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Florida-Based Safepoint Insurance Files for IPO Following 97% Revenue Surge

May 11, 2026
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Insurance Journal
Florida-Based Safepoint Insurance Files for IPO Following 97% Revenue Surge

Story Summary

Tampa-based Safepoint Insurance has filed for a U.S. initial public offering on the NYSE under the ticker SFPT, reporting a 97% revenue increase to $516.3 million for 2025. The property and casualty insurer’s growth reflects a broader recovery in Florida’s insurance market driven by 2022 legislative reforms. Safepoint joins a wave of issuers rushing to market before SpaceX’s anticipated June.

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