Hippo (HIPO) - 2024 Q1 - Earnings Call Transcript

We are retaining cost savings initiatives we initiated in Q4 of last year and the growth in our insurance as a service and services segments. The quarter-over-quarter improvement in adjusted EBITDA was driven primarily by realizing the full benefit of the cost saving initiatives in Q1 versus only a partial benefit last quarter, while the benefit of higher earned premium offset seasonally higher weather-related losses. As a reminder, the definition of adjusted EBITDA that we are using and have used historica ...