2024 Q4 Form 10-Q Financial Statement

#000182810524000056 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $95.50M
YoY Change 65.51%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $27.80M
YoY Change -29.8%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.900M
YoY Change 20.41%
% of Gross Profit
Operating Expenses $27.80M
YoY Change -29.8%
Operating Profit
YoY Change
Interest Expense $100.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$5.200M
YoY Change -89.72%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$8.500M
YoY Change -83.99%
Net Earnings / Revenue -8.9%
Basic Earnings Per Share -$0.34
Diluted Earnings Per Share -$0.34
COMMON SHARES
Basic Shares Outstanding 24.36M shares 24.92M shares
Diluted Shares Outstanding 25.07M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $191.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $89.00M
YoY Change 11.39%
LONG-TERM ASSETS
Property, Plant & Equipment $33.40M
YoY Change -4.84%
Goodwill
YoY Change
Intangibles $23.80M
YoY Change 0.85%
Long-Term Investments $354.3M
YoY Change 7.36%
Other Assets $39.70M
YoY Change -3.17%
Total Long-Term Assets $1.456B
YoY Change -7.06%
TOTAL ASSETS
Total Short-Term Assets $89.00M
Total Long-Term Assets $1.456B
Total Assets $1.545B
YoY Change -6.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $43.30M
YoY Change -27.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $43.30M
YoY Change -27.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $74.00M
YoY Change 3.06%
Total Long-Term Liabilities $74.00M
YoY Change 3.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.30M
Total Long-Term Liabilities $74.00M
Total Liabilities $1.215B
YoY Change -1.65%
SHAREHOLDERS EQUITY
Retained Earnings -$1.319B
YoY Change 10.67%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $326.4M
YoY Change
Total Liabilities & Shareholders Equity $1.545B
YoY Change -6.17%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$8.500M
YoY Change -83.99%
Depreciation, Depletion And Amortization $5.900M
YoY Change 20.41%
Cash From Operating Activities $46.80M
YoY Change 4154.55%
INVESTING ACTIVITIES
Capital Expenditures $3.400M
YoY Change -27.66%
Acquisitions
YoY Change
Other Investing Activities -$24.50M
YoY Change -169.01%
Cash From Investing Activities -$27.90M
YoY Change -190.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.200M
YoY Change 811.11%
NET CHANGE
Cash From Operating Activities 46.80M
Cash From Investing Activities -27.90M
Cash From Financing Activities -8.200M
Net Change In Cash 10.70M
YoY Change -65.48%
FREE CASH FLOW
Cash From Operating Activities $46.80M
Capital Expenditures $3.400M
Free Cash Flow $43.40M
YoY Change -1305.56%

Facts In Submission

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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 </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">condensed</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 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 </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">condensed</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 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, 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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2300000 usd
CY2023Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
2200000 usd
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
7300000 usd
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
4700000 usd
CY2024Q3 hippo Investment Income Debt Securities Available For Sale
InvestmentIncomeDebtSecuritiesAvailableForSale
1900000 usd
CY2023Q3 hippo Investment Income Debt Securities Available For Sale
InvestmentIncomeDebtSecuritiesAvailableForSale
1500000 usd
hippo Investment Income Debt Securities Available For Sale
InvestmentIncomeDebtSecuritiesAvailableForSale
5600000 usd
hippo Investment Income Debt Securities Available For Sale
InvestmentIncomeDebtSecuritiesAvailableForSale
4100000 usd
CY2024Q3 hippo Investment Income Short Term
InvestmentIncomeShortTerm
2100000 usd
CY2023Q3 hippo Investment Income Short Term
InvestmentIncomeShortTerm
2100000 usd
hippo Investment Income Short Term
InvestmentIncomeShortTerm
5600000 usd
hippo Investment Income Short Term
InvestmentIncomeShortTerm
8100000 usd
CY2024Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
6300000 usd
CY2023Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
5800000 usd
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
18500000 usd
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
16900000 usd
CY2024Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
100000 usd
CY2023Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
100000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
300000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
400000 usd
CY2024Q3 us-gaap Net Investment Income
NetInvestmentIncome
6200000 usd
CY2023Q3 us-gaap Net Investment Income
NetInvestmentIncome
5700000 usd
us-gaap Net Investment Income
NetInvestmentIncome
18200000 usd
us-gaap Net Investment Income
NetInvestmentIncome
16500000 usd
CY2024Q3 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
9300000 usd
CY2023Q4 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
12900000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
191200000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
142100000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
39700000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
53000000.0 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
230900000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
195100000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
230900000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Noncurrent
DebtSecuritiesAvailableForSaleExcludingAccruedInterestNoncurrent
201800000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
152500000 usd
CY2024Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
585200000 usd
CY2024Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
13500000 usd
CY2024Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
13500000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
195100000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Noncurrent
DebtSecuritiesAvailableForSaleExcludingAccruedInterestNoncurrent
161700000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
187100000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
543900000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
13600000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
13800000 usd
CY2024Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
