Hippo reports Q4 revenue $64M (+80% YoY), net loss $42M; guides to positive Adj EBITDA in Q4 2024

Hippo Holdings Inc.

Q4 revenue $64M, up 80% YoY; full-year revenue $210M, up 75%.
Full-year TGP $1.14B, up 40% YoY; IaaS and Services now 77% of TGP mix.
HHIP accident period loss ratio improved 24pp to 64% in Q4; non-PCS loss ratio 59%.
Q4 GAAP net loss $42M (down 33%) and Adj EBITDA loss $22M (down 53%).
2024 guidance: TGP >$1.3B, revenue >$340M, Adj EBITDA loss $41-51M, positive Adj EBITDA in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hippo Holdings Inc. reported financial results for quarter and year ended December 31, 2023.

Period: quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 6, 2024 , Hippo Holdings Inc. (the “Company”) issued a shareholder letter and press release announcing certain financial results fo r the quarter and year ended December 31, 2023.

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Hippo Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001828105-24-000005

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