Reuters: Ethos Technologies Files for IPO After 55% Revenue Growth

Insurance technology startup Ethos Technologies has filed for a U.S. initial public offering (IPO), following a recent trend of insurers entering the public market. The filing follows that of fellow insurtech company Exzeo, submitted just a day prior. Ethos reported significant growth for the first half of 2025. Revenue increased by 55% to $183.7 million, accompanied by a net income of $30.7 million. This represents a substantial increase from the $118.6 million in revenue and $18.7 million in net income recorded during the same period in 2024. The number of activated policies on the Ethos platform also rose by 70% to 94,405 during the first six months of 2025. Founded in 2016 by Peter Colis and Lingke Wang, Ethos provides a technology-driven life insurance platform in the United States. A 2021 funding round led by SoftBank valued the company at $2.7 billion. Major shareholders include Sequoia Capital, Accel, and GV. The IPO will involve the sale of shares by both Ethos and its current shareholders. Goldman Sachs and J.P. Morgan are serving as the lead underwriters for the offering. Ethos Technologies intends to list on the Nasdaq stock exchange under the ticker symbol "LIFE."