- Hippo is an emerging insurtech company that has the potential to be a dominant player in the highly fragmented homeowners insurance market.
- The company aims to do this by leveraging its competitive moats and following three guiding operating principles: proactivity, technology, and prevention.
- Topline growth looks promising but loss ratio needs to drop below 100% to remain sustainable.
- Valuations dropped by 60% since the ticker change, which offers a wide margin of safety for investors — even insiders agree as well.
- I rate Hippo a buy under $5.
For further details see:
Hippo: My Oh My, What A Buy