Forge Group, Inc.
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in mil. unless spec.Company Description
- CEO
- Patrick Joseph Bracewell
- Full Time Employees
- 26
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 7910 Woodmont Avenue Bethesda MD United States of America 20814
- IPO Date
- Jun 23, 2022
- CIK
- 0001846702
- Website
- forgeinsurance.com
- Similar Companies
- Business
- Forge Group, Inc. (FIGP) operates as a holding company for property and casualty insurance in the United States, primarily through its subsidiary Forge Insurance Company; it provides commercial automobile liability, property damage, collision, and other related property and casualty insurance policies for taxi cabs, sedans, public livery vehicles, light transportation vehicles for hire, and small business commercial auto operations where the vehicle serves as a business tool. The company also owns and leases three commercial real estate properties in the District of Columbia. Forge Group serves local small businesses and transportation operators across multiple states, utilizing its proprietary FIRE (Forge Insurance Rating Engine) agent portal for fast quoting and digital services; it targets niche segments in the property and casualty insurance industry with a focus on light vehicles and local operations. Founded in 1938 and headquartered in Chevy Chase, Maryland, the company employs 24 people and maintains operations as a specialist in the financials sector. In 2022, Forge Group emerged from the mutual-to-stock conversion of its predecessor Amalgamated Casualty Insurance Company, rebranding to Forge Insurance Company, completing a $20 million stock offering that was significantly oversubscribed, acquiring affiliated agency American Risk Management (renamed Forge Risk Management), and initiating investments in distribution, product development, technology including a new insurance platform, claims, and finance to expand into small business commercial auto. Recent developments include the announcement of a share repurchase plan effective from January 2024 and the release of third quarter 2025 financial results highlighting strategic priorities such as refining its insurance technology platform.
Company News
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