Hippo

Hippo Holdings Inc. is a publicly traded property and casualty insurance company that operates an integrated home protection platform. Founded in 2015 by Assaf Wand and Eyal Navon, Hippo combines smart home technology, data analytics, and proactive loss prevention to modernize the homeowners insurance experience. The company went public in August 2021 through a SPAC merger with Reinvent Technology Partners Z at a $5 billion valuation.

Hippo operates through three business segments: Services (consumer agency and distribution), Insurance-as-a-Service (fronting and MGA capacity through subsidiary Spinnaker Insurance Company), and the Hippo Home Insurance Program (branded homeowners insurance). The Insurance-as-a-Service segment generates the majority of Hippo's revenue, with Spinnaker providing admitted and E&S capacity to MGAs across multiple lines of business.

The company achieved a significant financial turnaround in 2025, reporting its first operating profit in Q2 2025 and projecting full-year net income of $53-57 million. Revenue reached approximately $450 million trailing twelve months, up 77% year-over-year, with gross written premium guidance of $1.09-1.11 billion for FY2025. Hippo has set 2028 financial targets of GWP greater than $2 billion and adjusted net income exceeding $125 million.