---
schema_version: "secwatch.filing_event.v1"
accession: "0001828105-25-000041"
form_type: "8-K"
ticker: "HIPO"
cik: "0001828105"
company_name: "Hippo Holdings Inc."
filed_at: "2025-06-12T23:59:59+00:00"
generated_at: "2026-05-19T11:10:17.972640+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hippo sells homebuilder distribution network to The Baldwin Group for $100M, unveils 2028 targets

## Summary
- Baldwin's Westwood Insurance Agency will distribute Hippo's new construction product, tripling homebuyer reach.
- Baldwin acquires Hippo's existing homebuilder distribution network for $100 million in cash.
- 2028 targets: GWP >$2B, adjusted net income >$125M, adjusted ROE >18%.
- Spinnaker to expand capacity for additional Baldwin MGA programs beyond MSI Renters and Homeowners.

## SEC filing metadata
- accession: 0001828105-25-000041
- form_type: 8-K
- ticker: HIPO
- cik: 0001828105
- company_name: Hippo Holdings Inc.
- filed_at: 2025-06-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828105/000182810525000041/0001828105-25-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828105/000182810525000041/hippo-20250612.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828105-25-000041
- JSON: https://secwatch.observer/filing/0001828105-25-000041.json
- Plain text: https://secwatch.observer/filing/0001828105-25-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.