44300000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20500000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
23800000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
44200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16900000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
27300000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3600000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3300000 usd
CY2024Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
93200000 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
79100000 usd
CY2024Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
43000000.0 usd
CY2023Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
30700000 usd
CY2024Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
50200000 usd
CY2023Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
48400000 usd
CY2024Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
4300000 usd
CY2023Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3400000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
12300000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
9400000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33400000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
34900000 usd
CY2024Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
9300000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
11300000 usd
CY2024Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
1500000 usd
CY2023Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
5600000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5300000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10600000 usd
CY2024Q3 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
12200000 usd
CY2023Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
0 usd
CY2024Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
5600000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
6800000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
67300000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
69200000 usd
CY2024Q3 hippo Claim Payments Outstanding
ClaimPaymentsOutstanding
24400000 usd
CY2023Q4 hippo Claim Payments Outstanding
ClaimPaymentsOutstanding
26300000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
11100000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
14800000 usd
CY2024Q3 hippo Advances From Customers
AdvancesFromCustomers
11700000 usd
CY2023Q4 hippo Advances From Customers
AdvancesFromCustomers
9800000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
100000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3800000 usd
CY2024Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
5600000 usd
CY2023Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
7300000 usd
CY2024Q3 hippo Premium Refund Liability
PremiumRefundLiability
11900000 usd
CY2023Q4 hippo Premium Refund Liability
PremiumRefundLiability
12200000 usd
CY2024Q3 hippo Fiduciary Liability
FiduciaryLiability
2200000 usd
CY2023Q4 hippo Fiduciary Liability
FiduciaryLiability
6000000.0 usd
CY2024Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
13500000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
13600000 usd
CY2024Q3 us-gaap Other Liabilities
OtherLiabilities
17600000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
19700000 usd
CY2024Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
98100000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
113500000 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%">2024</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%">2023</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%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">322.5 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">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></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%">(221.4)</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%">(228.8)</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%">101.1 </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%">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></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%">168.6 </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%">153.0 </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%">(4.0)</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%">(2.1)</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%">164.6 </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><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%">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></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%">101.4 </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%">89.8 </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 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%">41.8 </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%">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%">143.2 </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%">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></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%">122.5 </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%">110.4 </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%">228.6 </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%">249.5 </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%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">351.1 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</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%">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></tr></table></div>
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
322500000 usd
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
293800000 usd
CY2023Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
221400000 usd
CY2022Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
228800000 usd
CY2023Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
101100000 usd
CY2022Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
65000000.0 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
168600000 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 Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-4000000.0 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-2100000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
164600000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
150900000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
101400000 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 Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
