# Hippo Insurance

> Hippo is a U.S. insurance group combining homeowners coverage, a multi-carrier agency and a carrier platform for partner insurance programs. Its early pitch paired fast online quotes with damage prevention; its subsequent strategy puts greater weight on underwriting discipline, diversified insurance risks and reinsurance.

- **Founded:** 2015
- **Headquarters:** San Jose, United States
- **Founders:** Assaf Wand (Co-founder; founding CEO), Eyal Navon (Co-founder; founding CTO)
- **Products:** Hippo Homeowners Insurance Program, Hippo multi-carrier insurance agency, Hippo Home app, Spinnaker carrier platform, Landlord and additional insurance options
- **Notable:** Public NYSE listing under HIPO in August 2021., Reported positive Q2 2025 net income attributable to Hippo of US$1.3 million., FY2025 gross written premium of US$1,108.6 million.

## Products & services

- **Hippo Homeowners Insurance Program** — Homeowners insurance underwritten through affiliated and other carriers, with coverage and eligibility determined by the policy and state.
- **Hippo multi-carrier insurance agency** — Online quote comparison and agent assistance for homeowners and other insurance through affiliated and unaffiliated carriers.
- **Hippo Home app** — Home maintenance checklists, seasonal guidance and DIY home-care resources for iOS and Android.
- **Spinnaker carrier platform** — Insurance carrier capacity, licenses and reinsurance arrangements for partner managing general agents across personal and commercial lines.
- **Landlord and additional insurance options** — Landlord coverage and access to additional products including auto, flood and pet insurance through carrier partners; terms and availability vary.
- **Smart Home program (historical)** — Eligible policyholders could receive sensor kits intended to detect water, fire and theft risks; documented in the 2022 annual report, not represented here as a universal current benefit.

## Achievements

- Public NYSE listing under HIPO in August 2021.
- Reported positive Q2 2025 net income attributable to Hippo of US$1.3 million.
- FY2025 gross written premium of US$1,108.6 million.
- Q2 2026 combined ratio of 95.8%, compared with 100.1% in Q2 2025.
- Closed US$100 million Mountain Re catastrophe bond in May 2026, adding fire coverage to its multi-peril reinsurance structure.

## Latest updates

- **2026-10** — Published its third annual Extreme Weather Report on weather-related damage and household debt on October 6.
- **2026-09** — Reported that its Clara conversational AI agent completed 81% of attempted first-notice-of-loss calls without human intervention in August; this is a company-reported operational metric.
- **2026-07** — Reported Q2 revenue of US$144.7 million, net income attributable to Hippo of US$10.1 million and a 95.8% combined ratio.
- **2026-06** — Expanded Accelerant partnership; announced deployment of Cognition’s Devin software engineering tool.
- **2026-05** — Closed a US$100 million catastrophe bond with coverage through June 7, 2029.

## Links

- Website: https://www.hippo.com/
- LinkedIn: https://www.linkedin.com/company/hippo-insurance/
- Twitter/X: https://twitter.com/hippo_insurance
- Facebook: https://www.facebook.com/hippo.home.insurance

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Profile page: https://yespress.io/hippo-insurance
Published by YesPress — https://yespress.io
Last updated: 2026-10-16