Hippo Holdings Inc. (NYSE:HIPO) Q1 2022 Results Conference Call May 13, 2022 8:30 AM ET

Company Participants

Cliff Gallant - Vice President of Investor Relations

Assaf Wand - Chief Executive Officer

Richard McCathron - President

Stewart Ellis - Chief Financial Officer

Conference Call Participants

Matthew Carletti - JMP Securities

Yaron Kinar - Jefferies

Michael Phillips - Morgan Stanley

Alex Scott - Goldman Sachs

Operator

Hello and welcome to today’s Hippo’s First Quarter 2022 Earnings Call. My name is Bailey and I will be your moderator for today’s call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions]

I would now like to pass the conference over to Cliff Gallant, Investor Relations. Cliff, please go ahead.

Cliff Gallant

Thank you, operator. Good morning everybody and thank you for joining Hippo’s first quarter earnings conference call. Earlier this morning, Hippo issued a shareholder letter announcing its first quarter results, which is also available at investors.hippo.com.

Leading today’s discussion will be Hippo’s Chief Executive Officer, Assaf Wand; President, Rick McCathron; and Chief Financial Officer, Stewart Ellis. Following management’s prepared remarks, we will open up the call to question.

Before we begin, I would like to remind you that our discussion will contain predictions, expectations, Forward-Looking Statements, and other information about our business that is based on management’s current expectations as of the date of this presentation. Forward-looking statements include, but are not limited to Hippo’s expectations or predictions of financial and business performance and conditions in competitive and industry outlook.

Forward-looking statements are subject to risks, uncertainties, and other factors that will cause our actual results to differ materially from historical results and/or from our forecasts, including those set forth in Hippo’s Form 8-K filed today. For more information, please refer to the uncertainty in our factors discussed in Hippo’s SEC failing.

All cautionary statements that we make during this call are applicable to any forward-looking we make wherever they appear. You should carefully consider the risks and uncertainties and other factors discussed and disclosed in the SEC filing. Do not place undue reliance on forward-looking statements as Hippo is under no obligation and expressedly disclaim any responsibility for updating, altering or otherwise revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

During the conference call, we will also refer to non-GAAP financial measures such as total generated premium and adjusted EBITDA. Our GAAP results and description of our non-GAAP financial measures with a full reconciliation to GAAP can be found in the first quarter 2022 shareholder letter, which has been furnished to the SEC and available on our website.