Revenue: As of FY2025 Q1, the actual value is USD 110.3 M.

EPS: As of FY2025 Q1, the actual value is USD -1.91.

Services Segment

• Revenue: $11.7 million, a 3% increase from $11.4 million in the prior year quarter.
• Adjusted Operating Loss: $3.5 million, a 34% decrease compared to a loss of $5.3 million in the prior year quarter, due to lower adjusted operating expenses and increased revenue.

Insurance-as-a-Service Segment

• Revenue: $38.9 million, a 91% increase from $20.4 million in the prior year quarter, driven by increased premium retention and performance of existing programs.
• Adjusted Operating Loss: $0.5 million, a decrease of 111% compared to income of $4.7 million in the prior year quarter, due to increased loss and loss adjustment expenses from the LA Wildfires and increased premium retention.

Hippo Home Insurance Program Segment

• Revenue: $61.9 million, a 12% increase from $55.1 million in the prior year quarter, due to higher net earned premium from increased premium retention.
• Adjusted Operating Loss: $38.0 million, an 88% increase compared to a loss of $20.2 million in the prior year quarter, primarily due to increased loss and loss adjustment expenses from the LA Wildfires.

Cash Flow

• Operating Cash Flow: -$35.6 million for the three months ended March 31, 2025, compared to $17.7 million provided by operating activities in the prior year period.
• Investing Cash Flow: -$11.0 million, primarily due to purchases of investment securities.
• Financing Cash Flow: -$6.0 million, primarily driven by distributions to noncontrolling interests and taxes paid related to net share settlement of RSUs.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue driving new customer growth by promoting its agency for sales of non-Hippo policies, growing its network of partners, and optimizing its geographic reach.
• Non-Core Business: The company is in the early stages of cross-selling non-homeowner insurance products across its customer base to generate additional premium per customer without significant incremental marketing spend.