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The company said the reduction was due to years of steady improvements. -
The Florida homeowners’ InsurTech went public today at $17 per share.
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The carrier is pricing shares at the upper end of the range announced this month.
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This is up from last year’s $1bn protection for its Florida treaty.
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The deal triples Hippo’s new homeowner leads and extends Baldwin’s MGA capacity.
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The Floridian is the third insurance company to go public in 2025.
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The Series C brings the company's valuation to $2.1bn, its highest to date.
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A week ago, this publication revealed that Slide was pressing ahead with its IPO plans with an S-1 filing.
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Shares were down as much as 20% after Hippo posted a $48mn loss.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Nordic operations have capacity provided by Allianz Commercial.
