|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.03 - 14.65|
|52 Week Range||12.43 - 16.11|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||12.61|
|Forward Dividend & Yield||0.71 (4.97%)|
|Ex-Dividend Date||Sep 28, 2020|
|1y Target Est||N/A|
Mitsui Sumitomo Insurance Company, a subsidiary of Japan's MS&AD Insurance Group, will invest $350 million in U.S. home insurance technology company Hippo Enterprises to fund its next stage of growth, the companies said in a joint statement on Tuesday. Mitsui bought a convertible note in Hippo that will turn into an equity stake the next time it raises new funds, Hippo Chief Executive Officer Assaf Wand told Reuters in an interview. MS&AD's venture arm was part of Hippo's Series E funding round that was announced in July, and the new investment - which is accompanied by a plan to sign a reinsurance agreement with Mitsui Sumitomo - builds on that partnership.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mitsui Sumitomo Insurance Company, Limited (MSI) and Aioi Nissay Dowa Insurance Company, Limited (ADI) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.