The Oklahoma Insurance Department (OID) announced that its captive insurance program had another record year in 2025 with a net gain of 10 licensed captive insurers.
Oklahoma has now surpassed its previous high of 73 captive insurers, which was set in 2017.
Since Steve Kinion was appointed Captive Insurance Director in October 2022, the program has grown by 64%. In 2025, OID received 14 captive insurer applications, all of which were approved. Four captives dissolved during the year, resulting in the net gain of 10.
OID will hold a Captive Connection event on March 4 in Oklahoma City. More information can be found on OID’s website.
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