Ethos Technologies, a next-generation insurtech provider focused on life insurance, has filed with the SEC for an initial public offering (IPO). The company intends to list its Class A common stock on the Nasdaq under the ticker symbol LIFE, joining several peers in the life insurance sector that have gone public in New York this year.
Company Mission
Ethos Technologies aims to make life insurance more affordable, accessible, and straightforward for Americans. Its technology platform streamlines the insurance value chain—covering distribution, underwriting, activation, payments, and administration—designed to reduce inefficiencies and expand consumer access.
Financial Highlights
- Revenue Growth: Revenue increased 55% in the first half of 2025, according to the SEC filing.
- Profitability: For the six months ending June 30, Ethos Technologies reported net income of $30.7 million on $183.7 million in revenue, compared with $18.7 million in net income on $118.6 million in revenue during the same period in 2024.
- IPO Proceeds: The company has filed to raise over $100 million. Final terms, including the number of shares offered and the expected price range, have not yet been disclosed.
Prime Unicorn Index Context
Ethos Technologies was last valued at approximately $2.4 billion by the Prime Unicorn Index. Its most recent fundraising was a $100 million Series D in July 2021, which valued the company at $2.7 billion and priced shares at $45.62 (adjusted for a 7-to-1 reverse split).
- Current Valuation (secondary transactions): $2,444,078,523.48
- Current Share Price: $40.32*
- Last Round: $100M Series D (July 2021) | Valuation: $2.7B | Share Price: $45.62*
(*Adjusted for reverse split)