GlobeNewswire·Nov 10, 2026, 4:05 PM ET

Orion180 Insurance Group Inc. Announces Third Quarter 2026 Results

Orion180 Insurance Group Inc. announced third-quarter 2026 financial results with managed premiums in-force growing 72% year-over-year to $678 million.
Managed premiums written increased 60% year-over-year to $204 million, driven by a 62% rise in new business premiums written to $102 million.
Net income grew 32% year-over-year to $11 million, while consolidated adjusted EBITDA increased 65% to $25 million.
The company completed its initial public offering of 20 million shares on September 21, 2026, raising significant capital before the quarter's end.
Policy retention rate was 88% for the quarter, down slightly from 90% in the prior-year period.
The Services segment saw commission and fees revenue rise 64% to $75 million with adjusted EBITDA increasing 16% to $18.6 million.
The Underwriting segment reported net premiums earned of $29.9 million, a 52% increase, with underwriting adjusted EBITDA improving to $11.5 million from $2.7 million previously.
The company's gross loss ratio for the quarter was 32.8%, compared to 27.3% in the prior-year period.
As of September 30, 2026, the company held $166 million in cash and cash equivalents with $56 million in outstanding debt.
Orion180 operates across 14 states with a network of approximately 17,000 active independent agents and utilizes its proprietary MY180 technology platform.