NYSE$HIPO
Hippo Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Hippo achieved strong top-line growth, substantial loss ratio improvements, and operating leverage gains.
Hippo Holdings reported a revenue increase of 65% year-over-year to $95 million in Q3 2024, driven by higher premium retention and volume increases in the IaaS and Services segments. The company's net loss improved by 84% year-over-year to $8.5 million, and adjusted EBITDA loss improved by 81% to $7.5 million. Loss results improved substantially with HHIP accident period loss ratio improving 22pp YoY to 70%.
- Revenue increased by 65% year-over-year to $95 million.
- HHIP accident period loss ratio improved 22 percentage points year-over-year to 70%.
- Net loss attributable to Hippo improved by 84% year-over-year to $8.5 million.
- Adjusted EBITDA loss improved by 81% year-over-year to $7.5 million.
Headline financials
Revenue & EPS history
Hippo Holdings · Revenue · Quarterly
$95.5M
Forward guidance
Hippo expects Q4 revenue of $95 to $99 million and adjusted EBITDA of positive $5 to $6 million.
Tailwinds
- Reiterating previous Q4 revenue guidance of $95 to $99 million.
- Reiterating previous Q4 adjusted EBITDA guidance of positive $5 to $6 million.
Headwinds
- Removal of First Connect from Hippo’s financials from the beginning of November will lower expected Q4 TGP by approximately $50 to $60 million.
- Removal of First Connect from Hippo’s financials from the beginning of November will lower expected Q4 revenue by approximately $1.5 to $1.8 million.
- Expected impact of Hurricane Milton in Q4.
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 Q3 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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