Hippo Holdings Inc

From time to time, the Company may become involved in litigation or other legal proceedings. The Company is routinely named in litigation involving claims from policyholders. Legal proceedings relating to claims are reserved in the normal course of business. The Company does not believe it is a party to any pending litigation or other legal proceedings that is likely to have a material adverse effect on the Company’s business, financial condition or results of operations. Regardless of outcome, litigation can have an adverse impact on the Company because of defense and settlement costs, diversion of management resources and other factors.

On November 19, 2021, the Company and Assaf Wand were named in a civil action in San Francisco Superior Court brought by Eyal Navon. On February 16, 2024, Innovius Capital Canopus I, L.P. (“Innovius”) filed an amended cross-complaint naming Mr. Navon, Hippo, and Mr. Wand as cross-defendants. The suits against the Company have been settled with no amounts paid by the Company to Innovius or Mr. Navon.