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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost: $164.6 million and $127.3 million, respectively) $ 161.7 $ 121.1
Short-term investments 187.1 324.8
Total investments 348.8 445.9
Cash and cash equivalents 142.1 194.5
Restricted cash 53.0 50.0
Accounts receivable, net of allowance of $0.5 million and $0.3 million, respectively 145.2 107.2
Reinsurance recoverable on paid and unpaid losses and LAE 281.3 286.3
Prepaid reinsurance premiums 335.6 309.9
Ceding commissions receivable 73.8 45.8
Capitalized internal use software 48.4 38.8
Intangible assets 27.3 26.9
Other assets 69.2 63.6
Total assets 1,524.7 1,568.9
Liabilities:    
Loss and loss adjustment expense reserve 322.5 293.8
Unearned premiums 419.2 341.3
Reinsurance premiums payable 260.1 207.1
Provision for commission 24.7 5.0
Accrued expenses and other liabilities 113.5 128.2
Total liabilities 1,140.0 975.4
Commitments and contingencies (Note 14)
Stockholders’ equity    
Common stock, $0.0001 par value per share; 80,000,000 and 80,000,000 shares authorized as of December 31, 2023 and December 31, 2022, respectively; 24,148,308 and 23,201,434 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 0.0 0.0
Additional paid-in capital 1,615.2 1,558.0
Accumulated other comprehensive loss (2.9) (7.0)
Accumulated deficit (1,234.4) (961.1)
Total Hippo stockholders' equity 377.9 589.9
Noncontrolling interest 6.8 3.6
Total stockholders’ equity 384.7 593.5
Total liabilities and stockholders’ equity $ 1,524.7 $ 1,568.9