What Olympus Insurance does

Olympus Insurance Company is a Florida-focused residential property insurance carrier founded in 2007 and headquartered in Palm Beach Gardens with primary operations in Jacksonville. The company underwrites HO3 homeowners, condo, townhouse, rental/landlord (DP3), and dwelling-under-construction policies, complemented by endorsements including Scheduled Personal Property, Spartan Enhanced Coverage, Florida Flood, Solar Panel, Buried Utility Line, and Equipment Breakdown (up to $100,000). Its proprietary Elite Repair Program manages the claims workflow by routing policyholders to a network of Certified Elite Members — vetted, licensed contractors (many family- or veteran-owned) — with direct insurer-to-contractor payment and 10-year workmanship warranties.

The company distributes exclusively through independent insurance agents in Florida, with 950+ preferred agency partners pre-acquisition (1,500+ post-SageSure integration), and operates an OIConnect agent portal plus an Insured Portal for self-service policy management, claims filing, and bill payment. Premiums are recurring (annual or monthly) and quote-based on property characteristics, location, and risk factors. In May 2026, Olympus launched a bundled auto+homeowners partnership with Mercury Insurance offering 10% discounts, expanding cross-sell through shared independent agent channels.

In January 2026, SageSure completed the acquisition of Gemini Financial Holdings Corporation and its Olympus subsidiaries, creating a combined entity managing ~130,000 inforce policies and ~$700M in gross written premium. In April 2026, Olympus entered the insurance-linked securities market as a first-time sponsor with a $120 million catastrophe bond issued through Abacab Re Ltd. (upsized 20% from launch, priced at 6.25%). The company carries an A, Exceptional Financial Stability Rating from Demotech, has paid $730M+ in claims since inception, and has served 77,000+ Florida homeowners through 97+ named storm events.

Name

Olympus Insurance

Legal name

Olympus Insurance Company

Website

https://olympusinsurance.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Olympus Insurance is a Florida-focused residential property insurance carrier founded in 2007, underwriting homeowners, condo, rental, and construction policies through 950+ independent agents. Now a SageSure subsidiary, it serves ~78,000 policyholders via its proprietary Elite Repair Program and A, Exceptional Demotech rating.

Ownership category

akta.pro rank

Product category

Residential Property Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Directors & Officers (D&O) Liability (FSAJADAF)

Keywords

• Homeowners insurance
• Property insurance
• Condo insurance
• Rental property insurance
• Flood insurance

Headquarters

HQ city

Palm Beach Gardens

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Homeowners Insurance Premiums: Olympus Insurance generates revenue through collecting insurance premiums from policyholders for homeowners, condo, rental property, and construction insurance coverage. Premiums are paid on a recurring basis (annual or monthly) and are based on property value, risk factors, and coverage selections. The company services approximately 78,000 policies in force.
2. Bundled Insurance Products: Through partnership with Mercury Insurance, Olympus offers bundled auto and homeowners insurance policies with 10% discounts, generating premium revenue from combined policyholder coverage.
3. Supplementary Coverage Endorsements: Additional revenue streams from optional endorsements including Scheduled Personal Property Coverage, Spartan Enhanced Coverage Package, Solar Panel Endorsement, Buried Utility Line Coverage, Equipment Breakdown, and Florida Flood Insurance.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels9 records

Core offering

Olympus Insurance Company is a Florida-focused residential property insurance specialist that underwrites and services homeowners, townhouse, condo, rental/landlord, and dwelling-under-construction policies for individual property owners and community associations statewide. The company distributes exclusively through a network of 950+ appointed independent insurance agents and supports policyholders via the OIConnect agent portal, the Insured Portal for self-service, and a 24/7 claims operation anchored by the proprietary Elite Repair Program that connects claimants with vetted Certified Elite Member contractors.

Product overview

Olympus Insurance is a Florida-focused homeowners insurance specialist offering a comprehensive portfolio of property insurance products and services. The core offering consists of Florida Homeowners Insurance and Florida Townhouse Insurance, supplemented by specialized coverage modules including Dwelling Under Construction (up to $5MM for custom coastal homes), Florida Condo Insurance, Florida Landlord/Rental Insurance (DP3 form), and Residential Condominiums and Homeowners Associations coverage. The company provides add-on endorsements such as Scheduled Personal Property Coverage (for valuables including jewelry with mysterious disappearance protection), the Spartan Enhanced Coverage Package (premium bundle with automatic content limit increases and replacement cost coverage), Florida Flood Insurance, Solar Panel Endorsement Coverage, Buried Utility Line Coverage, and Equipment Breakdown Coverage (up to $100,000 for power surge and water damage). The company also offers the Elite Repair Program, a claims handling service connecting policyholders with certified contractors. Founded in 2007 and headquartered in Jacksonville, the company serves approximately 78,000-77,000 policies in force through a network of 950+ agency partners across Florida.

