Ethos files for IPO
Life insurance startup Ethos Life <i class="fa fa-info-circle company-popover" data-content=" Ethos Life Founded: 2016 Headquarters: Austin, Texas, United States Total Funding: $413.96M See full company profile “> filed for a US initial public offering. The San Francisco-based company had net income of $30.7 million on revenue of $183.7 million for the first six months of…
Life insurance startup
Ethos Life <i class="fa fa-info-circle company-popover" data-content="
Ethos Life
| Founded: | 2016 |
|---|---|
| Headquarters: | Austin, Texas, United States |
| Total Funding: | $413.96M |
| See full company profile |
“>
filed for a US initial public offering.
The San Francisco-based company had net income of $30.7 million on revenue of $183.7 million for the first six months of the year, compared with net income of $18.7 million on revenue of $118.6 million in the same period last year.
The company says that it issued over 450k policies since launching.
The company’s DTC channel generated revenue of $119 million and $174 million, accounting for 75% and 68% of its total revenue for the years ended December 31, 2023 and 2024, respectively. The third-party channel (agencies) generated revenue of $41 million and $81 million, accounting for 25% and 32% of its total revenue for the years ended December 31, 2023 and 2024, respectively.
Founded in 2016, Ethos publicly disclosed $414 million in funding and was last valued at $2.7 billion.
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