XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Net earned premium $ 11.2 $ 10.2 $ 20.2 $ 19.0
Commission income, net 12.9 6.5 24.4 11.6
Service and fee income 3.5 4.1 7.1 7.1
Net investment income 1.1 0.1 1.5 0.2
Total revenue 28.7 20.9 53.2 37.9
Expenses:        
Losses and loss adjustment expenses 29.2 21.4 51.7 38.7
Insurance related expenses 17.4 8.5 30.6 16.0
Technology and development 16.5 7.5 31.2 14.5
Sales and marketing 19.4 22.2 44.3 46.9
General and administrative 18.2 8.8 34.7 17.1
Interest and other (income) expense (0.3) 36.0 (1.3) 183.1
Total expenses 100.4 104.4 191.2 316.3
Loss before income taxes (71.7) (83.5) (138.0) (278.4)
Income tax expense 0.3 0.2 0.5 0.3
Net loss (72.0) (83.7) (138.5) (278.7)
Net income attributable to noncontrolling interests, net of tax 1.5 0.8 2.6 1.1
Net loss attributable to Hippo (73.5) (84.5) (141.1) (279.8)
Other comprehensive income:        
Change in net unrealized gain or loss on investments, net of tax (1.6) 0.3 (4.2) (0.3)
Comprehensive loss attributable to Hippo (75.1) (84.2) (145.3) (280.1)
Per share data:        
Net loss attributable to Hippo - basic (73.5) (84.5) (141.1) (279.8)
Net loss attributable to Hippo - diluted $ (73.5) $ (84.5) $ (141.1) $ (279.8)
Weighted-average shares used in computing net loss per share attributable to Hippo - basic (in shares) 566,107,642 98,295,275 563,876,248 97,139,194
Weighted-average shares used in computing net loss per share attributable to Hippo - diluted (in shares) 566,107,642 98,295,275 563,876,248 97,139,194
Net loss per share attributable to Hippo - basic (in dollars per share) $ (0.13) $ (0.86) $ (0.25) $ (2.88)
Net loss per share attributable to Hippo - diluted (in dollars per share) $ (0.13) $ (0.86) $ (0.25) $ (2.88)