NYSE$HIPO
Hippo Holdings Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Hippo demonstrated strong top-line growth and improved loss ratios in Q1 2024.
Hippo Holdings reported a strong start to 2024 with revenue up 114% year-over-year to $85 million. The company saw improvements in its HHIP gross loss ratio and a reduction in GAAP sales and marketing, technology and development, and general and administrative expenses. Net loss and Adjusted EBITDA also improved significantly.
- Consolidated TGP increased by 20% year-over-year, with Services and IaaS representing 80% of TGP.
- Services and IaaS drove TGP growth, increasing by 37% and 25% year-over-year, respectively.
- HHIP Q1 gross loss ratio improved by 21 percentage points year-over-year to 80%.
- GAAP S&M, T&D, and G&A collectively declined from 135% of revenue to 48% and these expenses declined 24% year-over-year, a reduction of $13 million.
Headline financials
Revenue & EPS history
Hippo Holdings · Revenue · Quarterly
$85.1M
Forward guidance
Hippo is reiterating its guidance for the full year 2024.
Tailwinds
- Expects TGP to grow to more than $1.3 billion
- Expects revenue to grow to more than $340 million
- Expects an adjusted EBITDA loss of between $41 and $51 million for the full year, with more than 90% of the losses coming in the first two quarters
- Expects to be adjusted EBITDA positive in Q4
- 41% of annual PCS-cat load is estimated to occur in Q2
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.9%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-1.2%
Avg return
30 days after
64%
14 / 22 earnings
Positive
+35.6%
Q3 2023
Best reaction
-22.0%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.9% | -5.9% | -10.3% | |
| Q4 2025 | -5.3% | -1.7% | -12.3% | |
| Q3 2025 | +5.5% | -6.4% | -15.2% | |
| Q1 2025 | -15.9% | -7.2% | +13.4% | |
| Q4 2024 | +2.3% | -6.7% | -23.3% | |
| Q3 2024 | -3.3% | +10.3% | +69.8% | |
| Q2 2024 | +18.5% | +20.0% | +15.9% | |
| Q1 2024 | -0.1% | -1.0% | -3.9% | |
| Q4 2023 | +27.6% | +27.2% | +66.3% | |
| Q3 2023 | +35.6% | +29.7% | +23.7% | |
| Q2 2023 | -22.0% | -33.0% | -29.3% | |
| Q1 2023 | +7.1% | +4.1% | -9.2% | |
| Q4 2022 | +0.1% | -0.5% | -2.2% | |
| Q3 2022 | +4.1% | -7.5% | -9.4% | |
| Q2 2022 | +10.9% | +5.3% | +15.6% | |
| Q1 2022 | -17.2% | -4.1% | -26.6% | |
| Q4 2021 | +1.0% | -4.1% | -2.6% | |
| Q4 2020 | +2.0% | -2.7% | -30.1% | |
| Q3 2021 | +2.0% | -2.7% | -30.1% | |
| Q3 2020 | +2.0% | -2.7% | -30.1% | |
| Q2 2021 | -11.8% | -20.3% | +2.7% | |
| Q1 2021 | +0.2% | +0.6% | +0.8% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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