Hippo Holdings Inc., together with its subsidiaries, provides property and casualty insurance products to individuals and business customers primarily in the United States. It operates three segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. The company’s insurance products include homeowners’ insurance against risks of fire, wind, and theft, as well as other personal lines policies from third party carriers; personal and commercial; and auto, flood, earthquake, pet, and other insurance products. It also offers service contracts, home health check-ups, and home care advice. The company distributes insurance products and services through its technology platforms and website, as well as operates licensed insurance agencies. Hippo Holdings Inc. is headquartered in Palo Alto, California.
Insurtech Innovato | Hippo revolutionizes homeowners' insurance with tech-driven underwriting and distribution, targeting the $110 billion U.S. market growing at 5% annually. |
Financial Trajectory | Explore Hippo's journey towards profitability, with Q2 2024 showing a 20% YoY increase in total generated premiums and significant EBITDA improvement. |
Strategic Edge | Delve into Hippo's omni-channel distribution and proactive loss prevention approach, setting it apart in the traditional insurance landscape. |
Market Valuation | Analyst targets range from $24 to $35, with Hippo's innovative model and improving financials suggesting potential undervaluation at its current price. |
Metrics to compare | HIPO | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipHIPOPeersSector | |
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P/E Ratio | −12.9x | 23.3x | 9.7x | |
PEG Ratio | −0.16 | 0.05 | 0.03 | |
Price/Book | 2.1x | 2.0x | 1.0x | |
Price / LTM Sales | 1.7x | 1.2x | 2.9x | |
Upside (Analyst Target) | 29.2% | 13.3% | 10.3% | |
Fair Value Upside | Unlock | 13.0% | 1.8% | Unlock |