Hippo Holdings Full Year 2024 Earnings: Beats Expectations

Hippo Holdings (NYSE:HIPO) Full Year 2024 Results

Key Financial Results

• Revenue: US$372.1m (up 77% from FY 2023).
• Net loss: US$40.5m (loss narrowed by 85% from FY 2023).
• US$1.64 loss per share (improved from US$11.58 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hippo Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 55%.

The primary driver behind last 12 months revenue was the Hippo Home Insurance Program segment contributing a total revenue of US$236.4m (64% of total revenue). Notably, cost of sales worth US$209.0m amounted to 56% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$113.8m (47% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$37.8m. Explore how HIPO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 5.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Hippo Holdings you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.