Hippo Reports Strong Second Quarter Financial Results with Significant Revenue and Profit Growth
Hippo Holdings Inc. (NYSE: HIPO) reported second-quarter financial results for Q2 2026, showing significant growth in both revenue and net income. The company recorded a gross written premium of $482 million, up 61.5% from the same period last year. Net income reached $10 million or $0.38 per diluted share, compared to just $1 million in Q2 2025. Adjusted net income was even stronger at $21 million ($0.79 per diluted share), reflecting a 23.5% increase year-over-year and an annualized adjusted return on equity of 18.4%. The company also improved its combined ratio by four percentage points to 95.8%, driven largely by better underwriting performance. Rick McCathron, Hippo's President and CEO, highlighted the platform’s growth in AI initiatives and business partnerships as key drivers for future success. He announced an upward revision of full-year guidance with expectations exceeding $1.65 billion in gross written premium and up to $70 million in adjusted net income.
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