Quarterly ResultApr 30, 2026, 06:07 AM
HIPO Q1 Net Income $7M; GWP +58%; Combined Ratio 99.5%
AI Summary
Hippo Holdings Inc. reported a net income of $7 million, or $0.27 per diluted share, for Q1 2026, a significant improvement from a net loss of $48 million in the prior year. Gross Written Premium increased by 58% to $332 million, and the combined ratio improved by 60 percentage points to 99.5%. The company also updated its full-year 2026 guidance, raising expectations for Gross Written Premium, Net Written Premium, and Adjusted Net Income.
Key Highlights
- Net Income was $7 million ($0.27 diluted EPS) compared to a $48 million net loss in 1Q25.
- Adjusted Net Income reached $17 million ($0.65 diluted EPS) versus a $35 million adjusted net loss in 1Q25.
- Gross Written Premium increased 58% to $332 million over 1Q25.
- Combined Ratio improved 60 percentage points to 99.5% compared to 1Q25.
- Revenue grew 10% to $122 million compared to 1Q25.
- Casualty GWP increased 193% to $101 million; Commercial Multi-Peril GWP rose 89% to $96 million.
- Full-year 2026 Adjusted Net Income guidance raised to $48-$56 million from $45-$55 million.