Appetite Finder Checks with Multiple Carriers to Gauge their Appetite for Specific Risk Profiles PALO ALTO, Calif., March 21, 2024 /PRNewswire/ -- First Connect Insurance Services, a digital platform designed to provide independent agents access to some of the nation's top carriers, announced today that it has partnered with Hiscox USA, and subsequently hit the 100-carrier and MGA milestone. First Connect also launched a new Appetite Finder feature today, making it easier for agents to match their client's ...

hippo E LETTER TO SHAREHOLDERS 04 2023 hippo KEY HIGHLICHTS FROM 04 Favorable Mix-Shift Driving Top-line Growth Continued HHIP Loss Ratio Improvement Generating Substantial Operating Leverage . GAAP Operating expenses, excluding loss and loss adjustment and insurance related expense, declined from 158% of revenue a year ago to 75% in Q4 Net Loss and Adjusted EBITDA continuing to improve Financial Strength Total Generated Premium in-Force $1,140M $813M $602M Q4 '21 Q4 '22 Q4'23 Revenue YoY 2 Q4'23 $64M $36M ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) Delaware 32-0662604 (State of incorpo ...

r LETTER TO SHAREHOLDERS hippo Q3 2023 KEY HIGHLIGHTS FROM Q3 +88% YoY 90% Q3 '22 Q3 '23 92% Technology and development 4.5 0.2 4.3 — 9.0 Other expenses 0.1 — — — 0.1 Less: Net investment income — (1.8) (3.9) — (5.7) Richard McCathron President & CEO Total Generated Premium $304M +38% YoY Revenue $58M +88% YoY HHIP Core GLR, ex Cats of 6%1 69% -13pp YoY Letter to Shareholders | Q3 2023 5 | --- | --- | --- | --- | |-------------------------------------------------|-------|------------------|---------| | Tota ...

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 September 30, 2023 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) 150 Forest Avenue Palo Alto, ...

Financial Data and Key Metrics Changes - The company reported a net loss attributable to Hippo of $108 million or $4.61 per share for the quarter, compared to a loss of $74 million or $3.25 per share in the prior year quarter [14] - Total generated premium (TGP) grew 56% year-over-year to $318 million, while revenue increased 66% year-over-year to $48 million [34] - Adjusted EBITDA loss was $88 million, an increase from $56 million a year ago, reflecting higher than expected weather losses [35][41] Business Line Data and Key Metrics Changes - In the Services segment, TGP was up 35% year-over-year, exceeding the full-year guidance of 30% for 2023 [15] - The Hippo Home Insurance Program segment saw TGP increase by 10% year-over-year, with a core gross loss ratio of 63% in the quarter, improving by 12 percentage points compared to the prior year [17][32] - The Insurance-as-a-Service segment experienced TGP growth of 112% year-over-year, driven by new and existing programs [31][36] Market Data and Key Metrics Changes - The company noted that 71% of new TGP came from outside its two largest states, Texas and California, indicating progress in geographic diversification [37] - The Texas exposure is now about a quarter of the book, down from over half two years ago, with deductibles having doubled over the last year [98][99] Company Strategy and Development Direction - The company aims to turn adjusted EBITDA positive by late 2024, with a focus on improving pricing, underwriting, and reducing exposure to catastrophic events [13][41] - The management emphasized the importance of innovation in the homeowners' insurance market, particularly in response to climate change and increasing weather-related risks [33][89] - The company is taking aggressive actions to mitigate future catastrophic exposure, including rate hikes and increased deductibles [39][90] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by frequent catastrophic events, indicating that some events are becoming nearly uninsurable [47] - The company remains confident in its long-term vision and believes it is well-positioned to adapt to the changing insurance landscape [30][90] - Management highlighted the need for collaboration among consumers, the industry, and regulators to address the impacts of climate change on insurance [89] Other Important Information - The company successfully sponsored its first catastrophe bond, raising $110 million, which reflects strong investor confidence in its approach [19] - The company expects revenue to increase by 49% for 2023, with TGP guidance raised to $1.1 billion [20][40] Q&A Session Summary Question: Can you quantify the level of tail events experienced this quarter? - Management indicated that they experienced 22 cat events, with over 80% of losses coming from five major events in Texas and Colorado [23] Question: What actions are being taken in response to the catastrophic events? - Management stated they are becoming more aggressive in pricing, location diversification, and underwriting actions to isolate the book from weather-related events [24] Question: How is the company managing its exposure in Texas? - Management confirmed that Texas exposure is now about a quarter of the book, down from over half, and that deductibles have doubled [98][99] Question: What is the impact of the recent catastrophic losses on future financials? - Management explained that the losses will impact the 2022 reinsurance treaty, but they are taking steps to mitigate future risks [62] Question: How is the company positioned in the current market? - Management noted that while traditional underwriters are backing off, new players are entering the market, and Hippo is well-positioned to take advantage of this shift [75]

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 June 30, 2023 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) 150 Forest Avenue Palo Alto, Cali ...

Hippo Holdings, Inc. (NYSE:HIPO) Q1 2023 Earnings Conference Call May 9, 2023 8:00 AM ET Company Participants Clifford Gallant - VP, IR Stewart Ellis - CFO & Treasurer Richard McCathron - President, CEO & Director Conference Call Participants Thomas McJoynt-Griffith - KBW Alexander Scott - Goldman Sachs Group Matthew Carletti - JMP Securities Andrew Andersen - Jefferies Pablo Singzon - JPMorgan Chase & Co. Operator Hello, everyone, and welcome to the Hippo Q1 2023 Earnings Call. My name is Chach and I'll be ...

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 Delaware 32-0662604 (State of incorporation) (I.R.S. Employer Identification No.) (650) 294-8463 (Registrant's telephone number, including area code) Not Applicable For the quarterly period ended March 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition perio ...

Hippo Holdings Inc. (NYSE:HIPO) Q4 2022 Results Conference Call March 2, 2023 5:00 PM ET Company Participants Cliff Gallant - Investor Relations Rick McCathron - President and Chief Executive Officer Stewart Ellis - Chief Financial Officer Chris Donahue - Chief Underwriting Officer Conference Call Participants Matt Carletti - JMP Securities Tommy McJoynt - KBW Alex Scott - Goldman Sachs Pablo Singzon - JP Morgan Operator Good afternoon. Thank you for attending today's Hippo Fourth Quarter ‘22 Earnings Call. ...