Safepoint Insurance Company

What Safepoint Insurance Company does

SafePoint Insurance Company is a Tampa, Florida-based property and casualty insurance carrier operating as both an admitted insurer and an E&S (Excess and Surplus) carrier, founded in 2013 by David M. Flitman. The company focuses on coastal property risks across the southeastern United States and distributes exclusively through appointed independent insurance agents in Alabama, Florida, Louisiana, Mississippi, Texas, North Carolina, South Carolina, and Tennessee. SafePoint is rated "A Exceptional" by Demotech and "BBB+" by KBRA (Kroll), and reported combined surplus of over $272 million across its MGA entities at year-end 2025.

The company's product portfolio spans personal lines (Homeowners HO3, HO4, HO6, Dwelling Fire, Identity Theft, Equipment Breakdown, and Personal Flood Coverage) and commercial lines (Main Street Property, Houses of Worship, Mini Warehouses, Office Buildings, Apartments & Condominiums, Shopping Centers, Warehouses, Equipment Breakdown, Commercial Flood Coverage, and E&S Commercial Auto & Trucking). Underwriting, policy administration, billing, and claims are delivered via cloud-based policy management systems with separate agent portals for each line of business, and the company is transitioning its NFIP flood operations to Solstice Innovations' Equinox platform. Inspection workflows are supported through partnerships with SDII Global (sinkhole inspections) and National Risk Services (4-point inspections).

SafePoint generates revenue by underwriting and collecting recurring insurance premiums across its personal and commercial lines, with over 90% of catastrophe claims handled by in-house field staff. The company has processed claims for 15+ named storms since 2017 (including Matthew, Irma, Michael, Ian, Helene, and Milton). In May 2026 the company filed for a U.S. IPO targeting up to a $1.16 billion valuation, but withdrew the filing in June 2026 citing company-specific factors; it remains a privately held company.

Name

Safepoint Insurance Company

Legal name

SafePoint Insurance Company

Website

https://safepointins.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Safepoint Insurance is a Tampa, Florida-based admitted and E&S property and casualty carrier serving coastal markets in eight southeastern US states, distributing homeowners, dwelling fire, commercial property, and trucking coverage exclusively through independent insurance agents.

Ownership category

akta.pro rank

Product category

Property and Casualty 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 industry

Public Liability (Premises/Operations) (FSAJADAD)

Keywords

• Property casualty insurance
• Coastal property insurance
• Homeowners insurance
• Commercial property insurance
• Excess surplus insurance

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property and Casualty Insurance Premiums: Safepoint Insurance generates revenue through underwriting and collecting insurance premiums from policyholders across personal lines (homeowners, tenants, condo, dwelling fire) and commercial lines (property, auto, trucking). The company acts as both an admitted insurer and E&S carrier, focusing on coastal property insurance markets in Florida, Louisiana, and other coastal states.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Safepoint Insurance is an admitted and E&S (Excess and Surplus) property and casualty insurance company headquartered in Tampa, Florida, specializing in coastal markets across the southeastern United States. It underwrites personal lines (Homeowners HO3/HO4/HO6, Dwelling Fire, Personal Flood, and Equipment Breakdown) and commercial lines (Main Street Property, Houses of Worship, Mini Warehouses, Office Buildings, Apartments & Condominiums, Shopping Centers, Warehouses, Equipment Breakdown, Commercial Flood, and E&S Commercial Auto & Trucking), distributing exclusively through appointed independent insurance agents.

