Hippo Q1 TGP $154M (+25% YoY), Gross Loss Ratio 76% vs 198%; net loss $67.6M

Hippo Holdings Inc.

2022-Q1 EPS reported -$0.12 revenue$24,500,000

TGP grew 25% YoY to $154M; revenue up 44% to $24M; full-year guidance reaffirmed.
Gross Loss Ratio improved to 76% from 198% YoY, including 19 pts of catastrophe losses; expects full-year below 100%.
Net loss attributable to Hippo $67.6M ($0.12/sh) vs $195.2M loss; Adjusted EBITDA loss $48.5M.
Cash and investments $772M; launched in New York in late April; plans Investor Day Sept 6, 2022.

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