Hippo announces Q3 adjusted earnings per share of 70 cents compared to a loss of 5 cents last year.
Reports Q3 revenue $120.6M, consensus $117.75M. Reports Q3 tangible book value per share $16.08. "Q3 was a breakout quarter for Hippo as we continued to execute with discipline and momentum across every part of the business," said Rick McCathron, Hippo President and CEO. "We grew gross written premium by 33%, expanded our platform to 36 programs, and delivered significantly improved underwriting results, including a 25-point improvement in our net loss ratio. We're operating as a unified, technology-native platform that's driving profitable growth, deepening diversification, and positioning us for long-term success."
