Hippo halves Q2 gross LR to 78% on higher rates, favorable reserves, diversification
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Hippo halves Q2 gross LR to 78% on higher rates, favorable reserves, diversification

Jairo Ibarra
August 11, 2022
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Hippo’s gross loss ratio improved 83 points YoY to 78% in the second quarter, as the company released reserves, implemented higher rates and expanded across the US.

In tandem, its net loss ratio increased by 51 points to 261% year-on-year.

The InsurTech narrowed its Q2 net loss 13% to $73.5mn,

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Jairo Ibarra
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