Hippo Reports Third Quarter 2026 Financial Results
PR Newswire•29/10/2026•07:00 ET
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Key Highlights
- ➤2026 FY adjusted net income guidance raised to $77-$80 million
- ➤2026 FY combined ratio guidance cut to 97%-98%
- ➤Q3 gross written premium $498 million, up 60.1% year over year
- ➤Q3 adjusted net income $20 million, up 9.3% year over year
- ➤Q3 combined ratio improved to 98.4%, despite 6.5% CAT losses
Expert Statements
Rick McCathron, President and CEO of Hippo
“Hippo had a strong quarter, delivering a 98% Combined Ratio, a one-point improvement over last year, despite a 7-point headwind from more normalized CAT losses compared to none in the prior-year quarter. This helped generate a 9% increase in Adjusted Net Income over Q3 of last year to $20 million. On the top line, Gross Written Premium of $498 million was higher by 60% compared the prior year quarter, with expansion across all four of our main lines of business, Homeowners, Renters, Commercial Multi-peril, and Casualty. Net Written Premium grew 26% over last year to $149 million.”
Rick McCathron, President and CEO of Hippo
“These results reflect the foundation we've built: underwriting discipline, a diversified portfolio, and a program platform built for long-term partnerships. Even as the market softens, we've been able to grow while improving profitability, and we'll stay selective, writing more only where we believe the underwriting economics are attractive. That discipline supports our expectation of long-term profitable growth across the MGA and program space.”
Hippo Reports Third Quarter 2026 Financial Results PR Newswire
SAN JOSE, Calif., Oct. 29, 2026 /PRNewswire/ -- Hippo Holdings Inc. (NYSE: HIPO), a technology-native insurance platform reported net income of $9 million, or $0.33 per diluted share and adjusted net income of $20 million, or $0.74 per diluted share, for the quarter ended September 30, 2026.
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