Hippo cuts Q3 net loss by 84% to $8.5mn as closes in on Q4 profitability

Published: Fri 8 Nov 2024

Homeowners insurtech Hippo has cut its net loss by 84 percent in Q3 to $8.5mn from $53mn and trimmed its adjusted Ebitda loss by 74 percent to $7.5mn from $28mn, while it improved HHIP’s net accident year loss ratio 22 points to 70 percent.