Patriot Select

What Patriot Select does

Patriot Select Property and Casualty Insurance Company is a Florida-based, privately held homeowners insurance carrier that launched operations in April 2025 after raising approximately $30 million in initial seed capital. The company is headquartered in St. Petersburg, Florida, and writes personal lines homeowners multi-peril (HO-3) coverage statewide, excluding Monroe County. Its primary distribution channel is licensed independent insurance agents, supported by IVANS connectivity and integrations with multiple comparative rating platforms (Applied, Ezlynx, PL Rating, QQ Webrater, QuoteRush). The company offers three product tiers — Standard HO-3, Patriot Package, and Minuteman Package — with discounts for senior/retiree, veteran/military, secured community, protective device, roof age, and windstorm mitigation.

The company's principal growth motion is the Florida Citizens Property Insurance Corporation depopulation program: in 2025, Patriot Select assumed approximately 26,000 policies from Citizens across two takeouts in June and October, while adding over 1,600 open-market policies by early March 2026. Pricing reflects post-2022-23 Florida legislative reforms and incorporates a data vendor pre-fill system (roof age, plumbing, electric, HVAC), high-resolution aerial imagery, and predictive analytics to support risk-based underwriting. The company layers AI-enabled capabilities across the value chain, including chat-based claims reporting, aerial imagery analysis for underwriting, fraud detection, and AI-driven tools to qualify agencies and customers.

The business model is annual-subscription homeowners premium revenue, with reinsurance as the primary catastrophic risk transfer mechanism. Patriot Select carries an A, Exceptional Financial Stability Rating from Demotech, holds statutory surplus of $31.3 million at year-end 2025, an RBC ratio above 14x required minimums, and $310 million in 2026 catastrophe reinsurance protection comprising $220 million from 25+ A-rated global reinsurers (placed through Acrisure Re) and $90 million from the Florida Hurricane Catastrophe Fund. In its first full year of operations (2025), the company reported a $2.0 million statutory net underwriting gain and announced double-digit rate reductions across many Florida areas effective April 2026.

Name

Patriot Select

Legal name

Patriot Select Property and Casualty Insurance Company

Website

https://patriotselect.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Patriot Select is a Florida-based homeowners insurance carrier launched in April 2025, offering HO-3 policies and tiered Patriot/Minuteman packages exclusively through independent agents. It grows primarily via Citizens Property Insurance depopulation, assumed roughly 26,000 policies in 2025, and reported a $2.0M inaugural-year underwriting gain.

Ownership category

akta.pro rank

Product category

Homeowners Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Homeowners Insurance (FSAJACAA)

Keywords

• Homeowners insurance
• Property and casualty
• Hurricane insurance
• Insurance underwriting
• Florida insurance

Headquarters

HQ city

St. Petersburg

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Homeowners Insurance Premiums: Patriot Select generates revenue through homeowners insurance policy premiums. The company offers HO-3 standard policies along with Patriot and Minuteman premium package options. Premium pricing is based on property characteristics, coverage limits, deductible selections, and available discounts including senior/retiree, veteran/military, secured community, protective device, roof age, and windstorm mitigation discounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Patriot Select writes Florida homeowners multi-peril (HO-3) insurance, distributed exclusively through licensed independent insurance agents statewide. The company offers three tiered policy packages — Standard, Patriot Package (enhanced), and Minuteman Package (premium) — covering dwelling at replacement cost, other structures, personal property, loss of use, personal liability, and medical payments, with discounts for seniors, veterans, secured communities, protective devices, roof age, and windstorm mitigation. The insurer is supported by a $310 million catastrophe reinsurance program for 2026, AI-enabled claims and underwriting tools, and active participation in the Citizens Property Insurance Corporation depopulation program.

Product overview

Patriot Select is a Florida-based property and casualty insurance company offering homeowners multi-peril (HO-3) insurance products through independent agents statewide. The core product is the Standard Homeowners Insurance Policy (HO-3), which is available in three tiers: the Standard Policy, the Patriot Package (mid-tier bundle with enhanced coverage including water backup, increased jewelry limits, and personal property replacement cost), and the Minuteman Package (premium bundle with maximum coverage including 70% personal property, personal injury, and highest theft limits). The company layers its insurance products with AI-powered technology for customer experience (chat support, claims reporting), underwriting (aerial imagery analysis, predictive analytics), and growth (AI-driven agency/customer qualification). All products are backed by a catastrophe reinsurance program providing ~$310M total protection against multiple storm events.

