Commission file number 001-39711 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, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______. HIPPO HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 32-0662604 (State of incorpo ...

Financial Data and Key Metrics Changes - The third quarter adjusted EBITDA loss was $54.8 million, including $4.7 million related to Hurricane Ian, showing an improvement from the previous quarter's loss of $55.8 million [19][23] - Revenue reached $30.7 million, up 44% from Q3 last year, indicating an acceleration in growth compared to Q2 [28] - Net loss attributable to Hippo was $129.2 million or $5.66 per share, compared to a loss of $30.9 million or $2 per share in the prior year quarter [35] Business Line Data and Key Metrics Changes - The builder business accounted for 26% of total Hippo and agency premiums in the quarter, nearly half of new business [24] - Hippo blended premium retention across both Hippo policies and agency customers was 90%, up from 89% in Q2 [12][26] - Gross loss ratio, excluding Hurricane Ian, was 58%, an improvement of 70 percentage points from the previous year [16][28] Market Data and Key Metrics Changes - The customer base reached 332,000 by quarter's end, driven by customer acquisition and retention [12][25] - Growth was noted in states like New York, North Carolina, and Massachusetts, with a focus on attracting "generation better" customers [14][26] Company Strategy and Development Direction - The company aims to achieve adjusted EBITDA profitability by late 2024 while expanding its product offerings [38] - Investments in technology and service capabilities are ongoing to drive long-term growth and enhance customer experience [20][38] - The launch of the "Book a Pro" feature for Texas customers is expected to connect homeowners with home improvement professionals [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in building a superior underwriting model despite challenges from inflation and supply chain issues [10] - The company expects Q4 2022 adjusted EBITDA loss to be below $50 million, with continued improvements anticipated thereafter [19][23] - Management highlighted the importance of maintaining discipline in underwriting and market entry strategies, particularly in Florida [43][44] Other Important Information - The company wrote off a remaining goodwill asset of $53.5 million in the quarter, reflecting market valuation concerns [35] - Total generated premium is expected to be between $790 million and $810 million for the full year, representing over 30% growth [36] Q&A Session Summary Question: How did the company fare from a customer's point of view regarding Hurricane Ian? - Management expressed satisfaction with the proactive response to customers and positive feedback received, highlighting the effectiveness of their underwriting discipline [41][42] Question: What drove the decision to write off goodwill? - The decision was based on routine testing of goodwill and market valuation concerns, as the company's stock was trading below its cash balance [54][55] Question: How does the company view the impact of economic slowdown on different business segments? - Management believes there is still significant upside in the builder channel despite a slowdown, as they are just beginning to tap into opportunities [68][69] Question: What is the company's approach to reinsurance costs and profitability? - Management noted that while the reinsurance market is hardening, their multiyear capacity with partners and improved loss ratios position them well [75][76] Question: How will sales and marketing spend be affected by growth in the builder channel? - Management indicated that sales and marketing strategies are flexible and can be adjusted based on market conditions, with a focus on maintaining customer lifetime value [86][90]

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, 2022 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, ...

Hippo Holdings Inc. (NYSE:HIPO) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Corporate Participants Cliff Gallant - Vice President, Investor Relations Assaf Wand - Executive Chairman and Founder Richard McCathron - President and Chief Executive Officer Stewart Ellis - Chief Financial Officer Conference Call Participants Matt Carletti - JMP Securities Michael Phillips - Morgan Stanley Alex Scott - Goldman Sachs Andrew Lynch - Jefferies Tommy McJoynt - KBW Operator Good afternoon. Thank you for ...

(Exact name of registrant as specified in its charter) 150 Forest Avenue Palo Alto, California 94301 (Address of Principal Executive Offices) (Zip Code) Delaware 32-0662604 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, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transitio ...

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, 2022 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, Cal ...

