NASDAQ : OIG
Orion180 Insurance Group Inc. — Financial statements
Financials · Insurance - Specialty · United States
Last price 9.84 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 974.48M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Premiums & Annuity Revenue | 87.48M | 74.63M | 57.80M |
| Total Interest & Dividend Income | 7.72M | 7.85M | 5.87M |
| Gain (Loss) on Sale of Investments | 14.00K | -232.00K | 14.00K |
| Other Revenue | 57.92M | 41.23M | 25.60M |
| Total Revenue | 153.14M | 123.48M | 89.28M |
| Policy Benefits | 39.94M | 40.85M | 46.03M |
| Policy Acquisition & Underwriting Costs | -23.21M | -15.01M | 1.12M |
| Selling, General & Administrative | 69.74M | 58.87M | 35.56M |
| Other Operating Expenses | 6.40M | 4.03M | 2.43M |
| Total Operating Expenses | 92.88M | 88.73M | 85.14M |
| Operating Income | 60.26M | 34.74M | 4.14M |
| Interest Expense | -6.87M | -6.50M | -4.21M |
| EBT Excluding Unusual Items | 53.39M | 28.24M | -73.00K |
| Legal Settlements | -12.50M | -6.25M | |
| Pretax Income | 45.02M | 21.99M | -73.00K |
| Income Tax Expense | 12.11M | 5.67M | 215.00K |
| Net Income | 32.90M | 16.31M | -288.00K |
| Preferred Dividends & Other Adjustments | 654.00K | 637.00K | 375.00K |
| Net Income to Common | 32.25M | 15.68M | -663.00K |
| Shares Outstanding (Basic) | 196.98M | 196.98M | 196.98M |
| Shares Outstanding (Diluted) | 198.79M | 198.17M | 196.98M |
| EPS (Basic) | 0.16 | 0.08 | -0.00 |
| EPS (Diluted) | 0.16 | 0.08 | -0.00 |
| Free Cash Flow | 117.89M | 31.46M | 48.60M |
| Free Cash Flow Per Share | 0.59 | 0.16 | 0.25 |
| Operating Margin | 39.35% | 28.14% | 4.64% |
| Profit Margin | 21.06% | 12.70% | -0.74% |
| Free Cash Flow Margin | 76.98% | 25.48% | 54.44% |
| EBIT | 60.26M | 34.74M | 4.14M |
| EBIT Margin | 39.35% | 28.14% | 4.64% |
| Effective Tax Rate | 26.91% | 25.81% | |
| Revenue as Reported | 153.14M | 123.48M | 89.28M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Investments in Debt Securities | 90.22M | 66.57M | 33.65M |
| Other Investments | 16.32M | 39.36M | 5.62M |
| Total Investments | 106.54M | 105.93M | 39.27M |
| Cash & Equivalents | 170.76M | 47.85M | 109.15M |
| Reinsurance Recoverable | 81.16M | 42.16M | 19.39M |
| Other Receivables | 45.15M | 31.05M | 17.27M |
| Property, Plant & Equipment | 6.35M | 4.44M | 447.00K |
| Other Intangible Assets | 15.97M | 13.77M | 9.62M |
| Restricted Cash | 3.85M | 8.30M | 481.00K |
| Other Current Assets | 462.21M | 258.03M | 156.66M |
| Other Long-Term Assets | 19.61M | 6.30M | 3.73M |
| Total Assets | 911.58M | 517.83M | 356.03M |
| Accounts Payable | 55.40M | 34.70M | 18.95M |
| Insurance & Annuity Liabilities | 2.20M | 834.00K | 106.00K |
| Unpaid Claims | 48.27M | 23.35M | 16.34M |
| Unearned Premiums | 341.55M | 240.21M | 138.37M |
| Reinsurance Payable | 335.71M | 112.63M | 94.31M |
| Current Portion of Long-Term Debt | 2.50M | 7.00M | |
| Current Portion of Leases | 1.19M | ||
| Current Income Taxes Payable | 1.62M | 3.79M | 1.58M |
| Long-Term Debt | 225.62M | 53.95M | 67.51M |
| Long-Term Leases | 7.12M | 3.62M | 458.00K |
| Other Long-Term Liabilities | 16.61M | 9.17M | 3.47M |
| Total Liabilities | 1.04B | 490.44M | 341.11M |
| Preferred Stock, Convertible | 15.28M | 7.88M | |
