Hippo Q1 net loss ratio increases to 250%
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Hippo Q1 net loss ratio increases to 250%

Rachel Dalton
May 13, 2022
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Californian home insurer Hippo has booked a Q1 net loss ratio of 250%, up 34 points on the prior-year period.

Gross written premium (GWP) for the first quarter expanded 18% to $117.1mn.

Hippo’s Ebitda figure deteriorated, as its loss on this basis deepened by 36.2%

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