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

Ticker

HIPO, HIPO-WT

Exchange

Website

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Direct Property and Casualty Insurance Carriers

Industry (SIC)

Fire, Marine & Casualty Insurance

American International • Berkshire Hathaway • Hartford Financial Services • Allstate Corp (The) • Travelers Companies • Chubb Limited • Loews • CNA Financial • American Financial • Progressive ...

Former names

Reinvent Technology Partners B, Reinvent Technology Partners Z

SEC CIK

0001828105

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

981562010

HIPO stock data

1M 1Y 5Y

News

From Benzinga Pro

Earnings Scheduled For August 11, 2022

11 Aug 22

Companies Reporting Before The Bell • Magic Software (NASDAQ:MGIC) is projected to report quarterly earnings at $0.27 per share on revenue of $131.70 million.

Insurance Stocks Moving In Wednesday's Intraday Session

10 Aug 22

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

Insurance Stocks Moving In Friday's Intraday Session

29 Jul 22

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

Insurance Stocks Moving In Wednesday's Intraday Session

27 Jul 22

Insurance Stocks Moving In Friday's Intraday Session

22 Jul 22

Press releases

From Benzinga Pro

Hippo Welcomes Insurance Industry Leader John 'Jay' Nichols Jr. to Board of Directors

9 Aug 22

Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced an addition to its Board of Directors: John "Jay" Nichols Jr. will join to support the company's vision of protecting the

Hippo Announces Intention to Complete a Reverse Stock Split

19 Jul 22

Hippo Holdings Inc. (NYSE:HIPO) intends to file a proxy statement with the Securities and Exchange Commission in connection with a special meeting of stockholders to be held on August 31, 2022. The proxy statement will

AmeriSave Insurance Agency Now Offering Homeowners and Other Insurance in Minutes

12 Jul 22

National Mortgage Lender Creates Insurance Agency with Hippo Insurance Services, Expanding Hippo's Mortgage Partner Channel AmeriSave is doing even more than offering credit approval for mortgages in under three

First Connect Adds Cowbell Cyber Prime 100 to Insurtech Marketplace

12 Jul 22

Hippo Announces Investor Day

11 Jul 22

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

16 May 22

11 Aug 22

31 Dec 22

Financial summary

Financial statements Chart HIPO financial data

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

Financial data from Hippo earnings reports.

Recent insider trades

HIPO insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

HIPO institutional ownership history Ownership history

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%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

BRP

Risks

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

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

New words: accident, admitted, attached, Austin, caption, cession, chain, complaint, component, convey, cutoff, declaratory, demographic, demurrer, disease, dismissing, Elevate, eleven, environmental, escrow, ESG, estoppel, evade, Excellent, exhaustion, Eyal, flat, floating, forensic, Francisco, heightened, hereto, IBR, implicit, Lennar, LP, Mainsail, matter, MIC, misrepresentation, Navon, negligent, occupy, package, plant, pleading, population, prejudice, provisional, ready, reclassifying, rental, reset, resource, retrospective, ROU, Russia, Sabine, San, societal, SSIC, text, Ukraine, uptake, variation, wealth

Removed: advanced, automatically, basic, closed, comparison, concurrently, curve, earliest, entity, evolve, existed, founding, funding, group, indirectly, initially, Jumpstart, letter, newly, observable, original, peer, periodic, presentation, pronouncement, repay, selected, simulation, tangible

From filing 10-Q 2022 Q1

Financial reports