Orion180 Insurance (OIG)
Market Price (9/21/2026): $11.75 | Market Cap: $-Sector: Financials | Industry: Property & Casualty Insurance
Orion180 Insurance (OIG)
Market Price (9/21/2026): $11.75Market Cap: $-Sector: FinancialsIndustry: Property & Casualty Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Stock price has recently run up significantly6M Rtn6 month market price return is 11659900%, 12M Rtn12 month market price return is 11659900% High stock price volatilityVol 12M is 11659900% Key risksOIG key risks include [1] its concentrated exposure to catastrophic weather events in coastal U.S. Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 11659900%, 12M Rtn12 month market price return is 11659900% |
| High stock price volatilityVol 12M is 11659900% |
| Key risksOIG key risks include [1] its concentrated exposure to catastrophic weather events in coastal U.S. Show more. |
Qualitative Assessment
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Orion180 Insurance (OIG) stock has gained about 11659900% since 5/31/2026 because of the following key factors:
1. Initial Public Offering (IPO) on September 18, 2026. The primary reason for the significant stock movement is Orion180 Insurance Group's debut on the Nasdaq Global Select Market on September 18, 2026, under the ticker symbol "OIG". The company priced its initial public offering at $12.00 per share, raising $240 million by selling 20 million shares, effectively establishing its public market valuation from a pre-public state. This event marks the transition from a private entity to a publicly traded one, explaining the substantial percentage gain from a theoretical nominal value prior to its listing. While the IPO priced below its initial target range of $15.00 to $17.00 per share, the successful listing provided immediate liquidity and capital for the company.
2. Strong Financial Performance in the first half of fiscal year 2026. Leading up to its IPO, Orion180 Insurance Group demonstrated robust financial growth and a notable swing to profitability. For the twelve months ended June 30, 2026, the company reported approximately $601 million in managed premiums written and achieved a net income of $26.82 million on revenues of $153.14 million. More specifically, in the first half of fiscal year 2026 (ended June 30, 2026), Orion180 swung to a net profit of $13.5 million, a significant improvement compared to a net loss of $3 million in the first half of fiscal year 2025. This positive financial trajectory likely contributed to investor confidence during its public offering.
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Orion180 Insurance (OIG) stock has gained about 11659900% since 5/31/2026 because of the following key factors:
1. Initial Public Offering (IPO) on September 18, 2026. The primary reason for the significant stock movement is Orion180 Insurance Group's debut on the Nasdaq Global Select Market on September 18, 2026, under the ticker symbol "OIG". The company priced its initial public offering at $12.00 per share, raising $240 million by selling 20 million shares, effectively establishing its public market valuation from a pre-public state. This event marks the transition from a private entity to a publicly traded one, explaining the substantial percentage gain from a theoretical nominal value prior to its listing. While the IPO priced below its initial target range of $15.00 to $17.00 per share, the successful listing provided immediate liquidity and capital for the company.
2. Strong Financial Performance in the first half of fiscal year 2026. Leading up to its IPO, Orion180 Insurance Group demonstrated robust financial growth and a notable swing to profitability. For the twelve months ended June 30, 2026, the company reported approximately $601 million in managed premiums written and achieved a net income of $26.82 million on revenues of $153.14 million. More specifically, in the first half of fiscal year 2026 (ended June 30, 2026), Orion180 swung to a net profit of $13.5 million, a significant improvement compared to a net loss of $3 million in the first half of fiscal year 2025. This positive financial trajectory likely contributed to investor confidence during its public offering.