Differentiator

Problem solved

Functional benefit

Products and services

• Standard Homeowners Insurance Policy (HO-3) Standard homeowners multi-peril (HO-3) insurance policy for Florida property owners covering the home at full replacement cost, other structures (1-20% of Coverage A), personal property (0-75% of Coverage A), loss of use (10% of Coverage A), personal liability, and medical payments, with comprehensive deductible options and optional roof settlement schedules. Includes discounts for senior/retiree, veteran/military, secured community, protective device, roof age, and windstorm mitigation.
• Patriot Package Mid-tier bundled coverage package for Florida homeowners offering all standard HO-3 coverages plus Coverage C at 50% of Coverage A, $250 lock replacement, 25% law and ordinance coverage, $750 fire department charge, $5,000 loss assessment, $5,000 water backup/sump overflow, personal property replacement cost, and enhanced theft limits for jewelry ($3,000), firearms ($2,500), and silverware ($4,000).
• Minuteman Package Premium-tier bundled coverage package for Florida homeowners offering all standard HO-3 coverages plus Coverage C at 70% of Coverage A, $500 lock replacement, 25% law and ordinance coverage, $1,000 fire department charge, increased additional insurance up to 20% of Coverage A, personal injury coverage, $10,000 loss assessment, $5,000 water backup/sump overflow, personal property replacement cost, and highest theft limits including jewelry ($5,000 / $2,500 per item), firearms ($3,500), and silverware ($4,000).

Quantifiable outcome

• Achieved $2.0 million statutory net underwriting gain in first full year of operations (2025)
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability11 records

Feature4 records

Partnerships

One partnership is on record.

• Citizens Property Insurance CorporationcoreStrategic or Co-development PartnerPatriot Select participates in Citizens Property Insurance Corporation's depopulation program, assuming policies from the state-backed insurer of last resort. This enables companies like Patriot Select to transition Citizens' policies to the private insurance market, strengthening Florida's insurance market and reducing taxpayer exposure to post-hurricane assessments.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tower Hill Insurance Group: Florida-based property and casualty insurer with significant homeowners exposure through independent agents. Comparable to Patriot Select in product line, regional concentration, and distribution model.
• People's Trust Insurance Company: Florida homeowners insurance carrier using independent agents and direct channels. Comparable to Patriot Select in regional specialization and independent agent distribution.
• Slide Insurance: Florida-focused homeowners insurance company that scaled rapidly through Citizens depopulation and independent agents. Direct peer given identical target market, growth strategy, and product offering.
• First Floridian Auto and Home Insurance Company: Florida-founded homeowners insurance carrier built through Citizens depopulation. Comparable to Patriot Select in target market, growth model, and dependence on the depopulation program.
• Security First Insurance Company: Florida-based homeowners insurance carrier distributed through independent agents. Comparable to Patriot Select in product line (HO-3), geography (Florida), and agent-driven distribution model.
• Florida Peninsula Insurance Company: Florida-only homeowners insurer serving the independent agent channel. Comparable to Patriot Select in geography, product mix, and target customer base.
• Heritage Property & Casualty Insurance Company: Florida homeowners insurance specialist writing through independent agents. Closely comparable to Patriot Select in single-state homeowners focus and agent distribution model.
• Universal Property & Casualty Insurance Company (UPC): Florida-focused homeowners insurance carrier that became a market leader by absorbing Citizens depopulation policies. Direct peer to Patriot Select given shared Florida-only homeowners focus, independent agent distribution, and reliance on the depopulation program.

Emerging players

• Hippo Insurance: Insurtech-focused homeowners carrier using technology and data-driven underwriting. Comparable to Patriot Select in the AI/tech-enabled underwriting approach, though operating in different geographies and with a different distribution model.

Others

• Citizens Property Insurance Corporation: Florida's state-backed insurer of last resort. While not a direct competitor (Citizens is shedding policies), it is Patriot Select's primary customer acquisition channel through the depopulation program and shapes the commercial relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Patriot-Select-Property-and-Casualty-Insurance-Company-61562955569668
• LinkedInlinkedin.com/company/patriotselect

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Patriot Select