Florida Peninsula Insurance Company

What Florida Peninsula Insurance Company does

Florida Peninsula Insurance Company is a privately held, Florida-domiciled property and casualty insurer founded in 2005 and headquartered in Boca Raton, Florida. The company underwrites a focused book of residential property insurance products for the Florida market: HO-3 homeowners, HO-6 condo, renters, and DP-3 landlord/dwelling fire coverage, supplemented by add-on modules covering flood, identity theft, equipment breakdown, and animal liability. Distribution is anchored by a 2,500-agent appointed network statewide, complemented by direct-to-consumer channels including the company website and a toll-free inside-sales line.

The business model is subscription-style recurring insurance premium revenue on monthly, semi-annual, or annual billing, with quote-based pricing that the company does not publish publicly. Wind mitigation discounts (alongside senior, burglar, and fire alarm discounts) are central to the value proposition, given the hurricane exposure that defines the Florida peninsula market. Operating technology is described as standard policy administration, claims processing, and customer portal infrastructure; no proprietary platform, AI/ML capability, or data assets are disclosed in the source material.

Management of the rate filing and regulatory relationship sits with Windward Risk Managers, the company's managing general agent, which files with the Florida Office of Insurance Regulation on Florida Peninsula's behalf. Recent regulatory and operational moves include the approval in 2026 to assume up to 20,000 policies from Citizens Property Insurance Corp. as part of Florida's depopulation drive, a 0.9% DP-3 rate decrease and tenant-occupied surcharge elimination effective July 2026, and two favorable appellate decisions in May and June 2026. The company reports an A+ BBB accreditation and a Demotech A Exceptional financial stability rating, and operates within a Great Place to Work certified culture.

Name

Florida Peninsula Insurance Company

Legal name

Florida Peninsula Insurance Company

Website

https://floridapeninsula.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

Florida Peninsula Insurance Company is a Florida-focused private residential property insurer offering homeowners, condo, renters, and DP-3 landlord policies through a 2,500-agent network across the state, with disciplined underwriting emphasis on hurricane and wind-damage risk.

Ownership category

akta.pro rank

Product category

Homeowners Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

akta.pro secondary industries

Renters Insurance (FSAJACAB), Condominium (HO-6) Insurance (FSAJACAC), Landlord / Dwelling Fire (DP) Insurance (FSAJACAD)

Keywords

• Homeowners insurance
• Property insurance
• Condo insurance
• Renters insurance
• Landlord insurance

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Florida Peninsula generates revenue through recurring insurance premiums from homeowners, condo, renters, and DP-3 landlord policies. Policyholders pay regular premiums (monthly, semi-annual, or annual billing) in exchange for property insurance coverage in Florida.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Florida Peninsula Insurance Company underwrites and sells residential property insurance policies to Florida homeowners, condominium unit owners, renters, and landlords. The company offers four core products: Homeowners (HO-3), Condo (HO-6), Renters, and DP-3 Landlord Insurance, with optional add-on coverages including flood, identity theft, equipment breakdown, and animal liability. Policies are distributed through a network of approximately 2,500 licensed agents across Florida, as well as direct-to-consumer via website and phone sales.

Product overview

Florida Peninsula Insurance Company offers a multi-product homeowners insurance portfolio consisting of four core insurance products: Homeowners Insurance (HO-3), Condo Insurance (HO-6), Renters Insurance, and DP-3/Landlord Insurance. These products are complemented by a suite of Additional Coverage Options including flood, identity theft, equipment breakdown, and animal liability add-ons. The company also offers wind mitigation discounts as a cost-saving module for policyholders with wind-resistant home features. The product architecture is organized as a unified insurance platform with modular add-on coverages that customers can layer onto their base policies.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners Insurance Comprehensive property insurance for Florida homeowners covering the dwelling, personal belongings, and personal liability protection, designed for the hurricane, wind, and tropical storm risks specific to Florida primary residences.
• Condo Insurance HO-6 style condo insurance providing specialized coverage for the interior of a Florida condominium unit, personal belongings, and condo-specific liability needs.
• Renters Insurance Affordable personal property and liability insurance for Florida renters covering their belongings and providing liability protection that travels with the policyholder wherever they rent.
• DP-3 / Landlord Insurance Dwelling fire coverage for landlords and real estate investors in Florida, protecting rental and investment property structures, loss of rent, and landlord liability for tenant-occupied rentals.

