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Hippo Holdings (HIPO)
NYSE:HIPO
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.51Last Year’s EPS
-1.47Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -12.77%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong positive sentiment with significant achievements in revenue growth, profitability, and operational efficiency. The company successfully navigated through challenges such as the wildfires and legacy portfolio issues, and remains optimistic about future growth and profitability.Company Guidance
During Hippo's fourth quarter 2024 earnings call, the company provided optimistic guidance for 2025, emphasizing their goal of achieving net income profitability by the end of the year. Despite a $42 million pretax loss from Los Angeles wildfires, Hippo reported a strong Q4 2024, achieving an adjusted EBITDA of $8.5 million and a revenue run rate of approximately $410 million. For 2025, Hippo raised its revenue guidance to $465 million, indicating a projected annual growth rate of 25% and 27% when excluding the First Connect platform. The company improved its HHIP gross loss ratio to 73% for 2024, with a non-cat loss ratio below 45% in Q4, and expects further improvement in 2025. Hippo also saw a 10% year-over-year increase in total generated premium, reaching $295 million, driven by a 22% growth in their Insurance as a Service segment. Additionally, sales and marketing, technology, and general administrative expenses decreased by 19% year-over-year, reflecting an increased operating efficiency.Record-Breaking Year and Quarter
2024 was declared the most successful year and quarter in Hippo's history. The company achieved positive adjusted EBITDA in Q4, doubled annual revenue, and improved gross loss ratio by nearly 30 percentage points.
Positive Adjusted EBITDA
Hippo achieved a positive adjusted EBITDA of $8.5 million in Q4 2024, ahead of guidance, marking a significant milestone for the company.
Revenue Growth
Revenue grew by 58% year-over-year to $102 million in Q4 2024, driven by higher premium retention and volume increases across segments.
Improved Loss Ratios
HHIP gross loss ratio improved by three percentage points year-over-year to 50%, with the non-PCS loss ratio improving by 20 percentage points to 43%.
Spinnaker Fronting Business Growth
The Insurance as a Service segment grew by 22% year-over-year, demonstrating consistent long-term growth and profitability.
Future Guidance
2025 revenue guidance raised to $465 million, with expectations to turn net income profitable by Q4 2025.
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HIPO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HIPO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $29.59 | $30.28 | +2.33% |
| Nov 08, 2024 | $23.62 | $28.15 | +19.18% |
| Aug 08, 2024 | $15.57 | $19.90 | +27.81% |
| May 02, 2024 | $21.97 | $18.97 | -13.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hippo Holdings (HIPO) report earnings?
Hippo Holdings (HIPO) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Hippo Holdings (HIPO) earnings time?
Hippo Holdings (HIPO) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HIPO EPS forecast?
HIPO EPS forecast for the fiscal quarter 2025 (Q1) is -1.51.
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