3. Market Position and Technology-Driven Underwriting. Orion180 Insurance Group positioned itself as a leading specialty insurer with a unique, technology-focused model. The company is the second-largest excess and surplus ("E&S") lines homeowners insurance provider in the United States by direct written premiums. Its proprietary MY180 platform and advanced data science allowed for superior underwriting results, boasting an average direct loss ratio of 36% since inception as of December 31, 2025. This performance notably outpaced the homeowners insurance industry average by approximately 30 percentage points, highlighting its efficiency and risk management capabilities in catastrophe-exposed markets.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| OIG | 11659900.0% | |
| Market (SPY) | 0.9% | � |
| Sector (XLF) | 8.3% | � |
Fundamental Drivers
nullnull
Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| OIG | 11659900.0% | |
| Market (SPY) | 11.6% | � |
| Sector (XLF) | 9.2% | � |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| OIG | 11659900.0% | |
| Market (SPY) | 19.4% | � |
| Sector (XLF) | 4.7% | � |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| OIG | 8869.2% | |
| Market (SPY) | 75.6% | � |
| Sector (XLF) | 69.8% | � |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OIG Return | - | - | -100% | 0% | 0% | 0% | -100% |
| Peers Return | -18% | -19% | 20% | 80% | 1% | 2% | 48% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| OIG Win Rate | - | - | 33% | 0% | 0% | 0% | |
| Peers Win Rate | 42% | 46% | 58% | 65% | 52% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| OIG Max Drawdown | - | - | - | 0% | 0% | 0% | |
| Peers Max Drawdown | -29% | -44% | -33% | -22% | -32% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KNSL, PLMR, SKWD, HIPO, RLI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
| Event | OIG | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -100.0% | -9.5% |
| % Gain to Breakeven | ∞% | 10.5% |
| Time to Breakeven | 1059 days | 24 days |
In The Past
Orion180 Insurance's stock fell null during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 9.2233720368547763E17% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | OIG | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -100.0% | -9.5% |
| % Gain to Breakeven | ∞% | 10.5% |
| Time to Breakeven | 1059 days | 24 days |
In The Past
Orion180 Insurance's stock fell null during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 9.2233720368547763E17% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Orion180 Insurance (OIG)
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- Mr. Gregg is the Founder and Chairman of the Board of Orion180 Insurance Group Inc., which he established in May 2015.
- He possesses over 26 years of experience in the insurance industry, having worked with prominent companies such as Allianz and AXA.
- He previously served as President & Chief Executive Officer of CITON Group, Inc.
- Mr. Gregg developed the proprietary technology platform, MY180, to address technological shortcomings in the business-to-business (B2B) insurance sector, which has been integral to Orion180's success.
- Orion180 was initially bootstrapped and achieved profitability within 12 months without significant institutional capital.
- Mr. Birchler joined Orion180 in December 2021.
- He brings over 25 years of experience in insurance and financial services.
- Prior to Orion180, he was an executive with Ernst & Young in New York and Zurich, where he led finance and multi-disciplinary teams across property and casualty, health, reinsurance, and mergers and acquisitions (M&As).
- Mr. Jesenik was promoted to President, Insurance, in February 2025, while continuing his responsibilities as COO.
- He oversees growth strategy and ensures the company's operations align with its long-term objectives.
- During his tenure as COO, Orion180's in-force premium experienced substantial growth, and he played a key role in launching crucial insurance products and the MY180 application.
- He has more than a decade of experience in operations and corporate finance.
- Mr. DiMartino joined Orion180 in February 2025.
- He contributes 27 years of experience in underwriting, actuarial science, and product management within both commercial and personal lines property and casualty (P&C) insurance.
- Before joining Orion180, he served as Senior Vice President of Insurance Services at AAA Northeast and spent over 20 years at The Hartford, where his most recent role was Head of Product for its $3 billion personal lines business.
- Mr. Moorjani holds the position of Chief Innovation Officer at Orion180.
- In this role, he is responsible for leading technological advancements and innovative solutions within the company.
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Key Risks for Orion180 Insurance (OIG)
Orion180 Insurance Group Inc. (NASDAQ: OIG) is a technology-focused homeowners and flood insurance provider operating primarily in coastal and wind-prone regions across the United States. Its key business risks are:
- Exposure to Catastrophic Weather Events: As an insurer specializing in homeowners and flood coverage, particularly in coastal and wind-prone areas of the Southeast U.S., Orion180 is highly vulnerable to significant financial losses resulting from natural disasters such as hurricanes and floods. An increase in the frequency or severity of these catastrophic events could lead to substantial claims, deplete its financial reserves, and significantly raise the cost or reduce the availability of crucial reinsurance coverage.
