Latest news with #Hippo
Yahoo
15-07-2025
- Business
- Yahoo
Hippo to Report Second Quarter Financial Results on August 6, 2025
SAN JOSE, Calif., July 15, 2025 /PRNewswire/ -- Hippo (NYSE: HIPO), the insurance group focused on proactive protection, today announced the company's second quarter financial results will be released before market open on Wednesday, August 6, 2025. The company will host a conference call and live webcast for analysts and investors at 8:00am ET/5:00am 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. Second Quarter Earnings Conference Call and Webcast Information Date: Wednesday, August 6, 2025Time: 8:00 a.m. Eastern Time / 5:00 a.m. Pacific TimeDial In: +1 833 470 1428 / Global Dial-In Numbers Access: 750648Webcast: A replay of the webcast will be made available after the call in the investor relations section of the company's website at About Hippo Hippo is a technology-enabled insurance group that leverages Spinnaker, its hybrid fronting carrier, to diversify risk across both personal and commercial lines. Through the Hippo Homeowners Insurance Program, the company applies deep industry expertise and strong underwriting capabilities to deliver tailored, proactive coverage for homeowners. With a flexible portfolio and a disciplined risk management approach, Hippo is well-positioned to adapt to changing market conditions and capitalize on market cycles. Hippo Holdings Inc. subsidiaries include Hippo Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Wingsail Insurance Company. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various affiliated and unaffiliated insurance companies. For more information, please visit Contacts Investors:Sammy Nginvestors@ Press:Mark Olsonpress@ View original content to download multimedia: SOURCE Hippo Analytics, Inc Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Borneo Post
10-07-2025
- Entertainment
- Borneo Post
Sarawak kids shine at Hippo English competition in Vietnam
The children from Sarawak who competed in the Hippo English Without Borders competition in Da Nang. DA NANG (July 11): The enthusiasm to prove their English chops was seen on the faces of 291 children from different countries during a balmy Saturday morning here last week as they gathered to compete in the far east regional qualifier of Hippo's English Without Borders competition on July 5, 2025. Among them were children from Sarawak: Taiga Ling Ren Xing, Ethan Chua Jun Quan and Stella Chang Ching Yi from St Joseph's Private Schools, Kuching; Arman Abu Bakar from Sekolah Sri Knewton, Miri; Jared Lee Ren Lau from SJK Chung Hua No. 1, Kuching; and Jolyn Chiong Jia Hxuan from SJKC Su Tak, Sarikei. There were other children from Malaysia who were also vying to secure an opportunity to represent Malaysia in the academic competition's World Finals stage. Billed as a global academic English competition, Hippo, which started in 2013, is targeted at children between six to 19 years old who compete according to their age groups over four stages. Some 93,148 students from 3,208 schools across 73 countries participated in the competition this year, with the World Finals to be held from Sept 29 to Oct 1, 2025 in Assisi, Italy. Taiga made Sarawak proud when he clinched the gold medal in the Little Hippo category, thus securing his invitation to the World Finals. Six children from other Malaysian states also won their 'golden ticket' through scoring the best mark in their respective categories. They will join potentially 37 children from Malaysia, including two from Sarawak – Ronald Hu King Onn from SMK Chung Hua, Sibu; and Theodora Pei Ern Huei from SMK Merbau, Miri, who have already qualified to the World Finals during the contest's National Finals stage earlier. Taiga, who turns 10 this year, has attempted the competition three times thus far. 'I feel very excited (about winning); I'm not sure if I am ready for Italy but if they tell me to go, I'll go!' he said with great enthusiasm. Taiga clinched the gold medal in the Little Hippo category and secured a place in the World Finals. Gan Choon Keong from Caya Academy, which is the Malaysia and Singapore Hippo coordinator, said the Hippo English competition has grown in popularity in Malaysia since they introduced it to the country in 2020. Starting with just 3,000 participants in the first year, the competition has now attracted over 19,000 participants in 2025, making it one of the most well-received English language competitions that emphasises the Common European Framework of Reference for Languages (CEFR) standard, he said. Gan observed that as Hippo gained popularity in Malaysia, many participants returned to compete year after year even if they did not advance to the next round. 