Company has “clear line of sight” to profitability
Home insurance provider Hippo reported a significant jump in its total generated premium (TGP) and revenue in the final quarter and full year of 2023, in what its chief executive has dubbed a turning point for the insurtech.
For the full year, Hippo posted a TGP of $1.1 billion, a 40% increase from the prior year. The firm also grew revenue significantly faster than TGP, increasing 75% from $120 million to $210 million.