earnings
confidence high
sentiment negative
materiality 0.75
Hippo Q1 revenue +30% to $110M; net loss $48M from $45M LA wildfire costs, guidance reaffirms net profit by Q4'25
Hippo Holdings Inc.
2025-Q1 EPS reported
-$1.91
revenue$110,300,000
- Q1 revenue $110M (+30% YoY); net loss $48M vs $36M loss in Q1'24, with $45M LA wildfire impact.
- HHIP gross loss ratio 121% (+41pp YoY); non-PCS loss ratio improved 6pp to 53%.
- IaaS revenue $39M (+91% YoY); fixed expenses down $7M to 30% of revenue (vs 48% in Q1'24).
- Cash and investments $528M; signed $50M surplus note pending IL DOI approval, expected Q2'25.
- Guidance: net profit by Q4 2025; annual revenue run-rate >$500M by year end.