Lori Dickerson Fouché
About Lori Dickerson Fouché
Independent Class II director at Hippo (since May 2021), age 55. Former CEO of TIAA Financial Solutions and senior executive at Prudential, Fireman’s Fund, and Chubb, bringing deep insurance and financial services expertise. Holds an MBA from Harvard Business School and a bachelor’s degree from Princeton University. Serves as an independent director under NYSE rules; not part of management and no family relationships with executives/directors disclosed .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| TIAA Financial Solutions | Chief Executive Officer | Aug 2018 – Dec 2020 | Led TIAA’s retail-facing business |
| Prudential Financial | Various senior roles | Jul 2013 – Jul 2018 | Senior leadership in large, regulated insurer |
| Fireman’s Fund Insurance Company | President & CEO | Feb 2006 – Jun 2013 | P&C carrier leadership |
| Chubb Specialty Insurance | Senior Vice President | Aug 2002 – Feb 2006 | Specialty underwriting leadership |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| The Kraft Heinz Company | Director | Current | Public company board |
| Gusto | Director | Current | Private company board |
| Princeton University | Board of Trustees | Current | Trustee |
Board Governance
- Committee assignments and chair roles:
- Chair, Nominating & Corporate Governance Committee (NCG)
- Independence: Board determined Ms. Fouché is independent under NYSE rules .
- Attendance and engagement:
- Board met 10 times in 2024; each director attended at least 75% of Board and applicable committee meetings .
- NCG Committee (which she chairs) met 4 times in 2024 .
- Board structure and oversight context (signals for investors):
- Separated Chair/CEO roles; Chair to be independent (Wijnberg) post-2025 meeting; executive sessions held regularly without management and at least annually with only independent directors .
- Anti-hedging policy prohibits directors from engaging in hedging transactions; clawback policy compliant with NYSE/Section 10D effective Oct 2, 2023 .
- Board skills matrix (Hippo-assessed): Executive/C‑Suite, Public Co. Governance, Financial Literacy, Marketing/Sales/BD, Risk Management, Insurance industry .
Fixed Compensation (Non‑Employee Director)
| Component | Policy/Program Amount | Ms. Fouché 2024 Actual |
|---|---|---|
| Annual cash retainer | $60,000 per year | $60,000 |
| NCG Committee Chair fee | $8,000 per year | $8,000 |
| Other committee member fees (if applicable) | $4,000 (NCG member), $6,000 (Comp member), $10,000 (Audit member) per year | $0 (not disclosed as member on other committees) |
| Lead Independent Director premium | $22,500 per year (if applicable) | $0 (not applicable) |
| Total cash fees | — | $68,000 |
Notes:
- No meeting fees disclosed; director fees paid quarterly in arrears .
Performance Compensation (Director Equity)
| Equity Element | Structure | 2024 Amount/Design |
|---|---|---|
| Annual RSU Award | $110,000 grant value using 30‑day average price; granted at Annual Meeting; vests in full on earlier of first anniversary or immediately prior to next Annual Meeting, subject to service | 2024 stock award grant-date fair value $102,852 |
| Change in Control | All director equity vests in full upon a Change in Control | Policy provision |
Notes:
- Director equity is service‑based; no performance metrics are attached to director awards .
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Current public company boards | The Kraft Heinz Company |
| Current private/non‑profit boards | Gusto (private); Princeton University Board of Trustees |
| Interlocks/Conflicts | Compensation Committee Interlocks: none reported in 2024; no disclosed related‑party transactions involving Ms. Fouché – |
Expertise & Qualifications
- Education: MBA (Harvard Business School); BA (Princeton University) .
- Domain expertise: senior leadership across insurance and financial services; risk management and governance; financial literacy .
- Board qualifications: independent director; chairs NCG; capable of oversight of governance frameworks and board composition .
Equity Ownership
| Item | Amount/Status |
|---|---|
| Total beneficial ownership (common shares) | 11,276 shares; less than 1% of outstanding |
| Stock awards outstanding at year‑end (RSUs) | 5,801 units (aggregate unvested stock awards outstanding at 12/31/2024 for each non‑employee director listed) |
| Options outstanding | None |
| Ownership guidelines | Non‑employee directors must own ≥5x annual retainer within 5 years of later of election or July 27, 2023; company states covered individuals are either compliant or within the allowed window |
| Hedging/Pledging | Hedging prohibited for directors and entities they control (policy); no pledging disclosures noted |
Insider Trades (Form 4 summary)
| Period | Notable disclosures |
|---|---|
| FY2024 Section 16 compliance | Company reported certain late Form 4s for specified officers due to administrative error; no delinquent filings identified for Ms. Fouché in 2024 |
Governance Assessment
- Strengths supporting investor confidence:
- Independent director with deep insurance and financial services leadership; brings relevant risk and governance experience .
- Chairs NCG (key for board refreshment, evaluations, and governance policy), indicating high engagement and influence on board effectiveness .
- Meets independence standards; Board uses regular executive sessions and maintains separated Chair/CEO roles, improving oversight .
- Anti‑hedging and clawback policies in place; director ownership guidelines at 5x retainer promote alignment over time .
- Attendance threshold met in 2024; NCG met four times, supporting active governance .
- Watch items / potential risks:
- Beneficial ownership modest in absolute terms as of April 1, 2025 (typical for non‑employee directors), though ongoing annual RSU grants and ownership guidelines should build alignment over time .
- Related‑party transactions exist at the company level (Lennar affiliates); oversight sits with the Audit, Risk & Compliance Committee, not her committee; no involvement by Ms. Fouché disclosed .
- Hippo remains an Emerging Growth Company; reduced executive comp disclosures and no required Say‑on‑Pay vote may limit some external feedback loops, though this is company‑wide and not specific to Ms. Fouché .
No red flags specific to Ms. Fouché were disclosed in the latest proxy: no related‑party dealings, no compensation interlocks, independence affirmed, and attendance thresholds met .