase capitalization, financial flexibility, and support business growth; a portion may repay $282M in outstanding debt.

• No plans to pay dividends post-IPO; future dividends subject to board discretion and debt covenants.