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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost: $237.1 million and $208.3 million, respectively) $ 237.3 $ 205.7
Short-term investments, at fair value (amortized cost: $167.8 million and $167.6 million, respectively) 167.8 167.6
Total investments 405.1 373.3
Cash and cash equivalents 198.9 197.6
Restricted cash 26.9 35.2
Accounts receivable, net of allowance of $0.2 million and $0.6 million, respectively 227.1 167.0
Reinsurance recoverable on paid and unpaid losses and LAE 302.6 285.3
Prepaid reinsurance premiums 296.4 274.2
Ceding commissions receivable 107.7 79.5
Capitalized internal use software 47.2 48.1
Intangible assets 14.3 17.0
Assets held for sale 4.7 0.0
Other assets 75.3 66.2
Total assets 1,706.2 1,543.4
Liabilities:    
Loss and loss adjustment expense reserve 389.0 350.0
Unearned premiums 506.2 457.9
Reinsurance premiums payable 302.9 248.6
Provision for commission 38.4 34.3
Surplus note 47.9 0.0
Liabilities held for sale 10.5 0.0
Accrued expenses and other liabilities 77.2 87.4
Total liabilities 1,372.1 1,178.2
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, $0.0001 par value per share; 80,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 25,543,053 and 24,866,803 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0.0 0.0
Additional paid-in capital 1,653.7 1,639.7
Accumulated other comprehensive income (loss) 0.1 (2.7)
Accumulated deficit (1,321.3) (1,274.9)
Total Hippo stockholders’ equity 332.5 362.1
Noncontrolling interest 1.6 3.1
Total stockholders’ equity 334.1 365.2
Total liabilities and stockholders’ equity $ 1,706.2 $ 1,543.4
Common stock, shares outstanding (in shares) 25,543,053 24,866,803
Common stock, shares issued (in shares) 25,543,053 24,866,803