'Feedback from these participants shows that they see Hippo as a valuable opportunity to continue learning, improve their English proficiency, and enjoy their language learning journey,' he explained. 'Each year, through the Hippo World Final Round, over 40 top-performing participants from Malaysia qualify to compete in the Grand Final in Italy, joining other top English learners from more than 70 countries around the world.' Daniele Piacenti, a Hippo founder, explained that the Hippo competition started in Venice, Italy as it was seen as a neutral area for children from Western and Eastern European countries to gather and have a friendly competition at a time of heightened political tensions. By 2015, the competition had reached Abu Dhabi, and Asia by 2016. Piacenti further drew attention to the availability of scholarships, Hippo4Equity Grants, that are targeted at Hippo candidates from low socioeconomic backgrounds. These grants help enable disadvantaged children to participate in international Hippo events including the World Finals. Application details for Hippo4Equity Grants can be found at competition English Hippo lead Sarawak kids vietnam
Yahoo
13-06-2025
- Business
- Yahoo
Baldwin subsidiary to buy Hippo's homebuilder distribution network
Westwood Insurance Agency, an indirect subsidiary of the Baldwin Group, has agreed to acquire Hippo Holdings' homebuilder distribution network. This network generated revenues of approximately $29.2m in the most recent trailing 12-month period. The deal is contingent upon certain closing conditions, with an expected completion date of 1 July 2025. Additionally, Millennial Specialty Insurance (MSI), the managing general agency (MGA) of the Baldwin Group, has signed programme administrator and claims administration agreements with an affiliate of Hippo to establish a new homebuilder programme. This move is aimed at providing proprietary capacity for Westwood's builder partners. Baldwin Group CEO Trevor Baldwin said: 'As we continue to grow and innovate across the insurance value chain, we remain focused on maintaining and building strong relationships with our capacity partners, powering our continued insurance product innovation to support our clients amidst a rapidly evolving risk landscape. 'We look forward to our deepening relationship with the Hippo team and are excited about the opportunity to continue our growth trajectory via tech-enabled innovation.' Moreover, Hippo and its affiliates, including Spinnaker Insurance Company, will provide capacity and reinsurance support for existing and future programmes under MSI. Hippo president and CEO Rick McCathron stated: 'This long-term agreement with the Baldwin Group allows us to focus on what we do best – risk identification and selection, while providing an opportunity to accelerate the growth of our New Home business through Westwood's industry-leading homebuilder network. 'We [Spinnaker] are also excited to build on our decade-long support of Baldwin's MSI Renters and MSI Homeowners programmes, as we provide capacity to a broader range of Baldwin's MGA programmes.' In March, the Baldwin Group signed a note purchase agreement to raise $110m through surplus debentures to finance the launch of its reciprocal insurance exchange. "Baldwin subsidiary to buy Hippo's homebuilder distribution network " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
12-06-2025
- Business
- Yahoo
Hippo Insurance pitches big comeback by 2028, CEO explains
Property insurance company Hippo Holdings (HIPO) hosted its 2025 investor day on Thursday. Coming off the event, Hippo CEO and President Rick McCathron sits down with Julie Hyman to speak more about the company's path to profitability and its fronting partnership with the Baldwin Insurance Group (BWIN). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Hippo insurance, hosting its 2025 investor day today in New York City. Yahoo Finance's Julie Hyman is sitting down now with Hippo CEO and President Rick McCathron. Indeed, I'm out here with Rick McCathron and you guys were just talking about stocks that are outperforming the broader market this year. Hippo happens to be one of them. It's up about 10% and actually rose about 9% today in the wake of the investor day you guys were having. So thanks for being here, Rick. No, thank you so much, Julie, for having me. So you guys came out with some new targets today. They're targets that are pretty far out for 2028. Um I guess I would ask, and of course, a lot of companies do out-year planning, but why did you want investors to sort of have that further out roadmap that you gave them today? Yeah, a couple, couple of reasons for that. First of all, the last investor day we had was three years ago and we put three-year targets in place at that time. And one of the things