2023 Q4 Form 10-Q Financial Statement

#000182810523000083 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $64.50M $57.70M $30.70M
YoY Change 80.17% 87.95% 44.13%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $45.60M $39.60M $48.40M
YoY Change -21.78% -18.18% 35.2%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.400M $4.900M $3.800M
YoY Change 35.0% 28.95% 40.74%
% of Gross Profit
Operating Expenses $99.30M $39.60M $48.40M
YoY Change 2.48% -18.18% 35.2%
Operating Profit
YoY Change
Interest Expense $1.300M $0.00 $100.0K
YoY Change 18.18% -100.0% -99.62%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$39.00M -$50.60M -$127.2M
YoY Change -35.0% -60.22% 326.85%
Income Tax $300.0K -$300.0K $300.0K
% Of Pretax Income
Net Earnings -$42.30M -$53.10M -$129.2M
YoY Change -32.96% -58.9% 318.12%
Net Earnings / Revenue -65.58% -92.03% -420.85%
Basic Earnings Per Share -$2.24 -$5.66
Diluted Earnings Per Share -$1.76 -$2.24 -$5.66
COMMON SHARES
Basic Shares Outstanding 23.89M shares 23.67M shares 572.4M shares
Diluted Shares Outstanding 23.73M shares 22.84M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $329.2M $416.9M $568.1M
YoY Change -36.61% -26.62% -28.18%
Cash & Equivalents $142.1M $228.4M $346.5M
Short-Term Investments $187.1M $188.5M $221.6M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $73.80M $79.90M $56.30M
YoY Change 61.14% 41.92% 48.16%
LONG-TERM ASSETS
Property, Plant & Equipment $34.90M $35.10M $5.500M
YoY Change 546.3% 538.18%
Goodwill $0.00 $0.00
YoY Change -100.0%
Intangibles $27.30M $23.60M $28.00M
YoY Change 1.49% -15.71% -16.91%
Long-Term Investments $348.8M $330.0M $330.8M
YoY Change -21.78% -0.24% 359.44%
Other Assets $53.00M $41.00M $46.40M
YoY Change 6.0% -11.64% 5.22%
Total Long-Term Assets $1.451B $1.567B $1.574B
YoY Change -4.74% -0.42% -2.87%
TOTAL ASSETS
Total Short-Term Assets $73.80M $79.90M $56.30M
Total Long-Term Assets $1.451B $1.567B $1.574B
Total Assets $1.525B $1.647B $1.630B
YoY Change -2.82% 1.04% -1.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $54.40M $59.70M $61.30M
YoY Change -33.09% -2.61% 264.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $54.40M $59.70M $61.30M
YoY Change -33.09% -2.61% 264.88%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $71.60M $71.80M $68.30M
YoY Change 63.84% 5.12% -25.44%
Total Long-Term Liabilities $71.60M $71.80M $68.30M
YoY Change 63.84% 5.12% -25.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $54.40M $59.70M $61.30M
Total Long-Term Liabilities $71.60M $71.80M $68.30M
Total Liabilities $1.140B $1.236B $991.0M
YoY Change 16.88% 24.69% 31.35%
SHAREHOLDERS EQUITY
Retained Earnings -$1.234B -$1.192B -$898.0M
YoY Change 28.44% 32.74% 58.29%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $377.9M $407.0M $635.0M
YoY Change
Total Liabilities & Shareholders Equity $1.525B $1.647B $1.630B
YoY Change -2.82% 1.04% -1.7%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$42.30M -$53.10M -$129.2M
YoY Change -32.96% -58.9% 318.12%
Depreciation, Depletion And Amortization $5.400M $4.900M $3.800M
YoY Change 35.0% 28.95% 40.74%
Cash From Operating Activities -$48.50M $1.100M -$43.00M
YoY Change 61.13% -102.56% -25.73%
INVESTING ACTIVITIES
Capital Expenditures $4.500M $4.700M -$5.500M
YoY Change 28.57% -185.45% -237.5%
Acquisitions
YoY Change
Other Investing Activities -$17.50M $35.50M $118.0M
YoY Change -84.33% -69.92% -806.59%
Cash From Investing Activities -$22.00M $30.80M $112.5M
YoY Change -80.9% -72.62% -985.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.800M -900.0K -1.100M
YoY Change 22.58% -18.18% -100.23%
NET CHANGE
Cash From Operating Activities -48.50M 1.100M -43.00M
Cash From Investing Activities -22.00M 30.80M 112.5M
Cash From Financing Activities -3.800M -900.0K -1.100M
Net Change In Cash -74.30M 31.00M 68.40M
YoY Change -49.93% -54.68% -83.42%
FREE CASH FLOW
Cash From Operating Activities -$48.50M $1.100M -$43.00M
Capital Expenditures $4.500M $4.700M -$5.500M
Free Cash Flow -$53.00M -$3.600M -$37.50M
YoY Change 57.74% -90.4% -39.42%

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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates and assumptions include, but are not limited to, loss and loss adjustment expense (“LAE”) reserves, provision for commission slide and cancellations, reinsurance recoverable on paid and unpaid losses and LAE, the fair values of investments, stock-based awards, warrant liabilities, contingent consideration liabilities, acquired intangible assets, deferred tax assets and uncertain tax positions, and revenue recognition. The Company evaluates these estimates on an ongoing basis. These estimates are informed by experience and other assumptions that the Company believes are reasonable under the circumstances. Actual results may differ significantly from these estimates.</span></div>
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CY2022Q4 hippo Debt Securities Available For Sale Accumulated Gross Unrealized Gain Before Tax Current
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainBeforeTaxCurrent
0 usd
CY2022Q4 hippo Debt Securities Available For Sale Accumulated Gross Unrealized Loss Before Tax Current
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedLossBeforeTaxCurrent
800000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
324800000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
452900000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
200000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
7200000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
445900000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
251000000.0 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
84000000.0 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
6100000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
335000000.0 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
