Hippo Holdings Inc
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
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 Statements of Operations and Comprehensive Loss
(In millions, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Net earned premium | $272.5 | $107.5 | $42.5 |
| Commission income, net | 63.6 | 63.4 | 54.3 |
| Service and fee income | 11.6 | 15.7 | 13.9 |
| Net investment income | 24.4 | 23.1 | 9.0 |
| Total revenue | 372.1 | 209.7 | 119.7 |
| Expenses: | |||
| Losses and loss adjustment expenses | 209.0 | 181.7 | 101.4 |
| Insurance related expenses | 88.8 | 79.1 | 59.9 |
| Technology and development | 30.7 | 47.0 | 57.5 |
| Sales and marketing | 51.2 | 80.1 | 101.8 |
| General and administrative | 70.7 | 79.6 | 71.5 |
| Impairment and restructuring charges | 3.6 | 5.5 | 55.3 |
| Gain on sale of business | (54.4) | — | — |
| Other income, net | (0.1) | (0.8) | (2.5) |
| Total expenses | 399.5 | 472.2 | 444.9 |
| Loss before income taxes | (27.4) | (262.5) | (325.2) |
| Income taxes expense | 1.2 | 0.5 | 1.3 |
| Net loss | $(28.6) | $(263.0) | $(326.5) |
| Net income attributable to noncontrolling interests, net of tax | 11.9 | 10.1 | 6.9 |
| Net loss attributable to Hippo | $(40.5) | $(273.1) | $(333.4) |
| Other comprehensive income (loss): | |||
| Change in net unrealized gain (loss) on investments, net of tax | 0.2 | 4.1 | (6.3) |
| Comprehensive loss attributable to Hippo | $(40.3) | $(269.0) | $(339.7) |
| Per share data: | |||
| Net loss attributable to Hippo – basic and diluted | $(40.5) | $(273.1) | $(333.4) |
| Weighted-average shares used in computing net loss per share attributable to Hippo - basic and diluted | 24,699,913 | 23,578,922 | 22,747,101 |
| Net loss per share attributable to Hippo - basic and diluted | $(1.64) | $(11.58) | $(14.66) |
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