Hippo Holdings Inc
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
HIPO$36.29+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In millions, except share and per share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Investments: | ||
| Fixed maturities available-for-sale, at fair value (amortized cost: $164.6 million and $127.3 million, respectively) | $161.7 | $121.1 |
| Short-term investments | 187.1 | 324.8 |
| Total investments | 348.8 | 445.9 |
| Cash and cash equivalents | 142.1 | 194.5 |
| Restricted cash | 53.0 | 50.0 |
| Accounts receivable, net of allowance of $0.5 million and $0.3 million, respectively | 145.2 | 107.2 |
| Reinsurance recoverable on paid and unpaid losses and LAE | 281.3 | 286.3 |
| Prepaid reinsurance premiums | 335.6 | 309.9 |
| Ceding commissions receivable | 73.8 | 45.8 |
| Capitalized internal use software | 48.4 | 38.8 |
| Intangible assets | 27.3 | 26.9 |
| Other assets | 69.2 | 63.6 |
| Total assets | $1,524.7 | $1,568.9 |
| Liabilities and stockholders’ equity | ||
| Liabilities: | ||
| Loss and loss adjustment expense reserve | $322.5 | $293.8 |
| Unearned premiums | 419.2 | 341.3 |
| Reinsurance premiums payable | 260.1 | 207.1 |
| Provision for commission | 24.7 | 5.0 |
| Accrued expenses and other liabilities | 113.5 | 128.2 |
| Total liabilities | 1,140.0 | 975.4 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value per share; 80,000,000 and 80,000,000 shares authorized as of December 31, 2023 and December 31, 2022, respectively; 24,148,308 and 23,201,434 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | — | — |
| Additional paid-in capital | 1,615.2 | 1,558.0 |
| Accumulated other comprehensive loss | (2.9) | (7.0) |
| Accumulated deficit | (1,234.4) | (961.1) |
| Total Hippo stockholders' equity | 377.9 | 589.9 |
| Noncontrolling interest | 6.8 | 3.6 |
| Total stockholders’ equity | 384.7 | 593.5 |
| Total liabilities and stockholders’ equity | $1,524.7 | $1,568.9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.