7200000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
341900000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3300000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
32800000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
3900000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
374700000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
7200000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
25200000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
24900000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
76500000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
73500000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
3600000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
3500000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Amortized Cost Noncurrent
DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent
148500000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
141500000 usd
CY2023Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
2200000 usd
CY2022Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
1200000 usd
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
4700000 usd
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
1400000 usd
CY2023Q3 hippo Investment Income Debt Securities Available For Sale
InvestmentIncomeDebtSecuritiesAvailableForSale
1500000 usd
CY2022Q3 hippo Investment Income Debt Securities Available For Sale
InvestmentIncomeDebtSecuritiesAvailableForSale
600000 usd
hippo Investment Income Debt Securities Available For Sale
InvestmentIncomeDebtSecuritiesAvailableForSale
4100000 usd
hippo Investment Income Debt Securities Available For Sale
InvestmentIncomeDebtSecuritiesAvailableForSale
1100000 usd
CY2023Q3 hippo Investment Income Short Term
InvestmentIncomeShortTerm
2100000 usd
CY2022Q3 hippo Investment Income Short Term
InvestmentIncomeShortTerm
800000 usd
hippo Investment Income Short Term
InvestmentIncomeShortTerm
8100000 usd
hippo Investment Income Short Term
InvestmentIncomeShortTerm
1700000 usd
CY2023Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
5800000 usd
CY2022Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
2600000 usd
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
16900000 usd
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
4200000 usd
CY2023Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
100000 usd
CY2022Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
100000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
400000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
200000 usd
CY2023Q3 us-gaap Net Investment Income
NetInvestmentIncome
5700000 usd
CY2022Q3 us-gaap Net Investment Income
NetInvestmentIncome
2500000 usd
us-gaap Net Investment Income
NetInvestmentIncome
16500000 usd
us-gaap Net Investment Income
NetInvestmentIncome
4000000.0 usd
CY2023Q3 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
12700000 usd
CY2022Q4 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
12600000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
228400000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
194500000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
41000000.0 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
50000000.0 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
269400000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
244500000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
269400000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
141500000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
188500000 usd
CY2023Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
599400000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
63600000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-9300000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
150900000 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
13500000 usd
CY2023Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
13700000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
244500000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
121100000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
324800000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
690400000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
11900000 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
12200000 usd
CY2023Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
39400000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15800000 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
23600000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
39400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12500000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
26900000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4200000 usd
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
53500000 usd
CY2023Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
73900000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
56400000 usd
CY2023Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
27000000.0 usd
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
17600000 usd
CY2023Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
46900000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
38800000 usd
CY2023Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3400000 usd
CY2022Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2400000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
9400000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
6300000 usd
CY2023Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
11500000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
17400000 usd
CY2023Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
11200000 usd
CY2022Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
