Hippo Insurance provides homeowners with modern insurance coverage that incorporates smart home technology and proactive home care services. Their insurance policies are designed to not only protect homes but also to prevent potential issues by using advanced features like smart home devices. This proactive approach helps homeowners stay ahead of problems, ensuring better property protection and peace of mind. Unlike traditional insurance companies, Hippo focuses on integrating technology into their offerings, which sets them apart in the homeowners insurance market. The company's goal is to offer comprehensive insurance solutions that enhance the safety and security of homes.

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Hippo Insurance

PALO ALTO, Calif., Aug. 8, 2024 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended June 30, 2024. Complete financial results and full year guidance for 2024 can be found in the company's shareholder letter in the Investor Relations section of Hippo's website at https://investors.hippo.com/. "Our plan to reduce the volatility in our homeowners program passed its first meaningful test, as we delivered a substantial year-over-year reduction in catastrophic losses despite another quarter of elevated severe weather," said Hippo President and CEO Rick McCathron. "We used proprietary technology to drive efficiencies into our operations, which resulted in higher customer lifetime value and lower customer acquisition costs, and we improved access to insurance for customers buying new homes. We are well-positioned for continued growth and on track to achieve our long-stated goal of positive Adjusted EBITDA in Q4."

Hippo Reports Second Quarter 2024 Financial Results

CHICAGO, IL [May 7th, 2024] - Snapsheet, a pioneer in cloud-based claims management software and virtual appraisals, announced today it is partnering with Hippo, the home insurance group focused on proactive home protection, to enhance the claims experience for homeowners.

Modern Insurance, Modern Solutions: Snapsheet and Hippo Partner to Deliver a Seamless and Efficient Claims Process for Homeowners

PALO ALTO, Calif., May 2, 2024 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended March 31, 2024. Complete financial results and full year guidance for 2024 can be found in the company's shareholder letter in the Investor Relations section of Hippo's website at https://investors.hippo.com. "The critical work we began last year to reduce CAT exposure and streamline our operations, without sacrificing growth, continued in the first quarter," said Hippo President and CEO Rick McCathron. "Our growth accelerated in Q1, and we expect it to accelerate further later this year as we continue to reopen and expand business where we have a competitive advantage and confidence in expected profitability as we progress toward positive Adjusted EBITDA."

Hippo Reports First Quarter 2024 Financial Results

Appetite Finder Checks with Multiple Carriers to Gauge their Appetite for Specific Risk ProfilesPALO ALTO, Calif., March 21, 2024 /PRNewswire/ -- First Connect Insurance Services, a digital platform designed to provide independent agents access to some of the nation's top carriers, announced today that it has partnered with Hiscox USA, and subsequently hit the 100-carrier and MGA milestone. First Connect also launched a new Appetite Finder feature today, making it easier for agents to match their client's coverage needs with carrier appetites."Our growth is the direct result of our ability to attract a variety of carriers to First Connect and provide independent agents with the optionality they need to build their businesses," said First Connect President, Aviad Pinkovezky.Recently added to the platform, Hiscox USA provides same-day coverage for small businesses with $5M or less in annual revenue. The carrier allows agents to bind General Liability, Personal Liability, Business Owner's Policy, and Cyber Security coverage through a fast and easy all-digital experience."We partnered with First Connect because they go above and beyond for independent agents, making their lives that much easier with an intuitive experience," said Hiscox USA CEO Kevin Kerridge. "We share those same priorities for all of our customers, and champion user-friendly tech solutions for small businesses that simplify, rather than overcomplicate."The new Appetite Finder checks with multiple carriers to gauge their appetite for a specific risk profile, a complex problem to solve manually due to the dynamic nature of industry changes. The new feature considers both already appointed carriers and new carriers who may be seeking that specific type of business."The value we deliver to agents is even more pronounced in a hard market, with rapid developments across the insurance industry. Appetite Finder addresses those challenges, confirming carrier appetite based on geography and business class without the need for a lengthy quote process," said Pinkovezky.Commercial products have grown increasingly popular among agents navigating a challenging personal lines market

Hippo'S First Connect Hits 100 Carrier & Mga Milestone And Launches New Appetite Finder Feature

