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Hippo Holdings Inc., together with its subsidiaries, provides property and casualty insurance products to individuals and business customers primarily in the United States. The company provides a multi-carrier platform through owned and partner managing general agents (MGAs), serving as a licensed insurance carrier for MGAs and providing admitted and non-admitted (excess and surplus) paper, regulatory licenses, and reinsurance across multiple lines of business. The company also offers insurance products, including homeowners, renters, commercial multi-peril, casualty, and other specialty insurance programs. It provides homeowners insurance, general liability, commercial auto liability, and excess and umbrella liability, written through delegated authority arrangements, renters insurance, liability coverage, commercial multi-peril policies for small to mid-sized businesses, and niche personal or commercial products, as well as program-specific and corporate catastrophe reinsurance solutions. The company distributes insurance products and services through its technology platforms and website, as well as operates licensed insurance agencies. The company was formerly known as Hippo Enterprises Inc. and changed its name to Hippo Holdings Inc. in August 2021. Hippo Holdings Inc. is headquartered in San Jose, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $469M | $0M | $58M | $-4M | 13.2% | 25.9% | - |
| 2024 | $372M | $0M | $-41M | $36M | -11.1% | 77.4% | - |
| 2023 | $210M | $0M | $-273M | $-139M | -71.0% | 75.2% | - |
| 2022 | $120M | $0M | $-333M | $-181M | -56.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 119.70 | 209.70 | 372.10 | 468.60 |
| EBIT | 0 | 0 | 0 | 0 |
| Pretax Income | -325.20 | -262.50 | -27.40 | 63.30 |
| Tax Provision | 1.30 | 0.50 | 1.20 | 0.70 |
| Net Income | -333.40 | -273.10 | -40.50 | 57.70 |
| Net Income Common Stockholders | -333.40 | -273.10 | -40.50 | 57.70 |
| Total Expenses | 444.90 | 472.20 | 399.50 | 405.30 |
| Interest Expense | 0 | 0 | 0 | 0 |
| Interest Income | 2.40 | 7.30 | 9.90 | 0 |
| Selling General And Administration | 173.30 | 159.70 | 121.90 | 100.60 |
| Normalized Income | -289.71 | -268.75 | -80.63 | -31.30 |
| Basic EPS | -14.66 | -11.58 | -1.64 | 2.28 |
| Diluted EPS | -14.66 | -11.58 | -1.64 | 2.22 |
| Tax Effect Of Unusual Items | -11.61 | -1.16 | 10.67 | 1 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.01 |
| Total Unusual Items | -55.30 | -5.50 | 50.80 | 90 |
| Total Unusual Items Excluding Goodwill | -55.30 | -5.50 | 50.80 | 90 |
| Net Income From Continuing Operation Net Minority Interest | -333.40 | -273.10 | -40.50 | 57.70 |
| Reconciled Depreciation | 15.20 | 19.80 | 23.20 | 20.40 |
| Net Interest Income | 2.50 | 0 | 0 | 0 |
| Net Income From Continuing And Discontinued Operation | -333.40 | -273.10 | -40.50 | 57.70 |
| Diluted Average Shares | 22.75 | 23.58 | 24.70 | 26.01 |
| Basic Average Shares | 22.75 | 23.58 | 24.70 | 25.25 |
| Diluted NI Availto Com Stockholders | -333.40 | -273.10 | -40.50 | 57.70 |
| Minority Interests | -6.90 | -10.10 | -11.90 | -4.90 |
| Net Income Including Noncontrolling Interests | -326.50 | -263 | -28.60 | 62.60 |
| Net Income Continuous Operations | -326.50 | -263 | -28.60 | 62.60 |
| Special Income Charges | -55.30 | -5.50 | 50.80 | 90 |
| Other Special Charges | 0 | 0 | -54.40 | -95 |
| Impairment Of Capital Assets | 55.30 | 5.50 | 3.60 | 5 |
| Net Non Operating Interest Income Expense | 2.50 | 0 | 0 | 0 |
| Interest Expense Non Operating | 0 | 0 | 0 | 0 |
| Other Operating Expenses | 55 | 46.20 | 30.60 | 33.50 |
| Depreciation And Amortization In Income Statement | 9 | 13.10 | 0 | 0 |
| Amortization | 9 | 13.10 | 0 | 0 |
| Selling And Marketing Expense | 101.80 | 80.10 | 51.20 | 33.50 |
| General And Administrative Expense | 71.50 | 79.60 | 70.70 | 67.10 |
| Other Gand A | 71.50 | 79.60 | 70.70 | 67.10 |
| Salaries And Wages | 12.50 | 12.50 | 0 | 0 |
| Operating Revenue | 119.70 | 209.70 | 372.10 | 468.60 |
| Loss Adjustment Expense | 161.30 | 260.80 | 297.80 | 361.20 |
| Net Policyholder Benefits And Claims | 161.30 | 260.80 | 297.80 | 361.20 |
| Policyholder Benefits Gross | 469.60 | 622.60 | 539.10 | 666.30 |
| Policyholder Benefits Ceded | 308.30 | 361.80 | 241.30 | 305.10 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hippo Holdings Inc.this co. | HIPO | $735M | 12.71↑ premium | 1.66 | 13.2% | -18.50 |
| Bowhead Specialty Holdings Inc. | BOW | $784M | 15.01 | 1.74 | 12.0% | 9.66 |
| First Financial Corporation | THFF | $772M | 9.55 | 1.19 | 12.2% | - |
| Velocity Financial, Inc. | VEL | $752M | 6.97 | 1.11 | 15.5% | - |
| Southern Missouri Bancorp, Inc. | SMBC |
| $751M |
| 11.80 |
| 1.34 |
| 10.8% |
| - |
| Great Southern Bancorp, Inc. | GSBC | $741M | 10.72 | 1.16 | 11.2% | - |
| Peapack-Gladstone Financial Corporation | PGC | $737M | 16.84 | 1.10 | 5.7% | - |
| Orrstown Financial Services, Inc. | ORRF | $717M | 8.36 | 1.20 | 13.7% | - |
| SmartFinancial, Inc. | SMBK | $714M | 13.38 | 1.29 | 9.1% | - |
| Peer Median | - | 11.26 | 1.20 | 11.6% | 9.66 | |