9000000.0 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14600000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27600000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
35100000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5400000 usd
CY2023Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
6600000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
4200000 usd
CY2023Q3 us-gaap Other Assets
OtherAssets
79000000.0 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
65000000.0 usd
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
43800000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
153000000.0 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
84900000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-2100000 usd
CY2023Q3 hippo Claim Payments Outstanding
ClaimPaymentsOutstanding
30600000 usd
CY2022Q4 hippo Claim Payments Outstanding
ClaimPaymentsOutstanding
27700000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
15900000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28900000 usd
CY2023Q3 hippo Advances From Customers
AdvancesFromCustomers
13400000 usd
CY2022Q4 hippo Advances From Customers
AdvancesFromCustomers
10200000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2200000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11000000.0 usd
CY2023Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
8500000 usd
CY2022Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
6200000 usd
CY2023Q3 hippo Premium Refund Liability
PremiumRefundLiability
11400000 usd
CY2022Q4 hippo Premium Refund Liability
PremiumRefundLiability
8200000 usd
CY2023Q3 hippo Fiduciary Liability
FiduciaryLiability
4700000 usd
CY2022Q4 hippo Fiduciary Liability
FiduciaryLiability
6600000 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
13500000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
11900000 usd
CY2023Q3 us-gaap Other Liabilities
OtherLiabilities
24700000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
17500000 usd
CY2023Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
124900000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
128200000 usd
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The reconciliation of the beginning and ending reserve balances for losses and loss adjustment expenses (“LAE”), net of reinsurance is summarized as follows for the nine months ended September 30, (in millions): </span></div><div style="margin-top:12pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.833%"><tr><td style="width:1.0%"></td><td style="width:71.809%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.110%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.468%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.113%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reserve for losses and LAE gross of reinsurance recoverables on unpaid losses and LAE as of beginning of the period</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">293.8 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">260.8 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: Reinsurance recoverables on unpaid losses and LAE</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(228.8)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(217.0)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reserve for losses and LAE, net of reinsurance recoverables as of beginning of the period</span></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65.0 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43.8 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Add: Incurred losses and LAE, net of reinsurance, related to:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">153.0 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84.9 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.1)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9.3)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total incurred</span></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">150.9 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75.6 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deduct: Loss and LAE payments, net of reinsurance, related to:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">89.8 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45.9 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15.7 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15.7 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total paid</span></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">105.5 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61.6 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reserve for losses and LAE, net of reinsurance recoverables at end of period</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">110.4 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57.8 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Add: Reinsurance recoverables on unpaid losses and LAE at end of period</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">249.5 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">263.7 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reserve for losses and LAE gross of reinsurance recoverables on unpaid losses and LAE as of end of the period</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">359.9 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">321.5 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
293800000 usd
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
260800000 usd
CY2022Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
228800000 usd
CY2021Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
217000000.0 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Direct
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredDirect
441400000 usd
CY2023Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Ceded
