SeaBright Holdings
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
SeaBright Holdings - overview
Established
1986
Location
Seattle, WA, US
Primary Industry
Insurance
About
SeaBright Holdings specializes in providing insurance services, offering tailored property and casualty insurance solutions to businesses and individuals across various sectors in the United States. Founded in 1986 and headquartered in Seattle, US, SeaBright Holdings focuses on delivering insurance solutions. The company has successfully executed 6 deals and underwent a TRADE SALE, raising a total of USD 252. 00 mn, with the latest funding round led by Enstar Group Limited.
Seabright Insurance provides a comprehensive array of insurance products designed to cater to the needs of businesses and individuals. Core offerings include diverse property and casualty insurance solutions, specifically targeting risk factors faced by sectors like construction, healthcare, and manufacturing. The company addresses the needs of small to mid-sized enterprises as well as larger corporations, ensuring compliance with regional regulations and industry standards. In the most recent year, Seabright Insurance reported a revenue of USD 271.
85 mn and an EBITDA of USD 36. 03 mn, deriving its revenue primarily from insurance premium collections through both direct-to-consumer and B2B transactions. SeaBright Holdings is strategically planning for future growth by expanding its product offerings and entering new geographic markets. The company is poised to leverage the recent funding from the TRADE SALE to support the development and launch of innovative insurance products, while also targeting expansion into new regions across the United States.
Enstar Group's exit from its stake in SeaBright Holdings, while financial terms remain undisclosed, indicates a pivotal moment for the company's strategic direction.
Primary Industry
Insurance
Sub Industries
Insurance
Website
www.seabrightinsurance.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
SeaBright Holdings - financials
| Fiscal Year Ended | Dec 31, 2003 | Dec 31, 2004 | Dec 31, 2005 | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 4,702,000 | 84,138,000 | 169,179,000 | 202,966,000 | 250,161,000 | 272,454,000 | - | - | - |
| % Revenue Growth (YoY) | - | 1689.4% | 101.1% | 20.0% | 23.3% | 8.9% | - | - | - |
| EBITDA (USD) | - | 22,228,000 | 49,949,000 | 78,749,000 | 98,950,000 | 90,696,000 | - | - | - |
| Operating Income (USD) | - | 10,641,000 | 27,631,000 | 49,489,000 | 59,535,000 | 43,008,000 | - | - | - |
| Operating Margin | - | 12.6% | 16.3% | 24.4% | 23.8% | 15.8% | - | - | - |
| % EBITDA Margin | - | 26.4% | 29.5% | 38.8% | 39.6% | 33.3% | - | - | - |
| NET Income (USD) | (202,000) | 7,206,000 | 18,292,000 | 33,229,000 | 39,912,000 | 29,278,000 | - | - | - |
| % Net Margin | (4.3%) | 8.6% | 10.8% | 16.4% | 16.0% | 10.7% | - | - | - |
SeaBright Holdings - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | SeaBright Holdings | - | ||||||||
| Add-on | Completed | SeaBright Holdings | - | ||||||||
| Private Placement/Follow on | Completed | SeaBright Holdings | - | ||||||||
| IPO | Completed | SeaBright Holdings | - | ||||||||
| Buyout | Completed | SeaBright Holdings | - |
Displaying 1 - 5 of 6
SeaBright Holdings - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.