S Insurance AS
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S Insurance AS - overview
Established
2015
Location
Bergen, -, Norway
Primary Industry
Insurance
About
S Insurance AS is a marine insurance provider specializing in Hull & Machinery and Loss of Hire coverage, offering tailored solutions for maritime asset protection and financial stability for shipowners and operators. S Insurance AS, founded in 2015, operates in Bergen, Norway, providing marine insurance and underwriting services. The company has secured one deal to date, with the most recent deal occurring on March 3, 2025. The founder's history is not publicly detailed, nor are there mentions of previous companies.
S Insurance AS specializes in marine insurance and underwriting services, focusing on Hull & Machinery and Loss of Hire coverage. The company provides tailored insurance solutions to protect maritime assets and ensure financial stability for shipowners and operators, primarily serving the Nordic and European marine markets. S Insurance AS generates revenue through underwriting marine insurance policies and reinsurance services offered to clients in the marine industry. The pricing structure is based on specific coverage needs and risk profiles, with services including both standard and specialized marine coverage options.
As a multi-carrier agency, S Insurance collaborates with top-rated insurers to provide comprehensive solutions that enhance its market offerings. In March 2025, Optio Group Limited, a portfolio company of Preservation Capital Partners, agreed to acquire S Insurance AS, enhancing its buy-and-build platform and expanding market reach across Europe. This acquisition will support S Insurance's future growth initiatives, which may include the development of new insurance products and geographic expansion within the European markets.
Current Investors
Optio Group Limited
Primary Industry
Insurance
Sub Industries
Commercial Insurance, Insurance Intermediaries
Website
www.sinsurance.no
Verticals
InsureTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
S Insurance AS - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 8,635,571 | 9,237,603 | 4,415,992 | 4,803,093 | 8,083,407 | 17,387,781 | - | - | - |
| % Revenue Growth (YoY) | - | 7.0% | (52.2%) | 8.8% | 68.3% | 115.1% | - | - | - |
| EBITDA (USD) | 2,478,737 | 2,249,960 | (1,323,224) | (1,615,894) | 990,426 | 9,944,870 | - | - | - |
| Operating Income (USD) | 2,478,737 | 2,249,960 | (1,323,224) | (1,615,894) | 990,426 | 9,944,870 | - | - | - |
| Operating Margin | 28.7% | 24.4% | (30.0%) | (33.6%) | 12.3% | 57.2% | - | - | - |
| % EBITDA Margin | 28.7% | 24.4% | (30.0%) | (33.6%) | 12.3% | 57.2% | - | - | - |
| NET Income (USD) | 1,783,288 | 1,638,009 | (1,323,224) | (1,375,460) | 1,136,226 | 9,515,941 | - | - | - |
| % Net Margin | 20.7% | 17.7% | (30.0%) | (28.6%) | 14.1% | 54.7% | - | - | - |
S Insurance AS - 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 | Completed | S Insurance AS | - |
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