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredCeded
88000000.0 usd
CY2022Q3 us-gaap Ceded Premiums Written
CededPremiumsWritten
167300000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
75600000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
89800000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
45900000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
15700000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
15700000 usd
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
105500000 usd
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
61600000 usd
CY2023Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
110400000 usd
CY2022Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
57800000 usd
CY2023Q3 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
249500000 usd
CY2022Q3 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
263700000 usd
CY2023Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
359900000 usd
CY2022Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
321500000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-2100000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-9300000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-2100000 usd
CY2023Q2 hippo Liability For Unpaid Claims And Claims Adjustment Expense Catastrophe Reserves Release
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseCatastropheReservesRelease
1000000 usd
CY2023Q2 hippo Liability For Unpaid Claims And Claims Adjustment Expense Attritional Reserves Release
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAttritionalReservesRelease
1100000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-9300000 usd
CY2022Q3 hippo Liability For Unpaid Claims And Claims Adjustment Expense Attritional Reserves Release
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAttritionalReservesRelease
5000000 usd
CY2022Q3 hippo Liability For Unpaid Claims And Claims Adjustment Expense Catastrophe Reserves Release
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseCatastropheReservesRelease
4300000 usd
us-gaap Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
0.40
CY2023Q3 hippo Reinsurance Number Of Third Party Reinsurers
ReinsuranceNumberOfThirdPartyReinsurers
3 reinsurer
us-gaap Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
0.58
CY2022 us-gaap Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
0.10
CY2021 us-gaap Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
0.12
CY2021Q4 hippo Reinsurance Number Of Reinsurers
ReinsuranceNumberOfReinsurers
2 reinsurer
CY2021 hippo Reinsurance Agreement Term
ReinsuranceAgreementTerm
P3Y
us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 usd
CY2023Q3 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 usd
us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 usd
CY2022Q3 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 usd
CY2023Q3 us-gaap Direct Premiums Written
DirectPremiumsWritten
225900000 usd
CY2023Q3 us-gaap Direct Premiums Earned
DirectPremiumsEarned
207700000 usd
CY2023Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Direct
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredDirect
120700000 usd
CY2022Q3 us-gaap Direct Premiums Written
DirectPremiumsWritten
173000000.0 usd
CY2022Q3 us-gaap Direct Premiums Earned
DirectPremiumsEarned
139700000 usd
CY2022Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Direct
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredDirect
155300000 usd
CY2023Q3 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
3600000 usd
CY2023Q3 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
3000000.0 usd
CY2023Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Assumed
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredAssumed
3800000 usd
CY2022Q3 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
300000 usd
CY2022Q3 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
100000 usd
CY2022Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Assumed
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredAssumed
-1600000 usd
CY2023Q3 us-gaap Premiums Written Gross
PremiumsWrittenGross
229500000 usd
CY2023Q3 hippo Premiums Earned Gross
PremiumsEarnedGross
210700000 usd
CY2023Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Gross
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredGross
124500000 usd
CY2022Q3 us-gaap Premiums Written Gross
PremiumsWrittenGross
173300000 usd
CY2022Q3 hippo Premiums Earned Gross
PremiumsEarnedGross
139800000 usd
CY2022Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Gross
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredGross
153700000 usd
CY2023Q3 us-gaap Ceded Premiums Written
CededPremiumsWritten
178000000.0 usd
CY2023Q3 us-gaap Ceded Premiums Earned
CededPremiumsEarned
177800000 usd
CY2022Q3 us-gaap Ceded Premiums Earned
CededPremiumsEarned
129100000 usd
CY2022Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Ceded
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredCeded
129800000 usd
CY2023Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
51500000 usd
CY2023Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
32900000 usd
CY2023Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Net
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredNet
36500000 usd
CY2022Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
6000000.0 usd
CY2022Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
10700000 usd
CY2022Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Net
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredNet
23900000 usd
us-gaap Direct Premiums Written
DirectPremiumsWritten
651800000 usd
us-gaap Direct Premiums Earned
DirectPremiumsEarned
557300000 usd
us-gaap Direct Premiums Written
DirectPremiumsWritten
451800000 usd
us-gaap Direct Premiums Earned
DirectPremiumsEarned
388500000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Direct
