Hippo shares surge 30% on narrowing gross loss ratio
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Hippo shares surge 30% on narrowing gross loss ratio

Eileen AJ Connelly
May 13, 2022
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Hippo shares rose in Friday trading after the California-based InsurTech posted a sharply improved gross loss ratio for Q1 and reiterated solid guidance for the year.

The stock gained $0.35, or 28%, to $1.60 per share in afternoon trading, but had initially risen more than 30% before giving up some of its gains.

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Eileen AJ Connelly
Contributing Editor
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