Richmond, Va. January 5, 2026 — Elephant Insurance proudly announces the completion of its acquisition by J.C. Flowers & Co., a leading global investment firm specializing in the financial services sector. This milestone marks the start of an exciting new chapter for Elephant Insurance, its employees, valued business partners, and the customers we serve.

“We are thrilled to officially welcome J.C. Flowers & Co. as our new partner as we enter the next phase of our growth journey,” said Alberto Schiavon, CEO of Elephant Insurance. “Their experience in supporting innovative, high-performing companies will be instrumental in helping us accelerate our growth plans and enhance the value we deliver every day—from our loyal customers and dedicated team members to our trusted agents and partners.”

For Elephant employees, this investment reinforces our commitment to building a dynamic, collaborative workplace—one that embraces AI-driven tools to streamline workflows, fuel new career opportunities, and inspire a culture of innovation and empowerment.

Business partners can look forward to expanded capabilities, deeper collaboration, and robust new offerings as we harness advanced technologies to amplify our presence in both existing and new markets.

Our policyholders can expect ongoing dedication to delivering affordable, reliable, and forward-thinking insurance solutions—enhanced by intelligent automation and data insights, with service that always puts people first.

“We’re excited to join forces with Elephant’s talented leadership and team,” said Eric Rahe, Managing Director and Co-President of J.C. Flowers & Co. “Together, we will harness Elephant’s unique strengths, agility, and customer focus to create a sustainable and innovative path for the future. Our goal is to support the company’s continued profitable growth and help shape a bright future for everyone connected to Elephant.”

Moving forward, Elephant Insurance will continue to operate as an independent entity under its current, experienced leadership team. This ensures continuity for our team, stability for our business relationships, and an unwavering commitment to the service and protection our customers and communities rely on.

As we embark on this promising new chapter, we thank our employees for their passion and dedication; our partners for their ongoing collaboration; and our policyholders for their trust and loyalty. The future is bright—and we look forward to achieving new successes together.

———

About Elephant Insurance: Elephant Insurance is an auto insurance company that provides consumers with the tools and advice they need to buy and use auto insurance—including innovative AI-driven solutions that make insurance simpler and more personalized. Elephant is known for its customer focus, innovative pricing, and supportive work culture. Headquartered in Richmond, Virginia, Elephant provides auto, home, renters, life, and umbrella insurance policies to customers in Georgia, Indiana, Illinois, Maryland, Ohio, Tennessee, Texas, and Virginia. Elephant is listed by Forbes as one of America’s Best Insurance Companies 2023 and certified as a Great Place to Work®. To learn more, visit elephant.com.

About J.C. Flowers & Co.: J.C. Flowers is a leading private investment firm dedicated to investing globally in the financial services industry.  Founded in 1998, the firm has invested more than $18 billion of capital, including co-investment, in 66 portfolio companies in 18 countries across a range of industry subsectors including banking, insurance and reinsurance, securities firms, specialty finance, and services and asset management.  With approximately $5 billion of assets under management, J.C. Flowers has offices in New York, London and Palm Beach. For more information, please visit www.jcfco.com.