Hippo (US:HIPO)2025-06-19 11:41Financial Performance & Targets - Hippo exceeded its aggressive financial goals since the last investor day in 2022[17] - The company is targeting Gross Written Premium of over $2 billion by 2028[50], representing a Compound Annual Growth Rate (CAGR) of 25-28% from 2025[189] - Hippo aims to achieve Adjusted Net Income exceeding $125 million by 2028[50] - The company projects an Adjusted Return on Equity of 18%+ by 2028[50] - For Q2-Q4 2025 annualized, Hippo expects an Adjusted Net Income of $28-$32 million and an Adjusted Return on Equity of 8-9%[185] Spinnaker Platform Performance - Spinnaker platform achieved a Gross Written Premium of $618 million in FY2024[57] - The platform reported a Net Loss Ratio of 39% in FY2024[57] - Spinnaker platform delivered a 25% Return on Capital in FY2024, a significant increase from 12% in FY2022[57, 59] Hippo Home Insurance Program (HHIP) - Hippo Home Insurance is rapidly increasing net earned premiums while reducing loss ratio and driving profitability[27] - Hippo Home Insurance achieved an underwriting profit before overhead of negative $81 million in 2022, which improved to negative $7 million in 2024[28] - The HHIP Gross Loss Ratio excluding PAY Reserve Release improved from 73% in 2022 to 56% in 2024[28] - HHIP Net Earned Premium as a percentage of Gross Earned Premium increased from 6% in 2022 to 69% in 2024[28]