Earnings Releases·Nov 10, 2026, 4:05 PM ET

Orion180 Insurance Group Inc. — Third Quarter 2026 Earnings Summary

Net income rose 32% year-over-year to $11 million for the quarter and $25.0 million for the nine-month period, while consolidated adjusted EBITDA surged 65% to $25 million for the quarter and 163% to $50.5 million year-to-date.
Gross premiums written grew 60% year-over-year to $203.8 million for the quarter, with managed premiums in-force increasing 72% to $678 million, driven by a 64.4% rise in services segment revenue to $75.1 million.
Underwriting performance improved significantly with a combined ratio of 68.8% compared to 95.8% in the prior year, resulting in a 330% increase in underwriting adjusted EBITDA to $11.5 million.
The company completed its initial public offering on September 21, 2026, and maintains a strong balance sheet with $166 million in cash and $56 million in outstanding debt as of September 30, 2026.
Management expressed confidence in durable top- and bottom-line growth driven by the FLEX product suite and MY180 technology platform, aiming to expand underwriting discipline across its 14-state footprint.