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredDirect
345200000 usd
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
11800000 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
5700000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Assumed
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredAssumed
9500000 usd
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
400000 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
200000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Assumed
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredAssumed
700000 usd
us-gaap Premiums Written Gross
PremiumsWrittenGross
663600000 usd
hippo Premiums Earned Gross
PremiumsEarnedGross
563000000.0 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Gross
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredGross
450900000 usd
us-gaap Premiums Written Gross
PremiumsWrittenGross
452200000 usd
hippo Premiums Earned Gross
PremiumsEarnedGross
388700000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Gross
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredGross
345900000 usd
us-gaap Ceded Premiums Written
CededPremiumsWritten
559800000 usd
us-gaap Ceded Premiums Earned
CededPremiumsEarned
494000000.0 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Ceded
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredCeded
300000000.0 usd
us-gaap Ceded Premiums Written
CededPremiumsWritten
430900000 usd
us-gaap Ceded Premiums Earned
CededPremiumsEarned
357800000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Ceded
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredCeded
270300000 usd
us-gaap Premiums Written Net
PremiumsWrittenNet
103800000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
69000000.0 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Net
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredNet
150900000 usd
us-gaap Premiums Written Net
PremiumsWrittenNet
21300000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
30900000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Net
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredNet
75600000 usd
CY2023Q3 hippo Provision For Sliding Scale Commission
ProvisionForSlidingScaleCommission
15600000 usd
CY2022Q4 hippo Provision For Sliding Scale Commission
ProvisionForSlidingScaleCommission
3500000 usd
CY2023Q3 hippo Receivable For Sliding Scale Commission
ReceivableForSlidingScaleCommission
5400000 usd
CY2022Q4 hippo Receivable For Sliding Scale Commission
ReceivableForSlidingScaleCommission
4500000 usd
CY2023Q3 hippo Provision For Loss Participation Feature
ProvisionForLossParticipationFeature
106000000 usd
CY2022Q4 hippo Provision For Loss Participation Feature
ProvisionForLossParticipationFeature
51300000 usd
CY2023Q3 us-gaap Premiums Written Gross
PremiumsWrittenGross
229500000 usd
CY2022Q3 us-gaap Premiums Written Gross
PremiumsWrittenGross
173300000 usd
us-gaap Premiums Written Gross
PremiumsWrittenGross
663600000 usd
us-gaap Premiums Written Gross
PremiumsWrittenGross
452200000 usd
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q3 hippo Common Stock Number Of Voting Rights
CommonStockNumberOfVotingRights
1 vote
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
100000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1273336 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
16.09
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y10M24D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1986978 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
36.54
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M18D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1300000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.89
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
257719 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
25.30
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.12
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M6D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
100000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
500000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3500000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023Q3 hippo Share Based Compensation Arrangement By Share Based Payment Award Early Exercise Of Stock Options Liability For Unvested Awards
ShareBasedCompensationArrangementByShareBasedPaymentAwardEarlyExerciseOfStockOptionsLiabilityForUnvestedAwards
900000 usd
CY2022Q4 hippo Share Based Compensation Arrangement By Share Based Payment Award Early Exercise Of Stock Options Liability For Unvested Awards
ShareBasedCompensationArrangementByShareBasedPaymentAwardEarlyExerciseOfStockOptionsLiabilityForUnvestedAwards
1400000 usd
CY2023Q3 hippo Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Subject To Repurchase Related To Early Exercise Of Stock Option
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesSubjectToRepurchaseRelatedToEarlyExerciseOfStockOption
0 shares
CY2022Q4 hippo Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Subject To Repurchase Related To Early Exercise Of Stock Option
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesSubjectToRepurchaseRelatedToEarlyExerciseOfStockOption
100000 shares
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14000000.0 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17000000.0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46800000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46300000 usd
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
100000 shares
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1800000 usd
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
48200000 usd
CY2022Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.10
CY2022Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
70 employee
