Hippo Q2 gross loss ratio jumps 29 pts to 107% on cat losses
Catastrophe losses increased Hippo’s consolidated gross loss ratio by 29 points to 107 percent in the second quarter, prompting the homeowners insurtech to adjust its full-year Ebitda loss guidance to $208mn-$218mn, up from $147mn previously.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below