- Underwriting Accuracy and Reinsurance Dependency: The company leverages proprietary technology for underwriting and risk assessment. Inaccurate risk evaluation or flawed pricing models, especially in high-risk geographical areas, could lead to considerable underwriting losses. Furthermore, Orion180 likely relies heavily on reinsurance to mitigate its exposure to large-scale events. Fluctuations in the reinsurance market, including rising costs or diminished capacity, could severely impact the company's profitability and its ability to offer competitive insurance products.
- Intense Competition and Regulatory Landscape: The property and casualty insurance sector is intensely competitive, with Orion180 facing rivals from both long-established insurers and other insurtech companies. To attract and retain policyholders and agents, the company must continuously innovate and maintain competitive pricing and service quality. Additionally, as a heavily regulated industry, any changes in state-level insurance laws, regulations pertaining to premium rates, coverage mandates, or claims handling practices could adversely affect Orion180's business model, operational expenses, and strategic expansion initiatives.
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Orion180 Insurance (symbol: OIG) operates primarily in the U.S. homeowners and residential flood insurance markets. The company's main products and services include homeowners insurance, flood insurance, DP landlord insurance, jewelry insurance, and smart technology solutions for home protection.
The addressable market sizes for Orion180 Insurance's main products and services in the U.S. are as follows:
- The U.S. homeowners and residential flood insurance market, which is Orion180's core market, represented approximately $175 billion in 2025 and is expected to grow to $192 billion.
- Within the U.S. property insurance market, which was approximately $513 billion in premiums in 2025, Orion180 focuses on homeowners and residential flood insurance.
- The excess and surplus (E&S) lines homeowners insurance market in the United States, where Orion180 is identified as the second-largest provider, reached $4 billion in premiums as of late 2025 and has experienced a compound annual growth rate of 25% over the past five years.
- The private flood insurance market in the U.S. had premiums exceeding $1 billion as of December 31, 2025.
- The broader U.S. personal lines insurance market, which includes homeowners, auto, and renters insurance, is projected to grow from $878.823 billion in 2021 to $2,176.420 billion by 2033, at a compound annual growth rate of 7.85%. Homeowners' business accounted for 16% of personal lines premiums in 2024.
- While specific market sizes for DP landlord insurance and jewelry insurance are not separately delineated in the provided information, the landlords segment contributed the largest market share of 73% in the global home insurance market in 2025 by end-use.
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Orion180 Insurance (symbol: OIG) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Geographic Expansion: The company plans to continue expanding its "growing footprint across the United States", which indicates an intention to enter new states and regions to offer its insurance solutions.
- Organic Growth in Core Homeowners and Flood Insurance Products: As a "leading provider of flexible, customer-centric homeowners and flood insurance solutions," Orion180 anticipates continued organic growth in these key product areas, particularly within its established and expanding markets.
- Leveraging Technology for Innovative Solutions: Orion180 operates as a "technology-focused" specialty insurance group committed to "delivering innovative insurance solutions". This focus on technology is expected to enhance product offerings, improve customer experience, and increase operational efficiency, thereby attracting new customers and retaining existing ones.
- Increased Market Share in the Excess and Surplus (E&S) Lines Segment: Having "organically grown to become the second largest excess and surplus ("E&S") lines homeowners insurance provider in the United States by direct written premiums", Orion180 is positioned to further expand its market share within this high-growth segment of the insurance industry.