Product overview

SafePoint Insurance Company is an admitted and E&S (Excess & Surplus) property and casualty insurance company based in Tampa, FL specializing in coastal regions of the United States. The company offers a dual portfolio of insurance products distributed through independent insurance agents. Commercial lines include Main Street Property Business, Houses of Worship, Mini Warehouses, Office Buildings, Apartments & Condominiums, Shopping Centers, Equipment Breakdown, Warehouses, Commercial Flood Coverage, and E&S Commercial Auto & Trucking. Personal lines include Homeowners HO3, HO4, and HO6 policies, Dwelling Fire Insurance, Identity Theft protection, Equipment Breakdown coverage, and Personal Flood Coverage. The company also provides value-added services including 4-Point and Sinkhole Inspection Programs, claims reporting and processing, and fraud reporting. SafePoint is rated 'A' Exceptional by Demotech and holds a BBB+ rating from KBRA, with combined surplus of over $272 million at year-end 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Homeowners HO3 (Owner Occupied) Homeowner's insurance policy for owner-occupied homes providing protection for the home, property, other buildings or structures, personal property, and liability coverage, sold through independent insurance agents in coastal markets.
• Homeowners HO4 (Tenants Insurance) Tenant-Homeowners policy covering personal property against damage from water leaks, fire, lightning, hurricanes, and theft, plus liability coverage and additional living expenses for renters in coastal markets.
• Homeowners HO6 (Condo Insurance) Condo Unit Owners policy covering the insured against damage to their condominium or cooperative unit, including interior walls, flooring, additions, alterations, personal belongings, and liability coverage.
• Dwelling Fire Insurance Dwelling insurance covering the structure of property and personal property within, available as DP1 (Named Risk), DP2 (Broad Form), or DP3 (Open perils) policies for rental or non-owner occupied homes.
• Personal Flood Coverage Flood insurance covering both the structure of the home and personal property, available to consumers in Alabama, Florida, and Louisiana.
• Personal Equipment Breakdown Alternative to home warranty plans covering unexpected repair or replacement costs due to electrical, mechanical, or pressure systems breakdown for homeowners, including off-premises coverage.
• Commercial Main Street Property Business Special form property coverage including wind for main street business classes such as office, retail, and various other commercial operations.
• Houses of Worship Package policies designed for temples, churches, synagogues, and mosques covering small community, start-ups, storefront, or inner-city operations for all types of religious faiths and denominations.
• Mini Warehouses Traditional self-storage and mini-storage insurance protecting storage units, office space, business personal property, and equipment breakdown for climate-controlled units.
• Office Buildings Building coverage that pays for damages to building and other structures on the premises, as well as business personal property owned and used for the business, for office buildings.
• Apartments & Condominiums Association Master policy for common areas of condo complexes and property insurance for association buildings, contents, and common property caused by unforeseen losses.
• Shopping Centers Lessor's Risk policies providing liability and property protection for building owners who lease their buildings, including commercial property insurance and general liability insurance.
• Commercial Warehouses Property insurance for commercial warehouse buildings protecting against fire, windstorm, vandalism, and theft, with coverage for warehouse, office, outbuildings, contents, inventory, and equipment breakdown.
• Commercial Equipment Breakdown With Commercial Enhancements Enhanced commercial equipment breakdown protection against mechanical, electrical, and pressure systems breakdown, available in admitted markets (Mississippi, Texas) and E&S markets (California, Georgia, North Carolina, South Carolina, Tennessee).
• Commercial Flood Coverage Flood insurance coverage for commercial properties.
• E&S Commercial Auto & Trucking Tailored E&S Commercial Auto solutions for hard-to-place trucking and specialty auto risks including Dry Van, Reefer, Flatbed, Auto Haulers, and various truck operations.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and supporting.

• Solstice InnovationscoreTechnology or Integration · 4 March 2026Safepoint MGA selected the Equinox platform by Solstice Innovations to improve NFIP flood insurance operations. The transition aims to enhance underwriting, policy administration, billing, and claims processes, supporting scalability and compliance with evolving FEMA requirements.
• SDII GlobalsupportingTechnology or IntegrationSDII Global serves as SafePoint's approved vendor for sinkhole inspections. The vendor conducts inspections for properties requesting sinkhole coverage endorsement at a pre-arranged fee of $70.
• National Risk Services (NRS)supportingTechnology or IntegrationNRS partners with SafePoint to provide 4-point inspections at a reduced cost. Policyholders are contacted directly by NRS to schedule and pay for inspections required at New Business based on the age of the home.
• Insurance Institute for Business & Home Safety (IBHS)supportingStrategic or Co-development PartnerSafePoint Insurance has been a member of the Insurance Institute for Business & Home Safety since its inception. This partnership allows SafePoint to provide customers with current information regarding preparedness, recovery and insurance industry research.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Citizens Property Insurance Corporation: Florida's state-backed residual market insurer of last resort, writing coastal property coverage when standard carriers decline. Directly comparable to SafePoint's coastal homeowners and property book in Florida.
• Heritage Property & Casualty Insurance Company: Florida-focused homeowners and property insurer serving coastal markets through independent agents. Closely comparable product mix, distribution model, and geographic focus to SafePoint.
• Universal Insurance Holdings: Florida-headquartered holding company (Universal Property & Casualty) writing homeowners and commercial property through independent agents. Similar mid-sized coastal P&C profile to SafePoint.
• Tower Hill Insurance Group: Florida-based regional P&C insurer specializing in homeowners and coastal property through independent agents. Directly comparable target market, distribution, and product portfolio.
• HCI Group: Florida insurance holding company (Homeowners Choice, TypTap) writing coastal homeowners and commercial property. Comparable mid-sized Florida-focused carrier with similar agent distribution.
• Security First Insurance Company: Florida-focused homeowners insurer writing coastal property through independent agents. Similar product mix, geography, and customer base to SafePoint.
• Florida Peninsula Insurance Company: Florida-only homeowners insurer focused on coastal markets through independent agents. Closely comparable in size, geography, and target customer to SafePoint.
• Olympus Insurance Company: Florida specialty P&C insurer with coastal focus and both admitted and E&S capabilities. Directly comparable dual-market licensing and coastal product portfolio.
• Edison Insurance Company: Florida-based homeowners and coastal property insurer writing through independent agents. Comparable regional focus and product set.

Broad incumbents

• Progressive (ASI / American Strategic Insurance): Large national carrier with significant Florida coastal property exposure through American Strategic Insurance. Operates as a broad incumbent with comparable coastal property capabilities across multiple states.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/safepointins
• Facebookfacebook.com/safepointins
• LinkedInlinkedin.com/company/safepoint-holdings-llc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Safepoint Insurance Company