Homeowners Insurance Market Opportunity

Transaction Summary Transaction Structure Hippo and Reinvent are partnering to transform the home insurance industry Founder shares are structured to create long-term alignment Valuation Transaction implies a fully diluted pro forma enterprise value of $5.0B 4.4x 2023E Total Written Premium 25.1x 2023E Adjusted Gross Profit Existing Hippo shareholders to retain ~87% of the pro forma equity Capital Structure The transaction will be funded by a combination of Reinvent cash held in a trust account and proceeds from Reinvent PIPE for an aggregate of up to $780MM Pro forma for the transaction, Hippo expects to have up to $1.2B in cash to fund growth and operations Proprietary and Confidential | 5

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