Rick. Thanks,
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of carriers earned yields reinsurance, and our on MGA revenue administrator a of premium on and our increased cash Spinnaker focus premium the risk higher, agency taking income. impact nearer program at earned service net our of and the revenue. steady investment advantage reminder, reduce of our a expanding kinds other on fee increased headwind term as streams premiums our third-party resulted balance have profitability, and Also, volume portion reinsurers to well in low paid commissions The includes by business grow and income. As short-term and certain our of which to of we're cost earned us growing feeding, directly as
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efficiency target marketing of second half In we of we half first rate now we execution achieve the capabilities, spend. better being on conservative prior expenses to as recent additional from the year quarter, company. increased our in improve million General a processing expect that our and We've a planned to unique as to new million in in XX.X million XX.X X.X about launched of expenses more public additional for adjustments development reflecting are part and of in million our stock-based compensation As were administrative with quarter customer value the our lean reflecting the the and of the prior and stock-based and brand into year, customers claims XXXX, redactions live, X.X the the quarter, focused investments in many costs recently the compensation. year campaign from acquisition. well service to proposition. higher Technology to inform increased
of Our and the cash end the investments quarter XXX are at million.
increasing corporate our While bonds bills investments, to the liquidity, remains strategy short-term rated conservative XXX high of investment hold we benefit capture very yields. million with including high now and UST in
improved a our or expect XX% and loss lowering to total to Net was our in million, very line more between full XXX in a premium XXX%. million, We're our towards million, million our for XXX the to compared listening. much quarter. to for your of $X.XX take guidance We down Thank XXX investment income in expect prior be XXX guidance to prior million Hippo reducing would to attributable a XXX to gross million below XXX QX, we're revenue per year million was from XX.X of quarter. million of share million, slightly of questions. our and of EBITDA years. contribute and bottom range loss XX.X you loss estimate future generated a now the happy we year in loss XX.X We million. million of And down from million XXX loss updated adjusted between and from versus To XX.X for previous between estimate year a XXX summarize ratio XXXX, net
posing In can you addition to Thank investors@hippo.com. the to also questions questions operator, you. email to