Quantifiable outcome

• Wind mitigation inspections may qualify policyholders for significant premium discounts by identifying wind-resistant home features.
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Habitat for Humanity of Greater Palm Beach CountycoreStrategic or Co-development PartnerFlorida Peninsula has partnered with Habitat for Humanity of Greater Palm Beach County for 14 years, sponsoring seven homes and participating in numerous build events. The partnership includes employee volunteer programs, Agent Build Days, Women Build events, and Executive Build sponsorship. The company sponsored its 7th home for a deserving family in 2025.
• Broward Partnership for the HomelesscoreStrategic or Co-development PartnerFlorida Peninsula has supported the Broward Partnership for the Homeless since 2012, advancing their mission to reduce homelessness. Partnership activities include clothing drives, the Breaking Bread Breaking Barriers food service program, and the 4th Annual Cornhole Tournament fundraiser. The company also supports virtual fundraisers for remote employees.
• Forgotten Soldiers OutreachcoreStrategic or Co-development PartnerFlorida Peninsula has supported Forgotten Soldiers Outreach for 14 years, helping deliver care packages to deployed military members. The company has assembled 100 We Care packages annually and hosted an internal supply drive where 10 employees and family members packed care packages at the organization's Lake Worth headquarters.
• Flags for Fallen VeteranscoreStrategic or Co-development PartnerFlorida Peninsula participates in Flags for Fallen Veterans' Memorial Day tribute, placing American flags at gravesites at the South Florida National Cemetery. Over 20 employees and family members participate annually in this honor guard activity.
• Family Insurance ServicesminorChannel Partner/ Reseller/ DistributorFamily Insurance participated as a volunteer in Florida Peninsula's Habitat for Humanity Agent Build Day, demonstrating collaboration between the company and partner insurance agents.
• Atlantic PacificminorChannel Partner/ Reseller/ DistributorAtlantic Pacific participated as a volunteer in Florida Peninsula's Habitat for Humanity Agent Build Day, demonstrating collaboration between the company and partner insurance agents.
• Windward Risk ManagerscoreImplementation/ SI/ Consulting PartnerWindward Risk Managers serves as the managing general agent/risk manager for Florida Peninsula Insurance Company. They announced statewide rate decreases for Florida Peninsula policies, effective July 2026, including a 0.9% reduction for DP-3 dwelling property rates and elimination of the tenant-occupied surcharge. Windward Risk Managers handles rate filing and regulatory filings with the Florida Office of Insurance Regulation on behalf of Florida Peninsula.
• Citizens Property Insurance Corp.coreStrategic or Co-development PartnerFlorida Peninsula was approved by the Florida Office of Insurance Regulation to assume up to 20,000 policies from Citizens Property Insurance Corp. as part of Florida's ongoing depopulation drive. Policy transfers are staggered across August to October 2026. This allows Florida Peninsula to grow its book of business while helping reduce the state's insurer of last resort exposure.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• HCI Group (Homeowners Choice): Florida-focused personal property insurance holding company underwriting homeowners and condo coverage through subsidiary carriers. Directly comparable product mix and Florida concentration.
• Universal Insurance Holdings: Publicly traded Florida property insurer offering homeowners, condo, and flood coverage through independent agents. Comparable multi-product Florida residential book and agent distribution model.
• Heritage Insurance Holdings: Publicly traded Florida-headquartered personal property insurer offering homeowners, condo, and renters coverage through independent agents. Operates in overlapping Florida geographies with similar wind/hurricane exposure.
• American Integrity Insurance: Florida-only homeowners and condo insurance carrier using independent agents. Operates with similar product mix and hurricane-driven exposure profile.
• Tower Hill Insurance Group: Privately held Florida property insurer offering homeowners, condo, and specialty residential coverage. Comparable single-state focus and agent-driven distribution.
• FedNat Insurance Company: Florida and Gulf Coast residential property insurer offering homeowners, condo, and renters coverage. Operates in adjacent hurricane-exposed geographies with similar product mix.
• Security First Insurance: Florida-focused homeowners insurance carrier selling through independent agents with comparable product portfolio (HO-3, HO-6, renters, DP-3) and geographic concentration in the peninsula.
• People's Trust Insurance: Florida-only homeowners insurance carrier offering direct-to-consumer and agent-distributed policies with comparable HO-3, HO-6, and DP-3 product set.

Emerging players

• Slide Insurance: Florida-focused property insurance carrier that has rapidly scaled through Citizens depopulation takeouts and organic growth. Comparable strategy of leveraging depopulation programs to grow policy count.

Regional players

• Citizens Property Insurance Corp. Florida's state-created insurer of last resort and the source of Florida Peninsula's depopulation policy takeouts. Both operate exclusively in Florida residential property insurance with overlapping homeowner, condo, and DP-3 lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/flpeninsco
• Facebookfacebook.com/florida-peninsula-insurance-company-235113879839066
• LinkedInlinkedin.com/company/florida-peninsula-insurance

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Florida Peninsula Insurance Company