<span item_type="fundamental" item_id="33bf1392172f56aa30f354c48c3143d0" counter_id="ST/US/HIPOW" env="prod"></span><span item_type="announcement" item_id="513564801466701825" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 110.3 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD -1.91.</p><p></p><h3>Segment Revenue</h3><ul><li>Total revenue increased by 30% year-over-year to $110.3 million, driven by growth in Insurance-as-a-Service (IaaS) and Hippo Home Insurance Program (HHIP) segments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li><li>IaaS revenue grew by 91% year-over-year to $38.9 million, primarily due to a 27% year-over-year growth in Gross Earned Premium.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li><li>HHIP revenue increased by 12% year-over-year to $61.9 million, with improvements in reinsurance structure raising Net Earned Premium as a percentage of Gross Earned Premium.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Net loss attributable to Hippo was - $47.7 million, a $12 million increase year-over-year, largely impacted by the Los Angeles wildfires which contributed $45 million to expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li><li>Adjusted EBITDA loss was - $41.1 million, a $21 million increase year-over-year, with $45 million of expenses related to the Los Angeles wildfires.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li><li>Gross Loss Ratio increased to 95% from 59% year-over-year, primarily due to PCS losses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li><li>Net Loss Ratio increased to 106% from 87% year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Cash and investments decreased by $42 million quarter-over-quarter to $528 million, driven by payments related to Los Angeles wildfires and seasonal working capital changes.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li><li>Operating cash flow: Net cash used in operating activities was - $35.6 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The homebuilder channel drove a 35% year-over-year increase in gross written premium.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/hipporeportsfirstquarter.htm"></span></li><li>Written premium outside of the Hippo Home Insurance Program increased by 21% year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/hipporeportsfirstquarter.htm"></span></li><li>Spinnaker maintained a surplus of $198 million and signed an agreement to raise a $50 million surplus note, pending regulatory approval.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Hippo plans to use a $50 million surplus note to support the growth of diversified product lines accessed via the Spinnaker platform, pending regulatory approval.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/hipporeportsfirstquarter.htm"></span></li><li>Hippo expects to generate net profit by the fourth quarter of 2025, driven by revenue growth and improved loss ratios. The company plans to maintain fixed expenses at Q1 levels while continuing to grow its top line.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1828105/000182810525000035/q12025shareholderletterv.htm"></span></li></ul>

HIPPO HOLDINGS INC C/WTS 02/08/2026 (TO PUR COM) | 8-K: FY2025 Q1 Revenue: USD 110.3 M