InsurTech Hippo’s loss ratio soars as top-line surges
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InsurTech Hippo’s loss ratio soars as top-line surges

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InsurTech Hippo reported a 210% net loss ratio alongside a 101% rise in total generated premiums, as it illustrated the tension between growth and profitability for the cohort of insurers in its first set of public company results.

The second-quarter increase in net loss ratio from 132% to 210% – and from 106% to 161% on a gross basis – was attributed to severe Texas hailstorms and negative development from Winter Storm Uri.

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