Hippo Holdings Reports Q3 2026 Growth and Raises Full-Year Guidance
Hippo Holdings Inc. (HIPO) reported strong third-quarter results for 2026, highlighted by a 60.1% year-over-year increase in Gross Written Premium (GWP) to $498.1 million. The company's strategic shift toward diversifying its portfolio away from catastrophe-exposed property is evident, with casualty and commercial multi-peril lines now comprising 60% of total GWP. This diversification contributed to a 29.4% increase in total revenue. Driven by improved underwriting results and significant expense ratio reductions, Hippo reported an adjusted net income of $20 million. Consequently, the company raised its full-year guidance for both Gross Written Premium ($1.7 billion to $1.75 billion) and Adjusted Net Income ($77 million to $80 million). While net income appeared lower year-over-year due to a one-time gain in the prior period, management emphasized operational efficiencies gained through AI integration and increased scale.
Tickers: $HIPO
Topics: Combined Ratio Full-Year Guidance Gross Written Premium Net Income Revenue Growth
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