Standard Premium Celebrates 35 Years of Exceptional Growth and Market Performance!

We are inviting all our colleagues and friends throughout the industry to join us in celebrating the 35th anniversary of Standard Premium!


This anniversary is a testament to the ongoing commitment, dedication and long-term trust that we have established over three decades. It’s especially impressive when a finance company achieves this longevity and level of success given the tailwinds and changing demands of the marketplace. 


Standard Premium has experienced tremendous growth over its 35 years in business, scaling our activities and pursuing initiatives that have shaped us into the resilient, client-focused company we are today. Let’s take a moment to reflect on our history and milestones.


The Start of Standard Premium and Where we Are Today


It all started in 1991 when two industry experts, our founder Leonard “Lenny” Boatwright, and our CEO William “Bill” Koppelmann, set out to show what premium financing should look like when done right.


We started under the name Standard Premium Finance Management Corporation, and in 2016, established a holding company structure under the name Standard Premium Finance Holdings, Inc. (OTCQX: SPFX), with Standard Premium Finance Management Corporation as our wholly owned subsidiary.


Over the years, the hard work and dedication of our team have evolved Standard Premium into what we are today: over 200 years of combined industry experience and a team that is uniquely positioned to support and advise partners, agents and clients on all aspects of premium financing.


Standard Premium Finance Holdings continues to prosper as an industry-specific holding company that pursues merger and acquisition opportunities of synergistic businesses to take advantage of the economies of scale within the specialty finance sector. We provide financing solutions of approximating $1.8 billion to businesses and individuals to secure coverage for their property and casualty insurance policies.


Our clients currently operate in more than forty states throughout the United States. We continue to seek advantages of roll-up opportunities in a historically consolidating industry while providing maximum value for shareholders.


A Timeline of Standard Premium’s State Licensing Approvals

Timeline

Standard Premium received its first state licensing approval in Florida in 1991. Following 13 strong years of building out the business, we became licensed in Georgia, North Carolina, Texas and South Carolina between 2004-2007.


In 2021, as we continued to scale our business and execute our growth strategy, we attained licensing in Arizona, Arkansas, Virginia and Nebraska, bringing the total number of state licenses to 9 states.


But we weren’t close to stopping there. 


Following our solid 2021 performance, in 2022 we set our sights on becoming licensed in West Virginia, Mississippi, Louisianna, Maryland, Colorado, Ohio, Tennessee, Massachusetts, Minnesota, Alabama and Delaware. With these approvals, we were now equipped to deliver premium financing solutions in 20 states.


Over the course of the next three years (2023-2025), we saw even greater progress and the expansion of our corporate footprint with additional licensing that brought our total licensing to 40 states: in Indiana, Iowa, Oklahoma, Washington D.C., Wyoming, Maine, Missouri, Kentucky, New Hampshire, Vermont, Connecticut, New York, Michigan, Rhode Island, Montana, New Mexico, Oregon, North Dakota, New Jersey and Utah. 


This advancement reinforced our commitment to delivering our financing solutions to clients across the United States.

Today, we currently operate in 43 states, with Pennsylvania, South Dakota and Kansas as our most recent state approvals in 2026. We have our eyes set on being licensed in all 50 states by the end of this year!

Looking Ahead


As we reflect on three and a half decades of navigating markets, building relationships and delivering results, we're more energized than ever about what's ahead. Be sure to check in for weekly updates on where we’re heading, read some of our blogs, articles, press releases and check the investors page for the latest information on our stock. 


If you are looking for premium financing solutions, contact us today to have a partner on your side with over three decades of expertise. Here’s to another 35 years of delivering the best premium financing solutions for clients nationwide!