Differentiator

Problem solved

Functional benefit

Products and services

• Florida Homeowners Insurance Primary HO3 homeowners insurance product providing dwelling, personal property, and liability protection for Florida homeowners, with particular focus on hurricane, windstorm, and storm damage risks in coastal and high-risk areas.
• Florida Townhouse Insurance Homeowners insurance tailored for Florida townhouse properties, providing dwelling, personal property, and liability coverage adapted to attached-residential ownership structures.
• Florida Condo Insurance Condominium insurance covering personal property, liability, and interior improvements/betterments not included in the HOA association's master policy, for Florida condo unit owners.
• Florida Landlord/Rental Insurance (DP3) Comprehensive Dwelling Fire (DP3) rental property insurance tailored for residential rentals, investment properties, and seasonal properties owned by individuals or other entities, covering the dwelling and landlord liability.
• Dwelling Under Construction Specialized endorsement/coverage for homes under construction with a General Contractor, providing coverage up to $5MM total insured value for custom homes and coastal properties during the build phase.
• Residential Condominiums and Homeowners Associations Insurance tailored for residential condominium and homeowners associations, covering community shared spaces and association-level responsibilities for Florida community associations.
• Florida Flood Insurance Flood coverage solution for Florida households across all flood-zone designations, addressing the gap that flooding is not covered under standard HO3 homeowners policies.
• Scheduled Personal Property Coverage Standalone scheduled coverage providing extra protection for high-value items (e.g., jewelry, fine art) beyond what standard homeowners, townhouse, or condominium policies offer, including accidental loss, theft, and mysterious disappearance.
• Spartan Enhanced Coverage Package Premium bundled protection package for home, personal property, and personal liability at reduced cost versus itemized pricing, automatically increasing contents limits and covering personal property at replacement cost.
• Elite Repair Program Proprietary managed-repair claims service connecting policyholders with a statewide network of hand-selected, licensed, insured contractors (family-owned and/or veteran-owned) who handle repairs end-to-end, with 10-year workmanship warranties and direct contractor payment by Olympus.
• Mercury-Olympus Bundle Discount Program Bundled insurance offering combining Mercury auto insurance with Olympus homeowners insurance for Florida residents, providing a 10% discount on both policies when purchased together through independent agents.

Quantifiable outcome

• 21,000+ claims handled successfully since 2007
• +4 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• BurnBotminorOthers · 12 May 2026Note: This partnership involves Mercury Insurance investing in BurnBot, not Olympus directly. However, Mercury's strategic investment in wildfire mitigation technology represents the type of risk management innovation that benefits the broader insurance industry including Olympus through reinsurance market developments.
• Mercury InsurancecoreGTM or Marketing Partner · 7 May 2026Mercury Insurance and Olympus Insurance formed a partnership to offer bundled auto and homeowners insurance across Florida. Launched statewide on May 7, 2026, the joint program provides customers with 10% discounts on both Mercury auto policies and eligible Olympus homeowners policies. The partnership combines Mercury's auto insurance expertise with Olympus' Florida-focused homeowners coverage, expanding bundled options through independent agents.
• Abacab Re Ltd.coreStrategic or Co-development Partner · 15 April 2026Newly established reinsurance vehicle through which Olympus Insurance completed its inaugural $120 million catastrophe bond issuance, providing capital markets-backed reinsurance protection against Florida named storm risk.
• Lockton Re Capital MarketscoreChannel Partner/ Reseller/ Distributor · 15 April 2026Served as sole structuring agent and joint bookrunner for Olympus Insurance's inaugural $120 million catastrophe bond issuance through Abacab Re Ltd.
• Gallagher SecuritiescoreChannel Partner/ Reseller/ Distributor · 15 April 2026Served as joint bookrunner for Olympus Insurance's inaugural $120 million catastrophe bond issuance, supporting transaction execution alongside Lockton Re Capital Markets.

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• SageSure: Specialized managing general agent focused on underserved coastal markets and now Olympus's parent (Jan 2026 acquisition); broader multi-state specialty carrier platform encompassing Olympus.
• Citizens Property Insurance Corporation: Florida's state-backed insurer of last resort for residual property risks; sets the price benchmark for Florida homeowners and competes with Olympus in coastal and high-risk territories.
• State Farm: Largest U.S. personal lines carrier with significant Florida homeowners exposure; competes with Olympus on the same HO3 product via captive and independent agent channels.
• Allstate: Top-five national homeowners insurer with active Florida book; competes for the same risk pool and uses a national direct-plus-independent-agent hybrid distribution model.

Direct peers

• Heritage Property & Casualty Insurance Company: A Florida-focused residential property carrier writing HO3 homeowners policies across the state via independent agents — directly comparable distribution, geography, and product mix to Olympus.
• Universal Property & Casualty Insurance Company: Florida-headquartered homeowners and dwelling fire carrier owned by Universal Insurance Holdings; competes head-to-head with Olympus in Florida coastal property through independent agency channels.
• Tower Hill Insurance: Regional mutual-style Florida homeowners carrier writing through independent agents; directly comparable in target customer, Florida concentration, and product portfolio.
• Florida Peninsula Insurance Company: Florida-only homeowners specialist using appointed agents statewide; both carriers focus on the same hurricane-exposed book of business with similar HO3 forms.
• Security First Insurance Company: Florida-domiciled homeowners insurance carrier selling through independent agents; comparable on geography, product, and channel structure to Olympus.

Emerging players

• Slide Insurance: Florida-focused residential property MGA-carrier expanding rapidly through independent agents; overlaps Olympus's distribution model and Florida-only specialty positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/olympusfl
• Facebookfacebook.com/OlympusInsurance
• LinkedInlinkedin.com/company/1920941
• Instagraminstagram.com/olympusinsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Olympus Insurance