Hippo Holdings Inc is an innovative home insurance company that leverages technology to provide homeowners with comprehensive and user-friendly insurance solutions. By utilizing advanced data analytics and digital tools, Hippo streamlines the insurance purchasing process, offering tailored coverage options that cater to modern homeowner needs. The company aims to enhance the customer experience with rapid policy issuance, simplified claims processing, and proactive home protection services, ultimately making home insurance more accessible and efficient for individuals and families. Read More
The Baldwin Group announced today that, Westwood Insurance Agency LLC (“Westwood”), an indirect subsidiary of The Baldwin Group, has entered into an agreement to acquire from Hippo Holdings, Inc. (“Hippo”) (NYSE:HIPO) and its affiliates all the outstanding equity interests of the various entities comprising Hippo’s homebuilder distribution network. The Partnership, The Baldwin Group’s nomenclature for a strategic acquisition, further solidifies Westwood’s position as the preeminent insurance agency for the homebuilding industry. Hippo’s homebuilder distribution network generated revenues of approximately $29.2 million in the most recent trailing 12-month period1 and is expected to deliver approximately $7 million of adjusted EBITDA over the 12 months following the closing of the Partnership, which is currently anticipated to occur on or around July 1, 2025, subject to certain closing conditions. The Partnership is expected to be neutral to Net Leverage (as defined below) and accretive to 2026 pro forma adjusted Diluted EPS.
SEATTLE, Wash., April 15, 2025 (SEND2PRESS NEWSWIRE) -- Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, today announced the completion of a $6 million seed round. The round was led by Abstract Ventures, a San Francisco-based venture firm with $1.5 billion in assets under management and a track record of backing breakout companies including Rippling, xAI, Hebbia, Brigit and Hippo (NYSE: HIPO) and Mischief, an early-stage VC fund co-founded by Plaid CEO Zach Perret. - News from Friday Harbor, issued by Send2Press Newswire