41800000 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
143200000 usd
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
105500000 usd
CY2024Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
122500000 usd
CY2023Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
110400000 usd
CY2024Q3 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
228600000 usd
CY2023Q3 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
249500000 usd
CY2024Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
351100000 usd
CY2023Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
359900000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-4000000 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
-4000000 usd
CY2023Q4 hippo Liability For Unpaid Claims And Claims Adjustment Expense Catastrophe Reserves Release
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseCatastropheReservesRelease
2400000 usd
CY2023Q4 hippo Liability For Unpaid Claims And Claims Adjustment Expense Attritional Reserves Release
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAttritionalReservesRelease
1600000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-2100000 usd
CY2022Q4 hippo Liability For Unpaid Claims And Claims Adjustment Expense Catastrophe Reserves Release
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseCatastropheReservesRelease
1000000 usd
CY2022Q4 hippo Liability For Unpaid Claims And Claims Adjustment Expense Attritional Reserves Release
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAttritionalReservesRelease
1100000 usd
CY2024Q3 hippo Reinsurance Number Of Third Party Reinsurers
ReinsuranceNumberOfThirdPartyReinsurers
1 reinsurer
us-gaap Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
0.85
CY2023Q4 hippo Reinsurance Number Of Third Party Reinsurers
ReinsuranceNumberOfThirdPartyReinsurers
6 reinsurer
CY2024Q1 us-gaap Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
0.40
CY2024Q1 hippo Reinsurance Reinsured Risk Cut Off Percentage
ReinsuranceReinsuredRiskCutOffPercentage
0.25
CY2023Q4 hippo Reinsurance Number Of Third Party Reinsurers
ReinsuranceNumberOfThirdPartyReinsurers
3 reinsurer
CY2024Q1 us-gaap Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
0.58
CY2022Q4 hippo Reinsurance Number Of Third Party Reinsurers
ReinsuranceNumberOfThirdPartyReinsurers
11 reinsurer
CY2023Q1 us-gaap Reinsurance Retention Policy Reinsured Risk Percentage
ReinsuranceRetentionPolicyReinsuredRiskPercentage
0.10
CY2023Q4 hippo Reinsurance Number Of Participating Reinsurers
ReinsuranceNumberOfParticipatingReinsurers
14 reinsurer
CY2024Q3 hippo Reinsurance Number Of Participating Reinsurers
ReinsuranceNumberOfParticipatingReinsurers
19 reinsurer
us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 usd
CY2024Q3 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
CY2023Q3 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
0 usd
CY2024Q3 us-gaap Direct Premiums Written
DirectPremiumsWritten
233200000 usd
CY2024Q3 us-gaap Direct Premiums Earned
DirectPremiumsEarned
210700000 usd
CY2024Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Direct
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredDirect
104100000 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
CY2024Q3 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
1200000 usd
CY2024Q3 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
2700000 usd
CY2024Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Assumed
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredAssumed
2200000 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
CY2024Q3 us-gaap Premiums Written Gross
PremiumsWrittenGross
234400000 usd
CY2024Q3 hippo Premiums Earned Gross
PremiumsEarnedGross
213400000 usd
CY2024Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Gross
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredGross
106300000 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
CY2024Q3 us-gaap Ceded Premiums Written
CededPremiumsWritten
143800000 usd
CY2024Q3 us-gaap Ceded Premiums Earned
CededPremiumsEarned
142800000 usd
CY2024Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Ceded
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredCeded
54700000 usd
CY2023Q3 us-gaap Ceded Premiums Written
CededPremiumsWritten
178000000.0 usd
CY2023Q3 us-gaap Ceded Premiums Earned
CededPremiumsEarned
177800000 usd
CY2023Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Ceded
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredCeded
88000000.0 usd
CY2024Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
90600000 usd
CY2024Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
70600000 usd
CY2024Q3 hippo Liability For Claims And Claims Adjustment Expense Incurred Net
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredNet
51600000 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
us-gaap Direct Premiums Written
DirectPremiumsWritten
676800000 usd
us-gaap Direct Premiums Earned
DirectPremiumsEarned
621400000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Direct
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredDirect
340600000 usd
us-gaap Direct Premiums Written
DirectPremiumsWritten
651800000 usd
us-gaap Direct Premiums Earned
DirectPremiumsEarned
557300000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Direct
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredDirect
441400000 usd
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
10000000.0 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
10700000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Assumed
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredAssumed
10100000 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 Premiums Written Gross
PremiumsWrittenGross
686800000 usd
hippo Premiums Earned Gross
PremiumsEarnedGross
632100000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Gross
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredGross
350700000 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 Ceded Premiums Written
CededPremiumsWritten
393400000 usd
us-gaap Ceded Premiums Earned
CededPremiumsEarned
436600000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Ceded
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredCeded
186100000 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 Premiums Written Net
PremiumsWrittenNet
293400000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
195500000 usd
hippo Liability For Claims And Claims Adjustment Expense Incurred Net
LiabilityForClaimsAndClaimsAdjustmentExpenseIncurredNet
164600000 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
CY2024Q3 hippo Provision For Sliding Scale Commission
