Hippo Holdings
InsurtechUSA
New to Unitard
π Public < $1B
PeakΒ $5 BillionToday
β83%
from peak
- π¦Became a unicorn2020
- πPeak valuation$5 Billion β21
- πBecame a Unitard~2022
- πΈLast valuation~$832M
Current status
Public; post reverse split
Live Β· HIPOΒ· NYSE
as of 2026-09-21
$31.53βΌ 2.44% today
βΒ $832 Million market cap Β· β83.4% from peak
The rise & fall
6 moments Β· 2015β2022The key moments.
2015
2015
Founded to reinvent home insurance
Assaf Wand and Eyal Navon pitch data-driven home coverage with smart-home sensors in the box.
TechCrunch
2020
2020
Joins the unicorn club
A mid-pandemic funding round values the insurtech above $1B.
TechCrunch
2021
2021
The peak: a ~$5B SPAC debut$5B
Goes public by merging with a Reinvent SPAC as insurtech listings boom.
Reuters
2021β22
2021β22
Underwriting losses sour the story
Heavy loss ratios and the broader insurtech selloff crush post-SPAC valuations.
SEC filing
2022
2022
Slips out of the club
The market cap sinks well below $1B alongside fellow SPAC-era insurtechs.
stockanalysis.com
Today
Today
Still in the club β and still trading
Live Β· HIPO Β· NYSEas of 2026-09-21
$31.53βΌ 2.44% todayβ $832M cap Β· β83.4% from peak
How it happened
Hippo was a home-insurance startup ('insurtech') that used data and smart-home devices to streamline coverage, reaching a ~$5B valuation when it went public via SPAC in 2021. Like many post-SPAC insurtechs, it faced heavy underwriting losses and investor skepticism, and its market cap collapsed well below $1B. It now trades around $0.68B following a reverse stock split, roughly 86% under its peak.
Source: Public market cap ~$715M (stockanalysis.com, Jun 2026)
Founders
Current roles as self-reported on LinkedIn, retrieved 2026-08-21. See our methodology.
