Hippo Holdings

InsurtechUSA

New to Unitard

📉 Public < $1B

Peak $5 BillionToday

−82%

from peak

🦄
Became a unicorn
2020
📈
Peak valuation
$5 Billion ’21
💔
Became a Unitard
~2022
💸
Last valuation
~$926M

Current status

Public; post reverse split

Live · HIPO· NYSE

as of 2026-11-05

$34.79▼ 6.38% today

≈ $926 Million market cap · −81.5% from peak

The rise & fall

6 moments · 2015–2022

The key moments.

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

Joins the unicorn club

A mid-pandemic funding round values the insurtech above $1B.

TechCrunch

2021

The peak: a ~$5B SPAC debut$5B

Goes public by merging with a Reinvent SPAC as insurtech listings boom.

Reuters

2021–22

Underwriting losses sour the story

Heavy loss ratios and the broader insurtech selloff crush post-SPAC valuations.

SEC filing

2022

Slips out of the club

The market cap sinks well below $1B alongside fellow SPAC-era insurtechs.

stockanalysis.com

Today

Still in the club — and still trading

Live · HIPO · NYSEas of 2026-11-05

$34.79▼ 6.38% today≈ $926M cap · −81.5% 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.

Glassdoor reviews dipped sharply in 2022 and 2023, with reviewers citing management turnover and culture strain, before ratings recovered somewhat.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.

Source: Public market cap ~$715M (stockanalysis.com, Jun 2026)