A Business at a Glance
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Our Company In August 2021, Hippo Enterprises Inc., a Delaware corporation (“Old Hippo”), and Reinvent Technology Partners Z, a Cayman Islands exempted company and special purpose acquisition company (“RTPZ”), completed a merger and other transactions pursuant to which a subsidiary of RTPZ was merged with and into Old Hippo and Old Hippo survived as a wholly owned subsidiary of RTPZ (collectively, we refer to these transactions as the “Business Combination”). In connection with the Business Combination, RTPZ changed its name to Hippo Holdings Inc. Hippo Holdings Inc. (“Hippo”) is an insurance holding company, with subsidiaries that provide property and casualty insurance products to both individuals and business customers. The Company conducts its operations through three reportable segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. The Company offers its services primarily in the United States.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 450M | 372M | 210M | - | - | - |
| Net Income | 96M | -41M | -273M | -333M | -371M | -142M |
| EPS | $3.77 | $-1.64 | $-11.58 | $-14.66 | $-34.11 | $-40.75 |
| Free Cash Flow | 0 | 47M | -122M | -166M | -125M | -66M |
| ROIC | 0.0% | -4.1% | -66.0% | -54.8% | -37.6% | -11.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 3.25 | 3.02 | 1.65 | 0.91 | -4.18 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | -39M | -273M | -332M | -324M | -143M |
| Operating Margin | 0.0% | -10.6% | -130.0% | - | - | - |
| ROE | 22.8% | -10.9% | -72.3% | -56.5% | -43.2% | - |
| Shares Outstanding | 25M | 25M | 24M | 23M | 11M | 23M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | N/A | N/A | N/A | 210M | 372M | 450M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -143M | -324M | -332M | -273M | -39M | 0 |
| Op. Margin | N/A | N/A | N/A | -130.0% | -10.6% | 0.0% |
| Net Income | -142M | -371M | -333M | -273M | -41M | 96M |
| Net Margin | N/A | N/A | N/A | -130.2% | -10.9% | 21.3% |
| Non-Recurring | 0 | 0 | 111M | 11M | 62M | 62M |
| Returns on Capital | ||||||
| ROIC | -11.6% | -37.6% | -54.8% | -66.0% | -4.1% | 0.0% |
| ROE | N/A | -43.2% | -56.5% | -72.3% | -10.9% | 22.8% |
| ROA | -14.4% | -22.6% | -21.3% | -17.9% | -2.6% | 90.3% |
| Cash Flow | ||||||
| Op. Cash Flow | -65M | -125M | -162M | -92M | 48M | -400K |
| Free Cash Flow | -66M | -125M | -166M | -122M | 47M | 0 |
| Owner Earnings | -89M | -160M | -239M | -170M | -14M | -62M |
| CapEx | 400K | 800K | 4.9M | 30M | 300K | 0 |
| Maint. CapEx | 6.7M | 11M | 15M | 20M | 23M | 23M |
| Growth CapEx | 0 | 0 | 0 | 9.8M | 0 | 0 |
| D&A | 6.7M | 11M | 15M | 20M | 23M | 23M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.6% | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 1.8M | 16M | 16M |
| Buyback Yield | N/A | N/A | N/A | 0.8% | 2.3% | 2.3% |
| Stock-Based Comp | 17M | 24M | 62M | 58M | 38M | 38M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | -248M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 248M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | -4.18 | 0.91 | 1.65 | 3.02 | 3.25 | 0.00 |
| Interest Coverage | N/A | -6.9 | N/A | N/A | N/A | N/A |
| Equity | -200M | 860M | 590M | 378M | 362M | 422M |
| Total Assets | 979M | 1.6B | 1.6B | 1.5B | 1.5B | 106M |
| Total Liabilities | 834M | 781M | 975M | 1.1B | 1.2B | 85M |
| Intangibles | 82M | 86M | 54M | 55M | 34M | 34M |
| Retained Earnings | -257M | -628M | -961M | -1.2B | -1.3B | -1.3B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||
| EPS | -40.75 | -34.11 | -14.66 | -11.58 | -1.64 | 3.77 |
| Owner EPS | -3.94 | -14.68 | -10.49 | -7.20 | -0.56 | -2.44 |
| Book Value | -8.81 | 78.95 | 25.94 | 16.02 | 14.66 | 16.64 |
| Cash Flow/Share | -2.89 | -11.43 | -7.10 | -3.92 | 1.92 | 4.70 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 22.7M | 10.9M | 22.7M | 23.6M | 24.7M | 25.3M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | 7.2 |
| P/FCF | N/A | N/A | N/A | N/A | 14.3 | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 0.9 | 0.4 | 0.6 | 1.9 | 1.6 |
| Price/Sales | N/A | N/A | N/A | 1.5 | 1.2 | 1.5 |
| FCF Yield | N/A | -15.9% | -63.3% | -55.1% | 7.0% | N/A |
| Market Cap | N/A | 787M | 263M | 221M | 676M | 689M |
| Avg. Price | N/A | 200.64 | 32.08 | 13.62 | 18.43 | 27.21 |
| Year-End Price | N/A | 72.25 | 11.55 | 9.38 | 27.36 | 27.21 |
Hippo Holdings Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
Total shareholder yield (buybacks) is 2.3%.
Hippo Holdings Inc. (HIPO) has a 5-year average return on invested capital (ROIC) of -34.8%. This is below average and may indicate limited pricing power.
Hippo Holdings Inc. (HIPO) has a market capitalization of $689M. It is classified as a small-cap stock.
Hippo Holdings Inc. (HIPO) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.26%.
Hippo Holdings Inc. (HIPO) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
Hippo Holdings Inc. (HIPO) reported annual revenue of $372 million in its most recent fiscal year, based on SEC EDGAR filings.
Hippo Holdings Inc. (HIPO) has a net profit margin of -10.9%. The company is currently unprofitable.
Hippo Holdings Inc. (HIPO) generated $47 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Hippo Holdings Inc. (HIPO) has a debt-to-equity ratio of 3.25. This indicates higher leverage, which may increase financial risk.
Hippo Holdings Inc. (HIPO) reported earnings per share (EPS) of $-1.64 in its most recent fiscal year.
Hippo Holdings Inc. (HIPO) has a return on equity (ROE) of -10.9%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 5 years of financial data for Hippo Holdings Inc. (HIPO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Hippo Holdings Inc. (HIPO) has a book value per share of $14.66, based on its most recent annual SEC filing.