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Hippo (HIPO) - 2024 Q1 - Quarterly Results
HIPOHippo (HIPO)2024-05-01 21:47

Letter to Shareholders | Q1 2024 1 Q1 2024 LETTER TO SHAREHOLDERS Letter to Shareholders | Q1 2024 2 KEY HIGHLIGHTS FROM Q1 Accelerating Top-line Growth; Favorable Mix-Shift • Consolidated TGP up 20% YoY, with Services and Insurance-as-a-Service (“IaaS”) representing 80% of TGP • Services and IaaS driving TGP growth, up 37% and 25% YoY, respectively in Q1 • Revenue up 114% YoY to $85 million; significantly better Revenue monetization in Hippo Home Insurance Program (“HHIP") Continued HHIP Loss Ratio Imp ...