SageSure Valuation, Funding & Investors

SageSure is valued at $1B as of May 2023.

Last SageSure valuation

$1B

Undisclosed stage · May 2023

Last SageSure funding round

$250M

Undisclosed stage · May 2023

Cumulative funding SageSure raised

$250M

across 1 funding round

Key investors in SageSure

SageSure Overview

About SageSure

SageSure is a San Juan Capistrano-headquartered managing general underwriter offering property insurance products for catastrophe-prone homeowners and small businesses in states including Florida, California, and Texas. Coverage options encompass coastal windstorm, earthquake, flood, and dwelling fire policies issued through partnerships with AM Best- and Demotech-rated carriers. Agents access real-time quoting, policy binding, document management, and servicing via a proprietary digital platform and API, with the Expanded Markets program addressing high-risk properties.


Founded

2009

HQ

United StatesJersey City, NJ

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Product sales

Valuation

$1B (May 2023)

SageSure Valuation

SageSure is currently valued at $1B, based on its undisclosed-stage round in May 2023.

The $250M round was led by AmWINS and Flexpoint Ford, with participation from Ares Management.

SageSure valuation by funding round

SageSure valuation by funding round
DateStageValuation
May 2023Undisclosed stage$1B

SageSure Funding History

SageSure has raised a total of $250M across 1 funding round, plus 1 secondary share sale.

SageSure funding rounds

SageSure funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026SecondaryLexington Partners (lead); Barings BDC; Round2 Investment Partners$460M-Flexpoint Ford closed a single-asset continuation vehicle for SageSure LLC with total commitments exceeding $460 million, effective June 1st, 2026. The transaction was led by Lexington Partners, with participation from Barings and Round2 Investment Partners, alongside commitments from Flexpoint as the General Partner and rollover investors maintaining their positions. This GP-led secondary deal provides existing Flexpoint LPs a clean choice to realize liquidity at current valuations or roll into the new vehicle alongside fresh institutional capital, re-capitalizing ownership while bringing in Lexington's conviction and Barings' credit expertise. SageSure, founded in 2009, is one of the largest managing general underwriters in the United States specializing in catastrophe-exposed residential and commercial property markets, reporting $3.2 billion in written premium. The company previously secured $250 million in capital through its SageSure-sponsored sidecar platform in less than a year, including $200 million from Seawall Re II Ltd., and Flexpoint first invested in SageSure in May 2023.
May 2023Undisclosed stageAmWINS (lead); Flexpoint Ford (lead); Ares Management$250M$1BSageSure is an independent managing general underwriter (MGU) specializing in catastrophe-exposed property insurance, providing underwriting capacity to carrier partners and producers in challenging markets. On May 16, 2023, it closed a $250 million equity investment led by Amwins and Flexpoint Ford, with participation from Ares Management Corporation. The transaction partially recapitalized long-term minority stakeholders and introduced strategic and financial investors, with Amwins and Flexpoint each appointing a board representative. The funding supports SageSure's capital-efficient growth strategy, enabling it to surpass $1 billion in inforce premium and expand underwriting capacity for catastrophe-exposed property risks. Over the prior two years, SageSure had raised more than $700 million in equity and debt from institutions including Ares Management, Citizens Financial Group, and Wintrust Financial. CEO Terrence McLean highlighted the partners' support for the business model protecting American properties in tough markets. Amwins CEO Scott Purviance praised SageSure's exceptional business, technology platform, and efforts to build capacity and distribution. Flexpoint Ford Managing Director Dominic Hood emphasized SageSure's superior risk selection, strong underwriting results, and alignment with their history of investing in property and casualty platforms. Legal and financial advisors included Shipman & Goodwin for SageSure, Robinson Bradshaw for Amwins, and Waller Helms Advisors and Kirkland & Ellis for Flexpoint.

Who has invested in SageSure?

6 investors have backed SageSure across its funding rounds, including Ares Management, AmWINS, Barings BDC, Flexpoint Ford, Lexington Partners and Round2 Investment Partners.

Lead investors include Lexington Partners, AmWINS and Flexpoint Ford.


SageSure Investors

Investors in SageSure by funding rounds participated
InvestorHQRoundsRoleFirst check
Barings BDCUnited StatesRaleigh, NC1ParticipantJun 2026
Flexpoint FordUnited StatesChicago, IL1LeadMay 2023
Lexington PartnersUnited StatesNew York City, NY1LeadJun 2026
Round2 Investment PartnersUnited StatesNew York City, NY1ParticipantJun 2026

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Acquisitions by SageSure

SageSure has acquired 2 companies to date.

Last acquisition by SageSure was on September 10th 2025. SageSure acquired Olympus Insurance for undisclosed valuation.


