Core Insights - Hippo is hosting its 2025 Investor Day to present its three-year roadmap and announce a strategic partnership with The Baldwin Group [1] - The company has transitioned from a monoline homeowners insurance carrier to a scalable hybrid fronting platform, aiming for sustainable and profitable growth [2] Strategic Partnership - Hippo has formed a strategic partnership with The Baldwin Group's subsidiary, Westwood Insurance Agency, to enhance its New Homes business [4] - The partnership will allow Hippo to access three times as many new construction homebuyers and will involve Baldwin purchasing Hippo's existing homebuilder distribution network for $100 million [5] Financial Targets - Hippo has set ambitious 2028 financial targets, including gross written premium exceeding $2 billion, adjusted net income greater than $125 million, and adjusted return on equity greater than 18% [4][5] Business Strategy - The company is diversifying its premium mix across personal and commercial lines through its integrated hybrid fronting platform, Spinnaker [5] - Hippo aims to capitalize on the growth in the home insurance market with its Hippo Homeowners Insurance Program, which offers a tech-forward customer experience [5] Operational Framework - The strategic framework is designed to deliver attractive returns through a diversified portfolio of risk anchored in core home offerings [4] - The partnership with Baldwin will enhance Hippo's capacity to support builder clients in a challenging insurance market [6]