earnings
confidence high
sentiment positive
materiality 0.75
Hippo Q4 TGP $163M (+53% YoY), revenue $32M (+96% YoY); 2022 guidance targets TGP $800-820M
Hippo Holdings Inc.
- Q4 net loss $60.7M ($0.11/share) vs $54.1M loss a year ago; Adj EBITDA loss $46.0M.
- Gross Loss Ratio improved to 89% from 93% in Q4 2020; 2022 target under 100% vs 138% in 2021.
- Cash and investments $840M at year-end; plans to expand into northeast states and new products.
- Appointed Grace Hanson as first Chief Claims Officer; Ran Harpaz elevated to COO while retaining CTO.
- FY2022 guidance: TGP $800-820M, revenue $140-142M, Gross Loss Ratio under 100%.