hippo spac investor presentation
The call can also be accessed via phone by dialing 1-866-777-2509 (U.S.) or 1-412-317-5413 (International). Founded in 2015, Hippo’s goal is to make homes safer and better protected by taking a proactive approach designed to prevent losses. Ed Trissel / Jon Keehner / Scott Bisang Reinvent believes in structuring its transactions to ensure maximum long-term alignment with the company in which it invests. Hippo and Reinvent Joint Investor Conference Call . 212-355-4449, Source: Hippo Enterprises Inc. and Reinvent Technology Partners Z, https://www.businesswire.com/news/home/20210304005356/en/, https://z.reinventtechnologypartners.com/investor-relations, https://www.reinventtechnologypartners.com, https://www.streetinsider.com/Business+Wire/Home+Insurance+Marketplace+Young+Alfred+Secures+%2410+Million+in+Series+A+Funding/16047518.html. Mark Pincus. The U.S. home insurance industry is expected to reach nearly $140 billion by 2025,1 and Hippo has a significant opportunity for further transformation with its proven track record of growth and execution. Biotechs that seek to go public are discovering them as an alternative to an initial public offering for the obvious reasons that the process can move much faster. Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, has been provided in a Current Report on Form 8-K filed by Reinvent today with the Securities and Exchange Commission (“SEC”) and available at www.sec.gov. Hippo is one of several insurtechs looking to reinvent the insurance industry, which has lagged in embracing technology. Around the time an … The data contained herein is derived from information provided by the Companies and various third-party sources and is included herein for illustrative purposes only. Conference Call, Webcast and Presentation Information Hippo and Reinvent will host a joint investor conference call to discuss the proposed transaction today, Thursday, March 4, 2021, at 8:30 A.M. Neither Reinvent nor Hippo gives any assurance that either Reinvent or Hippo or the combined company will achieve its expectations. Colleen Hsia / Rachel Rosenblatt Hippo offers a different kind of home insurance, built from the ground up to provide a new standard of care and protection for homeowners. The information contained herein does not … Pursuant to the business combination agreement, a Reinvent appointed director will join Hippo’s Board of Directors at the transaction closing. This Presentation has been prepared to … A live webcast of the conference call, along with a detailed investor presentation, will be available here. Past Events. Hippo is licensed as a property casualty insurance agency in all states in which products are offered. Offerpad is merging with SPNV and going public via SPAC. Forward -looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” … 6. Hippo counts Dragoneer, Ribbit, Iconiq among its investors. Conference Call, Webcast and Presentation Information . BlackSky is merging with SFTW and going public via SPAC. Grab Singapore. Readers are cautioned not to put undue reliance on forward-looking statements, and Reinvent and Hippo assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Hippo has created its own industry category by rewriting the homeowner experience through insurance. For media inquiries: press@grab.com. This press release features multimedia. Hippo’s omni-channel distribution allows customers to buy policies however and wherever they want: online, through an agent, or with one of the company’s growing number of partners. Over 700 companies in the Database! Investor Presentation September 2020. Hippo is positively disrupting the insurance industry by offering consumers the first online buying experience that is fast, friendly, and affordable.”. With its differentiated technology, insurance expertise, and vertical integration of homeowner services, Hippo fits squarely into our ‘venture capital at scale’ approach. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as co-financial advisors to Hippo and Latham & Watkins LLP is acting as its legal counsel. Important Information for Investors and Stockholders. Harnessing real-time data, smart home technology, and a growing suite of home services, the company is creating the first vertically integrated, end-to-end home protection and insurance platform. Reinvent’s goal has been to help build industry-leading technology companies at scale for the long-term, and we see ample opportunity to ignite growth and scale Hippo’s business; we believe that Hippo is defining a model that will set the path for years to come in home insurance. Hippo’s management uses forward looking non-GAAP measures to evaluate Hippo’s projected financial and operating performance. Reinvent is a special purpose acquisition company led by Reid Hoffman, Mark Pincus and Michael Thompson, that takes a “venture capital at scale” approach. Hippo has grown historical total written premiums by 69% over the last 3 calendar years, and it launched in 12 new states in 2020 alone. Dec 4, 2020 9:00 am PDT – 10:00 am PDT. Silicon Valley … A replay will be available following the completion of the conference call and can be accessed via the webcast link found in the investor relations section of the Hippo website. ET. Press Release Infographic Executive Bios Anthony Tan, GCEO & Co-Founder Hooi Ling Tan, Co-Founder Ming Maa, President Peter Oey, Chief Financial Officer Chin Yin Ong, Chief People Officer Grab in… Having completed two acquisitions in 2020, including the acquisition of Spinnaker Insurance Company, a national insurance carrier licensed in all 50 states with a Financial Strength Rating of A- (Excellent) by AM Best, Hippo continues to build an all-inclusive home protection platform encompassing home warranty, smart home tech, home maintenance and professional monitoring services. Hippo and Reinvent will host a joint investor conference call to discuss the proposed transaction today, Thursday, March 4, … 1 https://www.streetinsider.com/Business+Wire/Home+Insurance+Marketplace+Young+Alfred+Secures+%2410+Million+in+Series+A+Funding/16047518.html, View source version on businesswire.com: https://www.businesswire.com/news/home/20210304005356/en/, Investor Contacts: Reinvent and Hippo and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Reinvent’s shareholders in connection with the proposed transaction. Hippo’s coverage is designed for today’s homeowners, replacing coverage for items such as fur coats and china sets with more protection of crucial items such as home office equipment and water back-up. This Presentation shall not constitute a “solicitation”as defined in Section 14 of the Securities Exchange Act of 1934, as amended. 