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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost: $148.5 million and $127.3 million, respectively) $ 141.5 $ 121.1
Short-term investments, at fair value (amortized cost: $188.6 million and $325.6 million, respectively) 188.5 324.8
Total investments 330.0 445.9
Cash and cash equivalents 228.4 194.5
Restricted cash 41.0 50.0
Accounts receivable, net of allowance of $0.4 million and $0.3 million, respectively 145.4 107.2
Reinsurance recoverable on paid and unpaid losses and LAE 297.3 286.3
Prepaid reinsurance premiums 375.5 309.9
Ceding commissions receivable 79.9 45.8
Capitalized internal use software 46.9 38.8
Intangible assets 23.6 26.9
Other assets 79.0 63.6
Total assets 1,647.0 1,568.9
Liabilities:    
Loss and loss adjustment expense reserve 359.9 293.8
Unearned premiums 441.8 341.3
Reinsurance premiums payable 291.1 207.1
Provision for commission 18.0 5.0
Accrued expenses and other liabilities 124.9 128.2
Total liabilities 1,235.7 975.4
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.0001 par value per share; 80,000,000 and 80,000,000 shares authorized as of September 30, 2023 and December 31, 2022, respectively; 23,891,930 and 23,201,434 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 0.0 0.0
Additional paid-in capital 1,606.1 1,558.0
Accumulated other comprehensive loss (7.1) (7.0)
Accumulated deficit (1,192.0) (961.1)
Total Hippo stockholders’ equity 407.0 589.9
Noncontrolling interest 4.3 3.6
Total stockholders’ equity 411.3 593.5
Total liabilities and stockholders’ equity $ 1,647.0 $ 1,568.9