NYSE$HIPO
Hippo Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Hippo's revenue increased, but was overshadowed by catastrophe losses, decisive actions are being taken to reduce exposure to risks and improve profitability.
Hippo's Q2 2023 results showed strong growth in revenue and total generated premium, but were significantly impacted by catastrophe losses, particularly from hail events in Texas and Colorado. Despite these challenges, the company is taking actions to reduce exposure to these risks and remains on track to achieve positive adjusted EBITDA by the end of 2024.
- Core gross loss ratio improved, but was overshadowed by catastrophe losses.
- Total generated premium and revenue grew significantly year-over-year.
- Operating expense as a percentage of revenue declined, showing operating leverage.
- Company remains on track to turn adjusted EBITDA positive by the end of 2024.
Headline financials
Revenue & EPS history
Hippo Holdings · Revenue · Quarterly
$47.7M
Forward guidance
Hippo is increasing its 2023 guidance for TGP and revenue, but now expects adjusted EBITDA loss to be in the range of $208-$218 million. The company reiterates its expectation of turning adjusted EBITDA positive by the end of 2024.
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 Q2 2023
+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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