Financial Data and Key Metrics Changes - Total generated premium grew 25% year-over-year, reaching $154 million in Q1 2022 compared to $123 million in Q1 2021 [30] - Revenues increased by 44% year-over-year to $24 million, driven by net premiums earned and commissions [32] - Gross loss ratio improved to 76.1%, a significant reduction from 138% in 2021 [34][41] Business Line Data and Key Metrics Changes - The homebuilder business is the fastest growing and most profitable channel, with a focus on integrating insurance into the home buying process [11][12] - The company launched new products, including excess and surplus lines for earthquake and flood coverage [23] - Rate changes were implemented across 10 states, with a focus on better segmentation and pricing [25][27] Market Data and Key Metrics Changes - Growth was balanced across geographies, with two-thirds of growth occurring outside Texas and California [20] - The company launched operations in New York in late April 2022, with expectations for additional states in upcoming quarters [21] - The builder channel is expected to expand with new partnerships in the mortgage lender channels [22] Company Strategy and Development Direction - The company aims to create a nationwide, consistently profitable homeowners protection company, focusing on customer service [28] - There is an emphasis on refining pricing and underwriting models to better match price to risk [15] - The company plans to invest in marketing programs to increase brand awareness [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance of total generated premium between $800 million and $820 million [31][42] - The company is optimistic about future improvements in loss ratios due to geographic diversification and advanced pricing strategies [16][60] - Management acknowledged the challenges posed by inflation but believes their underwriting practices will mitigate risks [84] Other Important Information - Cash and investments at the end of the quarter totaled $772 million, with a strategic shift of $349 million to U.S. treasury bills [39][40] - The company is planning an Investor Day on September 6 in New York City to discuss future plans [18] Q&A Session Summary Question: Commentary on building earthquake and flood products - Management explained the decision to build products in-house to provide proper coverage for customers, while also utilizing partnerships for other programs [48] Question: Clarification on net earned premiums being flat - Management attributed the flat net earned premiums to accounting dynamics related to reinsurance treaties [50][52] Question: Expected underlying growth loss ratio for 2022 - Management confirmed expectations for continued improvement in both underlying and total loss ratios [60] Question: Impact of catastrophes on net loss ratio - Management provided details on the net reserve release and its impact on the net loss ratio [61] Question: Thoughts on inflation and its impact on homeowners - Management discussed how their underwriting practices allow them to stay ahead of inflationary pressures [84][86] Question: Update on MGA partnerships - Management highlighted the benefits of partnerships with multiple underwriting companies for better segmentation and capital structure [92][94] Question: Geographic exposure to wildfires in California - Management stated they are not overly exposed to wildfire risks, using fire line metrics to assess risk [97] Question: Stock performance and strategic considerations - Management reiterated their focus on building a valuable company and reducing loss ratios, expressing optimism for the future [100][101]

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, 2021 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 ...