ProvisionForSlidingScaleCommission
31100000 usd
CY2023Q4 hippo Provision For Sliding Scale Commission
ProvisionForSlidingScaleCommission
23800000 usd
CY2024Q3 hippo Receivable For Sliding Scale Commission
ReceivableForSlidingScaleCommission
2700000 usd
CY2023Q4 hippo Receivable For Sliding Scale Commission
ReceivableForSlidingScaleCommission
5800000 usd
CY2024Q3 hippo Provision For Loss Participation Feature
ProvisionForLossParticipationFeature
50300000 usd
CY2023Q4 hippo Provision For Loss Participation Feature
ProvisionForLossParticipationFeature
112800000 usd
CY2024Q3 us-gaap Premiums Written Gross
PremiumsWrittenGross
234400000 usd
CY2023Q3 us-gaap Premiums Written Gross
PremiumsWrittenGross
229500000 usd
us-gaap Premiums Written Gross
PremiumsWrittenGross
686800000 usd
us-gaap Premiums Written Gross
PremiumsWrittenGross
663600000 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q3 hippo Common Stock Number Of Voting Rights
CommonStockNumberOfVotingRights
1 vote
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1589529 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.13
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M18D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
200000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
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
150658 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.87
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
70234 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
15.49
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1368637 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.42
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2000000.0 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1318453 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
16.43
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y1M6D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
2000000.0 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
700000 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 Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9000000.0 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14000000.0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29300000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46800000 usd
CY2023Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2024Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
48200000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.012
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5800000 usd
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us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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hippo Number Of State Licenses
NumberOfStateLicenses
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CY2024Q3 us-gaap Premiums Earned Net
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CY2024Q3 hippo Insurance Commission Revenue
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CY2024Q3 us-gaap Revenues
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CY2024Q3 hippo Operating Expenses Adjusted
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CY2024Q3 us-gaap Net Investment Income
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CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2024Q3 us-gaap Liabilities Fair Value Adjustment
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CY2024Q3 us-gaap Other General Expense
OtherGeneralExpense
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CY2024Q3 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
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CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q3 us-gaap Premiums Earned Net
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CY2023Q3 hippo Insurance Commission Revenue
InsuranceCommissionRevenue
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CY2023Q3 hippo Service And Fee Income
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CY2023Q3 us-gaap Net Investment Income
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CY2023Q3 us-gaap Revenues
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CY2023Q3 hippo Operating Expenses Adjusted
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CY2023Q3 us-gaap Net Investment Income
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CY2023Q3 us-gaap Depreciation Depletion And Amortization
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense
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CY2023Q3 us-gaap Liabilities Fair Value Adjustment
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CY2023Q3 us-gaap Other General Expense
OtherGeneralExpense
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CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Premiums Earned Net
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hippo Insurance Commission Revenue
InsuranceCommissionRevenue
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hippo Service And Fee Income
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hippo Operating Expenses Adjusted
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us-gaap Net Investment Income
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us-gaap Depreciation Depletion And Amortization
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Liabilities Fair Value Adjustment
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us-gaap Other General Expense
OtherGeneralExpense
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us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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us-gaap Income Tax Expense Benefit
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us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Premiums Earned Net
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hippo Insurance Commission Revenue
InsuranceCommissionRevenue
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hippo Operating Expenses Adjusted
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us-gaap Net Investment Income
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DepreciationDepletionAndAmortization
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OtherGeneralExpense
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IncomeTaxExpenseBenefit
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NetIncomeLoss
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IncomeTaxExpenseBenefit
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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