| Market Capitalization (Millions $) |
865 |
| Shares
Outstanding (Millions) |
26 |
| Employees |
540 |
| Revenues (TTM) (Millions $) |
480 |
| Net Income (TTM) (Millions $) |
115 |
| Cash Flow (TTM) (Millions $) |
125 |
| Capital Exp. (TTM) (Millions $) |
14 |
Business Description
Hippo Holdings Inc, commonly referred to as Hippo, is an insurance technology company that specializes in developing homeowners' insurance products. The company was founded in 2015 by Eyal Navon and Assaf Wand, who shared a vision of redefining the homeowners' insurance industry through the use of technological advancements.
Hippo leverages technology to offer homeowners' insurance policies with personalized coverage options and competitive pricing. The company utilizes data analytics and machine learning to offer its customers a fast, efficient, and seamless claims process. Hippo's policies also include smart home technology components that can alert homeowners about potential issues such as fire, water damage, and theft.
The main differentiator of Hippo from traditional insurance companies is that the company exclusively operates online, which eliminates many of the overhead costs associated with brick-and-mortar companies. Hippo's policies are written through top-rated carriers, including Spinnaker, which provides the financial backing for the policies.
Hippo is based in Palo Alto, California, and has rapidly grown since its inception. The company has raised over $700 million in funding from investors such as Lennar Corporation, Comcast Ventures, and Bond. As of 2021, Hippo is valued at over $5 billion, making it one of the most valuable insurtech companies in the world.
In addition to its core business of providing homeowners' insurance, Hippo has also expanded into other related services. The company now offers mortgage refinancing and home security services, which complement its homeowners' insurance policies.
Overall, Hippo is a disruptive company that is changing the homeowners' insurance industry with its use of technology, innovative business model, and commitment to providing customers with personalized coverage options and top-notch service.
Company Address: One Almaden Blvd. San Jose 95113 CA
Company Phone Number: 294-8463 Stock Exchange / Ticker: NYSE HIPO
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