Hippo Holdings Inc. (HIPO) Financial Statements (2024 and earlier)

Company Profile

Business Address 150 FOREST AVENUE
PALO ALTO, CA 94301
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments329,200519,300784,700
Cash and cash equivalents142,100194,500775,600
Short-term investments187,100324,8009,100
Total current assets:329,200519,300784,700
Noncurrent Assets
Operating lease, right-of-use asset10,60027,600 
Property, plant and equipment34,9005,40034,500
Long-term investments and receivables161,700121,10054,900
Long-term investments161,700121,10054,900
Intangible assets, net (including goodwill)27,30026,90085,700
Goodwill   53,500
Intangible assets, net (excluding goodwill)27,30026,90032,200
Total noncurrent assets:234,500181,000175,100
Other undisclosed assets961,000868,600682,900
TOTAL ASSETS:1,524,7001,568,9001,642,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,140,000975,400781,000
Total liabilities:1,140,000975,400781,000
Equity
Equity, attributable to parent377,900589,900859,600
Additional paid in capital1,615,2001,558,0001,488,300
Accumulated other comprehensive loss(2,900)(7,000)(700)
Accumulated deficit(1,234,400)(961,100)(628,000)
Equity, attributable to noncontrolling interest6,8003,6002,100
Total equity:384,700593,500861,700
TOTAL LIABILITIES AND EQUITY:1,524,7001,568,9001,642,700

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues209,700119,70091,200
Premiums earned, net107,50042,50038,900
Cost of revenue
(Liability for Future Policy Benefits, Period Expense (Income))
(79,100)(59,900)(41,700)
Gross profit:130,60059,80049,500
Operating expenses(159,700)(173,300)(144,200)
Operating income (loss):(29,100)(113,500)(94,700)
Interest and debt expense   47,000
Income (loss) from continuing operations before equity method investments, income taxes:(29,100)(113,500)(47,700)
Other undisclosed loss from continuing operations before income taxes(233,400)(211,700)(319,500)
Loss from continuing operations before income taxes:(262,500)(325,200)(367,200)
Income tax expense(500)(1,300)(700)
Loss from continuing operations:(263,000)(326,500)(367,900)
Loss before gain (loss) on sale of properties:(367,900)
Net loss:(263,000)(326,500)(367,900)
Net loss attributable to noncontrolling interest(10,100)(6,900)(3,500)
Net loss available to common stockholders, diluted:(273,100)(333,400)(371,400)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(263,000)(326,500)(367,900)
Other comprehensive loss  (6,300)(800)
Comprehensive loss:(263,000)(332,800)(368,700)
Comprehensive loss, net of tax, attributable to noncontrolling interest(10,100)(6,900)(3,500)
Other undisclosed comprehensive income, net of tax, attributable to parent4,100  
Comprehensive loss, net of tax, attributable to parent:(269,000)(339,700)(372,200)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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