Assaf Wand
On April 21, 2025, Assaf Wand informed the Board of Directors (the “Board”) of Hippo Holdings Inc. (the “Company” or “Hippo”) of his resignation from the Board effective April 21, 2025.
Highest-materiality recent filing
Hippo Q1 2026 net income $7M vs loss a year ago; GWP +58% to $332M; combined ratio 99.5%
Diluted EPS $0.27; adjusted diluted EPS $0.65 vs. loss of $1.91 and adjusted loss of $1.41 in Q1 2025.
Hippo Q4 EPS $0.23, adjusted $0.67; GWP up 40% to $288M
Q4 net income $6M (vs $44M in 4Q24); adjusted net income $17.6M (+20% YoY).
Hippo Q3 net income $98M vs loss $9M YoY; GWP up 33% to $311M
Diluted EPS $3.77 (GAAP); adjusted EPS $0.70; revenue $121M (+26% YoY).
Hippo expands board to 10, appoints Laura Hay and Susan Holliday as directors
Board increased from 9 to 10; Hay and Holliday appointed effective Oct 1, 2025.
Hippo posts Q2 net income of $1M; raises FY25 guidance on improved loss ratio
Gross written premium $299M (+16% YoY); revenue $117M (+31% YoY).
Hippo Holdings enters $14.5M share repurchase agreement with Lennar affiliate at $28.17/share
Repurchases 514,309 shares from Lennar affiliate at $28.17/share, a 3% discount to 3-day VWAP.
Hippo sells homebuilder distribution network to The Baldwin Group for $100M, unveils 2028 targets
Baldwin's Westwood Insurance Agency will distribute Hippo's new construction product, tripling homebuyer reach.
Hippo Holdings stockholders elect three directors, ratify Deloitte as auditor at 2025 annual meeting
Eric Feder, Sam Landman, and John Nichols elected to three-year terms with 9.8M, 8.8M, and 9.8M votes FOR respectively.
Q1 revenue $110M (+30% YoY); net loss $48M vs $36M loss in Q1'24, with $45M LA wildfire impact.
Hippo Analytics signs 26-month office lease for 6,800 sq ft in San Jose
Lease with KBSIII Almaden Financial Plaza LLC for Suite 400 at One Almaden Blvd.
Hippo co-founder and Executive Chairman Assaf Wand resigns from Board
Wand resigned from the Board effective April 21, 2025; he served as CEO until June 2022 and as Executive Chairman since then.
Hippo terminates Palo Alto lease, relocates to San Jose for cost savings
Terminated lease for 15,000 sq ft at 150 Forest Ave, Palo Alto, effective April 14, 2025.
Hippo Q4 adjusted EBITDA positive $8.5M; raises 2025 revenue guidance to $465M
Q4 revenue $102M (+58% YoY); FY2024 revenue $372M (+77% YoY).
Hippo Q3 revenue $95M (+65%), net loss down 84% to $8.5M; reiterates Q4 guidance
Revenue $95M (+65% YoY); TGP $368M (+21% YoY); Services and IaaS now 81% of TGP.
Yuval Harry ceased as Chief Revenue Officer effective Oct 11, 2024; will remain at-will employee through Mar 1, 2025 for consulting.
NYSE delists Hippo warrants due to abnormally low price; common stock unaffected
On Sept 9, 2024, NYSE notified Hippo that its warrants (HIPO.WS) are being delisted immediately due to 'abnormally low selling price' per Section 802.01D.
Hippo Q2 revenue up 88% to $90M; HHIP loss ratio improves 94pp; guides to positive EBITDA in Q4
Revenue $90M (+88% YoY); Total Generated Premium $380M (+20% YoY).
Hippo Holdings stockholders elect three directors, ratify Deloitte as auditor at 2024 annual meeting
Stockholders elected Mark Schaaf, Assaf Wand, and Sandra Wijnberg as directors for three-year terms.
Hippo Q1 revenue $85M (+114% YoY); net loss -$36M (-49%); FY TGP >$1.3B reiterated
Revenue $85M, up 114% YoY; TGP $294M, up 20% YoY with services/IaaS 80% of TGP.
On April 21, 2025, Assaf Wand informed the Board of Directors (the “Board”) of Hippo Holdings Inc. (the “Company” or “Hippo”) of his resignation from the Board effective April 21, 2025.
Mr. Harry will cease being an executive officer and Chief Revenue Officer of the Company effective as of October 11, 2024
Max materiality 0.85 · Median 0.75 · Most common event earnings