secwatch.observer — SEC 8-K summary
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Issuer:     Hippo Holdings Inc. (HIPO)
CIK:        0001828105
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001828105-23-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hippo Q4 net loss $63.1M, adj EBITDA -$47.3M; guides 2023 TGP near $1B, adj EBITDA -$147M
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- GAAP net loss $63.1M ($2.74/share) vs $60.7M loss in Q4 2021; adjusted EBITDA -$47.3M, improved from -$54.8M in Q3.
- Total Generated Premium (TGP) $234M, +44% YoY; full-year 2022 TGP $811M, in line with original guidance.
- Gross loss ratio 42%, best since IPO, down 47pp YoY; full-year GLR improved 62pp to 76% from 138% in 2021.
- Revenue $35.8M, +11% YoY; 2023 revenue guided >40% growth; cash & investments $640M at year-end.
- 2023 guidance: TGP near $1B, adjusted EBITDA -$147M, positive adj EBITDA by late 2024; Spinnaker surplus $164.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828105/000182810523000010/0001828105-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828105/000182810523000010/hippo-20230302.htm
  HTML page:      https://secwatch.observer/filing/0001828105-23-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer