---
schema_version: "secwatch.filing_event.v1"
accession: "0001828105-23-000081"
form_type: "8-K"
ticker: "HIPO"
cik: "0001828105"
company_name: "Hippo Holdings Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:54:35.137584+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hippo Q3 GAAP net loss $53M, adj EBITDA loss $38M; expects positive adj EBITDA before year-end 2024

## Summary
- GAAP net loss attributable to Hippo $53M; adjusted EBITDA loss $38M, Hippo's best quarter as public company.
- Revenue $58M (+88% YoY); Total Generated Premium $304M (+38% YoY).
- HHIP core gross loss ratio improved to 69% from 82% a year ago; consolidated GLR 59%.
- Guides FY2023 adj EBITDA loss $207-$212M (narrowed from $208-$218M); expects breakeven before year-end 2024.
- Announced $50-$70M cost reduction including up to 120 employee layoffs; cash and investments $558M.

## SEC filing metadata
- accession: 0001828105-23-000081
- form_type: 8-K
- ticker: HIPO
- cik: 0001828105
- company_name: Hippo Holdings Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828105/000182810523000081/0001828105-23-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828105/000182810523000081/hippo-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828105-23-000081
- JSON: https://secwatch.observer/filing/0001828105-23-000081.json
- Plain text: https://secwatch.observer/filing/0001828105-23-000081.txt

## Key facts
- Earnings Releases
  Hippo Holdings Inc. reported the quarter ended September 30, 2023 results: revenue $58M. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2023
  - Revenue: $58M
  - Guidance: reaffirmed
  - Result: reported results
  source text: losses Revenue +88% YoY Premium Retention2 +2pp 90% Q3 ‘22 Q3 ‘23 92% Total Generated Premium +38% YoY $162M $220M Q3 ‘22Q3 ‘21 Q3 ‘23 $304M $21M $31M Q3 ‘22Q3 ‘21 Q3 ‘23 $58M HHIP Core Gross Loss Ratio1 82% 69% Q3 ‘22 Q3 ‘23 -13pp YoY YoY (2) Hippo Consumer Blended Premiums Letter to Shareholders | Q3 2023 3 Q3’23: POSITIONED FOR PROFITABILITY Dear
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828105/000182810523000081/0001828105-23-000081-index.htm

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