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
1800000 usd
us-gaap Restructuring Charges
RestructuringCharges
1800000 usd
us-gaap Restructuring Charges
RestructuringCharges
0 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.003
CY2023Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4100000 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2200000 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-53100000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-53100000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-129200000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-129200000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-230800000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-230800000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-270300000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-270300000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23729570 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23729570 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22839916 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22839916 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23440555 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23440555 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22651026 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22651026 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.24
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.24
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.66
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-9.85
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-9.85
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.93
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-11.93
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4998360 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5324450 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
hippo Number Of State Licenses
NumberOfStateLicenses
50 statelicense
CY2023Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
32900000 usd
CY2023Q3 hippo Insurance Commission Revenue
InsuranceCommissionRevenue
14200000 usd
CY2023Q3 hippo Service And Fee Income
ServiceAndFeeIncome
4900000 usd
CY2023Q3 us-gaap Net Investment Income
NetInvestmentIncome
5700000 usd
CY2023Q3 us-gaap Revenues
Revenues
57700000 usd
CY2023Q3 hippo Operating Expenses Adjusted
OperatingExpensesAdjusted
38400000 usd
CY2023Q3 us-gaap Net Investment Income
NetInvestmentIncome
5700000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4900000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14000000.0 usd
CY2023Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-200000 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
800000 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1200000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-300000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-53100000 usd
CY2022Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
10700000 usd
CY2022Q3 hippo Insurance Commission Revenue
InsuranceCommissionRevenue
14300000 usd
CY2022Q3 hippo Service And Fee Income
ServiceAndFeeIncome
3200000 usd
CY2022Q3 us-gaap Net Investment Income
NetInvestmentIncome
2500000 usd
CY2022Q3 us-gaap Revenues
Revenues
30700000 usd
CY2022Q3 hippo Operating Expenses Adjusted
OperatingExpensesAdjusted
54800000 usd
CY2022Q3 us-gaap Net Investment Income
NetInvestmentIncome
2500000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3800000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17000000.0 usd
CY2022Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-200000 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
200000 usd
CY2022Q3 us-gaap Other General Expense
OtherGeneralExpense
500000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
1800000 usd
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
53500000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-129200000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
69000000.0 usd
hippo Insurance Commission Revenue
InsuranceCommissionRevenue
47800000 usd
hippo Service And Fee Income
ServiceAndFeeIncome
11900000 usd
us-gaap Net Investment Income
NetInvestmentIncome
16500000 usd
us-gaap Revenues
Revenues
145200000 usd
hippo Operating Expenses Adjusted
OperatingExpensesAdjusted
178300000 usd
us-gaap Net Investment Income
NetInvestmentIncome
16500000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14400000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46800000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-200000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
4500000 usd
us-gaap Other General Expense
OtherGeneralExpense
3300000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
us-gaap Net Income Loss
NetIncomeLoss
-230800000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
30900000 usd
hippo Insurance Commission Revenue
InsuranceCommissionRevenue
38700000 usd
hippo Service And Fee Income
ServiceAndFeeIncome
10300000 usd
us-gaap Net Investment Income
NetInvestmentIncome
4000000.0 usd
us-gaap Revenues
Revenues
83900000 usd
hippo Operating Expenses Adjusted
OperatingExpensesAdjusted
159100000 usd
us-gaap Net Investment Income
NetInvestmentIncome
4000000.0 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11200000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46300000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-2800000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2600000 usd
us-gaap Other General Expense
OtherGeneralExpense
1800000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000 usd
us-gaap Restructuring Charges
RestructuringCharges
1800000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
53500000 usd
us-gaap Net Income Loss
NetIncomeLoss
-270300000 usd

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