The Fortegra Group

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General Information
Business:
(Note: The Fortegra Group withdrew its IPO in an SEC  filing dated April 28, 2021, which was the IPO’s scheduled pricing date; the withdrawal filing was disclosed on April 29, 2021, by the SEC. Fortegra first went public in 2010. Tiptree acquired Fortegra in 2014.) 
We are an established, growing and consistently profitable specialty insurer. We purposefully focus on niche business lines and fee-oriented services, providing us with a unique combination of specialty insurance program underwriting, warranty and service contract products, and related service solutions. Our vertically integrated business model creates an attractive blend of traditional underwriting revenues, investment income and unregulated fee revenues. Our differentiated approach has led to robust growth, consistent profitability and high cash flows. Our business was founded in 1981. We are headquartered in Jacksonville, Florida, and as of Dec. 31, 2020, we had 716 employees across 15 offices in four countries.
We target lines of business with a small premium-per-risk profile, which has increased our frequency exposure but has limited our severity and catastrophic risks. We believe this focus has allowed us to produce superior underwriting results through a more granular spread of risk. We use our proprietary technology to efficiently and effectively administer our business to specialty markets that we feel are underserved by larger, less agile insurers. 
Industry: Fire & Casualty Insurance
Employees: 716
Founded: 1981
Contact Information
Address 10751 Deerwood Park Blvd. Suite 200 Jacksonville, FL 32256
Phone Number (866) 961-9529
Web Address http://www.fortegra.com/
View Prospectus: The Fortegra Group
Financial Information
Market Cap $937.76mil
Revenues $691.0 mil (last 12 months)
Net Income $23.0 mil (last 12 months)
IPO Profile
Symbol FRF
Exchange NYSE
Shares (millions): 8.3
Price range $15.00 - $17.00
Est. $ Volume $132.8 mil
Manager / Joint Managers BofA Securities/ Barclays
CO-Managers Piper Sandler
Expected To Trade: 4/29/2021
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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