v3.26.1
Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Net earned premium $ 98.9 $ 87.3
Commission income, net 12.7 14.4
Service and fee income 3.2 2.8
Net investment income 6.7 5.8
Total revenue 121.5 110.3
Expenses:    
Losses and loss adjustment expenses 47.5 92.4
Insurance related expenses 34.9 30.2
Technology and development expenses 9.4 8.1
Sales and marketing expenses 6.3 8.9
General and administrative expenses 16.2 16.5
Interest and other (income) expense, net 0.0 (0.2)
Total expenses 114.3 155.9
Income (loss) before income taxes 7.2 (45.6)
Income tax expense (benefit) 0.1 (0.2)
Net income (loss) 7.1 (45.4)
Net income attributable to noncontrolling interests, net of tax 0.0 2.3
Net income (loss) attributable to Hippo 7.1 (47.7)
Other comprehensive income (loss):    
Change in net unrealized (loss) gain on investments, net of tax (2.4) 2.1
Comprehensive income (loss) attributable to Hippo 4.7 (45.6)
Per share data:    
Net loss attributable to Hippo - basic 7.1 (47.7)
Net loss attributable to Hippo - diluted $ 7.1 $ (47.7)
Weighted-average shares used in computing net loss per share attributable to Hippo - basic (in shares) 25,840,004 24,978,901
Weighted-average shares used in computing net loss per share attributable to Hippo - diluted (in shares) 26,354,271 24,978,901
Net loss per share attributable to Hippo - basic (in dollars per share) $ 0.27 $ (1.91)
Net loss per share attributable to Hippo - diluted (in dollars per share) $ 0.27 $ (1.91)