Bamboo is a homeowners insurance managing general underwriter that originates, underwrites, distributes, and services residential property insurance policies. Bamboo operates on behalf of insurance carrier partners who assume the underlying balance sheet risk, while Bamboo uses proprietary data analytics and geospatial tools to price and select properties with lower catastrophe exposure. Bamboo sells policies primarily in California and Texas, relying mainly on third-party distribution channels including independent agents, partner carrier agents, and digital point-of-sale partnerships, as well as an internal retail agency. Bamboo generates revenue through commissions earned from carrier partners based on written premium volume and through administrative policy and servicing fees paid by policyholders. The company operates primarily through its core underwriting segment alongside a small captive reinsurance vehicle that is winding down. Bamboo focuses its strategy on expanding into additional states, growing its distribution networks, and introducing new property coverage products.