| Additional Paid-In Capital | 3.69M | 2.77M | 2.17M |
| Retained Earnings | -128.42M | 9.28M | 4.88M |
| Comprehensive Income & Other | -286.00K | 54.00K | |
| Total Common Equity | -125.01M | 12.11M | 7.05M |
| Shareholders' Equity | -125.01M | 27.39M | 14.92M |
| Total Liabilities & Equity | 911.58M | 517.83M | 356.03M |
| Filing Date Shares Outstanding | 196.98M | 196.98M | 196.98M |
| Total Common Shares Outstanding | 196.98M | 196.98M | 196.98M |
| Total Debt | 235.24M | 65.76M | 67.97M |
| Net Cash (Debt) | -64.48M | -17.91M | 41.18M |
| Net Cash Per Share | -0.32 | -0.09 | 0.21 |
| Book Value Per Share | -0.63 | 0.06 | 0.04 |
| Tangible Book Value | -140.98M | -1.67M | -2.58M |
| Tangible Book Value Per Share | -0.72 | -0.01 | -0.01 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Net Income | 32.90M | 16.31M | -288.00K |
| Depreciation & Amortization | -692.00K | -453.00K | -451.00K |
| Other Amortization | 4.74M | 3.80M | 2.27M |
| Gain (Loss) on Sale of Investments | -617.00K | 668.00K | 76.00K |
| Stock-Based Compensation | 1.22M | 600.00K | 200.00K |
| Change in Accounts Receivable | -22.36M | -12.74M | -5.04M |
| Reinsurance Recoverable | -18.73M | -22.87M | -13.21M |
| Change in Accounts Payable | 37.62M | 19.65M | 8.34M |
| Change in Unearned Revenue | 150.57M | 101.84M | 42.15M |
| Change in Income Taxes | 637.00K | 2.20M | 1.86M |
| Change in Insurance Reserves / Liabilities | 23.04M | 7.01M | 9.81M |
| Change in Other Net Operating Assets | -191.74M | -107.25M | -72.66M |
| Other Operating Activities | 3.50M | -692.00K | -2.35M |
| Operating Cash Flow | 120.65M | 31.78M | 48.60M |
| Capital Expenditures | -2.76M | -320.00K | |
| Purchase / Sale of Intangible Assets | -8.88M | -7.95M | -5.06M |
| Investment in Securities | -53.62M | -65.04M | 2.59M |
| Investing Cash Flow | -65.26M | -73.31M | -2.47M |
| Long-Term Debt Issued | 30.70M | ||
| Total Debt Repaid | -66.50M | -7.00M | |
| Net Debt Issued (Repaid) | 165.40M | -7.00M | 30.70M |
| Issuance of Preferred Stock | 7.50M | ||
| Common Dividends Paid | -162.97M | -12.00M | -8.29M |
| Other Financing Activities | -3.99M | -452.00K | -2.21M |
| Financing Cash Flow | -17.12M | -11.95M | 20.21M |
| Net Cash Flow | 38.26M | -53.48M | 66.34M |
| Free Cash Flow | 117.89M | 31.46M | 48.60M |
| Free Cash Flow Margin | 76.98% | 25.48% | 54.44% |
| Free Cash Flow Per Share | 0.59 | 0.16 | 0.25 |
| Levered Free Cash Flow | -21.02M | ||
| Unlevered Free Cash Flow | -16.95M | ||
| Cash Interest Paid | 5.22M | 5.39M | 3.77M |
| Cash Income Tax Paid | 9.76M | 4.29M | 252.00K |
| Change in Working Capital | 79.63M | 11.86M | 49.11M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Market Capitalization | 970.52M | ||
| Enterprise Value | 1.04B | ||
| Debt / Equity Ratio | -1.88 | 2.40 | 4.55 |
| Debt / EBITDA Ratio | 3.81 | 1.83 | 15.29 |
| Debt / FCF Ratio | 2.00 | 2.09 | 1.40 |
| Net Debt / Equity Ratio | -0.52 | 0.65 | -2.76 |
| Net Debt / FCF Ratio | 0.55 | 0.57 | -0.85 |
| Quick Ratio | 0.29 | 0.28 | 0.49 |
| Current Ratio | 0.99 | 1.01 | 1.15 |
| Asset Turnover | 0.28 | ||
| Return on Equity (ROE) | 77.11% | ||
| Return on Assets (ROA) | 4.97% | ||
| Return on Invested Capital (ROIC) | 29.28% | 5.00% | |
| Payout Ratio | 73.56% | ||
| Buyback Yield / Dilution | -0.60% |