newsfilter
← Latest News
PR Newswire·

Hippo Reports Third Quarter 2026 Financial Results

HIPO
  • Hippo Holdings Inc. reported net income of $9 million ($0.33 per diluted share) for the quarter ended September 30, 2026, compared to $98 million in the same period last year.
  • Adjusted net income increased 9.3% to $20 million ($0.74 per diluted share) for the third quarter of 2026.
  • Gross Written Premium (GWP) grew 60.1% to $498 million, driven by expansion across Homeowners, Renters, Commercial Multi-Peril, & Casualty lines.
  • Total Revenue increased 29.4% to $156 million, primarily due to higher net earned premiums & growth in investment & fee income.
  • The Combined Ratio improved 1 percentage point to 98.4%, offsetting higher catastrophe losses with significant improvements in the expense ratio.
  • Net Loss Ratio rose to 56.7% from 47.6% due to normalized catastrophe losses of 6.5% compared to zero in the prior year quarter.
  • Expense Ratio improved 10.3 percentage points to 41.7% driven by operating leverage as expense base growth lagged premium growth.
  • Net Written Premium increased 26% to $149 million, though growth lagged GWP due to lower retention rates in high-growth Casualty & Commercial Multi-Peril lines.
  • Book Value per share rose 3.8% to $17.62, while Total Stockholders' Equity increased 8% to $469 million.
  • The company updated its 2026 full-year guidance, raising GWP expectations to $1.7-$1.75 billion & Adjusted Net Income to $77-$80 million.
  • Casualty & Commercial Multi-Peril lines led growth, increasing 146% & 63% respectively in gross written premiums year-over-year.
  • Net retention rate for the quarter was 30%, slightly below the full-year guidance of approximately mid-30s.