Hippo reports Q1 revenue $110M, consensus $106.7M

“We delivered on two of our most important objectives as a company. We proactively supported customers affected by the Los Angeles wildfires and further advanced the key long-term value drivers in our business,” said CEO Rick McCathron.”Our homebuilder channel, which provides access to new, more resilient homes, drove a 35% year-over-year increase in gross written premium. Written premium outside of the Hippo (HIPO) Home Insurance Program increased by 21% year-over-year–an important source of diversification.”