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Pie Insurance
Pie Insurance Company Growth, Stability & Outlook
Frequently Asked Questions
Pie has built a track record of consistent growth in a large and durable market. Workers' compensation is a foundational requirement for businesses with employees, which means Pie operates in a sector with stable demand and significant long-term potential. Pie has scaled to serve small businesses across 39 states and DC, crossed the milestone of 55,000 policies, and continued to invest in technology and expansion, all signals of a company with a stable foundation and forward momentum.
Backed by strong investors and operating in a space where the incumbents have been slow to modernize, Pie's financial position reflects both the strength of its model and the size of the opportunity ahead. Leadership communicates about the company's financial health with appropriate transparency, giving Pie-oneers and stakeholders confidence in the direction of the business.
What People Are Saying About Pie Insurance
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Profitability: The company achieved profitability in fiscal year 2024 and indicates expectations to continue on that path. AM Best affirmed an A- (Excellent) rating with a Stable Outlook in March 2025, noting a very strong balance sheet and strongest risk‑adjusted capitalization.
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Market Expansion: Workers’ compensation availability extended to 39 states plus Washington, D.C. in 2025 (with the Connecticut launch), enabling reach to approximately 83% of the U.S. small‑business population. The partner agent network also surpassed 5,000 agencies, broadening access to customers nationwide.
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Investor Backing & Capital Strength: Total funding exceeds $615 million, and additional capital was raised from existing investors in the first half of 2026 to support insurance entities. Rating affirmations citing a very strong balance sheet further underscore capital resilience.
