Hippo Q2 2022: Gross loss ratio improves to 78%; guides below 90% for FY; CEO transitions to Richard McCathron

Hippo Holdings Inc.

2022-Q2 EPS reported -$0.25 revenue$53,200,000

Q2 TGP $204M, +29% YoY; revenue $29M, +37% YoY.
Q2 Gross Loss Ratio 78% vs 161% prior year; full-year guidance improved to below 90% from 100%.
CEO Assaf Wand steps down, becomes Executive Chairman; Richard McCathron appointed CEO.
Cash and investments $732M; expanded into NY, MA, NC.
FY2022 guidance: TGP $790-810M (down from $800-820M), revenue $119-121M (down from $140-142M).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.