Editor at Coverager
Hippo's home insurance program had a gross loss ratio of 121%.
The company generated net income of $18 million.
In-force premium was over $1 billion.
Premiums written increased $710 million.
Buckle disclosed 50-99 creditors, $0-$50k in assets, and $10M-$50M in liabilities.
The company reported net income of $522 million.
The collaboration is expected to deliver insurance solutions that offer data-driven and competitive rates.
Earlier this month we reported that Kin is getting into the mortgage space.
In 2021, Brookfield Reinsurance announced a $5.1 billion deal to acquire the carrier.
The subscription includes free travel insurance.
The company generated $928 million in net income.
The carrier reported a net underwriting loss of $20 million for the year.
The startup offers coverage in 24 states.
Progressive participated in the round.
Rocket expects the combined company to achieve more than $200 million in run-rate synergies by 2027.