---
schema_version: "secwatch.filing_event.v1"
accession: "0001828105-24-000025"
form_type: "8-K"
ticker: "HIPO"
cik: "0001828105"
company_name: "Hippo Holdings Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:50:33.572597+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hippo Q1 revenue $85M (+114% YoY); net loss -$36M (-49%); FY TGP >$1.3B reiterated

## Summary
- Revenue $85M, up 114% YoY; TGP $294M, up 20% YoY with services/IaaS 80% of TGP.
- HHIP gross loss ratio improved 21pp to 80% from 101%; net loss ratio improved 455pp to 100%.
- GAAP S&M/T&D/G&A expenses fell to 48% of revenue from 135% YoY, down $13M absolute.
- Adjusted EBITDA loss $20M, down 62% YoY; net loss attributable to Hippo $36M, down 49%.
- Cash & investments rose to $511M, first cash flow positive quarter; Spinnaker surplus $197M.

## SEC filing metadata
- accession: 0001828105-24-000025
- form_type: 8-K
- ticker: HIPO
- cik: 0001828105
- company_name: Hippo Holdings Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1828105/000182810524000025/0001828105-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828105/000182810524000025/hippo-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828105-24-000025
- JSON: https://secwatch.observer/filing/0001828105-24-000025.json
- Plain text: https://secwatch.observer/filing/0001828105-24-000025.txt

## Key facts
- Earnings Releases
  Hippo Holdings Inc. reported the quarter ended March 31, 2024 results: revenue $85 million, net income $36 million.
  - Period: the quarter ended March 31, 2024
  - Revenue: $85 million
  - Net income: $36 million
  - Result: reported results
  source text: with Services and Insurance-as-a-Service (“IaaS”) representing 80% of TGP • Services and IaaS driving TGP growth, up 37% and 25% YoY, respectively in Q1 • Revenue up 114% YoY to $85 million; significantly better Revenue monetization in Hippo Home Insurance Program (“HHIP") Continued HHIP Loss Ratio Improvement • HHIP Q1 gross loss ratio improved 21pp YoY to 80% • Q1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828105/000182810524000025/0001828105-24-000025-index.htm

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