$HIPO


Hippo, as a profitable insurtech company, is very close to completing its transformation. For the first time in the company’s history, positive net income from operations was achieved. While fixed expenses decreased by 16%, revenue increased by 31%. This means strong operational leverage. A clear improvement was achieved in the Net Loss Ratio, with a decline to 47%. In the HHIP segment, the net loss ratio decreased from 113% to 55%.
Guidance Revision: The previous net loss expectation of -$65M to -$69M has turned into a positive net income expectation of +$35M to +$39M.
Both the monthly and weekly charts are extremely bullish
HIPPO7.95%
IN22.15%
NET-0.24%
CLEAR8.46%
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