Earnings Releases·Oct 28, 2026, 6:28 PM ET

Hippo Holdings Inc. — Third Quarter 2026 Earnings Summary

Reported adjusted net income of $20 million ($0.74 per share), a 9.3% year-over-year increase, while GAAP net income declined to $9 million ($0.33 per share) from $98 million in the prior-year quarter due to a $91 million gain on a home builder sale in the prior period.
Revenue grew 29.4% year-over-year to $156 million, driven by a 60.1% surge in Gross Written Premiums to $498.1 million, with the Combined Ratio improving 1 percentage point to 98.4%.
Management raised full-year 2026 guidance across key metrics: Gross Written Premiums to $1.7–$1.75 billion, Revenue to $585–$590 million, Adjusted Net Income to $77–$80 million, and Combined Ratio to 97–98%.
Casualty and Commercial Multi-Peril lines drove significant growth (146% and 63% GWP increases, respectively), diversifying the portfolio as Homeowners' share of Net Written Premiums fell to 50% from 64% in the prior year.
No share repurchases occurred in the first nine months of 2026, contrasting with $14.5 million in the prior year period, while the company maintains a focus on underwriting discipline and long-term profitable growth despite a softening market.