Many of the names that are part of the FinTech IPO Index soared double digits on the heels of earnings this past week, leading the overall index 2.7% higher.MoneyLion Shares Roar AheadMoneyLion’s shares gained roughly 34% as December quarter details saw the number of customer inquiries it received through the platform leap 78% year over year (YoY), reaching 205 million in 2023, MoneyLion CEO Dee Choubey said during the company’s quarterly earnings call.This shows customers’ increasing engagement with the firm’s financial services marketplace, he added.“Our marketplace solutions, technology advantage, customer acquisition and monetization products have set us up nicely as the gateway to American financial services,” Choubey said.The company officially launched its premium membership offering — MoneyLion WOW — after a couple of quarters of beta testing, Choubey said.Priced at $9.99 a month, MoneyLion WOW offers members exclusive benefits like cash back on first- and third-party products and offers. Together, these can add up to hundreds of dollars in benefits each year, according to a presentation that accompanied earnings.MoneyLion also continues to enhance the search function on its platform by supporting it with generative AI capabilities, Choubey said during the call.Hippo Shares Follow Close BehindHippo Insurance shares jumped 31%, trailing MoneyLion only slightly. The company said that in the December period, insurance-as-a-service (IaaS) and services offerings drove total generated premium (TGP) up 39% and 20% YoY, respectively. Consolidated TGP gained 15% YoY with IaaS and services now representing 77% of total TGP. Revenues surged 80% to $64 million.Paymentus’ fourth quarter earnings revealed that it had digitally processed 124.8 million transactions in the fourth quarter of 2023, an increase of 28.4% from the fourth quarter of 2022.CFO Sanjay Kalra mentioned that the company plans to invest in sales and marketing to support future growth. As Paymentus executives noted on Monday’s call, the company has seen its insurance, utilities, government, real estate and retail verticals expand and sign new clients.“Paymentus again reported quarterly results that exceeded our original expectations as revenue rose 24.7%, contribution profit grew 22.7% and adjusted EBITDA was up 95.4% year over year

Fintech Ipo Index Gathers 2.7% As Moneylion Jumps 34% On Earnings

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Hippo Ends 2023 With $273 Million Loss

Naps for everyone | Timothy the Hippo launches campaign for 'Hippo of the United States'

PALO ALTO, Calif., Feb. 5, 2024 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced the company's fourth quarter financial results will be released before market open on Wednesday, March 6, 2024. The company will host a conference call and live webcast for analysts and investors at 8am ET/5am PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call.Conference Call and Webcast InformationDate: Wednesday, March 6, 2024Time: 8:00 a.m. Eastern Time / 5:00 a.m. Pacific TimeDial In: +1 833 470 1428 (U.S.) / +1 404 975 4839 (International)Access Code: 192971Webcast: https://events.q4inc.com/attendee/329115828A replay of the webcast will be made available after the call in the investor relations section of the company's website at https://investors.hippo.com/Forward-looking statements safe harborCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995

Hippo To Report Fourth Quarter Financial Results On March 6, 2024

From Renewed Commitments to DIY Home Maintenance to Purchasing Flood Insurance, U.S. Homeowners Embrace Proactive Strategies to Protect Their InvestmentPALO ALTO, Calif., Jan. 8, 2025 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today released findings from its third annual Housepower Report. The national survey of over 2,000 U.S. homeowners revealed the creative steps homeowners are taking to protect their homes in 2025."In 2024, when faced with unexpected repairs, many homeowners shelled out high out-of-pocket costs to manage their homes," said Hippo President and CEO Rick McCathron. "We understand the importance of preventative care and are here to help homeowners confidently protect their homes, and in turn, their primary financial investment, from offering insurance coverage tailored to their needs to providing personalized maintenance advice in the Hippo Home app all year long."Findings from the 2024 Housepower Report Include:Unexpected Repair Costs Soared in 2024In 2024, nearly half (46%) of homeowners spent more than $5,000 on unexpected repairs - an increase from 36% in 2023

Hippo'S Housepower Report Reveals Top Trends Shaping The Homeowner Experience In 2025

PALO ALTO, Calif., Nov. 8, 2024 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended September 30, 2024. "The positive momentum we've built over the past year continued in the third quarter as we took a significant step forward on our path to profitability," said Hippo President and CEO Rick McCathron. "We strengthened our foundation for future growth by continuing to develop our Hippo New Homes Program and delivered our best-ever year-over-year improvement to our HHIP non-weather loss ratio--positioning us for a successful fourth quarter and sustained growth in 2025 and beyond.". Hippo also announced that it sold a majority stake in First Connect Insurance Services to Centana Growth Partners, who will invest new capital into First Connect to fund its future growth

Hippo Reports Third Quarter 2024 Financial Results

Homeowners insurance with smart technology integration

Hippo Insurance

Homeowners insurance with smart technology integration

Hippo Insurance

Homeowners insurance with smart technology integration

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