earnings
confidence high
sentiment positive
materiality 0.80
Hippo Q4 adjusted EBITDA positive $8.5M; raises 2025 revenue guidance to $465M
Hippo Holdings Inc.
- Q4 revenue $102M (+58% YoY); FY2024 revenue $372M (+77% YoY).
- Q4 net income $44M vs loss $42M in Q4'23; gain on First Connect sale contributed $46M.
- Q4 adjusted EBITDA $8.5M vs loss $22M in Q4'23; HHIP gross loss ratio improved 3pp to 50%.
- Raises 2025 revenue guidance to $465M (from $420-450M); targets positive net income by Q4 2025.
- Preliminary estimate of $42M pre-tax catastrophe loss from LA wildfires in Jan 2025, net of reinsurance.