Hippo Holdings Inc

For the period ended Dec 31, 2023. Filed Mar 6, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 6, 2024

HIPO$36.29+0.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Loss

(In millions, except share and per share data)

	Year Ended December 31,
	2023	2022
Revenue:
Net earned premium	$107.5	$42.5
Commission income, net	63.4	54.3
Service and fee income	15.7	13.9
Net investment income	23.1	9.0
Total revenue	209.7	119.7
Expenses:
Losses and loss adjustment expenses	181.7	101.4
Insurance related expenses	79.1	59.9
Technology and development	47.0	57.5
Sales and marketing	80.1	101.8
General and administrative	79.6	71.5
Impairment and restructuring charges	5.5	55.3
Other income, net	(0.8)	(2.5)
Total expenses	472.2	444.9
Loss before income taxes	(262.5)	(325.2)
Income taxes expense	0.5	1.3
Net loss	$(263.0)	$(326.5)
Net income attributable to noncontrolling interests, net of tax	10.1	6.9
Net loss attributable to Hippo	$(273.1)	$(333.4)
Other comprehensive income (loss):
Change in net unrealized gain (loss) on investments, net of tax	4.1	(6.3)
Comprehensive loss attributable to Hippo	$(269.0)	$(339.7)
Per share data:
Net loss attributable to Hippo – basic and diluted	$(273.1)	$(333.4)
Weighted-average shares used in computing net loss per share attributable to Hippo - basic and diluted	23,578,922	22,747,101
Net loss per share attributable to Hippo - basic and diluted	$(11.58)	$(14.66)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.