earnings
confidence high
sentiment positive
materiality 0.80
Hippo Q2 TGP up 101% to $159M; raises FY guidance to $565M
Hippo Holdings Inc.
2022-Q2 EPS reported
-$2.88
revenue$37,900,000
- Total Generated Premium (TGP) reached $159M in Q2 2021, up 101% YoY.
- In-force TGP surpassed $500M, a 96% increase over the prior year.
- Year 1 customer retention is 88%; overall NPS of 75 vs industry 35.
- Full-year TGP guidance raised from $544M to $565M; cash on hand >$900M.
- Expanded to 3 new states, launched 2 new products and doubled MGA capacity.