Hippo Holdings Inc. filed an 8-K earnings release on October 29, 2026, reporting third-quarter 2026 financial results for the period ended September 30, 2026, including net income of $9 million and gross written premium of $498 million.

Key Highlights

  • Gross Written Premium of $498.1 million increased 60.1% over the third quarter of 2025, according to the filing.
  • Net income of $8.8 million ($0.33 per diluted share) compared to $98.1 million in Q3 2025, with the prior-year period including a $91 million net gain on sale of the home builder distribution network.
  • Adjusted net income of $20.0 million ($0.74 per diluted share) increased 9.3% over Q3 2025, a non-GAAP financial measure as defined in the filing.
  • Combined Ratio improved to 98.4% from 99.6% in Q3 2025, despite a CAT Loss Ratio of 6.5% compared to (0.3)% in the prior-year quarter.
  • Expense Ratio of 41.7% improved approximately 10 percentage points over Q3 2025, driven by net earned premium growth of 29% against expense base growth of 12%.
  • Full-year 2026 Gross Written Premium guidance raised to $1.7-$1.75 billion from a prior range of $1.65-$1.7 billion, with Adjusted Net Income guidance raised to $77-$80 million from $62-$70 million.
  • Book Value Per Share of $17.62 as of September 30, 2026, up 3.8% from $16.97 at year-end 2025.

Hippo Holdings Third Quarter 2026 Operating and Financial Results

According to the filing, Hippo Holdings Inc. (NYSE:HIPO) reported total revenue of $156.0 million for the three months ended September 30, 2026, an increase of 29.4% from $120.6 million in Q3 2025. The company attributed the revenue increase primarily to higher net earned premium, which grew 29% to $128 million, along with increases in net investment income, commission income, and service and fee income.

The filing disclosed that net written premium for the quarter was $149.1 million, up $31 million or 26% from Q3 2025. Growth in net written premium lagged gross written premium growth because the fastest-growing lines, Casualty and Commercial Multi-Peril (CMP), carry the lowest retention levels. The filing noted that Homeowners accounted for 50% of net written premium in Q3 2026, compared to 64% in the prior-year quarter, and the overall net retention rate of 30% was slightly below the company's full-year guidance of approximately mid-30s. Casualty and CMP lines grew 146% and 63% year over year, to $188 million and $108 million, respectively.

The net loss ratio of 56.7% compared to 47.6% in Q3 2025, which the filing attributed to more normalized CAT losses of 6.5% versus no CAT losses in the prior-year quarter. Total Hippo stockholders' equity was $469.0 million as of September 30, 2026, up from $436.1 million at December 31, 2025. The filing also noted that total assets reached $2,752.2 million at September 30, 2026, compared to $1,905.5 million at December 31, 2025. Rick McCathron, Hippo President and CEO, stated in the release that the results "reflect the foundation we've built: underwriting discipline, a diversified portfolio, and a program platform built for long-term partnerships." The company's guidance update and forward-looking statements are subject to the cautionary language included in the filing.

What Was Disclosed

Hippo Holdings disclosed Q3 2026 earnings showing gross written premium of $498.1 million, net income of $8.8 million, and an improved Combined Ratio of 98.4%. The company also raised its full-year 2026 Gross Written Premium and Adjusted Net Income guidance ranges.