Hippo (HIPO) 2025 Investor Day June 12, 2025 09:00 AM ET Speaker0 Good morning, everybody. Welcome to Hippo's twenty twenty five Investor Day. We're so happy to have all of you in the room as well as those watching on the webcast. I'm Andrea Collins, chief marketing officer here at Hippo, and this is the only time you'll see anybody reading from an iPad today, but we have to keep the lawyers happy. So I'm excited to hear from our outstanding leadership today and share with you all our plans for long term pr ...

Introduces 2028 financial targets of gross written premium greater than $2 billion, adjusted net income greater than $125 million, and adjusted ROE greater than 18% Announces a strategic partnership with The Baldwin Group's subsidiary, Westwood Insurance Agency to significantly expand the reach of Hippo's New Homes business Details strategic framework designed to deliver attractive returns through a diversified portfolio of risk anchored in core home offeringSAN JOSE, Calif., June 12, 2025 /PRNewswire/ -- ...

Hippo (HIPO) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Mark Olson - Director of Corporate CommunicationsRichard McCathron - President, CEO & DirectorGuy Zeltser - CFOAndrew Andersen - Equity Research Vice President Conference Call Participants None - Analyst Operator Good afternoon. Thank you for attending the Hippo First Quarter twenty twenty five Holdings Call. My name is Cameron, and I'll be your moderator for today. All lines will be muted during the presentation portion of the ...

Hippo (HIPO) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Speaker0 Good afternoon. Thank you for attending the Hippo First Quarter twenty twenty five Holdings Call. My name is Cameron, and I'll be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. And I would now like to pass the conference over to your host, Mark Olson, Director of Communications. You may proceed. Speaker1 Thank you, operator. Good aftern ...

SAN JOSE, Calif., May 7, 2025 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended March 31, 2025."We delivered on two of our most important objectives as a company. We proactively supported customers affected by the Los Angeles wildfires and further advanced the key long-term value drivers in our business," said Hippo President and CEO Rick McCathron."Our homebuilder channel, whi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______. Commission file number 001-39711 HIPPO HOLDINGS INC. (Exact name of registrant as specified in its charter) One Almaden Blvd., Suite 400 San ...

hippo ES 01 2025 LETTER TO SHAREHOLDERS Loss Ratios Higher YoY, driven by the LA wildfires Letter to Shareholders | 01 2025 hippo KEY HIGHLIGHTS FROM 01 Top-line Growth Continues Improving Operating Leverage Investments in operational efficiencies continued to pay . off as fixed expenses (S&M, T&D, and G&A) declined by $7m while revenue increased by $25m YoY, resulting in an 18pp decrease YoY in these costs as a percentage of revenue, from 48% of revenue in Q1'24 to 30% in Q1'25 Underlying improvement in pr ...

Financial Results Announcement - Hippo will release its first quarter financial results after market close on May 7, 2025 [1] - A conference call and live webcast for analysts and investors will take place at 5:00 PM ET / 2:00 PM PT on the same day [1][3] - A shareholder letter with the financial results will be available on the company's investor relations website prior to the conference call [1] Investor Day - The company will host an Investor Day on June 12, 2025, in New York City [2] - The event will feature presentations and Q&A sessions with Hippo's senior management regarding long-term growth strategy and financial goals [2] - Attendance is by invitation only, with more information to be provided closer to the event date [2] Company Overview - Hippo focuses on proactive home protection, safeguarding customers' financial assets through real-time data and a suite of home services [3] - Operating subsidiaries include Hippo Insurance Services, Hippo Builder Insurance Agency, Hippo Home Care, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Wingsail Insurance Company [3] - Hippo Insurance Services and Hippo Builder Insurance Agency are licensed property casualty insurance agents with products underwritten by various affiliated and unaffiliated insurance companies [3]

Financial Data and Key Metrics Changes - In Q4 2024, Hippo achieved positive adjusted EBITDA of $8.5 million, a $31 million improvement year-over-year [29] - Revenue for Q4 2024 increased 58% year-over-year to $102 million, up from $64 million in Q4 of the previous year [23] - Q4 net income was positive $44 million, an $86 million improvement compared to Q4 of last year [28] Business Line Data and Key Metrics Changes - The total generated premium (TGP) grew by 10% year-over-year to $295 million, driven by a 22% increase in the Insurance as a Service segment [22] - The Hippo home insurance program segment experienced an expected decline of 8% due to efforts to manage exposure to high catastrophe geographies [23] - The HHIP gross loss ratio improved to 50%, while the HHIP non-PCS loss ratio improved to 43%, reflecting significant operational changes [25] Market Data and Key Metrics Changes - The company reported a gross loss ratio of 73% for the full year 2024, with a non-cat PCS loss ratio of under 45% in Q4 [15] - The HHIP/PCS cat loss ratio was 7% during Q4, an increase of 17 percentage points year-over-year, primarily due to prior accident period reserve releases [26] Company Strategy and Development Direction - Hippo is focused on expanding its network of partners and enhancing relationships with existing partners, particularly in the new homes channel [17] - The company aims to turn net income profitable by the end of 2025, with a revenue guidance increase to $465 million for 2025 [31] - The strategic focus includes maintaining high-quality underwriting standards while exploring new program opportunities [62] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of recent wildfires in California, estimating pretax catastrophe losses of approximately $42 million, but emphasized that these losses were primarily from legacy policies [11][12] - The company remains optimistic about its position in 2025, expecting substantial improvements in operating income despite short-term impacts from the wildfires [18] - Management expressed confidence in achieving continued improvements in gross and net loss ratios in 2025 [32] Other Important Information - The company announced a leadership change, with Guy Zeltser appointed as the new Chief Financial Officer effective March 10 [36] - Hippo's cash and investments increased by $25 million to $571 million, driven by positive cash flow and proceeds from the sale of a majority stake in First Connect [30] Q&A Session Summary Question: Strategy behind the sale of Eaton Fire subrogation rights - Management confirmed the sale was not due to liquidity needs but rather a strategic decision based on current market conditions and potential recovery values [41][42] Question: Impact of early-year catastrophe loss event on reinsurance protection - Management indicated that the losses barely impacted the existing reinsurance structure, which remains intact [44][46] Question: Guidance for full year 2025 on bottom line basis - Management stated that detailed guidance would be provided during the upcoming Investor Day event on June 12 [48][50] Question: Update on California exposures and derisking efforts - Management reassured that losses from recent fires did not affect the new home business and emphasized ongoing efforts to reduce concentration exposures [56][58] Question: Competitive environment in Insurance as a Service and growth outlook - Management expressed confidence in the quality of their programs and partnerships, indicating a strong pipeline for growth [62][64] Question: Sales and marketing spend and seasonality into 2025 - Management highlighted improved efficiency in spending and indicated a disciplined approach to future marketing investments [68][70]

Hippo Holdings Inc. (NYSE:HIPO) Q4 2024 Earnings Conference Call March 6, 2025 8:00 AM ET Company Participants Mark Olson - Director, Corporate Communications Richard McCathron - President and Chief Executive Officer Stewart Ellis - Chief Financial Officer Conference Call Participants Thomas McJoynt-Griffith - KBW Andrew Andersen - Jefferies Operator Hello, and welcome, everyone, to the Hippo's Fourth Quarter '24 Earnings Call. My name is Maxine, and I'll be coordinating the call today. [Operator Instructio ...