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Stock impact report

Hippo Reports Third Quarter 2022 Financial Results

Hippo Holdings Inc. (HIPO) 
Company Research Source: Business Wire
PALO ALTO, Calif.--(BUSINESS WIRE)--Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended September 30, 2022.Complete financial results and full year guidance for 2022 can be found in the company's shareholder letter in the Investor Relations section of Hippo’s website at https://investors.hippo.com.“The advantages of Hippo’s business model and an industry-leading tech stack are coming into focus,” said Hippo President and CEO Rick McCathron. “We’ve continued to take market share and improve our underwriting results despite challenging macro-economic conditions and what the industry expects to be one of the worst hurricane losses in history. We remain confident in our guidance as we enter the fourth quarter and continue to progress on our path to profitability.”Third Quarter HighlightsImproving Adjusted EBITDAAdj. EBITDA loss of $54.8m (GAAP net loss of $129.2m), better Show less Read more
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