HIPO - Hippo Holdings Q4 revenue tops consensus sees TGP growth lower loss ratio

Hippo Holdings (NYSE:HIPO) targets total generated premium of $800M-$820M in 2022, as it launches its insurance products in more states, up from the $606M it generated in 2021. The company also expects 2022 revenue to reach $140M-$142M, up 53%-56% from last year. Barring major catastrophes, Hippo (HIPO) expects full year 2022 gross loss ratio of under 100% vs. 138% for 2021. Hippo (HIPO) sock is rising 1.0% in after-hours trading. Hippo (HIPO) marked a milestone by crossing total generated premium of $600M for the year, but it faced headwinds as well in the form of equity market sell-off for many tech/growth-oriented companies, catastrophe losses in its major geographic areas, and heightened loss cost pressures for home repairs. Q4 total generated premium of $163M, barely up from $162M in Q3 and up 53% Y/Y. Q4 revenue of $32M topped the consensus estimate of $25.6M and climbed from $21.3M in Q3 and $16.4M in

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Hippo Holdings Q4 revenue tops consensus, sees TGP growth, lower loss ratio