DB Insurance to acquire U.S.-based insurer Fortegra

• DB Insurance is set to acquire 100% of The Fortegra Group for approximately $1.65 billion in cash, funded by its internal resources.

• Fortegra reported strong financial performance with gross written premiums of $3.07 billion and net income of $140 million in 2024.

• The company operates in all U.S. states and eight European countries, highlighting its extensive market presence.

• Fortegra holds an A- financial strength rating from A.M. Best, indicating its stability and reliability within the insurance sector.

Recommendation Rating: Strong Acquisition

DB Insurance has announced a significant acquisition agreement with Tiptree (NASDAQ: TIPT) and Warburg Pincus, agreeing to purchase 100% of The Fortegra Group’s outstanding shares for approximately $1.65 billion in cash. The acquisition will utilize DB Insurance's internal resources for funding.

Fortegra, a U.S.-based specialty insurer, revealed a robust performance with gross written premiums totaling $3.07 billion and a net income of $140 million in 2024. The company operates across all 50 states in the U.S. as well as eight European countries, including the United Kingdom and Italy. It has been recognized with an A- financial strength rating from A.M. Best, underscoring its stability and credibility in the industry.