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Hippo Holdings (HIPO)
NYSE:HIPO
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.17Last Year’s EPS
-1.76Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 10, 2021
|% Change Since: 15.58%
|Next Earnings Date:Aug 16, 2021
Earnings Call Sentiment|Positive
The earnings call reflected strong positive momentum with significant revenue growth, improved loss ratios, and strategic transactions enhancing financial health. However, there were some declines in specific segments and anticipated impacts from strategic sales. Overall, the sentiment is favorable with optimism for future growth and profitability.Company Guidance
During Hippo Holdings' Q3 2024 earnings call, the company highlighted several key metrics reflecting its financial performance and strategic initiatives. Hippo reported a 21% year-over-year growth in total generated premium (TGP), reaching $368 million, with significant contributions from its Services segment, which grew by 46%. Revenue surged by 65% to $95 million, driven by increased premium retention and growth in its Insurance-as-a-Service and Services segments. The company's HHIP non-weather loss ratio improved by 15 percentage points year-over-year, indicating enhanced underwriting practices. Hippo also achieved an 84% reduction in net loss, which stood at $8.5 million, and an 81% improvement in adjusted EBITDA, reflecting strong operational leverage. Looking ahead, Hippo reiterated its Q4 revenue guidance of $95 million to $99 million and projected a positive adjusted EBITDA of $5 million to $6 million, despite the impact of Hurricane Milton and the sale of a majority stake in First Connect Insurance Services.Strong Revenue Growth
Revenue increased by 65% year-over-year to $95 million, up from $58 million in Q3 2023, driven by higher premium retention and volume increases in the Insurance-as-a-Service and Services segments.
Improvement in Loss Ratios
HHIP PCS accident period loss ratio improved by 20 percentage points quarter-over-quarter and 7 percentage points year-over-year to 18%. The non-PCS loss ratio improved by 15 percentage points to 52%.
Reduction in Operating Expenses
GAAP operating expenses decreased by $17 million or 33% year-over-year, and costs fell from 89% of revenue to 36%.
Strategic Transactions
Sold a majority stake in First Connect Insurance Services for approximately $48 million with potential for an additional $12 million. This freed up cash for share repurchase and focus on core business.
Positive Free Cash Flow
Ending cash and investments increased by $54 million to $545 million, driven by higher collections and transactions.
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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 |
|---|---|---|---|
| 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% |
| Mar 06, 2024 | $14.46 | $19.39 | +34.09% |
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 Mar 06, 2025, TBA Not Confirmed.
What is Hippo Holdings (HIPO) earnings time?
Hippo Holdings (HIPO) earnings time is at Mar 06, 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 2024 (Q4) is -0.17.
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