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Mar 31, 2025
Hippo Holdings Q1 2025 Earnings Report
Estimated Revenue:$105M
+20.7% YoY
Estimated EPS:-$1.61
17.3% YoY
Key Takeaways
Hippo reported strong top-line growth in Q1 2025, with revenue increasing 30% year-over-year, driven by significant growth in their Insurance-as-a-Service segment. However, net loss increased due to the impact of the Los Angeles wildfires, which significantly affected loss ratios. The company also highlighted improving operating leverage and a strong financial position, including a pending $50 million surplus note.
Revenue increased 30% year-over-year to $110 million.
Insurance-as-a-Service revenue grew 91% year-over-year.
HHIP Gross Loss Ratio was 121%, significantly impacted by the LA wildfires.
Net Loss attributable to Hippo increased to $48 million, with the LA wildfires contributing $45 million.
Forward Guidance
The company plans to hold an Investor Day to outline its strategic direction and long-term financial targets. They also expect to close a $50 million surplus note in Q2 2025 to support growth.
Positive Outlook
- Investor Day planned to discuss future strategy and targets.
- Agreement signed to raise a $50 million surplus note.
- Surplus note expected to close in Q2 2025.
- Incremental capital to support growth of diversified product lines.
- High interest in surplus note demonstrates investor trust and enthusiasm.
Challenges Ahead
- No specific negative forward-looking statements were provided in the report.
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