Latest Acquisitions by SageSure

Olympus Insurance
GeoVera Advantage Insurance Services
Description
Olympus Insurance is a Boca Raton, Florida-headquartered carrier specializing in residential property coverage. The company insures single-family homes, condos, rentals, and personal belongings against windstorm, hurricane, and flood risks in Florida and Texas. Licensed in 15 states, Olympus partners with independent agents for policies backed by reinsurers like Swiss Re.
GeoVera Advantage Insurance Services is a Fairfield-headquartered carrier founded in 1997 that underwrites homeowners, earthquake, and flood policies for properties in high-risk zones across California, Oregon, Washington, and Nevada. It partners with independent agents to offer dwelling coverage up to $3 million with endorsements for wildland fire and seismic perils. GeoVera Advantage maintains an A rating from Demotech for financial stability and claims processing.
HQ CountryUnited StatesUnited States
HQ City
West Palm Beach, FL
Bridgeport, CT
Deal Date10 Sep 20259 Apr 2024
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by SageSure

SageSure has invested in 1 company to date.

Latest investment by SageSure was on July 27th 2022. SageSure invested in RoofMarketplace in their $5M Series A round.


Latest Investments by SageSure

RoofMarketplace
Description
RoofMarketplace is a digital marketplace connecting insurance carriers with vetted roofing contractors for efficient claim resolutions. The platform delivers transparent bidding, cost comparisons, and homeowner access to qualified professionals, streamlining roof replacements post-disaster.
HQ CountryUnited States
HQ City
Madison, WI
Deal Date27 Jul 2022
RoundSeries A
Raised$5M
InvestorsSandalphon Capital; Rock River Capital; Room & Pillar
Valuationundisclosed
EV/Revenue
EV/EBITDA

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SageSure Competitors

SageSure competitors include listed companies like Sagicor Group Jamaica and Anadolu Hayat Emeklilik, and private ones like Acko, Baobab, Clearcover and Reserv.

Public and private companies comparable to SageSure
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AckoIndiaMumbaiPrivate$303M-$1B3.3x
BaobabGermanyBerlinPrivate--$1B-
ClearcoverUnited StatesUnited StatesPrivate--$1B-
ReservUnited StatesNew York City, NYPrivate--$1B-
Sagicor Group JamaicaJamaicaJamaicaPublicly listed$558M$153M$1B-
Anadolu Hayat EmeklilikTurkeyTurkeyPublicly listed$769M$170M$956M1.5x

SageSure Public Comps

SageSure is still privately-owned, but its public comps include Sagicor Group Jamaica, Anadolu Hayat Emeklilik, Helia Group, Heritage Insurance, International General Insurance, Anadolu Sigorta, John Hancock, Capricorn Group, Chesnara and AgeSA.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sagicor Group Jamaica$558M$153M1.8x-6.7x-
Anadolu Hayat Emeklilik$769M$170M1.1x1.5x4.9x-
Helia Group$288M$268M3.5x4.7x3.7x-
Heritage Insurance$774M$282M0.7x0.6x2.0x-
International General Insurance$525M$131M1.7x1.8x6.7x-
Anadolu Sigorta$1.9B$361M0.2x0.1x0.8x-
John Hancock$106M-12.5x---
Capricorn Group$342M-2.6x---

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Common questions about SageSure

When was SageSure founded?SageSure was founded in 2009.
Where is SageSure headquartered?SageSure is headquartered in Jersey City, NJ, United States.
Is SageSure publicly listed?No, SageSure is a private, VC-backed company.
What is SageSure's valuation?SageSure was last valued at $1B in its undisclosed-stage round in May 2023.
How much funding has SageSure raised?SageSure has raised $250M across 1 funding round.
What was SageSure's last funding round?SageSure's last funding round was a $250M undisclosed-stage round in May 2023, led by AmWINS and Flexpoint Ford.
Who are SageSure's investors?SageSure's investors include Barings BDC, Flexpoint Ford, Lexington Partners, Round2 Investment Partners, Ares Management and AmWINS.
Which companies are comparable to SageSure?Companies comparable to SageSure include Acko, Baobab, Clearcover, Reserv, Sagicor Group Jamaica and Anadolu Hayat Emeklilik.
How many companies has SageSure acquired?SageSure has acquired 2 companies, including Olympus Insurance and GeoVera Advantage Insurance Services.
How many companies has SageSure invested in?SageSure has invested in 1 company, including RoofMarketplace.
What was SageSure's last investment?In July 2022, SageSure invested in RoofMarketplace's $5M Series A alongside Sandalphon Capital, Rock River Capital and Room & Pillar.

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