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HIPO (Hippo Holdings) Scaled Net Operating Assets : -0.05 (As of Sep. 2024)


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What is Hippo Holdings Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hippo Holdings's operating assets for the quarter that ended in Sep. 2024 was $1,131.9 Mil. Hippo Holdings's operating liabilities for the quarter that ended in Sep. 2024 was $1,204.2 Mil. Hippo Holdings's Total Assets for the quarter that ended in Jun. 2024 was $1,510.3 Mil. Therefore, Hippo Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.05.

Hippo Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hippo Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(1382.6-1125.2)/1568.9
=0.16

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1524.7 - 142.1
=1382.6

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1140 - 14.8 - 0
=1125.2

Hippo Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(1131.9-1204.2)/1510.3
=-0.05

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1545.4 - 413.5
=1131.9

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1215.3 - 11.1 - 0
=1204.2

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hippo Holdings Scaled Net Operating Assets Related Terms

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Hippo Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hippo Holdings Inc (NYSE:HIPO) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
150 Forest Avenue, Palo Alto, CA, USA, 94301
Website
https://www.hippo.com
Hippo Holdings Inc is a home insurance group that created a new standard of care and protection for homeowners. It provides insurance for computers, home offices, electronics, appliances, water backup, and service line coverage, among others. It has three reportable segments Services segment earns fees and commission income without assuming underwriting risk or need for reinsurance, Insurance-as-a-Service managed through the Company's subsidiary Spinnaker is a platform to support third-party MGAs, and the Hippo Home Insurance Program engaged in homeowners insurance business. It generates the majority of its revenue from the Insurance-as-a-Service segment.
Executives
Assaf Wand director, officer: See Remarks C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Richard Mccathron director, officer: President 8240 N. MOPAC EXPRESSWAY, #215, AUSTIN TX 78759
Anirudh Badia officer: Chief Accounting Officer 150 FOREST AVENUE, PALO ALTO CA 94301
Yuval Harry officer: Chief Revenue Officer 150 FOREST AVENUE, PALO ALTO CA 95624
John Drake Nichols director C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Mark Schaaf director 150 FOREST AVENUE, PALO ALTO CA 94301
Christopher Donahue officer: General Manager, MGA & CUO 150 FOREST AVENUE, PALO ALTO CA 94301
Noah Knauf director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Sam Landman director C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Sandra S Wijnberg director 100 E. PRATT STREET, BA-1320, BALTIMORE MD 21202
Stewart Ellis officer: Chief Financial Officer C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Eric Feder director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Ran Harpaz officer: Chief Technology Officer C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Aviad Pinkovezky officer: Chief Product Officer C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Amy Errett director C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301