GeoVera Holdings, Inc.
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GeoVera Holdings, Inc. - overview
Established
1997
Location
Fairfield, CA, US
Primary Industry
Insurance
About
GeoVera Holdings, Inc. is focused on providing specialized earthquake insurance for homeowners in high-risk seismic areas, ensuring financial protection against potential earthquake damages in vulnerable regions. Founded in 1997 in Fairfield, US, GeoVera Holdings, Inc. delivers earthquake insurance products designed for residential homeowners.
The company has completed 4 deals in its history, with its latest funding round being a BUYOUT of USD 143. 90 mn, led by FFL Partners and Hellman & Friedman. The total amount raised by the company to date is USD 143. 90 mn.
GeoVera specializes in residential earthquake insurance tailored for homeowners in California, Oregon, and Washington. Their core product offerings include comprehensive earthquake insurance policies that fill the coverage gaps often found in standard homeowners insurance. This insurance is essential for homeowners in these regions due to the high seismic activity, providing financial protection and support during the rebuilding process after a natural disaster. GeoVera's services include a user-friendly online quoting system, allowing prospective clients to easily obtain insurance quotes and manage claims digitally.
The company's client base primarily consists of individual homeowners and property owners who seek to safeguard their investments against potential earthquake-related damages. GeoVera operates on a business model that primarily involves direct-to-consumer transactions, wherein homeowners purchase earthquake insurance policies. Revenue is generated through these policy sales, which are distributed via preferred wholesale broker partners that facilitate the underwriting process. The company’s flagship product, residential earthquake insurance, is designed to offer competitive premiums while providing robust coverage options to its clients.
The transaction structure is straightforward, with customers paying premiums in exchange for comprehensive coverage against earthquake-related damage, ensuring quick claims processing and support during emergencies. GeoVera maintains an “A” rating from A. M. Best Company, underscoring its financial stability and reliability in the insurance market.
Current Investors
Flexpoint Ford
Primary Industry
Insurance
Sub Industries
Claims Administration & Processing
Website
www.geovera.com
Verticals
InsureTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
GeoVera Holdings, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Spin-Off | Completed | GeoVera Advantage Insurance Services, Inc. | - | ||||||||
| Buyout | Completed | GeoVera Holdings, Inc. | - | ||||||||
| Secondary Buyout | Completed | GeoVera Holdings, Inc. | - | ||||||||
| Buyout | Completed | GeoVera Holdings, Inc. | - | ||||||||
| Unspecified Exit | Completed | GeoVera Holdings, Inc. | - |
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