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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Net earned premium $ 32.9 $ 10.7 $ 69.0 $ 30.9
Commission income, net 14.2 14.3 47.8 38.7
Service and fee income 4.9 3.2 11.9 10.3
Net investment income 5.7 2.5 16.5 4.0
Total revenue 57.7 30.7 145.2 83.9
Expenses:        
Losses and loss adjustment expenses 36.5 23.9 150.9 75.6
Insurance related expenses 20.3 15.6 54.8 46.2
Technology and development 11.9 14.8 36.6 46.0
Sales and marketing 18.9 29.4 63.9 73.7
General and administrative 20.7 19.0 62.0 53.7
Impairment and restructuring charges 0.0 55.3 0.0 55.3
Interest and other (income) expense 0.0 (0.1) 0.5 (1.4)
Total expenses 108.3 157.9 368.7 349.1
Loss before income taxes (50.6) (127.2) (223.5) (265.2)
Income tax expense (benefit) (0.3) 0.3 0.2 0.8
Net loss (50.3) (127.5) (223.7) (266.0)
Net income attributable to noncontrolling interests, net of tax 2.8 1.7 7.1 4.3
Net loss attributable to Hippo (53.1) (129.2) (230.8) (270.3)
Other comprehensive income (loss):        
Change in net unrealized gain or loss on investments, net of tax (0.7) (2.9) (0.1) (7.1)
Comprehensive loss attributable to Hippo (53.8) (132.1) (230.9) (277.4)
Per share data:        
Net loss attributable to Hippo - basic (53.1) (129.2) (230.8) (270.3)
Net loss attributable to Hippo - diluted $ (53.1) $ (129.2) $ (230.8) $ (270.3)
Weighted-average shares used in computing net loss per share attributable to Hippo - basic (in shares) 23,729,570 22,839,916 23,440,555 22,651,026
Weighted-average shares used in computing net loss per share attributable to Hippo - diluted (in shares) 23,729,570 22,839,916 23,440,555 22,651,026
Net loss per share attributable to Hippo - basic (in dollars per share) $ (2.24) $ (5.66) $ (9.85) $ (11.93)
Net loss per share attributable to Hippo - diluted (in dollars per share) $ (2.24) $ (5.66) $ (9.85) $ (11.93)