Florida insurer Safepoint files papers to go public

Florida insurer Safepoint has lodged documents for an archetypal nationalist offering (IPO) successful the US.

The institution intends to commercialized connected the New York Stock Exchange (NYSE) nether the ticker 'SFPT'.

Based successful Tampa and established successful 2013, Safepoint writes spot and casualty screen with an accent connected coastal areas including Florida and Louisiana, alongside different parts of the US.

The concern is led by its founder, is chiefly owned by management, and concentrates connected specialty homeowners’ and commercialized policies.

Safepoint's nett income stood astatine $165.6m for the twelvemonth ending 31 December 2025, up from the $24.3m reported successful 2024.

The institution said the summation of $141.3m was chiefly owed to higher nett earned premiums, partially offset by greater argumentation acquisition costs and wide and administrative expenses.

In its filing, Safepoint said in-force premium totalled $1.03bn arsenic of 31 December 2025.

It added that astir of that magnitude was primitively placed with the Reciprocal Exchanges, portion 11% was primitively placed with Safepoint Insurance.

Deutsche Bank Securities and Morgan Stanley are the associated bookrunners connected the deal.

Willkie Farr & Gallagher is advising connected the validity of the communal shares offered successful the prospectus, portion Latham & Watkins is acting for the underwriters.

In 2025, Florida-based insurers Slide Insurance and Exzeo Group besides went public.

"Florida insurer Safepoint files papers to spell public" was primitively created and published by Life Insurance International, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.