Hippo Holdings Inc. Q1 2026 Financial Results

Hippo Holdings Inc. reported its financial results for the first quarter ended March 31, 2026. The company announced a net income of $7 million, or $0.27 per diluted share, a significant improvement from a net loss of $48 million in the same quarter last year. Adjusted net income was $17 million, or $0.65 per diluted share, compared to an adjusted net loss of $35 million in Q1 2025. Gross written premium increased by 58% year-over-year to $332 million, driven by growth in Casualty and Commercial Multi-Peril lines. The net loss ratio improved by 58 percentage points to 48.0%, and the combined ratio improved by 60 percentage points to 99.5%. Total revenue grew by 10% to $122 million. The company also updated its full-year 2026 guidance, with increased projections for Gross Written Premium and Adjusted Net Income.