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Hippo Holdings Inc   (HIPO)
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Price: $13.1500 $1.34 11.346%
Day's High: $13.33 Week Perf: 19.98 %
Day's Low: $ 11.64 30 Day Perf: 44.19 %
Volume (M): 277 52 Wk High: $ 20.39
Volume (M$): $ 3,643 52 Wk Avg: $12.44
Open: $11.84 52 Wk Low: $6.64



 Market Capitalization (Millions $) 312
 Shares Outstanding (Millions) 24
 Employees 600
 Revenues (TTM) (Millions $) 181
 Net Income (TTM) (Millions $) -284
 Cash Flow (TTM) (Millions $) -124
 Capital Exp. (TTM) (Millions $) 46

Hippo Holdings Inc
Hippo Holdings Inc, commonly referred to as Hippo, is an insurance technology company that specializes in developing homeowners' insurance products. The company was founded in 2015 by Eyal Navon and Assaf Wand, who shared a vision of redefining the homeowners' insurance industry through the use of technological advancements.

Hippo leverages technology to offer homeowners' insurance policies with personalized coverage options and competitive pricing. The company utilizes data analytics and machine learning to offer its customers a fast, efficient, and seamless claims process. Hippo's policies also include smart home technology components that can alert homeowners about potential issues such as fire, water damage, and theft.

The main differentiator of Hippo from traditional insurance companies is that the company exclusively operates online, which eliminates many of the overhead costs associated with brick-and-mortar companies. Hippo's policies are written through top-rated carriers, including Spinnaker, which provides the financial backing for the policies.

Hippo is based in Palo Alto, California, and has rapidly grown since its inception. The company has raised over $700 million in funding from investors such as Lennar Corporation, Comcast Ventures, and Bond. As of 2021, Hippo is valued at over $5 billion, making it one of the most valuable insurtech companies in the world.

In addition to its core business of providing homeowners' insurance, Hippo has also expanded into other related services. The company now offers mortgage refinancing and home security services, which complement its homeowners' insurance policies.

Overall, Hippo is a disruptive company that is changing the homeowners' insurance industry with its use of technology, innovative business model, and commitment to providing customers with personalized coverage options and top-notch service.


   Company Address: 150 Forest Avenue Palo Alto 94301 CA
   Company Phone Number: 294-8463   Stock Exchange / Ticker: NYSE HIPO
   HIPO is expected to report next financial results on March 01, 2024.


   

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Hippo Holdings Inc

Hippo Holdings Inc Surges with 87.948% Revenue Growth: A Game-Changer in the Industry



Hippo Holdings Inc, a leading industry player in the sector, has delivered exceptional financial results in its most recent fiscal period. The company reported a remarkable 87.948% increase in revenue, totaling $57.70 million. This substantial improvement has effectively contributed to a significant reduction in losses, with earnings per share (EPS) now standing at $-2.24, compared to the previous year's figure of $-5.66 per share.
In comparison to the previous quarter, Q2, Hippo Holdings Inc displayed continued success, as revenue improved by 20.964% from $47.70 million. EPS also witnessed an impressive improvement, rising from $-4.61 per share. These positive trends demonstrate the company's ability to sustain and build upon its financial performance.

Hippo Holdings Inc

Hippo Holdings Inc Sees Promising Revenue Growth Despite Disappointing Q2 Results; Deficit Widens

Investors Eye Promising Future for Hippo Holdings Inc Despite Disappointing Q2 Results
August 1, 2023 - With the release of Hippo Holdings Inc's Q2 financial report, investors were confronted with mixed results. The company reported a significant increase in its deficit per share, reaching $-4.61 per share compared to $-0.13 a year ago. This also marked a surge from $-3.01 per share in the previous quarter. However, amidst the disappointing deficit figures, there were positive signs of revenue growth.
Revenue for the April to June 30, 2023 period soared by 66.202% to $47.70 million, up from $28.70 million in the same quarter last year. Sequentially, revenue also improved by 19.849% from $39.80 million. This robust growth indicates a promising trajectory for Hippo Holdings Inc.

Hippo Holdings Inc

Hippo Holdings Inc Faces Soaring Deficit and Fierce Competition in Property & Casualty Insurance Industry

Hippo Holdings Inc, a property and casualty insurance company, has recorded a cumulative net loss of $-328 million during the 12 months ending in the first quarter of 2023. This has resulted in a negative return on equity of -51.94%. The company's ROE overall ranking has improved to 2002 from 3481 in the previous quarter. However, within the Property & Casualty Insurance industry, 44 other companies had a higher return on equity, indicating stiff competition in the market.
The company's deficit per share has increased significantly, from $-0.12 a year ago to $-3.01 per share for the fiscal period closing March 31, 2023. This indicates a lack of profitability, as the company is losing money per share. The revenue, however, has gone up strongly by 62.449% to $39.80 million from $24.50 million in the similar reporting period a year ago. Sequentially, revenue also increased by 11.173% from $35.80 million. However, despite the increased revenue, Hippo Holdings Inc has realized a net deficit of $-68.100 million, bigger than $-66.500 million a year ago.






 

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