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Hippo Holdings Inc (HIPO) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Improved ... [Yahoo! Finance]

Hippo Holdings Inc. (HIPO) 
Company Research Source: Yahoo! Finance
Net Earned Premium: Rose to 75% of gross earned premium in HHIP business, up from 23% a year ago. HHIP Accident Period Loss Ratio: Improved by 22 percentage points to 70% from 92% in Q3 of last year. Net Loss: $8.5 million, an 84% improvement versus Q3 of 2023. Adjusted EBITDA Loss: $7.5 million, an 81% improvement versus Q3 of 2023. Operating Expenses: Declined by $17 million year over year, a decrease of 33%. Cash and Investments: Increased by $54 million to $545 million at the end of Q3. Warning! GuruFocus has detected 3 Warning Sign with HIPO. Release Date: November 08, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Hippo Holdings Inc ( NYSE:HIPO ) reported a significant year-over-year improvement in its HHIP non-weather loss ratio, marking the best performance in this metric to date. The company expanded its home builder access program in key states like California, Florida, and Texas, expecting to pro Show less Read more
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