February 2022 Investor Presentation
Investor Presentation
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Disclaimer
This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding possible or assumed future results of operations, business strategies, development plans, regulatory activities, competitive position, potential growth opportunities, & the effects of competition are forward-looking statements. These statements involve known & unknown risks, uncertainties & other important factors that may cause actual results, performance or achievements of
The Company's presentation also contains estimates, projections, & other information concerning the Company's industry, the Company's business & the markets for certain of the Company's products & services, including data regarding the estimated size of those markets. Information that is based on estimates, forecasts, projections, market research, or similar methodologies is inherently subject to uncertainties & actual events or circumstances may differ materially from events & circumstances reflected in this information. Unless otherwise expressly stated, the Company obtained this industry, business, market & other data from reports, research surveys, studies & similar data prepared by market research firms & other third parties, from industry, general publications, & from government data & similar sources.
The Company presents Adjusted EBITDA as a non-GAAP measure, which is not a substitute for or superior to, other measures of financial performance prepared in accordance with
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Our vision
Become the largest online source of insurance policies
by using data and technology to make insurance simpler, more affordable and personalized, ultimately reducing cost and risk.
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Key Investment Highlights
Insurance Marketplace Leader
Leadingmulti-vertical online insurance marketplace providing compelling benefits for consumers and insurance providers
Massive Market Opportunity
Proprietary Tech and Data
Proprietary platforms built on highly integrated machine learning assets support rapid growth and drive network effects
Extensive Distribution
Extensive distribution channels with third-partymarketplace (carriers and local agents) and first-partyDTCA offerings
Diversified Business Model
Multi-vertical insurance market with diversified distribution channels creates resilience in business model
Compelling Financial Model
Targeting 20+% average annual revenue growth over thelong-termwith expanding Adjusted EBITDA margin2
2. Based on the compound annual growth rate (CAGR) from 2016 - 2021 of Revenue and Adjusted EBITDA of 28% and 37%, respectively. Company anticipates industry headwinds will result in current year growth below long-term targets.
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Company Snapshot
- One of the insurance industry's largest online customer acquisition and distribution platforms
- 3rd party Marketplace with 100+ carriers and 8,500+ local agents; 1st party DTCA platform with 200+ agents
- Diversified model serving consumers and providers in the auto, home & renters, life and health insurance markets
- Highly scalable, proprietary platform powered by deeply integrated machine learning and data assets
- Founded by
MIT alumni in 2011 with headquarters inCambridge, MA ; IPO in summer 2018
28% |
31% |
95% |
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Revenue |
VMM2 |
Non-Auto3 |
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CAGR (5yr)1 |
CAGR (5yr)1 |
CAGR (5yr)1 |
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3.8x |
4.4x |
3.4x |
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YoY DTCA4 |
YoY DTCA4 |
YoY DTCA4 |
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revenue growth |
policy growth |
agent growth |
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Insurance verticals
Home & Renters |
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Auto |
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LifeHealth
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Based on the compound annual growth rate (CAGR) from 2016 - 2021; |
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"VMM" refers to Variable Marketing Margin |
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"Non-auto" refers to non-auto insurance verticals |
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Year-over-year increase based on 2021 over 2020 for combined DTCA operations; policy growth based on policies submitted and agent growth based on average within the |
period. |
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AM Best Affirms Credit Ratings of Compañía Internacional de Seguros, S.A.
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