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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Net earned premium $ 94.0 $ 64.4 $ 181.3 $ 124.9
Commission income, net 14.7 16.1 29.1 32.0
Service and fee income 2.9 3.0 5.7 5.8
Net investment income 5.7 6.1 11.5 12.0
Total revenue 117.3 89.6 227.6 174.7
Expenses:        
Losses and loss adjustment expenses 44.5 60.4 136.9 113.0
Insurance related expenses 32.8 24.5 63.0 45.3
Technology and development 8.1 7.8 16.2 16.1
Sales and marketing 9.2 13.4 18.1 27.8
General and administrative 17.4 19.9 33.9 38.2
Impairment and restructuring charges 1.2 0.0 1.2 3.6
Other expense (income), net 0.1 0.1 (0.1) 0.0
Total expenses 113.3 126.1 269.2 244.0
Income (loss) before income taxes 4.0 (36.5) (41.6) (69.3)
Income tax expense (benefit) 0.1 0.7 (0.1) 1.0
Net income (loss) 3.9 (37.2) (41.5) (70.3)
Net income attributable to noncontrolling interests, net of tax 2.6 3.3 4.9 5.9
Net income (loss) attributable to Hippo 1.3 (40.5) (46.4) (76.2)
Other comprehensive income (loss):        
Change in net unrealized gain (loss) on investments, net of tax 0.7 (0.2) 2.8 (0.7)
Comprehensive income (loss) attributable to Hippo 2.0 (40.7) (43.6) (76.9)
Per share data:        
Net loss attributable to Hippo - basic 1.3 (40.5) (46.4) (76.2)
Net loss attributable to Hippo - diluted $ 1.3 $ (40.5) $ (46.4) $ (76.2)
Weighted-average shares used in computing net loss per share attributable to Hippo - basic (in shares) 25,343,457 24,633,960 25,168,442 24,583,168
Weighted-average shares used in computing net loss per share attributable to Hippo - diluted (in shares) 26,023,780 24,633,960 25,168,442 24,583,168
Net loss per share attributable to Hippo - basic (in dollars per share) $ 0.05 $ (1.64) $ (1.84) $ (3.10)
Net loss per share attributable to Hippo - diluted (in dollars per share) $ 0.05 $ (1.64) $ (1.84) $ (3.10)