Hippo Holdings Reports Q3 2026 Results with 60% Growth in Gross Written Premium
Hippo Holdings Inc. (HIPO) reported strong third-quarter 2026 financial results, highlighted by a 60.1% year-over-year increase in Gross Written Premium, reaching $498 million. Despite a decrease in GAAP net income to $9 million due to a high prior-year comparison involving the sale of a distribution network, the company's adjusted net income rose 9.3% to $20 million. The company demonstrated improved operational efficiency with a combined ratio of 98.4%, down from previous periods, and an expense ratio that dropped significantly to 41.7%. Growth was driven by expansion across all major business lines, particularly in Casualty and Commercial Multi-Peril segments. CEO Rick McCathron emphasized that the results reflect underwriting discipline and a focus on long-term profitable growth through their MGA and program platforms.
Tickers: $HIPO
Topics: combined ratio gross written premium net income revenue growth
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