Hippo Holdings Inc. is a technology-native insurance holding company that operates as a multi-carrier platform providing homeowners, renters, casualty, and commercial multi-peril insurance to customers across the United States through owned managing general agents, program administrators, and distribution partnerships with independent agents and direct-to-consumer channels. The company generates revenue through a dual model: stable fee income from licensing its carrier platform to managing general agents and selective underwriting risk retention across personal and commercial insurance lines, positioning itself as both a capacity provider and carrier for high-performing agencies. Hippo leverages proprietary full-stack technology, advanced data analytics, and disciplined underwriting to compete against established national carriers and emerging insurtechs in the fragmented property and casualty insurance market.