2. The combined company is set to be … This modern coverage lowers the chance of its customers encountering unexpected gaps in coverage in the event of a loss. Consistent with this approach, Reinvent and Hippo have agreed to a long-term lock-up on founder shares for up to two years, and a robust earnout structure with full vesting not realized until the share price reaches $20 per share. Reid Hoffman, LinkedIn Co-Founder and Co-Lead Director of Reinvent, said: “Guided by Assaf’s visionary leadership, Hippo is deploying impressive speed and skill to transform the home insurance industry. PALO ALTO, Calif.--(BUSINESS WIRE)-- The company built an insurance experience that is simple, modern, and proactive. An analysis of the BlackSky Investor Presentation. Through this strategic partnership with Reinvent and an incredible team of world-class entrepreneurs, investors, and employees, we can’t wait to transform the homeowner experience and accelerate our growth.”. INVESTOR PRESENTATION . The evolution of our industry must be grounded in meeting today’s customer needs. Source: Hippo investor presentation Insurtech optimism and hype But insurtechs did not need SPACs to attain sky-high valuations. the Appendix to this presentation. These forward‐looking statements include statements regarding our plans, objectives, Learn More About Us, For investor relations inquiries [email protected]. Hippo Enterprises Inc. (“Hippo”), the home insurance group that created a new standard of care and protection for homeowners, has entered into a definitive business agreement with Reinvent Technology Partners Z (“Reinvent”) (NYSE:RTPZ), a special purpose acquisition company (“SPAC”) that takes a “venture capital at scale” approach. Hippo's deal with Reinvent is the latest in a string of insurance tech firms, or "insurtech" as they are popularly referred to, taking the SPAC merger route to go public. Forward Looking Statements The information in this presentation and the oral statements made in connection therewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For investor inquiries: investor.relations@grab.com. Our Story Social Impact The Grab Way Contact us. The business plan laid out in an investor presentation today forecasts the start-up making its first operating profit by 2025 of $58mn. 333-249799), the registration statement to be filed on Form S-4 discussed above and other documents filed by Reinvent from time to time with the SEC. A list of the names of the directors and executive officers of Reinvent and information regarding their interests in the business combination will be contained in the proxy statement/prospectus when available. Through deep investments in technology, data, and homeowner services, Hippo has built the country’s most radically user-friendly home insurance company that provides it with a competitive advantage over industry incumbents. Hippo, an Israeli insurtech, was valued at $3 billion in November after two investments totaling $500 million. ... – Broad array of technical solutions and services across space / ... Hippo Acquisition Investor Presentation_FINAL.pptx View Webcast → … All statements, other than … Disclaimer 2 Disclaimers This presentation (“Presentation”) is for informational purposes only. FTI Consulting The transaction is further supported by a $550 million PIPE at $10 per share that was led by current investors (including Dragoneer, Lennar and Ribbit), top tier mutual funds and Reinvent Capital. Hippo is headquartered in Palo Alto, California with offices in Austin and Dallas, Texas and insurance products available to more than 70 percent of U.S. homeowners in 32 states. All materials, including the investor presentation, will be available on the Hippo website at investors.hippo.com and at https://z.reinventtechnologypartners.com/investor-relations. Policies provided by Hippo in AZ, CA, CO, NV, OR, UT and WA are underwritten by, Policies provided by Hippo in AL, AR, AZ, CA, CO, CT, DE, GA, IL, IN, KS, KY, MD, ME, MN, MO, MS, NH, NE, NJ, NM, NV, OH, PA, SC, TX, TN, VA and WI are underwritten by. Investor Presentation January 2021. It contains everything there is to know about every single SPAC out there! Hippo’s management uses forward looking non-GAAP measures to evaluate Hippo’s projected financial and operating performance. Hippo’s intuitive and proactive protection platform is designed to reduce the likelihood of loss, while deepening its customer relationships and improving loyalty and retention. Download PDF PDF Format Download (opens in new window) PDF 5.99 MB Listen to this Presentation Audio Format Download (opens in new window) Watch this Presentation Video Format Download (opens in new window) View this Presentation PDF Format Download (opens in new window) 02/22/2021. the Appendix to this presentation. Home insurance products offered through Hippo Insurance Services are currently available in 32 states, covering more than 70% of the U.S. population, and the company expects its products to be available to 95% of the U.S. population by the end of 2021. For media inquiries: press@grab.com. This presentation contains “forward‐looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This communication does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Investor Presentation January 2021. Hippo offers a different kind of home insurance, built from the ground up to provide a new standard of care and protection for homeowners. This communication may be deemed to include certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Reinvent and Hippo. Investor Relations Investor Relations. This presentation contains “forward‐looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Download PDF PDF Format Download (opens in new window) … Neither this Investor Presentation nor any part or copy of it may be taken or transmitted into the United States or published, released, disclosed or distributed, directly or indirectly, in the United States, as that term is defined in the United States Securities Act of 1933, as amended (the “SecuritiesAct”),except to a limited number of qualified institutional buyers (“QIBs”),as defined in Rule 144A under the Securities … Investor Webcast. Together, we will strive to create truly revolutionary outcomes for homeowners and this industry.”. Our goal is to make homes safer and better protected so customers spend less time worrying about homeownership and more time enjoying their homes. This Presentation shall not constitute an offer to sel l, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful. Related Link: Churchill Capital Corp IV SPAC Pops On Lucid Motors Rumor. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Reinvent’s registration on Form S-1 (File No.