Hippo Holdings Inc. (HIPO) harnesses real-time information along with its smart home technology, to create the pioneer integrated home protection portfolio. The company’s insurance platform is an authorized insurance agent with commercial and private products underwritten by different insurance companies.
The price of HIPO stock during the regular trading of March 10, 2022, was $1.93 with a slight dip of 0.52%. At the last of the aftermarket session, its stock rallied by 9.33%.
HIPO: Key Financials
On March 10, 2022, HIPO released its fourth-quarter 2021 financials for the quarter ended December 31, 2021. Some of the key updates are mentioned below.
Total revenue in Q4 2021 was $32.1 million compared to $16.4 million in the same quarter of 2020. The company gained a phenomenal $15.7 million in its total revenue YoY.
Basic and diluted net loss per share in the fourth quarter of 2021 was $59.3 million or $0.11 against $54 million or $0.60 for the corresponding quarter in 2020. The company’s improved substantially YoY.
HIPO: Events and Happenings
On January 11, 2022, HIPO reported an extension of its Commercial Lines homeowner’s association insurance into marketplaces after its preliminary optimistic traction and engagement. Socotra’s portfolio and open APIs allow the company’s commercial product line to offer clients precise insurance quotations and personalized policy coverage.
On November 17, 2021, HIPO updated on its CEO’s participation at the panel discussion at the JMP Securities Financial Services & Real Estate Conference held on November 18, 2021. On October 26, 2021, HIPO announced the appointment of Grace Hanson as its pioneer Chief Claims Officer, with effect from January 2022. On September 8, 2021, HIPO informed the press that its Executive management presented the company at the following conferences.
- Goldman Sachs 11thAnnual Financial Technology Conference held on September 9, and
- the Virtual KBW Insurance Conference held on September 10, 2021.
HIPO stock touched a new low of 80% in the past year as the company faced a downfall due to the pandemic. The recent after-hours stock gain is attributed to the company’s financial statement release. Its revenue and EPS figures are far better than the previous year’s stats.