MS&AD Insurance Group Files 13D/A for Hippo Holdings

TL;DR

MS&AD Insurance Group just updated their stake in Hippo Holdings Inc. (HIPO).

AI Summary

MS&AD Insurance Group Holdings, Inc. has filed an amendment (No. 2) to its Schedule 13D concerning Hippo Holdings Inc. The filing, dated July 1, 2024, indicates a change in beneficial ownership. MS&AD Insurance Group Holdings, Inc. is a major insurance group based in Tokyo, Japan.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy of Hippo Holdings Inc. by a significant insurance entity.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant ownership changes or activist intentions, which can introduce volatility.

Key Players & Entities

• MS&AD INSURANCE GROUP HOLDINGS, INC. (company) — Filing entity
• Hippo Holdings Inc. (company) — Subject company
• Kiyotaka Shuto (person) — Mentioned in relation to the filing
• MITSUI SUMITOMO INSURANCE CO LTD (company) — Related entity to MS&AD Insurance Group

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d732533dsc13da.htm (SC 13D/A) — 40KB
• 0001193125-24-173189.txt ( ) — 42KB

From the Filing

SC 13D/A 1 d732533dsc13da.htm SC 13D/A SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 2) Hippo Holdings Inc. (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 433539103 (CUSIP Number) Kiyotaka Shuto Mitsui Sumitomo Insurance Co., Ltd. 9, Kanda-Surugadai 3-chome, Chiyoda-Ku Tokyo, Japan +81332591302 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 27, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-l(f) or 240.13d-l(g), check the following box. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. CUSIP No. 433539103 13D Page 2 of 5 Pages 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS [ENTITIES ONLY] MS&AD Insurance Group Holdings, Inc. Mitsui Sumitomo Insurance Co., Ltd. (TIN: 13-1957438) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Japan NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 1,090,110 8 SHARED VOTING POWER -0- 9 SOLE DISPOSITIVE POWER 1,090,110 10 SHARED DISPOSITIVE POWER -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,190,110 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.46% * 14 TYPE OF REPORTING PERSON IC * Based on 24,429,711 shares of Common Stock, par value $0.0001 per share, of Hippo Holdings Inc. (the Issuer) outstanding as of April 22, 2024 as reported in the Issuers Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 filed with the Securities and Exchange Commission (the SEC) on May 2, 2024. 2024. Explanatory Note This Amendment No. 2 to Schedule 13D amends and supplements the information set forth in the Schedule 13D filed by MS & AD Insurance Group Holdings and Mitsui Sumitomo Insurance Co., Ltd. with the SEC on August 12, 2021, as amended by Amendment No. 1 thereto filed with the SEC on February 29, 2024 (the Schedule 13D). Except as set forth herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D. A capitalized terms used but not otherwise defined herein have the respective meanings ascribed to such terms in the Schedule 13D. Item5. Interest in Securities of the Issuer. (a)-(b) The information set forth in the cover page above is incorporated herein by reference. (c) During the 60-day period prior to the date of this Amendment No. 2, the Reporting Persons sold the number of shares of Common Stock indicated below pursuant to open market transactions: Date Number of Shares Average Price Per Share 5/7/24 8,162 $ 18.38 5/8/24 3,598 18.61 5/9/24 4,904 18.51 5/10/24 2,010 18.40 5/13/24 3,345 18.47 5/14/24 5,131 18.43 5/15/24 400 18.31 5/16/24 500 17.74 5/17/24 7,764 17.62 5/20/24 6,837 17.92 5/21/24 4,191 17.91 5/22/24 300 17.75 5/23/24 369 17.77 5/24/24 5,988 18.09 5/28/24 10,000 18.54 5/29/24 500 18.46 5/30/24 4,632 18.06 5/31/24 600 18.11 6/3/24 1,723 17.64 6/5/24 5,000 17.75 6/6/24 5,000 17.76 6/7/24 2,943 18.48 6/10/24 1,539 18.01 6/12/24 1,471 17.86 6/24/24 200 16.21 6/27/24 5,000 16.47 (d)(e) Not Applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. July 1, 2024 MITSUI SUMITOMO INSURANCE CO., LTD. /s/ Kiyotaka Shuto Kiyotaka Shuto Authorized Signatory

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View this SC 13D/A filing on SEC EDGAR