Vivint 'Smart' Home Insurance Examined

Growing *** ********* **** *********

*** *******, ***** ***** ******** **** insurance ** ****, ******** ******* "****** 7,300 ********* ******** ** ****," (* tiny ******** ** *** *.* ******* subscribers) **** ****** ********* ******** ************* as **** ** *** ****. **************** ***** ******* **** ************** ********* *** *** **** *** years, **** *** ********* ********* **** filled ** ****, ************,*** ** ***********,** ** ******** *********, ******** ******/********** *******.

** ******** ** ****** ** **** initiative *** ***hiring ******** ********* ********** ** **** ** ***** *** *** ********* to become a managing general agent, or an MGA, which will allow us to develop specific home coverages for our customers and enable us to continue to grow smart insurance in 2022 and beyond. [emphasis added]

'$600 ******* ***********'

****** **** ** **** ** *********** to "********** ******* *** ********" *** gain * ***** ** *** $*** billion ******:

*** ******** *** ******** ****** ** a $*** ******* *********** **** *** been ******* ** ****-**** ********** ******** for *** **** *** *****. ** believe **** ** *** ** **** solution *** **** ** *** ********** disrupt *** ******** *** ***** ****** and ******** ***** *** ** *** integrated ********* ** *** ****.

** ********, ******'* **** ****** ******* was $*.* *******, */***** *** **** of *** ****** **** *** ** expand ****.

Double ****** ******* *** ****

******* **** ********* ***** ****** ******'* revenue *** ****. *** *******, ****** averages $**.** ** ******* ********* ******* per **** ********* ***** **** ********* policies ******* ***** ****** ** **** in *** $*** ** $*** ******* range. ** **** ***, *** ***** Vivint's ******** ** ****-**-**** *****, **** could ******** *********** **** ******* *** user.

Thin ******* *** **** *********, ****** ********** *** ******

*** ************* ** **** ********* ********* has **** ********* *** *** **** ten *****.** ******** ************ ****** *** **** of ******* **** ********* ********** ********* trends ** **** *** ********* ******** calls ******** ******. *** *********’* *********, these **** **** ****** *** *** past *** ***** ****** *** ********, indicating ********** ****** ******* *** **** insurance *********.

**** **** ******** ********* ********** **** a *** ********* ********* ** ****** home ********* ************* *** ******* ******’* expansion ** **** ********* ***** ************* change ***** **** *****. ** ***** that *********** *********, *** *******, ******** with * *******-**** ****** ****** ***** taxes ** ************* **%.

******, **** *** *.* ******* *********, currently ******** **** ** ****** *** loss ** $**.* ******* **** ** average ******* ********* ******* *** ******** of $**, *** *** *-* *** filing. ******* **** ********* ** ******** to *** ******* *,*** ********, ** could ***** ** ** ** ** the ******* *** **** ****** ** customers. **** **, **** ******* ** the *** ***** ** ****, ********** profits ***** *** ****** ~* ******* dollars.

A *** ********* *********, ********* ***, *** ****

****** ********* ****** ************* *******'* (***) *** ***** ********** ** October ****, ********* *** **** **** to ********** ** *** ************* *** presents ** *** ********* ********.

******'* ********* **** **** ****** *** one-hour ****, ****** ********* ** ******* events ** *** ***** *** ********* 116 ******** *****-**** ******* (******* ****** doors, ******* ****** ***, *** ***** actions **** ********* ***** ****, *** example).

****** **** *** ******* ***** *** the ******* ******* ** ******* *** large ****** ** **** ** ** collecting.

Vivint ******** **** ****** *** *******

******'* *** ***** ************ **** ******* that ***** *** ** ******* ** 14.8 ** *** ******* *** *** 1.8 ******* ***********' ***** *** **** the *******'* *** ******** ** **** per *** *** **********. *** ********* also **** ****** *** "**% ******** coverage ** *** ****."

Tenuous ******** ** **** ********* *********

*** ******* ****** **** ****** ***** are **** ***** ** ******* ***** of *********-******* ******. *** *******,*** ****** **** ******** ******* ******** ** ***** **** ******* enters * ******** *********, ***** *** company ****** ******** *****.

* ****** **** ***** ** **** prone ** ******* *****, *** *** connection ******* *** **** *** ************* disasters (***** ********** ** ******* ** tornadoes ** ********), ***** **** ************** and ********* **** ********* ***** ************* state ** *****, ** *******.

** ******* ** ** **** ** these **********, **** ******* **** *** data, ***** ******* ** **** ****** a *********** **** ********* ********.

Customer ******* ********

********* *** **** ******** ***** **** privacy, *********** ******'* ********* ******* ******* cameras, *******, ***** *****, ***********, ****** alarms, ***** ********, *** ******. ***, data **** ***** ******* **** ** available ** *** *******'* ********* *********. There *** ** ******* ** ****** the ******** **** ** *** *** presentation ******* *** ***** ** **** would ** ******** **** ********* ******.

******'* ******* ********** ******** ********** ** ******** *********** the ******* *******. **** ******** "******** information, ********** ***********, ********* ***********, ********, and ***** ******* ******* ********, *********** data, ******* ****, ************ ** **********-******* information, *** ********* ***** **** ***** personal ***********."

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