Core Insights - Ethos Technologies experienced a 55% increase in revenue in the first half of 2025, reflecting a strong performance in the insurance IPO market [1] - The company reported a net income of $30.7 million on revenue of $183.7 million, compared to a net income of $18.7 million on revenue of $118.6 million in the same period last year [2] - Ethos plans to sell shares in its upcoming IPO, joining other insurtech companies like Exzeo and Neptune that are also seeking to go public [2] Company Performance - Ethos activated policies on its platform increased by 70% to 94,405 in the first half of 2025 [5] - The company has diversified its offerings to include new insurance and estate-planning products over time [5] - Ethos previously raised $100 million from SoftBank at a valuation of $2.7 billion in 2021 [5] Market Context - The insurance IPO market has been active since May, with several companies going public, although aftermarket performance has varied [3] - Some companies like Accelerant and Slide Insurance are trading below their initial offer prices, while others like American Integrity Insurance and Aspen Insurance have performed well [3][4] - Investors are cautious about the sustainability of public-market performance for upcoming insurance listings, influenced by recent IPO outcomes [4] Underwriting and Listing - Goldman Sachs and J.P. Morgan are the lead underwriters for Ethos's IPO [5] - Ethos is set to list on the Nasdaq under the ticker symbol "LIFE" [5]