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Hippo Holdings

InsurtechUSA
📉 Public < $1B
Peak $5 BillionToday
~-86%
from peak
  1. 🦄
    Became a unicorn
    2020
  2. 📈
    Peak valuation
    $5 Billion ’21
  3. 💔
    Became a Unitard
    ~2022
  4. 💸
    Last valuation
    ~$700M
Current status
Public ~$0.68B; post reverse split

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: PitchBook May 2026