we wanted to do today was to show everybody how we compared with the targets that we gave three years ago, and we were pleased to report that we beat all of the financial targets that we put forth. Insurance is the type of industry that sometimes takes a longer view to understand the trains, the changes, the trends and what you're doing. So we wanted to put the same type of three-year targets out and put those stakes in the ground, and we're the type of company when we put stakes in the ground, we do everything we can to hit them. Um, we haven't had a chance to catch up with Hippo in a while. So for folks who are watching, um I should mention first of all, you guys are not yet profitable. You hope to be going out to 2028 is my understanding on net income basis. Correct. Um, so and you are effectively an insurance startup. What makes Hippo different from the big insurance companies of the world? What's, you know, what is in that startup DNA? Yeah, and I think there's two different components in that startup DNA. And so what we have guided for 2025 is net income profitability this year. So we, in our fourth quarter. So we're driving towards that. What makes Hippo unique is two different aspects of our business and we shared this strategy during our investor day. The first aspect is our homeowners insurance program. Hippo has a modern approach to homeowners insurance, focusing on customers that are buying new homes and customers that want a partner to protect their home. And this is something that we focused on through the use of lots of technology, easy interfaces, both for the home builder, the home buyer and the customer. That's one aspect of our business. The second aspect of our business is insurance works well when you have diversified exposure. You spread that risk across different geographies and different product lines. And one of the portions of our business that we're most excited about is our fronting carrier. And a fronting carrier is an insurance company that partners with other smaller insurance organizations to bring all different types of products to market, and that creates a diversified portfolio to go alongside our homeowners insurance offering. Gotcha. And you announced a new partnership, right, today on the fronting front. Um so what is, what's the significance of that partnership? It's a really good partnership. It is with Baldwin Group, which is also a public company. Um what the partnership essentially allows both companies to do is for each of us to do what we do well. So there is a, a component of our business as I mentioned which is new homes. Baldwin has a subsidiary called Westwood that is the preeminent provider of new home insurance to consumers buying from the largest home builders in the country. We had a smaller version of that at Hippo, and what we decided to do collectively is to partner and say, you guys are great at working with builders, you should do that. We are great at building new insurance products for the modern consumer and we will do that portion of it. So now, between the two of us, we have access to 20 of the top 25 home builders and dozens of other home builders beyond that, and Baldwin is focusing on distribution, we are focusing on the underwriting. It has tripled our funnel for new home business. Gotcha. I want to take a step back for a minute because you guys went public through a de-SPAC in the go-go days of the SPAC and IPO boom, right? And so like so many companies, you saw the stock sort of spike and since then it's had, you know, it's come back to Earth so to speak. So what message do you want to sort of give to longer-term investors about what they can expect sort of growth-wise from a company like Hippo? Yeah, I appreciate the question. And the main message that we wanted to share is insurance generally is longer term. So the guidance that we gave today for three years is to double our written premium to over $2 billion, to 4X our adjusted net income to $125 million, and to create a return on equity of 18% or better. This type of financial performance shows the discipline of the earlier stage company, really hitting its stride on those positive financial aspects to benefit our investors. Okay, Rick, thanks so much for being here. Appreciate it. Thank you so much. Appreciate it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
Hippo Insurance pitches big comeback by 2028, CEO explains
Property insurance company Hippo Holdings (HIPO) hosted its 2025 investor day on Thursday. Coming off the event, Hippo CEO and President Rick McCathron sits down with Julie Hyman to speak more about the company's path to profitability and its fronting partnership with the Baldwin Insurance Group (BWIN). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
