Wand's interest in insurance was inspired by his father's lengthy career in the "antiquated" insurance industry. $RTP
🔎 $RTP/@hippo_insurance: SaaS harnessing AI to revolutionize the home insurance industry 🦛🏠
- Everything you need to know
- One-stop-shop for all things smart/connected home
- Higher growth & revenue than closest public competitor $LMND/@Lemonade_Inc
Time for a thread 🧵⬇️
Wand's interest in insurance was inspired by his father's lengthy career in the "antiquated" insurance industry. $RTP
The company's marketing was centered on the delivery of a 60-sec quote for insurance policies, transparent process, and smart home integration.
https://t.co/msy9u2ZpST $RTP
https://t.co/D5AyWgonVp $RTP
https://t.co/MYo9HWDmdV
Hippo offers a more comprehensive package than most standard home insurance policies. $RTP
https://t.co/KdoQodLxcP
I\u2019m jumping for joy! Just saved 66% on my homeowners insurance by switching from @LibertyMutual to @hippo_insurance - that\u2019s like A LOT of moola! \U0001f4b0\U0001f4b0\U0001f4b0 pic.twitter.com/IgdwTU8ZIw
— Kristen Cardinalli (@k_cardinalli) September 22, 2020
More room for further growth! $RTP
Nov 2018: Hippo raised $70m
July 2019: Hippo raised $100m
July 2020: Hippo raised $150m
Nov 2020: Hippo raised $350m
https://t.co/2cudFXpLjy $RTP
They currently offer insurance products to more than 70 percent of homeowners in the country. $RTP
“The opportunities that stand before us are so vast and so big we wanted to double down,” said co-founder and CEO Assaf Wand. $RTP
FinTLV Ventures, Ribbit, Dragoneer, Innovius Capital, Bond, Comcast Ventures, Felicis Ventures, Fifth Wall, Horizons Ventures, ICONIQ, Lennar Corp., Pipeline Capital, Propel Venture Partners, RPM Ventures, Standard Industries and Zeev Ventures. $RTP
June 2019: Hippo Partners with Xfinity to Expand Reach Across the U.S.
https://t.co/B6Kej9YAbm
Nov 2019: Hippo acquired Sheltr to to beef up its digital home insurance services for clients, with Sheltr's enabled services designed to provide home wellness checkups.
https://t.co/uJC5EkrkVz $RTP
https://t.co/Ho3AfklWlP $RTP
https://t.co/a5FGLikirU $RTP
The partnership expands the suite of smart device kits available within Hippo’s smart home program to include a self-monitored smart home security kit from Kangaroo.
https://t.co/B43eRBu3ac $RTP
Sumitomo Mitsui is looking to tap the "insurtech" startup's expertise in artificial intelligence to help policyholders minimize damages from fires and other disasters.
https://t.co/46GsT57FcJ $RTP
"Looking ahead for 2021, Wand said, Hippo will “deepen” its presence inside the home, with an eye, perhaps, on appliance warranties and even payments."
https://t.co/yGN7Lmi8H6 $RTP
"This information is then used to by their AI system to preemptively answer questions that otherwise would be asked by the insurance specialist."
https://t.co/mt704TrWvz
https://t.co/mEZG60vgL8 $RTP
The list includes giants such as Nationwide, State Farm, Amica, Chubb and more.
https://t.co/CLhZHtubR5 $RTP
Gross written premium in 2019 (the value of insurance products sold, before certain deductions)
Hippo: $270 million (140% increase)
Lemonade: $116 million (148% increase)
https://t.co/9RDDyuvJVy $RTP
Lemonade 2020 Q3 Earnings: Expecting revenues of 91-93M$ and negative income
https://t.co/5l4SdgbgEM
$ROOT = $22 (MC 5.46bn)
$RTP = 13 (MC ????)
This article breaks down the competition quite well between Hippo, Lemonade $LMND, and Root $ROOT
https://t.co/i7WqPFLbB1
Insurance is just the way to get in/connected. Reid Hoffman isn’t an insurance guy, he builds new markets and finds verticals to scale even further.
https://t.co/mONNzuEyTG
More from Investing
Look for the following:
1. PE < 15
2. Low debt
3. Low Float
4. No Analyst Coverage
5. High Promoter Holding
6. Recent Promoter Buying
7. High Operating Leverage
8. Conservative Management
9. Blockbuster Earnings Release
What more you should look at?
Read this post, the quote retweets to this and the
Things I look at before Investing:
— The Disciplined Investor (@Disciplined_Inv) August 27, 2021
Profitable \u2013 Free Cash Flow
Healthy \u2013 Interest Coverage
Quality \u2013 ROCE, ROA, Margins
Valuation \u2013 EV/EBITDA, FCF Yield
Governance \u2013 Dividend, Buybacks
Efficiency \u2013 Cash Conversion Cycle
Growth \u2013 Source of Funds for CAPEX
What do you look at?
MF, PMS, AIF , advisory etc.
Every train(strategy) has limited seats for its passengers to enjoy the journey (performance) unless the TT (fund manager) decides to cash in as many tickets as he can and is apathetic towards reduction of the performance like our most popular mutual fund (U know which) !!\U0001f920 pic.twitter.com/febeE3YeeZ
— Alok Jain \u26a1 (@WeekendInvestng) June 12, 2021
🔟of my principles at the end.
⬇️⬇️
1⃣ Buffett : Gotta start with the🐐
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2⃣ Ensemble Capital : @IntrinsicInv @ToddWenning
https://t.co/6Cozku3Vmn
3⃣ Fundsmith : Terry Smith
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4⃣ Silver Ring Value Partners : Gary Mishuris
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