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Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Summary of Segment Reporting Information, by Segment

The tables below present segment information reconciled to total Net Loss attributable to Hippo, for the periods indicated (in millions).

			Three Months Ended March 31, 2025
			Services						Insurance-as-a-Service						Hippo Home Insurance Program						Total
Revenue from external customers
Net earned premium			$	—					31.2						56.1						$	87.3
Commission income, net			8.3						4.7						1.0						14.0
Service and fee income			0.8						—						2.0						2.8
Net investment income			—						3.0						2.8						5.8
Intersegment revenue			2.6						—						—						2.6
Segment revenue			11.7						38.9						61.9						112.5
Reconciliation of Revenue
Eliminations(1)																					(2.2)
Total consolidated revenue																					110.3
Less segment expenses:
Loss and loss adjustment expense			—						17.9						74.2
Insurance related expense			—						16.5						11.0
Sales and marketing			6.5						0.1						1.3
Technology and development			2.7						0.1						3.6
General and administrative			3.7						1.8						7.0
Other expenses			—						—						—
Less: Net investment income			—						(3.0)						(2.8)
Less: Noncontrolling interest			(2.3)						—						—
Segment adjusted operating income (loss)			(3.5)						(0.5)						(38.0)						(42.0)
Eliminations(1)																					0.9
Consolidated adjusted operating income (loss)																					(41.1)
Reconciliation of segment adjusted operating income (loss)
Net investment income																					5.8
Depreciation and amortization																					(5.6)
Stock-based compensation																					(7.7)
Fair value adjustments																					0.5
Other one-off transactions																					0.2
Noncontrolling interest																					2.3
Loss before income taxes																					$	(45.6)

(1)Intersegment eliminations include commissions paid from Hippo Home Insurance Program for policies sold by the Company’s Agency segment (revenue, cost, and other adjustments in respective business units eliminated as part of consolidation).

			Three months ended March 31, 2024
			Services						Insurance-as-a-Service						Hippo Home Insurance Program						Total
Revenue from external customers
Net earned premium			$	—					12.4						48.1						$	60.5
Commission income, net			8.2						5.5						0.9						14.6
Service and fee income			0.1						—						2.7						2.8
Net investment income			—						2.5						3.4						5.9
Intersegment revenue			3.1						—						—						3.1
Segment revenue			11.4						20.4						55.1						86.9
Reconciliation of Revenue
Eliminations(1)																					(1.8)
Total consolidated revenue																					85.1
Less segment expenses:
Loss and loss adjustment expense			—						4.5						47.9
Insurance related expense			—						6.9						12.2
Sales and marketing			8.4						—						1.6
Technology and development			2.9						—						3.7
General and administrative			2.8						1.8						6.5
Other expenses			—						—						—
Less: Net investment income			—						(2.5)						(3.4)
Less: Noncontrolling interest			(2.6)						—						—
Segment adjusted operating income (loss)			(5.3)						4.7						(20.2)						(20.8)
Eliminations(1)																					1.0
Consolidated adjusted operating income (loss)																					(19.8)
Reconciliation of segment adjusted operating income (loss)
Net investment income																					5.9
Depreciation and amortization																					(5.6)
Stock-based compensation																					(8.4)
Fair value adjustments																					(1.5)
Other one-off transactions																					(2.5)
Impairment and restructuring charges																					(3.6)
Noncontrolling interest																					2.6
Loss before income taxes																					$	(32.9)

(1)Intersegment eliminations include commissions paid from Hippo Home Insurance Program for policies sold by the Company’s Agency segment (revenue, cost, and other adjustments in respective business units eliminated as part of consolidation).

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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