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Jun 30, 2021

Hippo Holdings Q2 2021 Earnings Report

Hippo's growth strategy came to life, achieving significant growth in Total Generated Premium and Total Generated Premium In-Force and increasing full year guidance.

Key Takeaways

Hippo Holdings reported a strong Q2 performance, marked by a 101% year-over-year increase in Total Generated Premium, reaching $159 million. The company also surpassed $500 million of Total Generated Premium In Force and is increasing its full year guidance for Total Generated Premium from $544 million to $565 million.

Achieved 101% YoY growth in Total Generated Premium, reaching $159 million.

Increased full year guidance for Total Generated Premium from $544 million to $565 million.

Surpassed $500 million of Total Generated Premium In Force at the end of Q2, a 96% increase over the past year.

Launched new states, products, and distribution partnerships.

Total Revenue
-$2.07M
Previous year: $11.9M
-117.4%
EPS
-$11.5
Previous year: -$50.2
-77.1%
Gross Loss Ratio
161%
Previous year: 106%
+51.9%
Net Loss Ratio
210%
Previous year: 132%
+59.1%
Gross Profit
-$2.07M
Previous year: $11.9M
-117.4%
Cash and Equivalents
$364M
Free Cash Flow
$14.9M
Total Assets
$231M

Hippo Holdings

Hippo Holdings

Hippo Holdings Revenue by Segment

Hippo Holdings Revenue by Geographic Location

Forward Guidance

Hippo is increasing its full year guidance for Total Generated Premium from $544 million to between $560 and 570 million.