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Hippo (HIPO)

Hippo offers a different kind of home insurance, built from the ground up to provide a new standard of care and protection for homeowners. Company's goal is to make homes safer and better protected so customers spend less time worrying about the burdens of homeownership and more time enjoying their homes and the life within. Harnessing real-time data, smart home technology, and a growing suite of home services, the company is creating the first integrated home protection platform. Hippo is headquartered in Palo Alto, California with offices in Austin and Dallas, Texas and insurance products available to more than 70 percent of U.S. homeowners in 32 states. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies.

Company profile

HIPO stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 May 22
11 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 381.6M 381.6M 381.6M 381.6M 381.6M 381.6M
Cash burn (monthly) 145.7M 7.21M 22.1M 12.97M 19.53M 13.97M
Cash used (since last report) 637.2M 31.52M 96.65M 56.73M 85.43M 61.08M
Cash remaining -255.6M 350.08M 284.95M 324.87M 296.17M 320.52M
Runway (months of cash) -1.8 48.6 12.9 25.0 15.2 22.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 22 Lori Dickerson Fouche Common Stock Grant Acquire A No No 0.848 10,000 8.48K 127,656
2 Aug 22 Amy Errett Common Stock Grant Acquire A No No 0.848 10,000 8.48K 127,656
2 Aug 22 Frater Hugh R Common Stock Grant Acquire A No No 0.848 10,000 8.48K 127,656
2 Aug 22 Noah Knauf Common Stock Grant Acquire A No No 0.848 10,000 8.48K 294,869
2 Aug 22 Wijnberg Sandra S Common Stock Grant Acquire A No No 0.848 10,000 8.48K 127,656
15.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 4 3 +33.3%
Opened positions 1 0 NEW
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 11.79M 11.79M
Total shares 87.63M 87.63M +0.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
LEN Lennar 80.82M $0 0.0%
Reinvent Sponsor Z 5.63M $0 0.0%
Linden Capital 1.19M $11.79M 0.0%
Investors Research 23 $0 NEW
Largest transactions Shares Bought/sold Change
Investors Research 23 +23 NEW
LEN Lennar 80.82M 0 0.0%
Linden Capital 1.19M 0 0.0%
Reinvent Sponsor Z 5.63M 0 0.0%

Financial report summary

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Competition
BRP
Management Discussion
  • For the year ended December 31, 2021, net earned premium was $38.9 million, an increase of $21.8 million compared to $17.1 million for the year ended December 31, 2020. The increases are due to year-over-year growth of our total book of business and our acquisition of Spinnaker, which closed on August 31, 2020.
  • For the year ended December 31, 2021, commission income was $37.5 million, an increase of $10.4 million, or 38%, compared to $27.1 million for the year ended December 31, 2020. The increase was due primarily to an increase in ceding commission and agency commissions of $20.1 million and $3.9 million, respectively. This amount was partially offset by a decrease in our MGA commission of $13.5 million as a direct result of the structural change in our business due to the acquisition of Spinnaker.
  • For the year ended December 31, 2021, service and fee income was $14.5 million, an increase of $8.2 million, or 130%, compared to $6.3 million for the year ended December 31, 2020. The increase was due primarily to increased policy fees and other revenue due to an increase in the volume of policies placed by our MGA services.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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