Hippo reports Q3 revenue $95M, consensus $94.06M

Reports Q3 down 84% from last year to $8.5M. Reports Q3 Cash and investments, excluding restricted cash, of $545M. “The positive momentum we’ve built over the past year continued in the third quarter as we took a significant step forward on our path to profitability,” said Hippo (HIPO) President and CEO Rick McCathron. “We strengthened our foundation for future growth by continuing to develop our Hippo New Homes Program and delivered our best-ever year-over-year improvement to our HHIP non-weather loss ratio–positioning us for a successful fourth quarter and sustained growth in 2025 and beyond.”