InsCorp, Inc. has completed a private placement of $10.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2031 to certain qualified institutional buyers and accredited investors. The notes will initially bear interest at 3.75% per year, payable semi-annually in arrears. Beginning October 30, 2026, through the maturity date or earlier redemption, the interest rate will reset quarterly based on the then current three-month term SOFR plus 287 basis points, payable quarterly in arrears. Also beginning on September 30, 2026, through maturity, the notes may be redeemed in whole or in part, at the company's option. The notes will mature on October 31, 2031.