10-K · March 5, 2026
Hippo positions itself as a technology-native, multi-carrier P&C platform focused on diversified, profitable growth: the filing states the company generated $1.1 billion of gross written premium in 2025 and had $436.1…
Earnings analysis · 10-Q
HIPO earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
Hippo Holdings Inc. demonstrated a positive turnaround in Q1 2026, reporting a net income of $7.1 million, which contrasts sharply with a net loss of $47.7 million in Q1 2025. Revenue totaled $121.5 million, a 10%…
Read full summary
Hippo Holdings Inc. demonstrated a positive turnaround in Q1 2026, reporting a net income of $7.1 million, which contrasts sharply with a net loss of $47.7 million in Q1 2025. Revenue totaled $121.5 million, a 10% increase year-over-year, driven by strong performance in its Commercial Multi-Peril and Casualty lines. Management noted challenges such as decreased commission income but reported improvements in overall profitability and pricing discipline.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.27
What stood out
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Significant EPS Improvement
Diluted EPS rose to $0.27 compared to a loss of $1.91 in the prior year.
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Revenue Growth
Total revenue increased to $121.5 million, up from $110.3 million year-over-year.
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Net Income Turnaround
Net income improved by $54.8 million compared to a net loss of $47.7 million last year.
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Reduced Expenses
Total expenses dropped significantly by 27%, from $155.9 million to $114.3 million.
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Strong Premium Growth
Gross written premium surged by 58% to $332.4 million from $210.9 million year-over-year.
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Improved Loss Ratios
Net loss ratio improved to 48% from 105.9% a year earlier, indicating better underwriting performance.
What to watch
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Commission Income Decline
Commission income fell 12% to $12.7 million from $14.4 million in the prior year.
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Challenging Market Conditions
Risk factors identified remain stable, highlighting potential volatility in insurance markets.
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Retention Rate decrease
Net retention rate dropped to 31% from 48% year-over-year.
Management's outlook
Management expects FY 2026 revenue in the range of $560M - $570M, with gross written premium guidance raised to $1.45B - $1.525B.
Earlier filings 4
10-Q · November 8, 2024
Hippo reported Q3 results with revenue of $95,500,000 and GAAP EPS of $(0.34), beating consensus on both top and bottom lines. Management continues to shift reinsurance strategy (retaining more premium for 2024 and…
10-Q · August 8, 2024
Hippo reported solid revenue growth in Q2 2024, with total revenues of $89.6 million, up from $47.7 million in Q2 2023, marking an increase of 88% year-over-year. However, the company posted a larger-than-expected loss…
10-Q · November 2, 2023
Hippo reported Q3 2023 Total Revenue of $57.7 million (vs. $30.7M in Q3 2022) and Total Generated Premium of $303.7 million (up 38% YoY from $219.9M). Underwriting performance improved materially versus the prior-year…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.