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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost: $127.3 million and $55.6 million, respectively) $ 121.1 $ 54.9
Short-term investments 324.8 9.1
Total investments 445.9 64.0
Cash and cash equivalents 194.5 775.6
Restricted cash 50.0 43.1
Accounts receivable, net of allowance of $0.3 million and $0.4 million, respectively 107.2 56.5
Reinsurance recoverable on paid and unpaid losses and LAE 286.3 266.9
Prepaid reinsurance premiums 309.9 231.6
Ceding commissions receivable 45.8 41.6
Capitalized internal use software 38.8 25.9
Goodwill 0.0 53.5
Intangible assets 26.9 32.2
Other assets 63.6 51.8
Total assets 1,568.9 1,642.7
Liabilities:    
Loss and loss adjustment expense reserve 293.8 260.8
Unearned premiums 341.3 253.1
Reinsurance premiums payable 207.1 159.4
Provision for commission 5.0 12.3
Accrued expenses and other liabilities 128.2 95.4
Total liabilities 975.4 781.0
Commitments and contingencies (Note 16)
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value per share; 80,000,000 and 80,000,000 shares authorized as of December 31, 2022 and December 31, 2021, respectively; 23,201,434 and 22,601,245 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 0.0 0.0
Additional paid-in capital 1,558.0 1,488.3
Accumulated other comprehensive loss (7.0) (0.7)
Accumulated deficit (961.1) (628.0)
Total Hippo stockholders' equity 589.9 859.6
Noncontrolling interest 3.6 2.1
Total stockholders’ equity 593.5 861.7
Total liabilities and stockholders’ equity $ 1,568.9 $ 1,642.7