Hippo adj Ebitda loss widens to $48mn in Q3 as underlying loss ratio improves to 63%

James Thaler,

November 10, 2021

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

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