Financial Data and Key Metrics Changes - Total Generated Premium grew 53% year-over-year to reach $153 million in Q4 and grew 50% year-over-year to $606 million for the full year [28] - Revenue of $32 million in Q4 was up 96% year-over-year [29] - Net loss attributable to Hippo was $60.7 million or $0.11 per share compared to a net loss of $54.1 million or $0.16 per share in the prior year quarter [41] Business Line Data and Key Metrics Changes - The gross loss ratio for Q4 was 89%, the best quarter of the year, benefiting from seasonality and reserve releases [11][32] - Catastrophic losses accounted for 25% of the gross loss ratio, with the largest event being the Marshall fire in Colorado [33] - The company expects to retain approximately 10% of the homeowners' premium that its MGA underwrites on the balance sheets of its insurance company subsidiaries [37] Market Data and Key Metrics Changes - The company is expanding its geographic presence from 37 states and plans to add major states in the northeast [9] - The partnership with home builders is the fastest-growing and most profitable channel, with significant improvements in attach rates [22][58] Company Strategy and Development Direction - The company aims to modernize home insurance and protect homeownership through technology and partnerships [8][45] - A multi-carrier strategy has been introduced to increase pricing flexibility and improve profitability [21] - The company is focused on delivering profitable growth while optimizing loss ratios [88][92] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term prospects despite challenges in the market, including inflation and catastrophic events [17][41] - The company anticipates a gross loss ratio under 100% for the full year 2022, down from 138% in 2021 [42] - Management highlighted the importance of technology in improving underwriting and customer experience [14][19] Other Important Information - The company successfully renewed its reinsurance program, expanding its panel of reinsurers from 9 to 11 [12][35] - The company is investing heavily in technology and development, with expenses increasing to $13.5 million in Q4 [39] - The company has appointed a new Chief Claims Officer to enhance claims service capabilities [16] Q&A Session Summary Question: Can you break down the gross loss ratio of 89%? - Management clarified that the large losses and PCS cat events are mutually exclusive, and the attritional loss ratio includes various factors [47][50] Question: How do you compare the profitability of builder partnerships versus financial services partnerships? - Management explained that builder partnerships are currently more profitable and have higher growth potential due to unique data integration and lower risk profiles [51][58] Question: What is the expected impact of reinsurance renewals on loss ratios? - Management indicated that the ceding commission remains similar to 2021, and they feel confident about the successful renewal despite a hardening market [94] Question: How do you expect retention to be affected by repricing actions? - Management noted that strong retention numbers indicate that customers are satisfied with the service, and they expect this to continue despite rate increases [96][99] Question: What is the expected loss ratio guidance for 2022? - Management expects significant year-over-year improvement in loss ratios, with a target of sub-100 for 2022 [92][88]

Financial Data and Key Metrics Changes - Total Generated Premium (TGP) grew 94% year-over-year to $162 million in Q3 2021, with pro forma growth of 51% year-over-year after the acquisition of Spinnaker [10][14] - Revenue increased 64% year-over-year to $21 million, driven by the growth in TGP [15] - The loss ratio improved to 128% from 155% a year ago, with catastrophic weather losses contributing 50 percentage points to the loss ratio in Q3 [10][16] Business Line Data and Key Metrics Changes - New Total Generated Premium was up 66% year-over-year to $75 million, accelerating from 53% growth last quarter [14] - Premium retention increased to 89%, contributing to top-line growth and improved loss ratio over time [15][32] Market Data and Key Metrics Changes - 63% of new Hippo homeowners' premium in the quarter came from states outside of Texas and California, up from 55% last quarter, indicating geographic diversification [14][31] - The company is seeing strong demand across various distribution channels, particularly in builder and partner channels, which represented over 20% of new premium for the first time [31] Company Strategy and Development Direction - The company is raising its full-year guidance for TGP from $560 million to a range of $600 million to $605 million, reflecting strong performance and expectations of continued momentum [10][20] - A multi-carrier strategy is being implemented to enhance underwriting flexibility and improve loss ratios [22][44] - The company is focusing on geographic diversification to reduce volatility in loss ratios over time [15][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its growth strategy despite challenges from the pandemic, climate change, and inflation [12][20] - The company believes its tech-driven operating agility positions it better than competitors in an unpredictable environment [12] Other Important Information - The company ended the quarter with cash and cash equivalents of $850 million, indicating a strong capital position [20] - Management highlighted the importance of continuous improvement and quick execution in their operating model [25] Q&A Session Summary Question: Drivers of new business growth - Management noted strong performance across distribution channels, particularly in builder and partner channels, and increased premium retention as key drivers of new business growth [30][31][32] Question: Impact of elevated marketing costs - Management reported improved marketing efficiency, generating more TGP for each dollar spent on sales and marketing, and attributed this to their unique market approach [35][36] Question: Operational changes and partnerships - Management discussed the integration of new data sources and the multi-carrier strategy as part of operational changes aimed at improving loss ratios [42][44] Question: Catastrophe losses and future expectations - Management indicated that catastrophe losses are state-specific and emphasized the importance of pricing each customer based on state conditions to achieve underwriting profit [49][52]