SFPT

Safepoint Holdings is a specialty property and casualty insurance underwriter focused on homeowners and commercial insurance in catastrophe-exposed coastal markets, primarily Florida and Louisiana, with expansion into Texas, Mississippi, Alabama, and California. Founded in 2013 and headquartered in Tampa, Florida, the company operates a full-stack insurance services platform organized into three segments: Insurance Services, Risk-Bearing Entities, and Reciprocal Exchanges. A defining structural feature of Safepoint's business is its role as attorney-in-fact for two policyholder-owned reciprocal insurance exchanges — Manatee Insurance Exchange and Cajun Underwriters Reciprocal Exchange — from which it earns fee income based on managed premium, providing reduced balance sheet volatility relative to traditional carriers. As of December 31, 2025, the company had approximately 299,000 policies in force and $1.03 billion of in-force premium, with 73% of policies assumed from Florida Citizens and Louisiana Citizens depopulation programs, 7% from private insurer assumptions, and 20% originated through a network of approximately 6,000 independent agents. Safepoint participates in the approximately $283 billion U.S. personal and commercial lines property insurance market, and grew its combined Florida and Louisiana market share from 0.8% to 1.9% between 2019 and 2025. The company employs a conservative reinsurance strategy, purchasing excess of loss coverage above a 1-in-250-year probable maximum loss, and maintains $845 million in catastrophe bond coverage outstanding through its Nature Coast Re program. Safepoint is profitable and has recently added E&S capabilities, with licenses or approvals to write admitted products in six states and E&S products in 43 additional states.