Security First Insurance Holdings $75 million Senior Notes Issuance

Security First Insurance Holdings, LLC (“SFIH”) completed a $75mm Senior Notes issuance

• Funded by a single Insurance Linked Securities fund
• Uses of proceeds include:
  • Refinancing of existing debt
  • General corporate purposes

Security First Insurance Holdings, LLC is a Florida focused insurance holding company

• Specializes in writing three main products: HO-3, HO-4 and HO-6
• Security First Managers LLC acts as the managing general agent to Security First Insurance Co.
  • Predictable revenue stream that produces attractive margins in a fee-for-service capacity
• SFIC acts as an insurance carrier with $73mm of existing policyholder surplus as of 9/30/2018
  • $383mm of 2017 direct written premiums with geographic focus in North Florida
• SFIH has strong technology, customer and distribution relationships and strong underwriting