---
schema_version: "secwatch.filing_event.v1"
accession: "0001828105-23-000069"
form_type: "8-K"
ticker: "HIPO"
cik: "0001828105"
company_name: "Hippo Holdings Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:42:20.569661+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hippo Q2: core GLR improves to 63% but cat losses of $51M drive net loss $108M

## Summary
- GAAP net loss $108M ($4.61/share); adj EBITDA loss $88M, vs $74M and $56M year-ago.
- Core HHIP gross loss ratio improved to 63% from 75% YoY, but PCS cat losses of $110M gross/$51M net weighed on results.
- FY2023 adj EBITDA guidance cut to $(208-218)M loss from $(147)M, citing cat losses; still targeting positive adj EBITDA by end of 2024.
- TGP grew 56% YoY to $318M; revenue up 66% to $48M; operating expenses as % of revenue improved to 159% from 248%.

## SEC filing metadata
- accession: 0001828105-23-000069
- form_type: 8-K
- ticker: HIPO
- cik: 0001828105
- company_name: Hippo Holdings Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828105/000182810523000069/0001828105-23-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828105/000182810523000069/hippo-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828105-23-000069
- JSON: https://secwatch.observer/filing/0001828105-23-000069.json
- Plain text: https://secwatch.observer/filing/0001828105-23-000069.txt

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