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Insurance Short '25: Insurtech
5 tickers · $10.89B total market cap
Group: Insurance Short
Despite years of hype, insurtech firms have failed to prove their tech moats or underwriting edge. As interest rates normalize and capital becomes scarcer, their persistent unprofitability, weak cash generation, and regulatory friction are becoming existential threats. Meanwhile, legacy insurers are stabilizing and outperforming, highlighting the gap between story and substance.
Insurance Short '25: Insurtech tracks 5 publicly listed stocks in this theme: FTDR, HIPO, LMND, ROOT, TRUP. See the constituent table for details.
Thesis update: 2025-05-03
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Frontdoor, Inc.FTDR | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 21.79% | 13.55% | -11.64% | -9.85% | $4.36B | 20.0000 |
Lemonade, Inc.LMND | 04/29/2026 (AMC) | 04/29/2026 (AMC) | -7.07% | -13.88% | -2.29% | -4.71% | $4.15B | 20.0000 |
Trupanion, Inc.TRUP | 04/30/2026 (AMC) | 04/30/2026 (AMC) | -13.01% | -2.99% | -14.20% | -9.25% | $963.1M | 20.0000 |
Root, Inc.ROOT | 05/06/2026 (AMC) | 05/06/2026 (AMC) | -15.08% | 3.66% | 6.11% | -5.76% | $751.9M | 20.0000 |
Hippo Holdings Inc.HIPO | 04/30/2026 (AMC) | 04/30/2026 (AMC) | 4.81% | -1.74% | -8.45% | -6.92% | $672.0M | 20.0000 |
| Average | -1.71% | -0.28% | -6.09% | -7.30% | $2.18B | 20.0000 | ||
| Median | -7.07% | -1.74% | -8.45% | -6.92% | $963.1M | 20.0000 | ||
| Std Dev | 13.64% | 8.96% | 7.29% | 1.98% | $1.70B | 0.0% | ||
| Min | -15.08% | -13.88% | -14.20% | -9.85% | $672.0M | 20.0000 | ||
| Max | 21.79% | 13.55% | 6.11% | -4.71% | $4.36B | 20.0000 | ||
| % Positive Tickers | 40.00% | 40.00% | 20.00% | 0.00% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.