earnings
confidence high
sentiment positive
materiality 0.70
Hippo Q3 TGP up 94% to $162M; raises FY TGP guidance to $600-605M
Hippo Holdings Inc.
2021-Q3 EPS reported
-$1.77
revenue$59,100,000
- Total Generated Premium $162M (+94% YoY); revenue $21.3M (+64% YoY).
- Gross loss ratio improved to 128% from 155% YoY; attritional loss ratio 63% (-5pp).
- Net loss $30.9M ($0.08/share) vs loss $38.6M ($0.44/share) a year ago.
- FY 2021 TGP guidance raised to $600-605M from $560-570M; premium retention 89%.
- New distribution partnership with home lender PennyMac; cash & investments ~$850M.