Hippo Holdings Inc.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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FY2025 · Filed Mar 5, 2026
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 Income (Loss)
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (in millions, except share and per share data) | |||
| Revenue: | |||
| Net earned premium | $380.1 | $272.5 | $107.5 |
| Commission income, net | 51.3 | 63.6 | 63.4 |
| Service and fee income | 11.8 | 11.6 | 15.7 |
| Net investment income | 25.4 | 24.4 | 23.1 |
| Total revenue | 468.6 | 372.1 | 209.7 |
| Expenses: | |||
| Losses and loss adjustment expenses | 229.9 | 209.0 | 181.7 |
| Insurance related expenses | 131.3 | 88.8 | 79.1 |
| Technology and development expenses | 32.5 | 30.7 | 47.0 |
| Sales and marketing expenses | 33.5 | 51.2 | 80.1 |
| General and administrative expenses | 67.1 | 70.7 | 79.6 |
| Impairment and restructuring charges | 5.0 | 3.6 | 5.5 |
| Gain on sale of business | (95.0) | (54.4) | — |
| Interest and other (income) expense, net | 1.0 | (0.1) | (0.8) |
| Total expenses | 405.3 | 399.5 | 472.2 |
| Income (loss) before income taxes | 63.3 | (27.4) | (262.5) |
| Income tax expense | 0.7 | 1.2 | 0.5 |
| Net income (loss) | $62.6 | $(28.6) | $(263.0) |
| Net income attributable to noncontrolling interests, net of tax | 4.9 | 11.9 | 10.1 |
| Net income (loss) attributable to Hippo | $57.7 | $(40.5) | $(273.1) |
| Other comprehensive income (loss): | |||
| Change in net unrealized gain on investments, net of tax | 4.5 | 0.2 | 4.1 |
| Comprehensive income (loss) attributable to Hippo | $62.2 | $(40.3) | $(269.0) |
| Per share data: | |||
| Net income (loss) per share attributable to Hippo | |||
| Basic | $2.28 | $(1.64) | $(11.58) |
| Diluted | $2.22 | $(1.64) | $(11.58) |
| Weighted average common shares outstanding | |||
| Basic | 25,253,520 | 24,699,913 | 23,578,922 |
| Diluted | 26,011,391 | 24,699,913 | 23,578,922 |
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