Hippo Hldgs Inc Stock Price, News & Analysis

Hippo (NYSE: HIPO) unveiled its strategic roadmap and 2028 financial targets at its 2025 Investor Day, highlighting its evolution from a monoline homeowners insurance carrier to a diversified hybrid fronting platform. The company announced ambitious 2028 targets including gross written premium exceeding $2 billion, adjusted net income over $125 million, and adjusted ROE above 18%. A key announcement was a strategic partnership with The Baldwin Group, where Hippo will distribute its new construction homeowners product through Baldwin's Westwood Insurance Agency network, tripling its access to new construction homebuyers. Baldwin will acquire Hippo's homebuilder distribution network for $100 million, while Hippo's Spinnaker platform will expand its support of Baldwin's MGA programs. The company's strategy focuses on diversifying premium mix, capitalizing on home insurance market growth, and optimizing risk management across business lines.

Hippo (NYSE: HIPO) reported its Q1 2025 financial results, showing revenue growth of 30% YoY to $110M. The company's homebuilder channel drove a 35% YoY increase in gross written premium, while written premium outside the Hippo Home Insurance Program grew 21% YoY. However, the LA wildfires significantly impacted results, with the HHIP Gross Loss Ratio reaching 121% (41pp increase YoY). The company reported a Q1 net loss of $48M, up $12M YoY, largely due to wildfire impacts ($45M). Operating efficiency improved with fixed expenses declining by $7M while revenue increased by $25M YoY. Hippo announced signing a $50M surplus note agreement to support growth of diversified product lines. The company ended Q1 with $528M in cash and investments and will hold an Investor Day on June 12, 2025, in New York City.

Hippo (NYSE: HIPO), the home insurance group, has scheduled two key investor events. The company will release its first quarter financial results on Wednesday, May 7, 2025, after market close, followed by a conference call and webcast at 5:00 PM ET/2:00 PM PT. A shareholder letter will be available on the company's investor relations website before the call.

Additionally, Hippo will host an Investor Day on Thursday, June 12, 2025, in New York City. The invitation-only event will feature presentations and Q&A sessions with senior management, focusing on the company's long-term growth strategy and financial objectives.

Hippo (NYSE: HIPO) reported strong Q4 2024 financial results, achieving $8.5 million in positive adjusted EBITDA and $102 million in Q4 revenue, up 58% year-over-year. Full-year 2024 revenue increased 77% to $372 million.

The company posted Q4 net income of $44 million, compared to a $42 million loss in Q4 2023, aided by a $46 million gain from First Connect's sale. The Hippo Home Insurance Program (HHIP) showed significant improvement with Q4 gross loss ratio dropping to 50%, while fixed expenses decreased by $8 million despite revenue growth.

However, Hippo faces an estimated $42 million in catastrophe losses from January Los Angeles wildfires, with $30 million attributed to HHIP and $12 million to non-Hippo programs. The company maintains strong financial position with $571 million in cash and investments, and Spinnaker surplus of $204 million.

Hippo (NYSE: HIPO), a home insurance group specializing in proactive home protection, has scheduled its fourth quarter financial results announcement for March 6, 2025. The results will be released before the market opens, followed by a conference call and live webcast at 8:00 AM ET/5:00 AM PT.

A shareholder letter containing financial results will be available in the investor relations section of Hippo's website before the conference call. Investors and analysts can access the conference via phone (+1 833 470 1428) or webcast. A replay will be available afterward on the company's investor relations website.

Hippo (NYSE: HIPO) released its third annual Housepower Report, revealing significant trends in homeownership for 2025. The survey of 2,000+ U.S. homeowners showed that 46% spent over $5,000 on unexpected repairs in 2024, up from 36% in 2023. The report highlighted that 83% of homeowners faced unexpected repairs, nearly double from 2023's 46%.

Key findings include: 47% of homeowners are creating emergency plans for 2025, 42% plan to review their insurance coverage, and 55% intend to do more DIY maintenance. Notably, 73% of homeowners reported purchase regrets in 2024, up from 63% in 2023. Weather-related concerns increased, with 42% reporting flood risks and 35% citing wildfire risks. The study also revealed that 59% of homeowners are considering moving in 2025 to better align with their financial goals.

Hippo (NYSE: HIPO) has appointed Andrea Collins as Chief Marketing Officer. Collins, who previously served as Hippo's Vice President of Marketing from 2017 to 2022, returns with over 20 years of marketing experience. Prior to rejoining Hippo, she held CMO positions at Cowbell and Flyhomes, where she achieved significant improvements in top-line growth and customer acquisition costs.

During her initial tenure at Hippo, Collins was instrumental in developing the company's marketing strategy, building the brand, and helping take the company public. In her new role, she will focus on elevating Hippo's market presence and expanding the New Homes Program, which provides homebuilders with embedded insurance solutions.

Centana Growth Partners has acquired a majority stake in First Connect Insurance Services, formerly a subsidiary of Hippo Holdings (NYSE: HIPO), with an initial investment exceeding $b>$60 million. The investment, supported by Pruven Capital, Cota Capital, and Cross Creek, aims to accelerate First Connect's product growth and market expansion. Aviad Pinkovezky will continue as President and has been named CEO.

First Connect operates a tech-driven platform connecting independent insurance agents with carriers, streamlining the process of carrier appointment and policy quoting. The platform features a Carrier Store with over 100 carriers and MGAs, an Appetite Finder tool, and AI-driven validation for E&O documents, reducing compliance approval times from weeks to minutes.

Hippo (NYSE: HIPO) reported strong Q3 2024 financial results with revenue up 65% YoY to $95 million. The company's consolidated Total Gross Premium (TGP) increased 21% YoY, with Services and Insurance-as-a-Service representing 81% of TGP. Q3 net loss decreased 84% YoY to $8.5 million, while adjusted EBITDA loss improved 81% YoY to $7.5 million. The company maintained strong financial position with $545 million in cash and investments. Hippo also announced the sale of a majority stake in First Connect Insurance Services to Centana Growth Partners while maintaining a minority position.