Hippo (HIPO) - 2023 Q3 - Earnings Call Transcript

Hippo's agency continues to have tremendous success in the builder channel, with volumes reaching another alltime high in the quarter, despite the pressures on the broader housing market. Growth was driven by higher numbers of policies placed and higher premium per policy. Our third-party premium retention rate was 97% in the quarter. As we look forward to 2024, we expect continued revenue growth and expense savings to turn our Services segment closer to positive operating income in the second half of 2024, ...