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Peer Outperformance in Property & Casualty Insurance
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 24.2% | 70.6% | 133.7% | SPNT 170% · RGA 154% · RNR 140% |
| Investment Banking & Brokerage | 13 | -1.7% | 105.1% | 116.5% | IBKR 527% · SNEX 257% · HOOD 183% |
| Diversified Banks | 12 | 27.5% | 129.8% | 116.3% | CM 161% · JPM 159% · RY 149% |
| Life & Health Insurance | 20 | 8.6% | 57.6% | 105.8% | JXN 534% · UNM 373% · FG 207% |
| Multi-Sector Holdings | 4 | 6.8% | 50.2% | 87.3% | JONE 361% · VOYA 88% · BRK-B 87% |
| Property & Casualty Insurance ← | 42 | 9.6% | 67.5% | 67.8% | ASIC 2760900% · HRTG 445% · UVE 331% |
| Regional Banks | 265 | 23.9% | 91.7% | 67.1% | ESQ 391% · GCBC 340% · VBNK 335% |
| Multi-line Insurance | 9 | 8.8% | 71.2% | 64.1% | GNW 201% · L 112% · SLF 104% |
| Financial Exchanges & Data | 15 | -0.1% | 17.4% | 32.7% | VIRT 184% · CBOE 135% · CME 83% |
| Diversified Financial Services | 4 | -7.3% | 22.1% | 32.6% | FRHC 168% · EQH 119% · TMS -54% |
| Consumer Finance | 30 | 1.7% | 89.6% | 26.9% | ENVA 447% · EZPW 319% · FCFS 168% |
| Insurance Brokers | 16 | -15.1% | -6.3% | 20.3% | LIFE 200% · ARX 87% · AJG 70% |
| Commercial & Residential Mortgage Finance | 14 | -50.2% | 32.8% | 13.9% | FNMA 454% · FMCC 436% · ACT 204% |
| Asset Management & Custody Banks | 84 | -11.7% | 17.6% | 12.0% | WT 348% · SII 279% · VCTR 274% |
| Specialized Finance | 3 | 14.0% | 42.2% | -2.8% | EFC 27% · CACC -3% · HASI -16% |
| Mortgage REITs | 33 | -13.0% | 7.4% | -16.5% | NREF 53% · RITM 42% · DX 34% |
| Transaction & Payment Processing Services | 15 | -1.0% | -5.9% | -42.9% | V 74% · MA 73% · CPAY 58% |
| Diversified Capital Markets | 20 | -36.3% | 20.7% | -48.1% | OPY 196% · LPLA 136% · GOLD 90% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 57.85 |
| Mkt Cap | 3.6 |
| Rev LTM | 1,736 |
| Op Inc LTM | - |
| FCF LTM | 407 |
| FCF 3Y Avg | 372 |
| CFO LTM | 415 |
| CFO 3Y Avg | 376 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 19.3% |
| Rev Chg 3Y Avg | 32.0% |
| Rev Chg Q | 23.4% |
| QoQ Delta Rev Chg LTM | 5.7% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 26.5% |
| CFO/Rev 3Y Avg | 29.2% |
| FCF/Rev LTM | 26.2% |
| FCF/Rev 3Y Avg | 28.9% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | � | � | � | � | � | � |
| Up Beta | � | � | � | � | � | � |
| Down Beta | � | � | � | � | � | � |
| Up Capture | 0% | 0% | 0% | 0% | 0% | � |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 0 | 0 | 0 | 0 | 0 | 15 |
| Down Capture | -0% | -0% | -0% | -0% | -0% | � |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 0 | 0 | 0 | 0 | 0 | 23 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OIG | |
|---|---|---|---|---|
| OIG | - | - | - | - |
| Sector ETF (XLF) | 4.5% | 14.6% | 0.08 | - |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | - |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | - |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | - |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | - |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | - |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OIG | |
|---|---|---|---|---|
| OIG | -100.0% | 451.5% | -2.89 | - |
| Sector ETF (XLF) | 10.1% | 18.4% | 0.41 | -3.3% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | -4.5% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 1.9% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 1.9% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 10.0% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | -10.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OIG | |
|---|---|---|---|---|
| OIG | -100.0% | 451.5% | -2.89 | - |
| Sector ETF (XLF) | 12.9% | 22.1% | 0.53 | -3.3% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | -4.5% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 1.9% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 1.9% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 10.0% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | -10.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Property & Casualty Insurance Resources |
| Insurance Journal |
| Business Insurance |
| PropertyCasualty360 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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