Hippo Reports Q2 2026 Earnings: Strong Growth in Premiums and Net Income
In its second-quarter earnings report for 2026, Hippo (HIPO) reported significant growth across key financial metrics. Gross Written Premium reached $482 million, a 61% increase driven by expansion of existing program partners and growth in homeowners insurance. The company also posted net income of $10 million or $0.38 per diluted share, up from the prior year. Hippo's adjusted net income rose to $21 million ($0.79 per diluted share), a 24% increase compared to Q2 2025. The company improved its Net Combined Ratio to 95.8%, reflecting better underwriting discipline and reduced expenses due in part to AI infrastructure implementation. Looking ahead, Hippo raised its full-year Gross Written Premium guidance from $1.45 billion–$1.525 billion to $1.65 billion–$1.7 billion and increased Adjusted Net Income guidance to $62 million–$70 million. The company also set a new 2028 target for gross written premiums of over $2.5 billion, representing strong long-term growth expectations.
