Hippo’s loss on an adjusted Ebitda basis grew in the third quarter to $48mn compared with $24mn a year ago, despite the InsurTech lowering its loss ratio on an underlying basis and taking a lower cat hit relative to premiums than a year ago.
The company reported a net loss of about $31mn, or $0.08 a share, a stark improvement from last year’s $.44
Enter your e-mail to claim a free trial:
Uncover exclusive insights tailored for insurance leaders
Stay Informed: Access exclusive industry insights
Gain a competitive advantage: Hear first about tactical developments
Make better decisions: Understand market dynamics in crucial lines of business