Orion180 Insurance's Q3 earnings boosted by underwriting, services revenues (OIG:NASDAQ)

Orion180 Insurance Group Inc. (OIG) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Orion180 Insurance Group Inc. Announces Third Quarter 2026 Results - Managed Premiums In-Force Grows 72% from Prior-Year Quarter End to $678 million - - Managed Premiums Written Grows 60% Year-over-Year to $204 million - - Net Income Increases 32% Year-over-Year to $

Goldman Sachs initiated coverage on Orion180 Insurance Group (NASDAQ:OIG) with a buy rating and a $13.00 price target, indicating 45% upside. The company, a specialty insurance group, has seen a 23% YTD decline. Goldman expects 50% adjusted EBITDA growth from 2025 to 2028. Orion180 recently IPO'd at $1.14B valuation, priced below range. RBC and UBS also initiated coverage with positive ratings.

Orion180 Insurance Group Inc. completed a US$240 million IPO, selling 20 million shares at $12 each, with an option for 3 million more. Shares began trading on Nasdaq under the ticker OIG. Latham & Watkins LLP advised on the offering.

Orion180 Insurance Group Inc. (OIG) fell 2.8% on its first trading day after a $240 million IPO, closing at $11.66 per share, below the $12 IPO price. The company sold 20 million shares at $15-$17 each, with a market value of about $1.15 billion. Orion180 reported net income of $13.2 million on $80.1 million revenue for H1 2026, up from a loss a year earlier. The IPO may repay a credit facility used for recent dividends.

Orion180 Insurance (OIG) debuted on Nasdaq with a $1.14 billion valuation, as shares opened at $11.50, below the $12 IPO price. The insurer raised $240 million, amid a challenging IPO season. Concerns include AI spending, Fed rate hikes, and rising bond yields. Bamboo Insurance Services plans a $3.24 billion IPO next week.

Orion180 Insurance Group Inc. (OIG) priced its IPO at $12 per share, offering 20 million Class A shares. The deal is expected to close on September 21, with trading starting on September 18 under the ticker OIG. Underwriters have a 30-day option to buy 3 million more shares.