---
schema_version: "secwatch.filing_event.v1"
accession: "0001828105-23-000038"
form_type: "8-K"
ticker: "HIPO"
cik: "0001828105"
company_name: "Hippo Holdings Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:49:48.404808+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hippo Q1 TGP +59% YoY to $245M, core loss ratio improves, raises 2023 guidance

## Summary
- Total Generated Premium $245M (+59% YoY); revenue $39.8M (+62% YoY); in-force TGP $902M (+42% YoY).
- GAAP net loss $69.8M ($3.01/share); adjusted EBITDA loss $52.1M, including $7.5M excess weather impact.
- HHIP core gross loss ratio improved to 60% from 78% a year ago; core consolidated ratio 51%.
- Operating expenses flat YoY; cash & investments $620M; $50M share buyback launched; repurchased 15,472 shares in Q1.
- Raises FY23 TGP guidance to exceed $1B, revenue growth >45% YoY; reaffirms adjusted EBITDA loss of $147M.

## SEC filing metadata
- accession: 0001828105-23-000038
- form_type: 8-K
- ticker: HIPO
- cik: 0001828105
- company_name: Hippo Holdings Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828105/000182810523000038/0001828105-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828105/000182810523000038/hippo-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828105-23-000038
- JSON: https://secwatch.observer/filing/0001828105-23-000038.json
- Plain text: https://secwatch.observer/filing/0001828105-23-000038.txt

## Key facts
- Earnings Releases
  Hippo Holdings Inc. reported Q1 2023 results: revenue $40M, net income -$69.8 million. Guidance raised.
  - Period: Q1 2023
  - Revenue: $40M
  - Net income: -$69.8 million
  - Guidance: raised
  - Result: reported results
  source text: Core Gross Loss Ratio1 Revenue +62% YoY Premium Retention2 +3pp 89% Q1 ‘22 Q1 ‘23 92% $123M $154M Q1 ‘22Q1 ‘21 Q1 ‘23 $245M 78% 60% Q1 ‘22 Q1 ‘23 $17M $24M Q1 ‘22Q1 ‘21 Q1 ‘23 $40M -18% YoY YoY (2) Consumer Blended Premiums Letter to Shareholders | Q1 2023 3 Q1’23: EARLY EXECUTION SUCCESS Dear Shareholders, 2023 is off to an excellent start for Hippo.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828105/000182810523000038/0001828105-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.